ORKEL DEVELOPMENT AS

7320 FANNREM

Finances

Share Ownership

Return on Equity

2,37 %

Current Ratio

15,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	133 000	181 000	60 000	0
Net Income	47 000	−42 000	−227 000	−86 000
Total Assets	2 047 000	2 101 000	2 009 000	2 205 000
Total Equity	1 980 000	1 933 000	1 975 000	2 201 000

Income (NOK)	2022	2021	2020	2019
Revenue	133 000	181 000	60 000	0
Expenditure	128 000	278 000	320 000	130 000
Operating Profit	5 000	−97 000	−260 000	−130 000
Financial Income	42 000	56 000	33 000	44 000
Financial Costs	0	0	0	0
Financial Balance	42 000	56 000	33 000	44 000
Earnings Before Tax	47 000	−42 000	−227 000	−86 000
Tax	0	0	0	0
Net Income	47 000	−42 000	−227 000	−86 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 014 000	1 134 000	1 254 000	1 384 000
Total Current Assets	1 033 000	967 000	756 000	821 000
Total Assets	2 047 000	2 101 000	2 009 000	2 205 000
Total Retained Equity	1 706 000	1 659 000	1 701 000	1 927 000
Total Equity	1 980 000	1 933 000	1 975 000	2 201 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	67 000	168 000	34 000	3 000
Total Equity and Debt	2 047 000	2 101 000	2 009 000	2 205 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	115 000	181 000	60 000	0
Other Income	18 000	0	0	0
Revenue	133 000	181 000	60 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	128 000	278 000	320 000	130 000
Operating Profit	5 000	−97 000	−260 000	−130 000
Financial Income	42 000	56 000	33 000	44 000
Financial Costs	0	0	0	0
Financial Balance	42 000	56 000	33 000	44 000
Dividends	0	0	0	0
Net Income	47 000	−42 000	−227 000	−86 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 014 000	1 134 000	1 254 000	1 384 000
Total Fixed Assets	1 014 000	1 134 000	1 254 000	1 384 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	875 000	718 000	150 000	216 000
Total Current Assets	1 033 000	967 000	756 000	821 000
Total Assets	2 047 000	2 101 000	2 009 000	2 205 000
Total Equity	1 980 000	1 933 000	1 975 000	2 201 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	51 000	139 000	44 000	4 000
Unpaid Taxes	16 000	29 000	−9 000	−1 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	67 000	168 000	34 000	3 000
Total Equity and Debt	2 047 000	2 101 000	2 009 000	2 205 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,37 %	−2,17 %	−11,49 %	−3,91 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,76 %	−53,59 %	−433,33 %	-
Current Ratio	15,42	5,76	22,24	273,67
Quick Ratio	15,42	5,76	22,24	273,67
Equity Ratio	0,97	0,92	0,98	1
Gross Profit Margin	100 %	100 %	100 %	-