OLE T. ANDREASSEN AS

9415 HARSTAD

Finances

Return on Equity

−3,48 %

Current Ratio

1,81

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	152 000	62 000	212 000	190 000
Net Income	−421 000	21 527 000	1 194 000	777 000
Total Assets	15 639 000	23 284 000	6 845 000	6 449 000
Total Equity	12 101 000	23 250 000	4 722 000	4 428 000

Income (NOK)	2022	2021	2020	2019
Revenue	152 000	62 000	212 000	190 000
Expenditure	553 000	286 000	325 000	245 000
Operating Profit	−400 000	−224 000	−113 000	−55 000
Financial Income	109 000	21 799 000	1 416 000	901 000
Financial Costs	196 000	109 000	101 000	77 000
Financial Balance	−87 000	21 690 000	1 315 000	824 000
Earnings Before Tax	−488 000	21 465 000	1 202 000	769 000
Tax	−67 000	−62 000	7 000	−8 000
Net Income	−421 000	21 527 000	1 194 000	777 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 765 000	8 499 000	4 913 000	4 383 000
Total Current Assets	1 874 000	14 786 000	1 932 000	2 067 000
Total Assets	15 639 000	23 284 000	6 845 000	6 449 000
Total Retained Equity	11 624 000	22 457 000	3 930 000	3 636 000
Total Equity	12 101 000	23 250 000	4 722 000	4 428 000
Total Long-Term Debt	2 500 000	0	2 001 000	2 001 000
Total Current Debt	1 038 000	34 000	122 000	20 000
Total Equity and Debt	15 639 000	23 284 000	6 845 000	6 449 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	62 000	62 000	170 000	143 000
Other Income	90 000	0	42 000	47 000
Revenue	152 000	62 000	212 000	190 000
Cost of Goods Sold	0	0	0	0
Salary Costs	13 000	0	58 000	0
Depreciation	266 000	186 000	142 000	128 000
Impairment	0	0	0	0
Expenditure	553 000	286 000	325 000	245 000
Operating Profit	−400 000	−224 000	−113 000	−55 000
Financial Income	109 000	21 799 000	1 416 000	901 000
Financial Costs	196 000	109 000	101 000	77 000
Financial Balance	−87 000	21 690 000	1 315 000	824 000
Dividends	0	0	0	0
Net Income	−421 000	21 527 000	1 194 000	777 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	134 000	67 000	5 000	2 000
Real Eastate	7 653 000	3 332 000	3 408 000	2 930 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	43 000	54 000	50 000	0
Total Tangible Assets	7 696 000	3 387 000	3 458 000	2 930 000
Total Fiancial Fixed Assets	5 934 000	5 045 000	1 450 000	1 450 000
Total Fixed Assets	13 765 000	8 499 000	4 913 000	4 383 000
Stock	0	0	0	0
Total Investments	1 288 000	371 000	98 000	296 000
Cash, Bank	526 000	14 313 000	1 769 000	1 613 000
Total Current Assets	1 874 000	14 786 000	1 932 000	2 067 000
Total Assets	15 639 000	23 284 000	6 845 000	6 449 000
Total Equity	12 101 000	23 250 000	4 722 000	4 428 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 500 000	0	2 001 000	2 001 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	13 000	20 000
Dividends	0	0	0	0
Other Current Debt	1 038 000	34 000	98 000	0
Total Current Debt	1 038 000	34 000	122 000	20 000
Total Equity and Debt	15 639 000	23 284 000	6 845 000	6 449 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,48 %	92,59 %	25,29 %	17,55 %
Debt-to-Equity Ratio	0,21	0	0,42	0,45
Operating Profit Margin	−263,16 %	−361,29 %	−53,3 %	−28,95 %
Current Ratio	1,81	434,88	15,84	103,35
Quick Ratio	1,81	434,88	15,84	103,35
Equity Ratio	0,77	1	0,69	0,69
Gross Profit Margin	100 %	100 %	100 %	100 %