ØLVE INDUSTRIER AS

5637 ØLVE

Finances

Return on Equity

26,33 %

Current Ratio

1,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	62 092 000	59 956 000	61 306 000	35 821 000
Net Income	4 834 000	5 329 000	2 971 000	595 000
Total Assets	58 719 000	34 429 000	36 606 000	16 320 000
Total Equity	18 362 000	14 128 000	9 099 000	6 428 000

Income (NOK)	2022	2021	2020	2019
Revenue	62 092 000	59 956 000	61 306 000	35 821 000
Expenditure	56 084 000	53 113 000	57 508 000	35 033 000
Operating Profit	6 008 000	6 841 000	3 799 000	788 000
Financial Income	276 000	29 000	129 000	26 000
Financial Costs	90 000	67 000	50 000	59 000
Financial Balance	186 000	−38 000	79 000	−33 000
Earnings Before Tax	6 194 000	6 804 000	3 877 000	755 000
Tax	1 359 000	1 475 000	906 000	160 000
Net Income	4 834 000	5 329 000	2 971 000	595 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	748 000	205 000	268 000	311 000
Total Current Assets	57 970 000	34 224 000	36 338 000	16 009 000
Total Assets	58 719 000	34 429 000	36 606 000	16 320 000
Total Retained Equity	14 916 000	10 681 000	5 652 000	2 981 000
Total Equity	18 362 000	14 128 000	9 099 000	6 428 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	40 356 000	20 301 000	27 507 000	9 893 000
Total Equity and Debt	58 719 000	34 429 000	36 606 000	16 320 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	62 092 000	59 956 000	61 306 000	35 815 000
Other Income	0	0	0	6 000
Revenue	62 092 000	59 956 000	61 306 000	35 821 000
Cost of Goods Sold	23 866 000	19 315 000	29 409 000	9 141 000
Salary Costs	24 225 000	25 908 000	21 815 000	19 878 000
Depreciation	197 000	132 000	154 000	127 000
Impairment	0	0	0	0
Expenditure	56 084 000	53 113 000	57 508 000	35 033 000
Operating Profit	6 008 000	6 841 000	3 799 000	788 000
Financial Income	276 000	29 000	129 000	26 000
Financial Costs	90 000	67 000	50 000	59 000
Financial Balance	186 000	−38 000	79 000	−33 000
Dividends	600 000	300 000	300 000	0
Net Income	4 834 000	5 329 000	2 971 000	595 000

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	748 000	205 000	268 000	311 000
Total Tangible Assets	748 000	205 000	268 000	311 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	748 000	205 000	268 000	311 000
Stock	5 662 000	4 438 000	2 382 000	3 204 000
Total Investments	0	0	0	0
Cash, Bank	45 474 000	15 132 000	31 457 000	9 829 000
Total Current Assets	57 970 000	34 224 000	36 338 000	16 009 000
Total Assets	58 719 000	34 429 000	36 606 000	16 320 000
Total Equity	18 362 000	14 128 000	9 099 000	6 428 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 494 000	2 316 000	3 857 000	1 065 000
Unpaid Taxes	3 672 000	2 965 000	7 081 000	1 657 000
Dividends	600 000	300 000	300 000	0
Other Current Debt	32 231 000	13 245 000	15 364 000	7 011 000
Total Current Debt	40 356 000	20 301 000	27 507 000	9 893 000
Total Equity and Debt	58 719 000	34 429 000	36 606 000	16 320 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,33 %	37,72 %	32,65 %	9,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,68 %	11,41 %	6,2 %	2,2 %
Current Ratio	1,44	1,69	1,32	1,62
Quick Ratio	1,67	2,16	1,45	2,39
Equity Ratio	0,31	0,41	0,25	0,39
Gross Profit Margin	61,56 %	67,78 %	52,03 %	74,48 %