MICHAEL OLSEN & PARTNERE

1394 NESBRU

Finances

Share Ownership

Return on Equity

1,81 %

Current Ratio

25,25

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	5 422 000	5 136 000	4 168 000	4 055 000
Net Income	116 000	2 092 000	757 000	835 000
Total Assets	6 690 000	7 292 000	5 576 000	3 810 000
Total Equity	6 425 000	6 309 000	4 217 000	3 459 000

Income (NOK)	2021	2020	2019	2018
Revenue	5 422 000	5 136 000	4 168 000	4 055 000
Expenditure	5 273 000	2 454 000	3 174 000	2 984 000
Operating Profit	149 000	2 682 000	995 000	1 071 000
Financial Income	7 000	0	0	0
Financial Costs	7 000	0	4 000	0
Financial Balance	0	0	−4 000	0
Earnings Before Tax	149 000	2 682 000	991 000	1 071 000
Tax	33 000	590 000	234 000	236 000
Net Income	116 000	2 092 000	757 000	835 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	0	0
Total Current Assets	6 690 000	7 292 000	5 576 000	3 810 000
Total Assets	6 690 000	7 292 000	5 576 000	3 810 000
Total Retained Equity	5 942 000	5 826 000	3 734 000	2 977 000
Total Equity	6 425 000	6 309 000	4 217 000	3 459 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	265 000	983 000	1 359 000	350 000
Total Equity and Debt	6 690 000	7 292 000	5 576 000	3 810 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	5 422 000	5 136 000	4 168 000	4 055 000
Other Income	0	0	0	0
Revenue	5 422 000	5 136 000	4 168 000	4 055 000
Cost of Goods Sold	5 200 000	2 397 000	2 196 000	2 108 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	5 273 000	2 454 000	3 174 000	2 984 000
Operating Profit	149 000	2 682 000	995 000	1 071 000
Financial Income	7 000	0	0	0
Financial Costs	7 000	0	4 000	0
Financial Balance	0	0	−4 000	0
Dividends	0	0	0	0
Net Income	116 000	2 092 000	757 000	835 000

Balance details (NOK)	2021	2020	2019	2018
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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 102 000	1 756 000	414 000	189 000
Total Current Assets	6 690 000	7 292 000	5 576 000	3 810 000
Total Assets	6 690 000	7 292 000	5 576 000	3 810 000
Total Equity	6 425 000	6 309 000	4 217 000	3 459 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	131 000	71 000	1 075 000	47 000
Unpaid Taxes	102 000	249 000	60 000	67 000
Dividends	0	0	0	0
Other Current Debt	0	74 000	5 000	5 000
Total Current Debt	265 000	983 000	1 359 000	350 000
Total Equity and Debt	6 690 000	7 292 000	5 576 000	3 810 000

Financial indicators	2021	2020	2019	2018
Return on Equity	1,81 %	33,16 %	17,95 %	24,14 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,75 %	52,22 %	23,87 %	26,41 %
Current Ratio	25,25	7,42	4,1	10,89
Quick Ratio	25,25	7,42	4,1	10,89
Equity Ratio	0,96	0,87	0,76	0,91
Gross Profit Margin	4,09 %	53,33 %	47,31 %	48,01 %