ØLSELVA KRAFTVERK AS

5590 ETNE

Finances

Share Ownership

Return on Equity

66,28 %

Current Ratio

1,77

Debt-to-Equity Ratio

1,52

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 835 000	879 000	187 000	583 000
Net Income	1 539 000	301 000	−169 000	61 000
Total Assets	7 382 000	5 124 000	4 623 000	4 961 000
Total Equity	2 322 000	783 000	482 000	650 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 835 000	879 000	187 000	583 000
Expenditure	704 000	387 000	260 000	321 000
Operating Profit	2 130 000	492 000	−73 000	261 000
Financial Income	0	0	0	0
Financial Costs	157 000	105 000	142 000	184 000
Financial Balance	−157 000	−105 000	−142 000	−184 000
Earnings Before Tax	1 973 000	386 000	−215 000	78 000
Tax	434 000	85 000	−47 000	17 000
Net Income	1 539 000	301 000	−169 000	61 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 684 000	4 340 000	4 484 000	4 628 000
Total Current Assets	2 698 000	784 000	138 000	333 000
Total Assets	7 382 000	5 124 000	4 623 000	4 961 000
Total Retained Equity	2 097 000	558 000	256 000	425 000
Total Equity	2 322 000	783 000	482 000	650 000
Total Long-Term Debt	3 523 000	3 822 000	4 009 000	4 081 000
Total Current Debt	1 526 000	518 000	131 000	219 000
Total Equity and Debt	7 382 000	5 124 000	4 623 000	4 961 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 835 000	879 000	187 000	583 000
Other Income	0	0	0	0
Revenue	2 835 000	879 000	187 000	583 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	150 000	144 000	144 000	144 000
Impairment	0	0	0	0
Expenditure	704 000	387 000	260 000	321 000
Operating Profit	2 130 000	492 000	−73 000	261 000
Financial Income	0	0	0	0
Financial Costs	157 000	105 000	142 000	184 000
Financial Balance	−157 000	−105 000	−142 000	−184 000
Dividends	0	0	0	0
Net Income	1 539 000	301 000	−169 000	61 000

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	4 684 000	4 340 000	4 484 000	4 628 000
Fixtures	0	0	0	0
Total Tangible Assets	4 684 000	4 340 000	4 484 000	4 628 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 684 000	4 340 000	4 484 000	4 628 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 458 000	643 000	46 000	253 000
Total Current Assets	2 698 000	784 000	138 000	333 000
Total Assets	7 382 000	5 124 000	4 623 000	4 961 000
Total Equity	2 322 000	783 000	482 000	650 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 523 000	3 822 000	4 009 000	4 081 000
Creditors	70 000	44 000	0	1 000
Unpaid Taxes	546 000	182 000	45 000	123 000
Dividends	0	0	0	0
Other Current Debt	477 000	206 000	86 000	78 000
Total Current Debt	1 526 000	518 000	131 000	219 000
Total Equity and Debt	7 382 000	5 124 000	4 623 000	4 961 000

Financial indicators	2022	2021	2020	2019
Return on Equity	66,28 %	38,44 %	−35,06 %	9,38 %
Debt-to-Equity Ratio	1,52	4,88	8,32	6,28
Operating Profit Margin	75,13 %	55,97 %	−39,04 %	44,77 %
Current Ratio	1,77	1,51	1,05	1,52
Quick Ratio	1,77	1,51	1,05	1,52
Equity Ratio	0,31	0,15	0,1	0,13
Gross Profit Margin	100 %	100 %	100 %	100 %