ØDEGAARD INVEST AS

6016 ÅLESUND

Finances

Return on Equity

−23,51 %

Current Ratio

3,64

Debt-to-Equity Ratio

13,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 881 000	3 854 000	9 930 000	1 897 000
Net Income	−828 000	245 000	315 000	1 059 000
Total Assets	53 287 000	35 453 000	29 939 000	32 871 000
Total Equity	3 522 000	4 350 000	4 304 000	3 989 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 881 000	3 854 000	9 930 000	1 897 000
Expenditure	4 424 000	3 126 000	8 525 000	1 517 000
Operating Profit	458 000	729 000	1 405 000	380 000
Financial Income	3 000	0	1 000	1 572 000
Financial Costs	1 517 000	413 000	1 002 000	1 038 000
Financial Balance	−1 514 000	−413 000	−1 001 000	534 000
Earnings Before Tax	−1 056 000	315 000	404 000	914 000
Tax	−228 000	70 000	89 000	−145 000
Net Income	−828 000	245 000	315 000	1 059 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	41 055 000	32 272 000	29 482 000	32 395 000
Total Current Assets	12 232 000	3 181 000	457 000	476 000
Total Assets	53 287 000	35 453 000	29 939 000	32 871 000
Total Retained Equity	3 022 000	3 850 000	3 604 000	3 289 000
Total Equity	3 522 000	4 350 000	4 304 000	3 989 000
Total Long-Term Debt	46 400 000	29 178 000	24 266 000	27 865 000
Total Current Debt	3 365 000	1 926 000	1 369 000	1 017 000
Total Equity and Debt	53 287 000	35 453 000	29 939 000	32 871 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 759 000	3 782 000	7 714 000	641 000
Other Income	122 000	72 000	2 216 000	1 256 000
Revenue	4 881 000	3 854 000	9 930 000	1 897 000
Cost of Goods Sold	60 000	0	6 758 000	0
Salary Costs	92 000	281 000	488 000	364 000
Depreciation	790 000	442 000	366 000	333 000
Impairment	0	0	0	0
Expenditure	4 424 000	3 126 000	8 525 000	1 517 000
Operating Profit	458 000	729 000	1 405 000	380 000
Financial Income	3 000	0	1 000	1 572 000
Financial Costs	1 517 000	413 000	1 002 000	1 038 000
Financial Balance	−1 514 000	−413 000	−1 001 000	534 000
Dividends	0	0	0	0
Net Income	−828 000	245 000	315 000	1 059 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	38 130 000	31 876 000	29 427 000	32 286 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 050 000	396 000	55 000	109 000
Total Tangible Assets	40 180 000	32 272 000	29 482 000	32 395 000
Total Fiancial Fixed Assets	875 000	0	0	0
Total Fixed Assets	41 055 000	32 272 000	29 482 000	32 395 000
Stock	4 654 000	0	0	0
Total Investments	0	12 000	0	0
Cash, Bank	6 891 000	2 965 000	229 000	363 000
Total Current Assets	12 232 000	3 181 000	457 000	476 000
Total Assets	53 287 000	35 453 000	29 939 000	32 871 000
Total Equity	3 522 000	4 350 000	4 304 000	3 989 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	46 400 000	29 178 000	24 266 000	27 865 000
Creditors	1 443 000	1 153 000	956 000	878 000
Unpaid Taxes	68 000	12 000	18 000	23 000
Dividends	0	0	0	0
Other Current Debt	1 854 000	760 000	395 000	116 000
Total Current Debt	3 365 000	1 926 000	1 369 000	1 017 000
Total Equity and Debt	53 287 000	35 453 000	29 939 000	32 871 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,51 %	5,63 %	7,32 %	26,55 %
Debt-to-Equity Ratio	13,17	6,71	5,64	6,99
Operating Profit Margin	9,38 %	18,92 %	14,15 %	20,03 %
Current Ratio	3,64	1,65	0,33	0,47
Quick Ratio	−9,49	1,65	0,33	0,47
Equity Ratio	0,07	0,12	0,14	0,12
Gross Profit Margin	98,77 %	100 %	31,94 %	100 %