ØRSNES VASSVERK AS

8310 KABELVÅG

Finances

Share Ownership

Return on Equity

10,21 %

Current Ratio

6,76

Debt-to-Equity Ratio

4,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 038 000	808 000	745 000	748 000
Net Income	122 000	60 000	49 000	83 000
Total Assets	6 942 000	5 581 000	5 718 000	5 958 000
Total Equity	1 195 000	1 073 000	1 012 000	964 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 038 000	808 000	745 000	748 000
Expenditure	717 000	607 000	528 000	474 000
Operating Profit	322 000	202 000	218 000	274 000
Financial Income	3 000	2 000	3 000	3 000
Financial Costs	202 000	144 000	172 000	194 000
Financial Balance	−199 000	−142 000	−169 000	−191 000
Earnings Before Tax	122 000	60 000	49 000	83 000
Tax	0	0	0	0
Net Income	122 000	60 000	49 000	83 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 955 000	5 145 000	5 353 000	5 561 000
Total Current Assets	987 000	436 000	365 000	397 000
Total Assets	6 942 000	5 581 000	5 718 000	5 958 000
Total Retained Equity	173 000	51 000	−9 000	−58 000
Total Equity	1 195 000	1 073 000	1 012 000	964 000
Total Long-Term Debt	5 601 000	4 231 000	4 460 000	4 689 000
Total Current Debt	146 000	277 000	246 000	305 000
Total Equity and Debt	6 942 000	5 581 000	5 718 000	5 958 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	887 000	807 000	743 000	743 000
Other Income	150 000	2 000	2 000	5 000
Revenue	1 038 000	808 000	745 000	748 000
Cost of Goods Sold	150 000	0	0	0
Salary Costs	116 000	157 000	53 000	55 000
Depreciation	215 000	208 000	208 000	208 000
Impairment	0	0	0	0
Expenditure	717 000	607 000	528 000	474 000
Operating Profit	322 000	202 000	218 000	274 000
Financial Income	3 000	2 000	3 000	3 000
Financial Costs	202 000	144 000	172 000	194 000
Financial Balance	−199 000	−142 000	−169 000	−191 000
Dividends	0	0	0	0
Net Income	122 000	60 000	49 000	83 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 955 000	5 145 000	5 353 000	5 561 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	5 955 000	5 145 000	5 353 000	5 561 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 955 000	5 145 000	5 353 000	5 561 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	846 000	405 000	333 000	369 000
Total Current Assets	987 000	436 000	365 000	397 000
Total Assets	6 942 000	5 581 000	5 718 000	5 958 000
Total Equity	1 195 000	1 073 000	1 012 000	964 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 601 000	4 231 000	4 460 000	4 689 000
Creditors	20 000	23 000	40 000	68 000
Unpaid Taxes	0	142 000	119 000	133 000
Dividends	0	0	0	0
Other Current Debt	126 000	112 000	87 000	104 000
Total Current Debt	146 000	277 000	246 000	305 000
Total Equity and Debt	6 942 000	5 581 000	5 718 000	5 958 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,21 %	5,59 %	4,84 %	8,61 %
Debt-to-Equity Ratio	4,69	3,94	4,41	4,86
Operating Profit Margin	31,02 %	25 %	29,26 %	36,63 %
Current Ratio	6,76	1,57	1,48	1,3
Quick Ratio	6,76	1,57	1,48	1,3
Equity Ratio	0,17	0,19	0,18	0,16
Gross Profit Margin	85,55 %	100 %	100 %	100 %