OLSET ENTREPRENØR AS

6980 ASKVOLL

Finances

Share Ownership

Return on Equity

−29,01 %

Current Ratio

1,34

Debt-to-Equity Ratio

1,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 601 000	11 110 000	11 863 000	12 800 000
Net Income	−418 000	551 000	572 000	738 000
Total Assets	5 438 000	4 999 000	4 727 000	5 707 000
Total Equity	1 441 000	1 725 000	1 274 000	702 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 601 000	11 110 000	11 863 000	12 800 000
Expenditure	10 001 000	10 350 000	11 205 000	11 885 000
Operating Profit	−400 000	760 000	657 000	915 000
Financial Income	0	0	0	0
Financial Costs	124 000	53 000	82 000	178 000
Financial Balance	−124 000	−53 000	−82 000	−178 000
Earnings Before Tax	−524 000	707 000	575 000	738 000
Tax	−106 000	156 000	3 000	0
Net Income	−418 000	551 000	572 000	738 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 907 000	1 809 000	1 841 000	2 220 000
Total Current Assets	2 531 000	3 190 000	2 886 000	3 488 000
Total Assets	5 438 000	4 999 000	4 727 000	5 707 000
Total Retained Equity	478 000	896 000	444 000	−128 000
Total Equity	1 441 000	1 725 000	1 274 000	702 000
Total Long-Term Debt	2 112 000	1 223 000	1 482 000	1 797 000
Total Current Debt	1 885 000	2 051 000	1 971 000	3 208 000
Total Equity and Debt	5 438 000	4 999 000	4 727 000	5 707 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 303 000	10 700 000	11 863 000	12 800 000
Other Income	298 000	410 000	0	0
Revenue	9 601 000	11 110 000	11 863 000	12 800 000
Cost of Goods Sold	3 184 000	3 271 000	3 840 000	4 208 000
Salary Costs	3 121 000	3 507 000	4 046 000	4 274 000
Depreciation	731 000	442 000	383 000	426 000
Impairment	0	0	0	0
Expenditure	10 001 000	10 350 000	11 205 000	11 885 000
Operating Profit	−400 000	760 000	657 000	915 000
Financial Income	0	0	0	0
Financial Costs	124 000	53 000	82 000	178 000
Financial Balance	−124 000	−53 000	−82 000	−178 000
Dividends	0	100 000	0	0
Net Income	−418 000	551 000	572 000	738 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	499 000	512 000	525 000	538 000
Machinery and Plant Facilities	0	365 000	585 000	665 000
Fixtures	1 986 000	441 000	649 000	940 000
Total Tangible Assets	2 485 000	1 317 000	1 760 000	2 143 000
Total Fiancial Fixed Assets	422 000	492 000	81 000	77 000
Total Fixed Assets	2 907 000	1 809 000	1 841 000	2 220 000
Stock	1 068 000	1 377 000	1 129 000	807 000
Total Investments	0	0	0	0
Cash, Bank	49 000	96 000	144 000	91 000
Total Current Assets	2 531 000	3 190 000	2 886 000	3 488 000
Total Assets	5 438 000	4 999 000	4 727 000	5 707 000
Total Equity	1 441 000	1 725 000	1 274 000	702 000
Short-Term Group Debt	100 000	0	0	0
Total Long-Term Debt	2 112 000	1 223 000	1 482 000	1 797 000
Creditors	594 000	628 000	480 000	1 139 000
Unpaid Taxes	318 000	247 000	469 000	583 000
Dividends	0	100 000	0	0
Other Current Debt	429 000	477 000	778 000	688 000
Total Current Debt	1 885 000	2 051 000	1 971 000	3 208 000
Total Equity and Debt	5 438 000	4 999 000	4 727 000	5 707 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−29,01 %	31,94 %	44,9 %	105,13 %
Debt-to-Equity Ratio	1,47	0,71	1,16	2,56
Operating Profit Margin	−4,17 %	6,84 %	5,54 %	7,15 %
Current Ratio	1,34	1,56	1,46	1,09
Quick Ratio	3,1	4,73	3,43	1,45
Equity Ratio	0,26	0,35	0,27	0,12
Gross Profit Margin	66,84 %	70,56 %	67,63 %	67,13 %