ØSTLANDSKE VARMESENTER AS

1266 OSLO

Finances

Share Ownership

Return on Equity

−61,64 %

Current Ratio

0,96

Debt-to-Equity Ratio

24,01

Key figures (NOK)	2020	2019	2018	2017
Revenue	12 659 000	9 087 000	7 515 000	5 443 000
Net Income	−45 000	5 000	48 000	0
Total Assets	5 568 000	4 778 000	2 138 000	1 860 000
Total Equity	73 000	118 000	113 000	65 000

Income (NOK)	2020	2019	2018	2017
Revenue	12 659 000	9 087 000	7 515 000	5 443 000
Expenditure	12 571 000	9 025 000	7 426 000	5 243 000
Operating Profit	88 000	62 000	89 000	200 000
Financial Income	2 000	2 000	1 000	0
Financial Costs	132 000	53 000	22 000	199 000
Financial Balance	−130 000	−51 000	−21 000	−199 000
Earnings Before Tax	−42 000	11 000	68 000	2 000
Tax	3 000	6 000	19 000	2 000
Net Income	−45 000	5 000	48 000	0

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	1 968 000	1 079 000	116 000	140 000
Total Current Assets	3 600 000	3 699 000	2 022 000	1 720 000
Total Assets	5 568 000	4 778 000	2 138 000	1 860 000
Total Retained Equity	−27 000	18 000	13 000	−35 000
Total Equity	73 000	118 000	113 000	65 000
Total Long-Term Debt	1 753 000	847 000	0	0
Total Current Debt	3 742 000	3 813 000	2 025 000	1 795 000
Total Equity and Debt	5 568 000	4 778 000	2 138 000	1 860 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	12 466 000	9 010 000	7 732 000	5 693 000
Other Income	193 000	77 000	−217 000	−250 000
Revenue	12 659 000	9 087 000	7 515 000	5 443 000
Cost of Goods Sold	6 215 000	4 670 000	3 772 000	2 217 000
Salary Costs	4 414 000	3 124 000	2 727 000	1 915 000
Depreciation	335 000	137 000	5 000	3 000
Impairment	0	0	0	0
Expenditure	12 571 000	9 025 000	7 426 000	5 243 000
Operating Profit	88 000	62 000	89 000	200 000
Financial Income	2 000	2 000	1 000	0
Financial Costs	132 000	53 000	22 000	199 000
Financial Balance	−130 000	−51 000	−21 000	−199 000
Dividends	0	0	0	0
Net Income	−45 000	5 000	48 000	0

Balance details (NOK)	2020	2019	2018	2017
Goodwill	0	0	0	0
Total Intangible Assets	0	31 000	37 000	27 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 968 000	1 009 000	58 000	0
Total Tangible Assets	1 968 000	1 009 000	58 000	0
Total Fiancial Fixed Assets	0	39 000	21 000	113 000
Total Fixed Assets	1 968 000	1 079 000	116 000	140 000
Stock	1 000 000	1 230 000	375 000	356 000
Total Investments	0	0	0	0
Cash, Bank	−278 000	91 000	95 000	437 000
Total Current Assets	3 600 000	3 699 000	2 022 000	1 720 000
Total Assets	5 568 000	4 778 000	2 138 000	1 860 000
Total Equity	73 000	118 000	113 000	65 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 753 000	847 000	0	0
Creditors	2 346 000	2 677 000	713 000	613 000
Unpaid Taxes	840 000	597 000	766 000	945 000
Dividends	0	0	0	0
Other Current Debt	556 000	539 000	517 000	237 000
Total Current Debt	3 742 000	3 813 000	2 025 000	1 795 000
Total Equity and Debt	5 568 000	4 778 000	2 138 000	1 860 000

Financial indicators	2020	2019	2018	2017
Return on Equity	−61,64 %	4,24 %	42,48 %	0 %
Debt-to-Equity Ratio	24,01	7,18	0	0
Operating Profit Margin	0,7 %	0,68 %	1,18 %	3,67 %
Current Ratio	0,96	0,97	1	0,96
Quick Ratio	1,31	1,43	1,23	1,2
Equity Ratio	0,01	0,02	0,05	0,03
Gross Profit Margin	50,9 %	48,61 %	49,81 %	59,27 %