ØRNHESTAR AS

9109 KVALØYA

Finances

Share Ownership

Return on Equity

1,81 %

Current Ratio

1,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	921 000	1 001 000	906 000	907 000
Net Income	9 000	−9 000	43 000	−1 000
Total Assets	651 000	694 000	793 000	830 000
Total Equity	496 000	487 000	496 000	452 000

Income (NOK)	2022	2021	2020	2019
Revenue	921 000	1 001 000	906 000	907 000
Expenditure	908 000	1 011 000	847 000	909 000
Operating Profit	12 000	−10 000	61 000	−1 000
Financial Income	0	0	0	0
Financial Costs	0	0	3 000	0
Financial Balance	0	0	−3 000	0
Earnings Before Tax	12 000	−11 000	57 000	−1 000
Tax	3 000	−2 000	14 000	0
Net Income	9 000	−9 000	43 000	−1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	406 000	443 000	480 000	487 000
Total Current Assets	245 000	250 000	313 000	343 000
Total Assets	651 000	694 000	793 000	830 000
Total Retained Equity	466 000	457 000	466 000	422 000
Total Equity	496 000	487 000	496 000	452 000
Total Long-Term Debt	0	0	0	2 000
Total Current Debt	155 000	207 000	298 000	376 000
Total Equity and Debt	651 000	694 000	793 000	830 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	921 000	1 001 000	906 000	907 000
Other Income	0	0	0	0
Revenue	921 000	1 001 000	906 000	907 000
Cost of Goods Sold	49 000	158 000	110 000	94 000
Salary Costs	712 000	689 000	490 000	632 000
Depreciation	41 000	41 000	46 000	41 000
Impairment	0	0	0	0
Expenditure	908 000	1 011 000	847 000	909 000
Operating Profit	12 000	−10 000	61 000	−1 000
Financial Income	0	0	0	0
Financial Costs	0	0	3 000	0
Financial Balance	0	0	−3 000	0
Dividends	0	0	0	0
Net Income	9 000	−9 000	43 000	−1 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 000	4 000	0	0
Real Eastate	383 000	408 000	434 000	460 000
Machinery and Plant Facilities	15 000	31 000	0	0
Fixtures	0	0	46 000	28 000
Total Tangible Assets	398 000	439 000	480 000	487 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	406 000	443 000	480 000	487 000
Stock	185 000	185 000	190 000	230 000
Total Investments	0	0	0	0
Cash, Bank	9 000	47 000	83 000	58 000
Total Current Assets	245 000	250 000	313 000	343 000
Total Assets	651 000	694 000	793 000	830 000
Total Equity	496 000	487 000	496 000	452 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	2 000
Creditors	0	13 000	0	32 000
Unpaid Taxes	77 000	71 000	90 000	57 000
Dividends	0	0	0	0
Other Current Debt	72 000	121 000	192 000	284 000
Total Current Debt	155 000	207 000	298 000	376 000
Total Equity and Debt	651 000	694 000	793 000	830 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,81 %	−1,85 %	8,67 %	−0,22 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,3 %	−1 %	6,73 %	−0,11 %
Current Ratio	1,58	1,21	1,05	0,91
Quick Ratio	−8,17	11,36	2,9	2,35
Equity Ratio	0,76	0,7	0,63	0,54
Gross Profit Margin	94,68 %	84,22 %	87,86 %	89,64 %