HELGE R OLSEN HOLDING AS

1169 OSLO

Finances

Return on Equity

46,11 %

Current Ratio

1,11

Debt-to-Equity Ratio

1,76

Key figures (NOK)	2022	2021	2020	2019
Revenue	121 111 000	124 886 000	133 791 000	133 871 000
Net Income	6 464 000	3 126 000	2 746 000	−3 499 000
Total Assets	60 365 000	60 428 000	69 993 000	75 427 000
Total Equity	14 019 000	7 488 000	9 683 000	15 591 000

Income (NOK)	2022	2021	2020	2019
Revenue	121 111 000	124 886 000	133 791 000	133 871 000
Expenditure	111 596 000	119 353 000	131 934 000	137 803 000
Operating Profit	9 517 000	5 532 000	1 857 000	−3 931 000
Financial Income	513 000	548 000	3 308 000	2 173 000
Financial Costs	1 980 000	2 022 000	2 253 000	2 725 000
Financial Balance	−1 467 000	−1 474 000	1 055 000	−552 000
Earnings Before Tax	8 049 000	4 058 000	2 912 000	−4 483 000
Tax	1 586 000	932 000	166 000	−984 000
Net Income	6 464 000	3 126 000	2 746 000	−3 499 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	36 267 000	40 744 000	44 237 000	53 782 000
Total Current Assets	24 098 000	19 684 000	25 756 000	21 645 000
Total Assets	60 365 000	60 428 000	69 993 000	75 427 000
Total Retained Equity	11 058 000	4 527 000	6 722 000	12 630 000
Total Equity	14 019 000	7 488 000	9 683 000	15 591 000
Total Long-Term Debt	24 626 000	28 724 000	32 872 000	33 759 000
Total Current Debt	21 721 000	24 215 000	27 438 000	26 078 000
Total Equity and Debt	60 365 000	60 428 000	69 993 000	75 427 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	114 111 000	123 013 000	133 281 000	132 760 000
Other Income	7 000 000	1 873 000	509 000	1 112 000
Revenue	121 111 000	124 886 000	133 791 000	133 871 000
Cost of Goods Sold	58 107 000	60 339 000	51 076 000	59 415 000
Salary Costs	26 000 000	30 218 000	44 363 000	36 836 000
Depreciation	3 425 000	4 703 000	5 952 000	6 532 000
Impairment	0	0	0	0
Expenditure	111 596 000	119 353 000	131 934 000	137 803 000
Operating Profit	9 517 000	5 532 000	1 857 000	−3 931 000
Financial Income	513 000	548 000	3 308 000	2 173 000
Financial Costs	1 980 000	2 022 000	2 253 000	2 725 000
Financial Balance	−1 467 000	−1 474 000	1 055 000	−552 000
Dividends	0	0	0	0
Net Income	6 464 000	3 126 000	2 746 000	−3 499 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	68 000	75 000
Real Eastate	26 202 000	27 382 000	26 543 000	27 715 000
Machinery and Plant Facilities	0	9 401 000	13 338 000	12 015 000
Fixtures	9 653 000	1 168 000	1 227 000	1 907 000
Total Tangible Assets	35 854 000	37 950 000	41 108 000	41 637 000
Total Fiancial Fixed Assets	413 000	2 793 000	3 062 000	12 071 000
Total Fixed Assets	36 267 000	40 744 000	44 237 000	53 782 000
Stock	135 000	30 000	22 000	24 000
Total Investments	0	0	0	0
Cash, Bank	9 437 000	3 772 000	8 476 000	3 897 000
Total Current Assets	24 098 000	19 684 000	25 756 000	21 645 000
Total Assets	60 365 000	60 428 000	69 993 000	75 427 000
Total Equity	14 019 000	7 488 000	9 683 000	15 591 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	24 626 000	28 724 000	32 872 000	33 759 000
Creditors	6 017 000	6 200 000	7 354 000	7 650 000
Unpaid Taxes	1 938 000	2 522 000	5 086 000	2 897 000
Dividends	0	0	0	0
Other Current Debt	4 392 000	6 776 000	6 630 000	7 172 000
Total Current Debt	21 721 000	24 215 000	27 438 000	26 078 000
Total Equity and Debt	60 365 000	60 428 000	69 993 000	75 427 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,11 %	41,75 %	28,36 %	−22,44 %
Debt-to-Equity Ratio	1,76	3,84	3,39	2,17
Operating Profit Margin	7,86 %	4,43 %	1,39 %	−2,94 %
Current Ratio	1,11	0,81	0,94	0,83
Quick Ratio	1,12	0,81	0,94	0,83
Equity Ratio	0,23	0,12	0,14	0,21
Gross Profit Margin	52,02 %	51,68 %	61,82 %	55,62 %