ØYVIND KULSETH AS

7584 SELBUSTRAND

Finances

Share Ownership

Return on Equity

32,71 %

Current Ratio

1,28

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 496 000	979 000	1 181 000	511 000
Net Income	87 000	−6 000	281 000	8 000
Total Assets	420 000	273 000	621 000	544 000
Total Equity	266 000	179 000	185 000	−96 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 496 000	979 000	1 181 000	511 000
Expenditure	1 384 000	988 000	833 000	502 000
Operating Profit	112 000	−8 000	348 000	8 000
Financial Income	0	0	1 000	0
Financial Costs	0	0	29 000	0
Financial Balance	0	0	−28 000	0
Earnings Before Tax	112 000	−8 000	320 000	8 000
Tax	25 000	−2 000	39 000	0
Net Income	87 000	−6 000	281 000	8 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	259 000	123 000	141 000	351 000
Total Current Assets	161 000	150 000	480 000	193 000
Total Assets	420 000	273 000	621 000	544 000
Total Retained Equity	236 000	149 000	155 000	−126 000
Total Equity	266 000	179 000	185 000	−96 000
Total Long-Term Debt	28 000	32 000	39 000	0
Total Current Debt	126 000	62 000	397 000	640 000
Total Equity and Debt	420 000	273 000	621 000	544 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 496 000	979 000	1 068 000	511 000
Other Income	0	0	113 000	0
Revenue	1 496 000	979 000	1 181 000	511 000
Cost of Goods Sold	1 060 000	772 000	598 000	255 000
Salary Costs	0	0	0	0
Depreciation	52 000	53 000	73 000	106 000
Impairment	0	0	0	0
Expenditure	1 384 000	988 000	833 000	502 000
Operating Profit	112 000	−8 000	348 000	8 000
Financial Income	0	0	1 000	0
Financial Costs	0	0	29 000	0
Financial Balance	0	0	−28 000	0
Dividends	0	0	0	0
Net Income	87 000	−6 000	281 000	8 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	259 000	123 000	141 000	211 000
Fixtures	0	0	0	141 000
Total Tangible Assets	259 000	123 000	141 000	351 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	259 000	123 000	141 000	351 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	160 000	98 000	275 000	193 000
Total Current Assets	161 000	150 000	480 000	193 000
Total Assets	420 000	273 000	621 000	544 000
Total Equity	266 000	179 000	185 000	−96 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	28 000	32 000	39 000	0
Creditors	62 000	35 000	215 000	51 000
Unpaid Taxes	34 000	3 000	182 000	43 000
Dividends	0	0	0	0
Other Current Debt	1 000	19 000	0	546 000
Total Current Debt	126 000	62 000	397 000	640 000
Total Equity and Debt	420 000	273 000	621 000	544 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,71 %	−3,35 %	151,89 %	−8,33 %
Debt-to-Equity Ratio	0,11	0,18	0,21	−0
Operating Profit Margin	7,49 %	−0,82 %	29,47 %	1,57 %
Current Ratio	1,28	2,42	1,21	0,3
Quick Ratio	1,28	2,42	1,21	0,3
Equity Ratio	0,63	0,66	0,3	−0,18
Gross Profit Margin	29,14 %	21,14 %	49,36 %	50,1 %