ØKOVARME AS

8285 LEINES

Finances

Share Ownership

Return on Equity

114,91 %

Current Ratio

1,06

Debt-to-Equity Ratio

0,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	814 000	434 000	791 000	835 000
Net Income	131 000	−65 000	3 000	−12 000
Total Assets	423 000	327 000	387 000	363 000
Total Equity	114 000	−17 000	49 000	46 000

Income (NOK)	2022	2021	2020	2019
Revenue	814 000	434 000	791 000	835 000
Expenditure	633 000	508 000	767 000	827 000
Operating Profit	181 000	−73 000	23 000	9 000
Financial Income	0	0	0	0
Financial Costs	13 000	10 000	20 000	25 000
Financial Balance	−13 000	−10 000	−20 000	−25 000
Earnings Before Tax	168 000	−84 000	3 000	−16 000
Tax	37 000	−18 000	1 000	−3 000
Net Income	131 000	−65 000	3 000	−12 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	141 000	201 000	210 000	242 000
Total Current Assets	283 000	126 000	177 000	121 000
Total Assets	423 000	327 000	387 000	363 000
Total Retained Equity	84 000	−47 000	19 000	16 000
Total Equity	114 000	−17 000	49 000	46 000
Total Long-Term Debt	41 000	85 000	112 000	151 000
Total Current Debt	268 000	259 000	226 000	165 000
Total Equity and Debt	423 000	327 000	387 000	363 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	814 000	434 000	791 000	835 000
Other Income	0	0	0	0
Revenue	814 000	434 000	791 000	835 000
Cost of Goods Sold	455 000	288 000	568 000	586 000
Salary Costs	0	0	0	0
Depreciation	23 000	27 000	31 000	35 000
Impairment	0	0	0	0
Expenditure	633 000	508 000	767 000	827 000
Operating Profit	181 000	−73 000	23 000	9 000
Financial Income	0	0	0	0
Financial Costs	13 000	10 000	20 000	25 000
Financial Balance	−13 000	−10 000	−20 000	−25 000
Dividends	0	0	0	0
Net Income	131 000	−65 000	3 000	−12 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	56 000	38 000	38 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	122 000	145 000	172 000	203 000
Total Tangible Assets	122 000	145 000	172 000	203 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	141 000	201 000	210 000	242 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	240 000	121 000	140 000	69 000
Total Current Assets	283 000	126 000	177 000	121 000
Total Assets	423 000	327 000	387 000	363 000
Total Equity	114 000	−17 000	49 000	46 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	41 000	85 000	112 000	151 000
Creditors	150 000	156 000	64 000	−8 000
Unpaid Taxes	50 000	17 000	42 000	52 000
Dividends	0	0	0	0
Other Current Debt	69 000	87 000	120 000	122 000
Total Current Debt	268 000	259 000	226 000	165 000
Total Equity and Debt	423 000	327 000	387 000	363 000

Financial indicators	2022	2021	2020	2019
Return on Equity	114,91 %	382,35 %	6,12 %	−26,09 %
Debt-to-Equity Ratio	0,36	−5	2,29	3,28
Operating Profit Margin	22,24 %	−16,82 %	2,91 %	1,08 %
Current Ratio	1,06	0,49	0,78	0,73
Quick Ratio	1,06	0,49	0,78	0,73
Equity Ratio	0,27	−0,05	0,13	0,13
Gross Profit Margin	44,1 %	33,64 %	28,19 %	29,82 %