FAVO AS

5582 ØLENSVÅG

Finances

Share Ownership

Return on Equity

95,47 %

Current Ratio

1,76

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 337 000	16 531 000	14 738 000	12 173 000
Net Income	3 265 000	3 333 000	4 155 000	3 427 000
Total Assets	7 335 000	6 938 000	9 385 000	7 786 000
Total Equity	3 420 000	3 455 000	2 822 000	1 967 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 337 000	16 531 000	14 738 000	12 173 000
Expenditure	14 234 000	12 338 000	9 485 000	7 837 000
Operating Profit	4 104 000	4 194 000	5 253 000	4 336 000
Financial Income	37 000	12 000	30 000	30 000
Financial Costs	36 000	37 000	19 000	11 000
Financial Balance	1 000	−25 000	11 000	19 000
Earnings Before Tax	4 105 000	4 169 000	5 264 000	4 356 000
Tax	840 000	836 000	1 109 000	928 000
Net Income	3 265 000	3 333 000	4 155 000	3 427 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	443 000	97 000	89 000	6 000
Total Current Assets	6 892 000	6 840 000	9 296 000	7 781 000
Total Assets	7 335 000	6 938 000	9 385 000	7 786 000
Total Retained Equity	3 316 000	3 350 000	2 717 000	1 862 000
Total Equity	3 420 000	3 455 000	2 822 000	1 967 000
Total Long-Term Debt	9 000	0	0	0
Total Current Debt	3 906 000	3 483 000	6 563 000	5 819 000
Total Equity and Debt	7 335 000	6 938 000	9 385 000	7 786 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 248 000	16 483 000	14 728 000	12 118 000
Other Income	90 000	48 000	11 000	54 000
Revenue	18 337 000	16 531 000	14 738 000	12 173 000
Cost of Goods Sold	258 000	417 000	175 000	73 000
Salary Costs	10 241 000	8 755 000	6 421 000	5 196 000
Depreciation	87 000	27 000	15 000	7 000
Impairment	0	0	0	0
Expenditure	14 234 000	12 338 000	9 485 000	7 837 000
Operating Profit	4 104 000	4 194 000	5 253 000	4 336 000
Financial Income	37 000	12 000	30 000	30 000
Financial Costs	36 000	37 000	19 000	11 000
Financial Balance	1 000	−25 000	11 000	19 000
Dividends	3 300 000	2 700 000	3 300 000	3 300 000
Net Income	3 265 000	3 333 000	4 155 000	3 427 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	9 000	9 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	443 000	89 000	80 000	6 000
Total Tangible Assets	443 000	89 000	80 000	6 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	443 000	97 000	89 000	6 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 317 000	4 648 000	7 720 000	6 601 000
Total Current Assets	6 892 000	6 840 000	9 296 000	7 781 000
Total Assets	7 335 000	6 938 000	9 385 000	7 786 000
Total Equity	3 420 000	3 455 000	2 822 000	1 967 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 000	0	0	0
Creditors	654 000	425 000	393 000	214 000
Unpaid Taxes	1 498 000	1 452 000	1 132 000	829 000
Dividends	3 300 000	2 700 000	3 300 000	3 300 000
Other Current Debt	932 000	771 000	620 000	549 000
Total Current Debt	3 906 000	3 483 000	6 563 000	5 819 000
Total Equity and Debt	7 335 000	6 938 000	9 385 000	7 786 000

Financial indicators	2022	2021	2020	2019
Return on Equity	95,47 %	96,47 %	147,24 %	174,22 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	22,38 %	25,37 %	35,64 %	35,62 %
Current Ratio	1,76	1,96	1,42	1,34
Quick Ratio	1,76	1,96	1,42	1,34
Equity Ratio	0,47	0,5	0,3	0,25
Gross Profit Margin	98,59 %	97,48 %	98,81 %	99,4 %