FINNSKOGEN SKOGSERVICE AS

2283 ÅSNES FINNSKOG

Finances

Share Ownership

Return on Equity

−11,54 %

Current Ratio

1,92

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 307 000	2 454 000	2 759 000	3 901 000
Net Income	−179 000	−434 000	−496 000	−4 000
Total Assets	2 263 000	2 133 000	2 879 000	3 950 000
Total Equity	1 551 000	1 730 000	2 084 000	2 581 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 307 000	2 454 000	2 759 000	3 901 000
Expenditure	3 526 000	2 996 000	3 376 000	3 892 000
Operating Profit	−220 000	−542 000	−617 000	9 000
Financial Income	3 000	1 000	6 000	15 000
Financial Costs	12 000	16 000	25 000	29 000
Financial Balance	−9 000	−15 000	−19 000	−14 000
Earnings Before Tax	−228 000	−557 000	−636 000	−5 000
Tax	−49 000	−122 000	−140 000	−1 000
Net Income	−179 000	−434 000	−496 000	−4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 059 000	1 486 000	1 684 000	2 138 000
Total Current Assets	1 204 000	647 000	1 194 000	1 812 000
Total Assets	2 263 000	2 133 000	2 879 000	3 950 000
Total Retained Equity	1 451 000	1 630 000	1 984 000	2 481 000
Total Equity	1 551 000	1 730 000	2 084 000	2 581 000
Total Long-Term Debt	84 000	190 000	414 000	718 000
Total Current Debt	628 000	213 000	380 000	651 000
Total Equity and Debt	2 263 000	2 133 000	2 879 000	3 950 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 307 000	2 454 000	2 717 000	3 815 000
Other Income	0	0	41 000	86 000
Revenue	3 307 000	2 454 000	2 759 000	3 901 000
Cost of Goods Sold	406 000	0	158 000	0
Salary Costs	798 000	755 000	1 086 000	1 196 000
Depreciation	239 000	190 000	178 000	174 000
Impairment	0	0	0	0
Expenditure	3 526 000	2 996 000	3 376 000	3 892 000
Operating Profit	−220 000	−542 000	−617 000	9 000
Financial Income	3 000	1 000	6 000	15 000
Financial Costs	12 000	16 000	25 000	29 000
Financial Balance	−9 000	−15 000	−19 000	−14 000
Dividends	0	0	0	100 000
Net Income	−179 000	−434 000	−496 000	−4 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	50 000	1 000	0	0
Real Eastate	439 000	469 000	499 000	525 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	307 000	488 000	388 000	540 000
Total Tangible Assets	747 000	957 000	887 000	1 065 000
Total Fiancial Fixed Assets	262 000	529 000	798 000	1 073 000
Total Fixed Assets	1 059 000	1 486 000	1 684 000	2 138 000
Stock	94 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	716 000	380 000	971 000	1 246 000
Total Current Assets	1 204 000	647 000	1 194 000	1 812 000
Total Assets	2 263 000	2 133 000	2 879 000	3 950 000
Total Equity	1 551 000	1 730 000	2 084 000	2 581 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	84 000	190 000	414 000	718 000
Creditors	429 000	96 000	108 000	117 000
Unpaid Taxes	122 000	45 000	115 000	215 000
Dividends	0	0	0	100 000
Other Current Debt	77 000	72 000	157 000	156 000
Total Current Debt	628 000	213 000	380 000	651 000
Total Equity and Debt	2 263 000	2 133 000	2 879 000	3 950 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,54 %	−25,09 %	−23,8 %	−0,15 %
Debt-to-Equity Ratio	0,05	0,11	0,2	0,28
Operating Profit Margin	−6,65 %	−22,09 %	−22,36 %	0,23 %
Current Ratio	1,92	3,04	3,14	2,78
Quick Ratio	2,25	3,04	3,14	2,78
Equity Ratio	0,69	0,81	0,72	0,65
Gross Profit Margin	87,72 %	100 %	94,27 %	100 %