FINNSNES RØR OG ELEKTRO AS

9300 FINNSNES

Finances

Share Ownership

Return on Equity

−622,47 %

Current Ratio

1,1

Debt-to-Equity Ratio

4,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 535 000	37 399 000	30 560 000	39 970 000
Net Income	−1 662 000	715 000	−1 117 000	881 000
Total Assets	9 964 000	12 258 000	6 910 000	10 975 000
Total Equity	267 000	1 929 000	1 214 000	2 317 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 535 000	37 399 000	30 560 000	39 970 000
Expenditure	45 531 000	36 402 000	31 961 000	38 861 000
Operating Profit	−1 996 000	996 000	−1 401 000	1 110 000
Financial Income	39 000	14 000	28 000	119 000
Financial Costs	173 000	94 000	59 000	99 000
Financial Balance	−134 000	−80 000	−31 000	20 000
Earnings Before Tax	−2 130 000	916 000	−1 432 000	1 130 000
Tax	−469 000	202 000	−315 000	249 000
Net Income	−1 662 000	715 000	−1 117 000	881 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	570 000	416 000	183 000	229 000
Total Current Assets	9 394 000	11 842 000	6 727 000	10 746 000
Total Assets	9 964 000	12 258 000	6 910 000	10 975 000
Total Retained Equity	−288 000	1 374 000	659 000	1 776 000
Total Equity	267 000	1 929 000	1 214 000	2 317 000
Total Long-Term Debt	1 129 000	1 571 000	570 000	1 081 000
Total Current Debt	8 567 000	8 758 000	5 126 000	7 577 000
Total Equity and Debt	9 964 000	12 258 000	6 910 000	10 975 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	43 462 000	37 241 000	30 294 000	39 950 000
Other Income	73 000	157 000	266 000	20 000
Revenue	43 535 000	37 399 000	30 560 000	39 970 000
Cost of Goods Sold	24 349 000	18 058 000	12 186 000	18 996 000
Salary Costs	16 256 000	13 981 000	15 364 000	15 399 000
Depreciation	65 000	77 000	93 000	78 000
Impairment	0	0	0	0
Expenditure	45 531 000	36 402 000	31 961 000	38 861 000
Operating Profit	−1 996 000	996 000	−1 401 000	1 110 000
Financial Income	39 000	14 000	28 000	119 000
Financial Costs	173 000	94 000	59 000	99 000
Financial Balance	−134 000	−80 000	−31 000	20 000
Dividends	0	0	0	0
Net Income	−1 662 000	715 000	−1 117 000	881 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	247 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	3 000	18 000
Fixtures	59 000	101 000	133 000	211 000
Total Tangible Assets	59 000	101 000	136 000	229 000
Total Fiancial Fixed Assets	263 000	316 000	47 000	0
Total Fixed Assets	570 000	416 000	183 000	229 000
Stock	474 000	495 000	623 000	613 000
Total Investments	0	0	0	0
Cash, Bank	1 866 000	2 283 000	1 924 000	2 416 000
Total Current Assets	9 394 000	11 842 000	6 727 000	10 746 000
Total Assets	9 964 000	12 258 000	6 910 000	10 975 000
Total Equity	267 000	1 929 000	1 214 000	2 317 000
Short-Term Group Debt	914 000	914 000	948 000	1 146 000
Total Long-Term Debt	1 129 000	1 571 000	570 000	1 081 000
Creditors	2 656 000	3 373 000	1 165 000	3 375 000
Unpaid Taxes	2 348 000	1 797 000	1 482 000	1 496 000
Dividends	0	0	0	0
Other Current Debt	1 989 000	1 711 000	1 531 000	1 560 000
Total Current Debt	8 567 000	8 758 000	5 126 000	7 577 000
Total Equity and Debt	9 964 000	12 258 000	6 910 000	10 975 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−622,47 %	37,07 %	−92,01 %	38,02 %
Debt-to-Equity Ratio	4,23	0,81	0,47	0,47
Operating Profit Margin	−4,58 %	2,66 %	−4,58 %	2,78 %
Current Ratio	1,1	1,35	1,31	1,42
Quick Ratio	1,16	1,43	1,49	1,54
Equity Ratio	0,03	0,16	0,18	0,21
Gross Profit Margin	44,07 %	51,72 %	60,12 %	52,47 %