FAVUSEAL STEEL AS

1351 RUD

Finances

Share Ownership

Return on Equity

91,43 %

Current Ratio

1,48

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 732 000	15 709 000	45 621 000	11 869 000
Net Income	7 203 000	2 619 000	22 589 000	4 422 000
Total Assets	24 223 000	19 354 000	23 999 000	12 443 000
Total Equity	7 878 000	11 317 000	8 697 000	2 069 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 732 000	15 709 000	45 621 000	11 869 000
Expenditure	13 183 000	10 500 000	15 776 000	6 369 000
Operating Profit	8 944 000	3 760 000	30 971 000	5 796 000
Financial Income	401 000	706 000	1 655 000	13 000
Financial Costs	110 000	1 108 000	3 663 000	140 000
Financial Balance	291 000	−402 000	−2 008 000	−127 000
Earnings Before Tax	9 235 000	3 358 000	28 962 000	5 669 000
Tax	2 032 000	739 000	6 373 000	1 247 000
Net Income	7 203 000	2 619 000	22 589 000	4 422 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	27 000
Total Current Assets	24 223 000	19 354 000	23 999 000	12 416 000
Total Assets	24 223 000	19 354 000	23 999 000	12 443 000
Total Retained Equity	7 848 000	11 287 000	8 667 000	2 039 000
Total Equity	7 878 000	11 317 000	8 697 000	2 069 000
Total Long-Term Debt	0	0	0	402 000
Total Current Debt	16 345 000	8 037 000	15 302 000	9 972 000
Total Equity and Debt	24 223 000	19 354 000	23 999 000	12 443 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 732 000	15 709 000	45 621 000	11 869 000
Other Income	0	0	0	0
Revenue	20 732 000	15 709 000	45 621 000	11 869 000
Cost of Goods Sold	12 166 000	10 104 000	15 601 000	6 158 000
Salary Costs	795 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	13 183 000	10 500 000	15 776 000	6 369 000
Operating Profit	8 944 000	3 760 000	30 971 000	5 796 000
Financial Income	401 000	706 000	1 655 000	13 000
Financial Costs	110 000	1 108 000	3 663 000	140 000
Financial Balance	291 000	−402 000	−2 008 000	−127 000
Dividends	0	0	10 000 000	0
Net Income	7 203 000	2 619 000	22 589 000	4 422 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	27 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	27 000
Stock	3 640 000	2 245 000	3 693 000	2 566 000
Total Investments	0	0	0	0
Cash, Bank	3 195 000	4 893 000	10 798 000	3 341 000
Total Current Assets	24 223 000	19 354 000	23 999 000	12 416 000
Total Assets	24 223 000	19 354 000	23 999 000	12 443 000
Total Equity	7 878 000	11 317 000	8 697 000	2 069 000
Short-Term Group Debt	10 823 000	6 930 000	8 337 000	3 090 000
Total Long-Term Debt	0	0	0	402 000
Creditors	144 000	16 000	495 000	3 448 000
Unpaid Taxes	484 000	352 000	163 000	641 000
Dividends	0	0	10 000 000	0
Other Current Debt	3 043 000	0	0	2 208 000
Total Current Debt	16 345 000	8 037 000	15 302 000	9 972 000
Total Equity and Debt	24 223 000	19 354 000	23 999 000	12 443 000

Financial indicators	2022	2021	2020	2019
Return on Equity	91,43 %	23,14 %	259,73 %	213,73 %
Debt-to-Equity Ratio	0	0	0	0,19
Operating Profit Margin	43,14 %	23,94 %	67,89 %	48,83 %
Current Ratio	1,48	2,41	1,57	1,25
Quick Ratio	1,91	3,34	2,07	1,68
Equity Ratio	0,33	0,58	0,36	0,17
Gross Profit Margin	41,32 %	35,68 %	65,8 %	48,12 %