FLEX APPLICATIONS INTERNATIONAL AS

0277 OSLO

Finances

Share Ownership

Return on Equity

66,42 %

Current Ratio

1,71

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 180 000	8 055 000	5 922 000	3 792 000
Net Income	2 733 000	1 669 000	1 088 000	632 000
Total Assets	9 537 000	6 380 000	4 042 000	2 406 000
Total Equity	4 115 000	4 478 000	3 201 000	1 806 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 180 000	8 055 000	5 922 000	3 792 000
Expenditure	8 464 000	5 863 000	4 523 000	2 962 000
Operating Profit	3 716 000	2 192 000	1 399 000	831 000
Financial Income	44 000	17 000	36 000	8 000
Financial Costs	142 000	64 000	39 000	26 000
Financial Balance	−98 000	−47 000	−3 000	−18 000
Earnings Before Tax	3 618 000	2 144 000	1 395 000	813 000
Tax	885 000	476 000	307 000	181 000
Net Income	2 733 000	1 669 000	1 088 000	632 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	283 000	4 000	3 000	3 000
Total Current Assets	9 255 000	6 376 000	4 039 000	2 403 000
Total Assets	9 537 000	6 380 000	4 042 000	2 406 000
Total Retained Equity	4 045 000	4 409 000	3 132 000	1 737 000
Total Equity	4 115 000	4 478 000	3 201 000	1 806 000
Total Long-Term Debt	11 000	0	24 000	24 000
Total Current Debt	5 411 000	1 901 000	816 000	576 000
Total Equity and Debt	9 537 000	6 380 000	4 042 000	2 406 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 144 000	8 031 000	5 885 000	3 767 000
Other Income	36 000	24 000	37 000	25 000
Revenue	12 180 000	8 055 000	5 922 000	3 792 000
Cost of Goods Sold	16 000	0	0	0
Salary Costs	5 241 000	4 342 000	3 061 000	2 124 000
Depreciation	22 000	0	0	0
Impairment	0	0	0	0
Expenditure	8 464 000	5 863 000	4 523 000	2 962 000
Operating Profit	3 716 000	2 192 000	1 399 000	831 000
Financial Income	44 000	17 000	36 000	8 000
Financial Costs	142 000	64 000	39 000	26 000
Financial Balance	−98 000	−47 000	−3 000	−18 000
Dividends	0	0	0	0
Net Income	2 733 000	1 669 000	1 088 000	632 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	283 000	4 000	3 000	3 000
Total Tangible Assets	283 000	4 000	3 000	3 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	283 000	4 000	3 000	3 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 734 000	4 839 000	3 182 000	1 856 000
Total Current Assets	9 255 000	6 376 000	4 039 000	2 403 000
Total Assets	9 537 000	6 380 000	4 042 000	2 406 000
Total Equity	4 115 000	4 478 000	3 201 000	1 806 000
Short-Term Group Debt	3 971 000	0	0	0
Total Long-Term Debt	11 000	0	24 000	24 000
Creditors	103 000	65 000	190 000	57 000
Unpaid Taxes	731 000	192 000	220 000	230 000
Dividends	0	0	0	0
Other Current Debt	607 000	1 168 000	262 000	174 000
Total Current Debt	5 411 000	1 901 000	816 000	576 000
Total Equity and Debt	9 537 000	6 380 000	4 042 000	2 406 000

Financial indicators	2022	2021	2020	2019
Return on Equity	66,42 %	37,27 %	33,99 %	34,99 %
Debt-to-Equity Ratio	0	0	0,01	0,01
Operating Profit Margin	30,51 %	27,21 %	23,62 %	21,91 %
Current Ratio	1,71	3,35	4,95	4,17
Quick Ratio	1,71	3,35	4,95	4,17
Equity Ratio	0,43	0,7	0,79	0,75
Gross Profit Margin	99,87 %	100 %	100 %	100 %