FLOWPOWER NORWAY AS

4006 STAVANGER

Finances

Share Ownership

Return on Equity

−3,58 %

Current Ratio

3,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 070 000	1 400 000	3 711 000	2 912 000
Net Income	−489 000	844 000	3 381 000	1 710 000
Total Assets	14 217 000	27 493 000	47 492 000	64 043 000
Total Equity	13 676 000	27 165 000	30 621 000	43 540 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 070 000	1 400 000	3 711 000	2 912 000
Expenditure	2 175 000	1 484 000	1 552 000	3 364 000
Operating Profit	−105 000	−84 000	2 159 000	−453 000
Financial Income	310 000	1 202 000	2 283 000	3 143 000
Financial Costs	151 000	36 000	108 000	498 000
Financial Balance	159 000	1 166 000	2 175 000	2 645 000
Earnings Before Tax	53 000	1 082 000	4 334 000	2 192 000
Tax	542 000	238 000	954 000	482 000
Net Income	−489 000	844 000	3 381 000	1 710 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 549 000	18 135 000	32 511 000	59 857 000
Total Current Assets	1 668 000	9 357 000	14 982 000	4 186 000
Total Assets	14 217 000	27 493 000	47 492 000	64 043 000
Total Retained Equity	436 000	925 000	81 000	0
Total Equity	13 676 000	27 165 000	30 621 000	43 540 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	541 000	327 000	16 872 000	20 503 000
Total Equity and Debt	14 217 000	27 493 000	47 492 000	64 043 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 070 000	1 400 000	1 854 000	2 436 000
Other Income	0	0	1 856 000	475 000
Revenue	2 070 000	1 400 000	3 711 000	2 912 000
Cost of Goods Sold	1 951 000	1 253 000	1 280 000	2 287 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 175 000	1 484 000	1 552 000	3 364 000
Operating Profit	−105 000	−84 000	2 159 000	−453 000
Financial Income	310 000	1 202 000	2 283 000	3 143 000
Financial Costs	151 000	36 000	108 000	498 000
Financial Balance	159 000	1 166 000	2 175 000	2 645 000
Dividends	0	0	3 300 000	12 000 000
Net Income	−489 000	844 000	3 381 000	1 710 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	189 000	487 000	530 000	935 000
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	12 361 000	17 648 000	31 980 000	58 922 000
Total Fixed Assets	12 549 000	18 135 000	32 511 000	59 857 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	780 000	8 383 000	14 590 000	3 595 000
Total Current Assets	1 668 000	9 357 000	14 982 000	4 186 000
Total Assets	14 217 000	27 493 000	47 492 000	64 043 000
Total Equity	13 676 000	27 165 000	30 621 000	43 540 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	391 000	177 000	262 000	364 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	3 300 000	12 000 000
Other Current Debt	150 000	150 000	13 099 000	8 139 000
Total Current Debt	541 000	327 000	16 872 000	20 503 000
Total Equity and Debt	14 217 000	27 493 000	47 492 000	64 043 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,58 %	3,11 %	11,04 %	3,93 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−5,07 %	−6 %	58,18 %	−15,56 %
Current Ratio	3,08	28,61	0,89	0,2
Quick Ratio	3,08	28,61	0,89	0,2
Equity Ratio	0,96	0,99	0,64	0,68
Gross Profit Margin	5,75 %	10,5 %	65,51 %	21,46 %