PASSION4FOOD AS

4331 ÅLGÅRD

Finances

Return on Equity

32,14 %

Current Ratio

1,98

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 295 000	5 103 000	5 063 000	5 467 000
Net Income	585 000	419 000	692 000	859 000
Total Assets	3 329 000	2 873 000	2 845 000	2 367 000
Total Equity	1 820 000	1 636 000	1 429 000	1 337 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 295 000	5 103 000	5 063 000	5 467 000
Expenditure	7 843 000	4 526 000	4 090 000	4 525 000
Operating Profit	453 000	577 000	972 000	942 000
Financial Income	223 000	23 000	9 000	145 000
Financial Costs	34 000	59 000	94 000	17 000
Financial Balance	189 000	−36 000	−85 000	128 000
Earnings Before Tax	642 000	541 000	888 000	1 070 000
Tax	57 000	122 000	196 000	211 000
Net Income	585 000	419 000	692 000	859 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	921 000	1 096 000	766 000	139 000
Total Current Assets	2 408 000	1 776 000	2 079 000	2 227 000
Total Assets	3 329 000	2 873 000	2 845 000	2 367 000
Total Retained Equity	1 799 000	1 615 000	1 408 000	1 316 000
Total Equity	1 820 000	1 636 000	1 429 000	1 337 000
Total Long-Term Debt	292 000	392 000	492 000	0
Total Current Debt	1 217 000	845 000	925 000	1 030 000
Total Equity and Debt	3 329 000	2 873 000	2 845 000	2 367 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 295 000	5 103 000	5 063 000	5 467 000
Other Income	0	0	0	0
Revenue	8 295 000	5 103 000	5 063 000	5 467 000
Cost of Goods Sold	3 572 000	1 201 000	1 115 000	1 592 000
Salary Costs	2 456 000	1 935 000	1 983 000	1 980 000
Depreciation	250 000	179 000	101 000	37 000
Impairment	0	0	0	0
Expenditure	7 843 000	4 526 000	4 090 000	4 525 000
Operating Profit	453 000	577 000	972 000	942 000
Financial Income	223 000	23 000	9 000	145 000
Financial Costs	34 000	59 000	94 000	17 000
Financial Balance	189 000	−36 000	−85 000	128 000
Dividends	400 000	211 000	600 000	400 000
Net Income	585 000	419 000	692 000	859 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	36 000	27 000	13 000	25 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	760 000	944 000	628 000	94 000
Total Tangible Assets	760 000	944 000	628 000	94 000
Total Fiancial Fixed Assets	125 000	125 000	125 000	20 000
Total Fixed Assets	921 000	1 096 000	766 000	139 000
Stock	0	0	41 000	0
Total Investments	0	0	0	0
Cash, Bank	466 000	636 000	1 615 000	641 000
Total Current Assets	2 408 000	1 776 000	2 079 000	2 227 000
Total Assets	3 329 000	2 873 000	2 845 000	2 367 000
Total Equity	1 820 000	1 636 000	1 429 000	1 337 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	292 000	392 000	492 000	0
Creditors	218 000	291 000	28 000	24 000
Unpaid Taxes	315 000	240 000	322 000	391 000
Dividends	400 000	211 000	600 000	400 000
Other Current Debt	317 000	177 000	191 000	385 000
Total Current Debt	1 217 000	845 000	925 000	1 030 000
Total Equity and Debt	3 329 000	2 873 000	2 845 000	2 367 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,14 %	25,61 %	48,43 %	64,25 %
Debt-to-Equity Ratio	0,16	0,24	0,34	0
Operating Profit Margin	5,46 %	11,31 %	19,2 %	17,23 %
Current Ratio	1,98	2,1	2,25	2,16
Quick Ratio	1,98	2,1	2,35	2,16
Equity Ratio	0,55	0,57	0,5	0,56
Gross Profit Margin	56,94 %	76,46 %	77,98 %	70,88 %