GEIR FLATNES AS

5550 SVEIO

Finances

Share Ownership

Return on Equity

22,34 %

Current Ratio

1,47

Debt-to-Equity Ratio

0,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 749 000	17 565 000	18 472 000	15 840 000
Net Income	1 563 000	388 000	901 000	301 000
Total Assets	13 019 000	11 568 000	11 721 000	12 505 000
Total Equity	6 995 000	5 952 000	6 195 000	6 069 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 749 000	17 565 000	18 472 000	15 840 000
Expenditure	21 848 000	17 019 000	17 231 000	15 348 000
Operating Profit	1 900 000	546 000	1 242 000	491 000
Financial Income	2 000	2 000	0	1 000
Financial Costs	45 000	50 000	88 000	105 000
Financial Balance	−43 000	−48 000	−88 000	−104 000
Earnings Before Tax	1 857 000	497 000	1 155 000	387 000
Tax	294 000	109 000	254 000	86 000
Net Income	1 563 000	388 000	901 000	301 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 709 000	5 611 000	6 762 000	7 768 000
Total Current Assets	6 311 000	5 958 000	4 959 000	4 737 000
Total Assets	13 019 000	11 568 000	11 721 000	12 505 000
Total Retained Equity	3 907 000	2 864 000	3 116 000	2 991 000
Total Equity	6 995 000	5 952 000	6 195 000	6 069 000
Total Long-Term Debt	1 739 000	1 727 000	2 320 000	2 776 000
Total Current Debt	4 285 000	3 889 000	3 206 000	3 660 000
Total Equity and Debt	13 019 000	11 568 000	11 721 000	12 505 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 255 000	17 465 000	18 369 000	15 730 000
Other Income	1 494 000	100 000	104 000	110 000
Revenue	23 749 000	17 565 000	18 472 000	15 840 000
Cost of Goods Sold	7 037 000	5 073 000	5 953 000	4 171 000
Salary Costs	6 766 000	5 362 000	5 074 000	5 090 000
Depreciation	955 000	882 000	945 000	982 000
Impairment	0	0	0	0
Expenditure	21 848 000	17 019 000	17 231 000	15 348 000
Operating Profit	1 900 000	546 000	1 242 000	491 000
Financial Income	2 000	2 000	0	1 000
Financial Costs	45 000	50 000	88 000	105 000
Financial Balance	−43 000	−48 000	−88 000	−104 000
Dividends	0	0	0	0
Net Income	1 563 000	388 000	901 000	301 000

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	5 254 000	4 027 000	4 620 000	4 964 000
Fixtures	941 000	1 248 000	1 506 000	1 811 000
Total Tangible Assets	6 195 000	5 275 000	6 126 000	6 775 000
Total Fiancial Fixed Assets	514 000	336 000	635 000	993 000
Total Fixed Assets	6 709 000	5 611 000	6 762 000	7 768 000
Stock	277 000	126 000	133 000	58 000
Total Investments	0	0	0	0
Cash, Bank	207 000	808 000	1 608 000	303 000
Total Current Assets	6 311 000	5 958 000	4 959 000	4 737 000
Total Assets	13 019 000	11 568 000	11 721 000	12 505 000
Total Equity	6 995 000	5 952 000	6 195 000	6 069 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 739 000	1 727 000	2 320 000	2 776 000
Creditors	1 557 000	1 331 000	1 034 000	1 097 000
Unpaid Taxes	1 221 000	1 253 000	891 000	1 121 000
Dividends	0	0	0	0
Other Current Debt	1 301 000	1 263 000	1 282 000	1 364 000
Total Current Debt	4 285 000	3 889 000	3 206 000	3 660 000
Total Equity and Debt	13 019 000	11 568 000	11 721 000	12 505 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,34 %	6,52 %	14,54 %	4,96 %
Debt-to-Equity Ratio	0,25	0,29	0,37	0,46
Operating Profit Margin	8 %	3,11 %	6,72 %	3,1 %
Current Ratio	1,47	1,53	1,55	1,29
Quick Ratio	1,57	1,58	1,61	1,32
Equity Ratio	0,54	0,51	0,53	0,49
Gross Profit Margin	70,37 %	71,12 %	67,77 %	73,67 %