FLEXTOOLS AS

1366 LYSAKER

Finances

Share Ownership

Return on Equity

−76,69 %

Current Ratio

0,73

Debt-to-Equity Ratio

0,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 616 000	5 059 000	5 447 000	2 764 000
Net Income	−6 878 000	−8 461 000	98 000	−539 000
Total Assets	40 619 000	38 714 000	28 714 000	15 990 000
Total Equity	8 968 000	10 846 000	14 307 000	13 209 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 616 000	5 059 000	5 447 000	2 764 000
Expenditure	21 915 000	15 550 000	5 147 000	3 505 000
Operating Profit	−8 299 000	−10 490 000	299 000	−741 000
Financial Income	80 000	4 000	27 000	76 000
Financial Costs	678 000	440 000	203 000	27 000
Financial Balance	−598 000	−436 000	−176 000	49 000
Earnings Before Tax	−8 897 000	−10 926 000	123 000	−691 000
Tax	−2 019 000	−2 465 000	25 000	−153 000
Net Income	−6 878 000	−8 461 000	98 000	−539 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 818 000	25 415 000	25 714 000	11 261 000
Total Current Assets	18 800 000	13 299 000	3 000 000	4 729 000
Total Assets	40 619 000	38 714 000	28 714 000	15 990 000
Total Retained Equity	0	0	98 000	0
Total Equity	8 968 000	10 846 000	14 307 000	13 209 000
Total Long-Term Debt	5 814 000	1 954 000	2 233 000	0
Total Current Debt	25 836 000	25 914 000	12 175 000	2 782 000
Total Equity and Debt	40 619 000	38 714 000	28 714 000	15 990 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	820 000	0	0	0
Other Income	12 796 000	5 059 000	5 447 000	2 764 000
Revenue	13 616 000	5 059 000	5 447 000	2 764 000
Cost of Goods Sold	2 742 000	601 000	605 000	142 000
Salary Costs	9 086 000	5 621 000	1 977 000	1 382 000
Depreciation	3 654 000	3 234 000	13 000	0
Impairment	0	0	0	0
Expenditure	21 915 000	15 550 000	5 147 000	3 505 000
Operating Profit	−8 299 000	−10 490 000	299 000	−741 000
Financial Income	80 000	4 000	27 000	76 000
Financial Costs	678 000	440 000	203 000	27 000
Financial Balance	−598 000	−436 000	−176 000	49 000
Dividends	0	0	0	0
Net Income	−6 878 000	−8 461 000	98 000	−539 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	21 716 000	25 335 000	25 636 000	11 261 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	103 000	80 000	78 000	0
Total Tangible Assets	103 000	80 000	78 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	21 818 000	25 415 000	25 714 000	11 261 000
Stock	946 000	346 000	510 000	0
Total Investments	0	0	0	0
Cash, Bank	4 726 000	508 000	1 410 000	1 250 000
Total Current Assets	18 800 000	13 299 000	3 000 000	4 729 000
Total Assets	40 619 000	38 714 000	28 714 000	15 990 000
Total Equity	8 968 000	10 846 000	14 307 000	13 209 000
Short-Term Group Debt	179 000	258 000	372 000	174 000
Total Long-Term Debt	5 814 000	1 954 000	2 233 000	0
Creditors	1 255 000	727 000	764 000	453 000
Unpaid Taxes	766 000	579 000	344 000	402 000
Dividends	0	0	0	0
Other Current Debt	7 927 000	9 451 000	559 000	1 754 000
Total Current Debt	25 836 000	25 914 000	12 175 000	2 782 000
Total Equity and Debt	40 619 000	38 714 000	28 714 000	15 990 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−76,69 %	−78,01 %	0,68 %	−4,08 %
Debt-to-Equity Ratio	0,65	0,18	0,16	0
Operating Profit Margin	−60,95 %	−207,35 %	5,49 %	−26,81 %
Current Ratio	0,73	0,51	0,25	1,7
Quick Ratio	0,76	0,52	0,26	1,7
Equity Ratio	0,22	0,28	0,5	0,83
Gross Profit Margin	79,86 %	88,12 %	88,89 %	94,86 %