FOLK AS

5003 BERGEN

Finances

Share Ownership

Return on Equity

−9,53 %

Current Ratio

1,24

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	71 057 000	68 642 000	74 640 000	93 512 000
Net Income	−460 000	−313 000	324 000	1 963 000
Total Assets	23 748 000	22 070 000	23 771 000	36 352 000
Total Equity	4 828 000	5 287 000	5 601 000	5 276 000

Income (NOK)	2022	2021	2020	2019
Revenue	71 057 000	68 642 000	74 640 000	93 512 000
Expenditure	71 603 000	69 164 000	74 345 000	90 937 000
Operating Profit	−546 000	−523 000	295 000	2 575 000
Financial Income	4 000	102 000	159 000	43 000
Financial Costs	21 000	−20 000	6 000	75 000
Financial Balance	−17 000	122 000	153 000	−32 000
Earnings Before Tax	−563 000	−401 000	448 000	2 543 000
Tax	−103 000	−88 000	124 000	580 000
Net Income	−460 000	−313 000	324 000	1 963 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	268 000	161 000	84 000	132 000
Total Current Assets	23 480 000	21 909 000	23 687 000	36 220 000
Total Assets	23 748 000	22 070 000	23 771 000	36 352 000
Total Retained Equity	2 939 000	3 399 000	3 712 000	3 388 000
Total Equity	4 828 000	5 287 000	5 601 000	5 276 000
Total Long-Term Debt	0	0	0	144 000
Total Current Debt	18 921 000	16 783 000	18 170 000	30 932 000
Total Equity and Debt	23 748 000	22 070 000	23 771 000	36 352 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	70 954 000	68 642 000	74 640 000	93 512 000
Other Income	103 000	0	0	0
Revenue	71 057 000	68 642 000	74 640 000	93 512 000
Cost of Goods Sold	7 849 000	5 865 000	5 761 000	7 032 000
Salary Costs	58 174 000	59 653 000	65 737 000	80 950 000
Depreciation	44 000	47 000	60 000	64 000
Impairment	0	0	0	0
Expenditure	71 603 000	69 164 000	74 345 000	90 937 000
Operating Profit	−546 000	−523 000	295 000	2 575 000
Financial Income	4 000	102 000	159 000	43 000
Financial Costs	21 000	−20 000	6 000	75 000
Financial Balance	−17 000	122 000	153 000	−32 000
Dividends	0	0	0	0
Net Income	−460 000	−313 000	324 000	1 963 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	213 000	131 000	63 000	72 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	55 000	30 000	21 000	60 000
Total Tangible Assets	55 000	30 000	21 000	60 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	268 000	161 000	84 000	132 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 283 000	1 952 000	9 584 000	3 918 000
Total Current Assets	23 480 000	21 909 000	23 687 000	36 220 000
Total Assets	23 748 000	22 070 000	23 771 000	36 352 000
Total Equity	4 828 000	5 287 000	5 601 000	5 276 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	144 000
Creditors	2 196 000	1 819 000	1 399 000	1 805 000
Unpaid Taxes	7 106 000	6 073 000	6 035 000	9 701 000
Dividends	0	0	0	0
Other Current Debt	9 619 000	7 807 000	10 457 000	14 045 000
Total Current Debt	18 921 000	16 783 000	18 170 000	30 932 000
Total Equity and Debt	23 748 000	22 070 000	23 771 000	36 352 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,53 %	−5,92 %	5,78 %	37,21 %
Debt-to-Equity Ratio	0	0	0	0,03
Operating Profit Margin	−0,77 %	−0,76 %	0,4 %	2,75 %
Current Ratio	1,24	1,31	1,3	1,17
Quick Ratio	1,24	1,31	1,3	1,17
Equity Ratio	0,2	0,24	0,24	0,15
Gross Profit Margin	88,95 %	91,46 %	92,28 %	92,48 %