FORTINET B.V.

0250 OSLO

Finances

Share Ownership

Return on Equity

12,95 %

Current Ratio

1,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	84 201 000	64 197 000	41 221 000	33 421 000
Net Income	1 492 000	4 086 000	1 406 000	1 357 000
Total Assets	27 945 000	18 144 000	12 413 000	9 812 000
Total Equity	11 519 000	10 027 000	5 941 000	4 535 000

Income (NOK)	2022	2021	2020	2019
Revenue	84 201 000	64 197 000	41 221 000	33 421 000
Expenditure	80 374 000	58 652 000	38 888 000	31 530 000
Operating Profit	3 827 000	5 545 000	2 333 000	1 892 000
Financial Income	0	249 000	40 000	193 000
Financial Costs	1 340 000	243 000	476 000	81 000
Financial Balance	−1 340 000	6 000	−436 000	112 000
Earnings Before Tax	2 486 000	5 551 000	1 897 000	2 004 000
Tax	995 000	1 465 000	491 000	647 000
Net Income	1 492 000	4 086 000	1 406 000	1 357 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	930 000	585 000	645 000	328 000
Total Current Assets	27 016 000	17 559 000	11 769 000	9 484 000
Total Assets	27 945 000	18 144 000	12 413 000	9 812 000
Total Retained Equity	11 519 000	10 027 000	5 941 000	4 535 000
Total Equity	11 519 000	10 027 000	5 941 000	4 535 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	16 427 000	8 117 000	6 472 000	5 277 000
Total Equity and Debt	27 945 000	18 144 000	12 413 000	9 812 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	84 201 000	64 197 000	41 221 000	33 421 000
Other Income	0	0	0	0
Revenue	84 201 000	64 197 000	41 221 000	33 421 000
Cost of Goods Sold	0	0	0	0
Salary Costs	67 477 000	51 153 000	34 223 000	25 726 000
Depreciation	104 000	128 000	60 000	0
Impairment	0	0	0	0
Expenditure	80 374 000	58 652 000	38 888 000	31 530 000
Operating Profit	3 827 000	5 545 000	2 333 000	1 892 000
Financial Income	0	249 000	40 000	193 000
Financial Costs	1 340 000	243 000	476 000	81 000
Financial Balance	−1 340 000	6 000	−436 000	112 000
Dividends	0	0	0	0
Net Income	1 492 000	4 086 000	1 406 000	1 357 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	890 000	463 000	514 000	328 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	40 000	122 000	130 000	0
Total Tangible Assets	40 000	122 000	130 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	930 000	585 000	645 000	328 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	43 000	0	0	0
Total Current Assets	27 016 000	17 559 000	11 769 000	9 484 000
Total Assets	27 945 000	18 144 000	12 413 000	9 812 000
Total Equity	11 519 000	10 027 000	5 941 000	4 535 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	268 000	30 000	0	181 000
Unpaid Taxes	4 939 000	260 000	487 000	213 000
Dividends	0	0	0	0
Other Current Debt	9 799 000	6 414 000	5 309 000	4 390 000
Total Current Debt	16 427 000	8 117 000	6 472 000	5 277 000
Total Equity and Debt	27 945 000	18 144 000	12 413 000	9 812 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,95 %	40,75 %	23,67 %	29,92 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,55 %	8,64 %	5,66 %	5,66 %
Current Ratio	1,64	2,16	1,82	1,8
Quick Ratio	1,64	2,16	1,82	1,8
Equity Ratio	0,41	0,55	0,48	0,46
Gross Profit Margin	100 %	100 %	100 %	100 %