FOLKEINVEST AS

7042 TRONDHEIM

Finances

Return on Equity

−16,99 %

Current Ratio

1,19

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 404 000	14 712 000	4 972 000	430 000
Net Income	−9 480 000	−2 289 000	−1 908 000	−3 600 000
Total Assets	60 420 000	27 896 000	11 867 000	10 377 000
Total Equity	55 797 000	23 690 000	9 964 000	7 465 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 404 000	14 712 000	4 972 000	430 000
Expenditure	29 969 000	17 772 000	7 344 000	4 932 000
Operating Profit	−12 565 000	−3 059 000	−2 372 000	−4 502 000
Financial Income	19 000	54 000	6 000	4 000
Financial Costs	51 000	28 000	145 000	170 000
Financial Balance	−32 000	26 000	−139 000	−166 000
Earnings Before Tax	−12 597 000	−3 033 000	−2 511 000	−4 668 000
Tax	−3 116 000	−744 000	−602 000	−1 068 000
Net Income	−9 480 000	−2 289 000	−1 908 000	−3 600 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	54 942 000	14 354 000	4 980 000	4 000 000
Total Current Assets	5 479 000	13 542 000	6 887 000	6 378 000
Total Assets	60 420 000	27 896 000	11 867 000	10 377 000
Total Retained Equity	0	0	0	−4 959 000
Total Equity	55 797 000	23 690 000	9 964 000	7 465 000
Total Long-Term Debt	0	0	0	1 508 000
Total Current Debt	4 623 000	4 206 000	1 903 000	1 404 000
Total Equity and Debt	60 420 000	27 896 000	11 867 000	10 377 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 524 000	14 979 000	4 622 000	430 000
Other Income	880 000	−266 000	350 000	0
Revenue	17 404 000	14 712 000	4 972 000	430 000
Cost of Goods Sold	1 364 000	329 000	0	0
Salary Costs	15 827 000	8 777 000	3 331 000	1 920 000
Depreciation	3 664 000	1 603 000	1 137 000	841 000
Impairment	0	0	0	0
Expenditure	29 969 000	17 772 000	7 344 000	4 932 000
Operating Profit	−12 565 000	−3 059 000	−2 372 000	−4 502 000
Financial Income	19 000	54 000	6 000	4 000
Financial Costs	51 000	28 000	145 000	170 000
Financial Balance	−32 000	26 000	−139 000	−166 000
Dividends	0	0	0	0
Net Income	−9 480 000	−2 289 000	−1 908 000	−3 600 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	25 879 000	0	0	0
Total Intangible Assets	54 251 000	13 699 000	4 900 000	3 919 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	590 000	655 000	0	0
Total Tangible Assets	590 000	655 000	0	0
Total Fiancial Fixed Assets	100 000	0	80 000	80 000
Total Fixed Assets	54 942 000	14 354 000	4 980 000	4 000 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 482 000	8 891 000	4 630 000	5 355 000
Total Current Assets	5 479 000	13 542 000	6 887 000	6 378 000
Total Assets	60 420 000	27 896 000	11 867 000	10 377 000
Total Equity	55 797 000	23 690 000	9 964 000	7 465 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 508 000
Creditors	1 116 000	1 561 000	209 000	242 000
Unpaid Taxes	1 278 000	1 073 000	729 000	307 000
Dividends	0	0	0	0
Other Current Debt	2 229 000	1 573 000	965 000	855 000
Total Current Debt	4 623 000	4 206 000	1 903 000	1 404 000
Total Equity and Debt	60 420 000	27 896 000	11 867 000	10 377 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,99 %	−9,66 %	−19,15 %	−48,23 %
Debt-to-Equity Ratio	0	0	0	0,2
Operating Profit Margin	−72,2 %	−20,79 %	−47,71 %	−1 046,98 %
Current Ratio	1,19	3,22	3,62	4,54
Quick Ratio	1,19	3,22	3,62	4,54
Equity Ratio	0,92	0,85	0,84	0,72
Gross Profit Margin	92,16 %	97,76 %	100 %	100 %