FRØVIK ELEKTRO AS

5550 SVEIO

Finances

Return on Equity

33,48 %

Current Ratio

1,94

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 099 000	12 892 000	11 996 000	12 207 000
Net Income	1 351 000	1 882 000	1 639 000	828 000
Total Assets	7 312 000	5 950 000	5 585 000	4 952 000
Total Equity	4 035 000	2 683 000	2 001 000	1 383 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 099 000	12 892 000	11 996 000	12 207 000
Expenditure	11 378 000	10 493 000	9 926 000	11 073 000
Operating Profit	1 722 000	2 400 000	2 070 000	1 133 000
Financial Income	12 000	14 000	31 000	18 000
Financial Costs	1 000	0	0	70 000
Financial Balance	11 000	14 000	31 000	−52 000
Earnings Before Tax	1 732 000	2 414 000	2 101 000	1 081 000
Tax	381 000	532 000	463 000	253 000
Net Income	1 351 000	1 882 000	1 639 000	828 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	967 000	1 190 000	654 000	775 000
Total Current Assets	6 345 000	4 760 000	4 931 000	4 176 000
Total Assets	7 312 000	5 950 000	5 585 000	4 952 000
Total Retained Equity	4 005 000	2 653 000	1 971 000	1 353 000
Total Equity	4 035 000	2 683 000	2 001 000	1 383 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 277 000	3 267 000	3 584 000	3 568 000
Total Equity and Debt	7 312 000	5 950 000	5 585 000	4 952 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 099 000	12 467 000	11 865 000	12 206 000
Other Income	0	426 000	131 000	1 000
Revenue	13 099 000	12 892 000	11 996 000	12 207 000
Cost of Goods Sold	3 885 000	4 453 000	3 881 000	4 402 000
Salary Costs	5 521 000	4 433 000	4 346 000	4 839 000
Depreciation	308 000	173 000	173 000	162 000
Impairment	0	0	0	0
Expenditure	11 378 000	10 493 000	9 926 000	11 073 000
Operating Profit	1 722 000	2 400 000	2 070 000	1 133 000
Financial Income	12 000	14 000	31 000	18 000
Financial Costs	1 000	0	0	70 000
Financial Balance	11 000	14 000	31 000	−52 000
Dividends	0	0	1 000 000	1 500 000
Net Income	1 351 000	1 882 000	1 639 000	828 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	97 000	83 000	110 000	86 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 000	11 000	535 000	676 000
Fixtures	857 000	1 086 000	0	3 000
Total Tangible Assets	860 000	1 097 000	535 000	679 000
Total Fiancial Fixed Assets	10 000	10 000	10 000	10 000
Total Fixed Assets	967 000	1 190 000	654 000	775 000
Stock	500 000	640 000	436 000	396 000
Total Investments	0	0	0	0
Cash, Bank	3 211 000	1 791 000	1 441 000	1 799 000
Total Current Assets	6 345 000	4 760 000	4 931 000	4 176 000
Total Assets	7 312 000	5 950 000	5 585 000	4 952 000
Total Equity	4 035 000	2 683 000	2 001 000	1 383 000
Short-Term Group Debt	0	0	286 000	169 000
Total Long-Term Debt	0	0	0	0
Creditors	873 000	1 452 000	437 000	421 000
Unpaid Taxes	994 000	529 000	933 000	752 000
Dividends	0	0	1 000 000	1 500 000
Other Current Debt	1 015 000	780 000	447 000	512 000
Total Current Debt	3 277 000	3 267 000	3 584 000	3 568 000
Total Equity and Debt	7 312 000	5 950 000	5 585 000	4 952 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,48 %	70,15 %	81,91 %	59,87 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,15 %	18,62 %	17,26 %	9,28 %
Current Ratio	1,94	1,46	1,38	1,17
Quick Ratio	2,28	1,81	1,57	1,32
Equity Ratio	0,55	0,45	0,36	0,28
Gross Profit Margin	70,34 %	65,46 %	67,65 %	63,94 %