FOLKVANG AS

1738 BORGENHAUGEN

Finances

Return on Equity

−0,07 %

Current Ratio

12,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 295 000	3 000 000	2 458 000	1 325 000
Net Income	−2 000	761 000	938 000	−696 000
Total Assets	3 229 000	3 742 000	2 770 000	1 817 000
Total Equity	2 982 000	2 984 000	2 223 000	1 285 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 295 000	3 000 000	2 458 000	1 325 000
Expenditure	2 279 000	2 017 000	1 477 000	1 983 000
Operating Profit	16 000	983 000	981 000	−658 000
Financial Income	0	0	0	1 000
Financial Costs	4 000	3 000	2 000	6 000
Financial Balance	−4 000	−3 000	−2 000	−5 000
Earnings Before Tax	13 000	980 000	979 000	−663 000
Tax	14 000	219 000	41 000	33 000
Net Income	−2 000	761 000	938 000	−696 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	208 000	110 000	132 000	143 000
Total Current Assets	3 021 000	3 632 000	2 638 000	1 674 000
Total Assets	3 229 000	3 742 000	2 770 000	1 817 000
Total Retained Equity	882 000	884 000	123 000	−815 000
Total Equity	2 982 000	2 984 000	2 223 000	1 285 000
Total Long-Term Debt	0	0	30 000	30 000
Total Current Debt	247 000	758 000	517 000	502 000
Total Equity and Debt	3 229 000	3 742 000	2 770 000	1 817 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 185 000	2 980 000	2 447 000	1 322 000
Other Income	110 000	20 000	11 000	3 000
Revenue	2 295 000	3 000 000	2 458 000	1 325 000
Cost of Goods Sold	0	0	12 000	44 000
Salary Costs	1 568 000	1 132 000	863 000	1 498 000
Depreciation	45 000	45 000	43 000	26 000
Impairment	0	0	0	0
Expenditure	2 279 000	2 017 000	1 477 000	1 983 000
Operating Profit	16 000	983 000	981 000	−658 000
Financial Income	0	0	0	1 000
Financial Costs	4 000	3 000	2 000	6 000
Financial Balance	−4 000	−3 000	−2 000	−5 000
Dividends	0	0	0	0
Net Income	−2 000	761 000	938 000	−696 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	130 000	95 000	117 000	128 000
Total Tangible Assets	130 000	95 000	117 000	128 000
Total Fiancial Fixed Assets	78 000	15 000	15 000	15 000
Total Fixed Assets	208 000	110 000	132 000	143 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 266 000	3 096 000	1 579 000	926 000
Total Current Assets	3 021 000	3 632 000	2 638 000	1 674 000
Total Assets	3 229 000	3 742 000	2 770 000	1 817 000
Total Equity	2 982 000	2 984 000	2 223 000	1 285 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	30 000	30 000
Creditors	15 000	182 000	75 000	31 000
Unpaid Taxes	31 000	211 000	290 000	292 000
Dividends	0	0	0	0
Other Current Debt	186 000	146 000	111 000	179 000
Total Current Debt	247 000	758 000	517 000	502 000
Total Equity and Debt	3 229 000	3 742 000	2 770 000	1 817 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,07 %	25,5 %	42,2 %	−54,16 %
Debt-to-Equity Ratio	0	0	0,01	0,02
Operating Profit Margin	0,7 %	32,77 %	39,91 %	−49,66 %
Current Ratio	12,23	4,79	5,1	3,33
Quick Ratio	12,23	4,79	5,1	3,33
Equity Ratio	0,92	0,8	0,8	0,71
Gross Profit Margin	100 %	100 %	99,51 %	96,68 %