FOLKEKRAFT GROUP AS

5008 BERGEN

Finances

Return on Equity

−11,92 %

Current Ratio

1,72

Debt-to-Equity Ratio

0,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 157 000	2 151 000	518 000	276 000
Net Income	−981 000	940 000	9 767 000	5 671 000
Total Assets	27 091 000	25 681 000	18 917 000	8 840 000
Total Equity	8 233 000	12 714 000	11 774 000	2 007 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 157 000	2 151 000	518 000	276 000
Expenditure	4 664 000	2 135 000	624 000	197 000
Operating Profit	−2 507 000	15 000	−107 000	79 000
Financial Income	2 102 000	1 267 000	10 044 000	5 770 000
Financial Costs	477 000	385 000	228 000	168 000
Financial Balance	1 625 000	882 000	9 816 000	5 602 000
Earnings Before Tax	−883 000	896 000	9 709 000	5 680 000
Tax	98 000	−44 000	−58 000	10 000
Net Income	−981 000	940 000	9 767 000	5 671 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 036 000	22 806 000	8 368 000	6 774 000
Total Current Assets	19 055 000	2 875 000	10 548 000	2 066 000
Total Assets	27 091 000	25 681 000	18 917 000	8 840 000
Total Retained Equity	8 203 000	12 684 000	11 744 000	1 977 000
Total Equity	8 233 000	12 714 000	11 774 000	2 007 000
Total Long-Term Debt	7 754 000	10 197 000	6 401 000	2 964 000
Total Current Debt	11 104 000	2 770 000	742 000	3 869 000
Total Equity and Debt	27 091 000	25 681 000	18 917 000	8 840 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 095 000	1 389 000	158 000	136 000
Other Income	1 062 000	762 000	360 000	140 000
Revenue	2 157 000	2 151 000	518 000	276 000
Cost of Goods Sold	0	0	2 000	0
Salary Costs	1 514 000	1 084 000	126 000	0
Depreciation	222 000	357 000	67 000	3 000
Impairment	0	0	0	0
Expenditure	4 664 000	2 135 000	624 000	197 000
Operating Profit	−2 507 000	15 000	−107 000	79 000
Financial Income	2 102 000	1 267 000	10 044 000	5 770 000
Financial Costs	477 000	385 000	228 000	168 000
Financial Balance	1 625 000	882 000	9 816 000	5 602 000
Dividends	3 500 000	0	0	3 781 000
Net Income	−981 000	940 000	9 767 000	5 671 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	98 000	54 000	0
Real Eastate	6 869 000	14 537 000	7 087 000	3 942 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	538 000	1 665 000	901 000	16 000
Total Tangible Assets	7 407 000	16 202 000	7 988 000	3 957 000
Total Fiancial Fixed Assets	629 000	6 506 000	326 000	2 817 000
Total Fixed Assets	8 036 000	22 806 000	8 368 000	6 774 000
Stock	991 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	305 000	1 434 000	1 041 000	667 000
Total Current Assets	19 055 000	2 875 000	10 548 000	2 066 000
Total Assets	27 091 000	25 681 000	18 917 000	8 840 000
Total Equity	8 233 000	12 714 000	11 774 000	2 007 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 754 000	10 197 000	6 401 000	2 964 000
Creditors	10 353 000	151 000	75 000	16 000
Unpaid Taxes	249 000	118 000	66 000	0
Dividends	3 500 000	0	0	3 781 000
Other Current Debt	501 000	2 502 000	602 000	65 000
Total Current Debt	11 104 000	2 770 000	742 000	3 869 000
Total Equity and Debt	27 091 000	25 681 000	18 917 000	8 840 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,92 %	7,39 %	82,95 %	282,56 %
Debt-to-Equity Ratio	0,94	0,8	0,54	1,48
Operating Profit Margin	−116,23 %	0,7 %	−20,66 %	28,62 %
Current Ratio	1,72	1,04	14,22	0,53
Quick Ratio	1,88	1,04	14,22	0,53
Equity Ratio	0,3	0,5	0,62	0,23
Gross Profit Margin	100 %	100 %	99,61 %	100 %