FJORD DEFENCE AS

3138 SKALLESTAD

Finances

Share Ownership

Return on Equity

36,45 %

Current Ratio

1,36

Debt-to-Equity Ratio

2,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 944 000	24 856 000	15 444 000	8 776 000
Net Income	1 594 000	2 025 000	2 701 000	734 000
Total Assets	31 492 000	23 087 000	16 328 000	6 489 000
Total Equity	4 373 000	2 778 000	753 000	−2 448 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 944 000	24 856 000	15 444 000	8 776 000
Expenditure	22 412 000	22 033 000	12 515 000	7 968 000
Operating Profit	2 531 000	2 823 000	2 929 000	808 000
Financial Income	375 000	323 000	283 000	214 000
Financial Costs	1 141 000	710 000	733 000	289 000
Financial Balance	−766 000	−387 000	−450 000	−75 000
Earnings Before Tax	1 764 000	2 437 000	2 479 000	734 000
Tax	170 000	412 000	−222 000	0
Net Income	1 594 000	2 025 000	2 701 000	734 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 776 000	5 455 000	3 609 000	927 000
Total Current Assets	24 716 000	17 632 000	12 719 000	5 563 000
Total Assets	31 492 000	23 087 000	16 328 000	6 489 000
Total Retained Equity	2 773 000	1 178 000	−847 000	−3 548 000
Total Equity	4 373 000	2 778 000	753 000	−2 448 000
Total Long-Term Debt	9 000 000	9 000 000	9 000 000	8 000 000
Total Current Debt	18 119 000	11 309 000	6 575 000	937 000
Total Equity and Debt	31 492 000	23 087 000	16 328 000	6 489 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 944 000	24 856 000	14 694 000	8 776 000
Other Income	0	0	750 000	0
Revenue	24 944 000	24 856 000	15 444 000	8 776 000
Cost of Goods Sold	14 674 000	16 686 000	8 950 000	3 514 000
Salary Costs	3 625 000	2 167 000	1 083 000	2 405 000
Depreciation	1 286 000	411 000	326 000	244 000
Impairment	0	0	0	0
Expenditure	22 412 000	22 033 000	12 515 000	7 968 000
Operating Profit	2 531 000	2 823 000	2 929 000	808 000
Financial Income	375 000	323 000	283 000	214 000
Financial Costs	1 141 000	710 000	733 000	289 000
Financial Balance	−766 000	−387 000	−450 000	−75 000
Dividends	0	0	0	0
Net Income	1 594 000	2 025 000	2 701 000	734 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 260 000	4 050 000	2 580 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 392 000	1 237 000	1 028 000	911 000
Total Tangible Assets	1 392 000	1 237 000	1 028 000	911 000
Total Fiancial Fixed Assets	2 124 000	168 000	0	16 000
Total Fixed Assets	6 776 000	5 455 000	3 609 000	927 000
Stock	644 000	329 000	279 000	660 000
Total Investments	0	0	0	0
Cash, Bank	4 890 000	722 000	3 495 000	970 000
Total Current Assets	24 716 000	17 632 000	12 719 000	5 563 000
Total Assets	31 492 000	23 087 000	16 328 000	6 489 000
Total Equity	4 373 000	2 778 000	753 000	−2 448 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 000 000	9 000 000	9 000 000	8 000 000
Creditors	5 395 000	8 463 000	705 000	77 000
Unpaid Taxes	210 000	288 000	310 000	73 000
Dividends	0	0	0	0
Other Current Debt	7 486 000	1 651 000	5 560 000	788 000
Total Current Debt	18 119 000	11 309 000	6 575 000	937 000
Total Equity and Debt	31 492 000	23 087 000	16 328 000	6 489 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,45 %	72,89 %	358,7 %	−29,98 %
Debt-to-Equity Ratio	2,06	3,24	11,95	−3,27
Operating Profit Margin	10,15 %	11,36 %	18,97 %	9,21 %
Current Ratio	1,36	1,56	1,93	5,94
Quick Ratio	1,41	1,61	2,02	20,08
Equity Ratio	0,14	0,12	0,05	−0,38
Gross Profit Margin	41,17 %	32,87 %	42,05 %	59,96 %