FLIPZONE AS

5132 NYBORG

Finances

Share Ownership

Return on Equity

57,6 %

Current Ratio

0,07

Debt-to-Equity Ratio

−2,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 274 000	9 887 000	8 385 000	14 034 000
Net Income	−1 509 000	−1 405 000	−1 460 000	109 000
Total Assets	10 107 000	7 820 000	10 675 000	10 748 000
Total Equity	−2 620 000	−1 111 000	−456 000	1 004 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 274 000	9 887 000	8 385 000	14 034 000
Expenditure	14 817 000	11 274 000	9 886 000	13 559 000
Operating Profit	−1 543 000	−1 388 000	−1 500 000	475 000
Financial Income	1 000	10 000	9 000	12 000
Financial Costs	394 000	212 000	381 000	348 000
Financial Balance	−393 000	−202 000	−372 000	−336 000
Earnings Before Tax	−1 935 000	−1 590 000	−1 872 000	140 000
Tax	−426 000	−185 000	−412 000	31 000
Net Income	−1 509 000	−1 405 000	−1 460 000	109 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 663 000	6 856 000	7 826 000	8 729 000
Total Current Assets	444 000	964 000	2 850 000	2 019 000
Total Assets	10 107 000	7 820 000	10 675 000	10 748 000
Total Retained Equity	−4 903 000	−3 394 000	−2 739 000	−1 279 000
Total Equity	−2 620 000	−1 111 000	−456 000	1 004 000
Total Long-Term Debt	6 393 000	4 538 000	5 899 000	4 739 000
Total Current Debt	6 335 000	4 394 000	5 233 000	5 006 000
Total Equity and Debt	10 107 000	7 820 000	10 675 000	10 748 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 444 000	8 667 000	6 482 000	13 855 000
Other Income	830 000	1 219 000	1 903 000	179 000
Revenue	13 274 000	9 887 000	8 385 000	14 034 000
Cost of Goods Sold	1 698 000	1 399 000	927 000	1 550 000
Salary Costs	5 165 000	3 993 000	2 496 000	4 981 000
Depreciation	1 314 000	1 154 000	1 337 000	1 451 000
Impairment	0	0	0	0
Expenditure	14 817 000	11 274 000	9 886 000	13 559 000
Operating Profit	−1 543 000	−1 388 000	−1 500 000	475 000
Financial Income	1 000	10 000	9 000	12 000
Financial Costs	394 000	212 000	381 000	348 000
Financial Balance	−393 000	−202 000	−372 000	−336 000
Dividends	0	0	0	0
Net Income	−1 509 000	−1 405 000	−1 460 000	109 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 381 000	955 000	770 000	359 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	13 000	0	0	0
Fixtures	8 269 000	5 901 000	7 055 000	8 370 000
Total Tangible Assets	8 283 000	5 901 000	7 055 000	8 370 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	9 663 000	6 856 000	7 826 000	8 729 000
Stock	165 000	135 000	110 000	94 000
Total Investments	0	0	0	0
Cash, Bank	86 000	532 000	1 691 000	1 750 000
Total Current Assets	444 000	964 000	2 850 000	2 019 000
Total Assets	10 107 000	7 820 000	10 675 000	10 748 000
Total Equity	−2 620 000	−1 111 000	−456 000	1 004 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 393 000	4 538 000	5 899 000	4 739 000
Creditors	925 000	465 000	1 218 000	622 000
Unpaid Taxes	315 000	300 000	135 000	341 000
Dividends	0	0	0	0
Other Current Debt	5 095 000	3 629 000	3 880 000	4 005 000
Total Current Debt	6 335 000	4 394 000	5 233 000	5 006 000
Total Equity and Debt	10 107 000	7 820 000	10 675 000	10 748 000

Financial indicators	2022	2021	2020	2019
Return on Equity	57,6 %	126,46 %	320,18 %	10,86 %
Debt-to-Equity Ratio	−2,44	−4,08	−12,94	4,72
Operating Profit Margin	−11,62 %	−14,04 %	−17,89 %	3,38 %
Current Ratio	0,07	0,22	0,54	0,4
Quick Ratio	0,07	0,23	0,56	0,41
Equity Ratio	−0,26	−0,14	−0,04	0,09
Gross Profit Margin	87,21 %	85,85 %	88,94 %	88,96 %