FOLVENGAARD AS

6798 HJELLEDALEN

Finances

Share Ownership

Return on Equity

9,62 %

Current Ratio

2,21

Debt-to-Equity Ratio

2,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 006 000	3 595 000	2 149 000	564 000
Net Income	46 000	252 000	239 000	−121 000
Total Assets	2 399 000	2 495 000	2 113 000	1 168 000
Total Equity	478 000	432 000	180 000	−59 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 006 000	3 595 000	2 149 000	564 000
Expenditure	2 862 000	3 200 000	1 878 000	684 000
Operating Profit	143 000	396 000	272 000	−120 000
Financial Income	4 000	0	1 000	0
Financial Costs	88 000	73 000	0	1 000
Financial Balance	−84 000	−73 000	1 000	−1 000
Earnings Before Tax	58 000	324 000	273 000	−121 000
Tax	13 000	71 000	33 000	0
Net Income	46 000	252 000	239 000	−121 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 064 000	1 330 000	853 000	97 000
Total Current Assets	1 336 000	1 165 000	1 259 000	1 071 000
Total Assets	2 399 000	2 495 000	2 113 000	1 168 000
Total Retained Equity	378 000	332 000	80 000	−159 000
Total Equity	478 000	432 000	180 000	−59 000
Total Long-Term Debt	1 316 000	1 337 000	144 000	215 000
Total Current Debt	605 000	726 000	1 788 000	1 012 000
Total Equity and Debt	2 399 000	2 495 000	2 113 000	1 168 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 926 000	1 876 000	1 365 000	564 000
Other Income	80 000	1 719 000	784 000	0
Revenue	3 006 000	3 595 000	2 149 000	564 000
Cost of Goods Sold	2 001 000	2 433 000	583 000	331 000
Salary Costs	0	0	0	0
Depreciation	339 000	257 000	66 000	12 000
Impairment	0	0	0	0
Expenditure	2 862 000	3 200 000	1 878 000	684 000
Operating Profit	143 000	396 000	272 000	−120 000
Financial Income	4 000	0	1 000	0
Financial Costs	88 000	73 000	0	1 000
Financial Balance	−84 000	−73 000	1 000	−1 000
Dividends	0	0	0	0
Net Income	46 000	252 000	239 000	−121 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	17 000	19 000	22 000	0
Machinery and Plant Facilities	0	0	0	52 000
Fixtures	1 047 000	1 311 000	832 000	45 000
Total Tangible Assets	1 064 000	1 330 000	853 000	97 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 064 000	1 330 000	853 000	97 000
Stock	0	0	158 000	782 000
Total Investments	0	0	0	0
Cash, Bank	9 000	405 000	3 000	103 000
Total Current Assets	1 336 000	1 165 000	1 259 000	1 071 000
Total Assets	2 399 000	2 495 000	2 113 000	1 168 000
Total Equity	478 000	432 000	180 000	−59 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 316 000	1 337 000	144 000	215 000
Creditors	464 000	613 000	1 091 000	369 000
Unpaid Taxes	96 000	39 000	0	13 000
Dividends	0	0	0	0
Other Current Debt	12 000	11 000	693 000	630 000
Total Current Debt	605 000	726 000	1 788 000	1 012 000
Total Equity and Debt	2 399 000	2 495 000	2 113 000	1 168 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,62 %	58,33 %	132,78 %	205,08 %
Debt-to-Equity Ratio	2,75	3,09	0,8	−3,64
Operating Profit Margin	4,76 %	11,02 %	12,66 %	−21,28 %
Current Ratio	2,21	1,6	0,7	1,06
Quick Ratio	2,21	1,6	0,77	4,66
Equity Ratio	0,2	0,17	0,09	−0,05
Gross Profit Margin	33,43 %	32,32 %	72,87 %	41,31 %