FLOVE NORGE AS

3126 TØNSBERG

Finances

Share Ownership

Return on Equity

9,03 %

Current Ratio

0,45

Debt-to-Equity Ratio

−0,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	36 000	59 000	165 000	62 000
Net Income	−43 000	−26 000	−385 000	−226 000
Total Assets	112 000	61 000	87 000	124 000
Total Equity	−476 000	−432 000	−406 000	−21 000

Income (NOK)	2022	2021	2020	2019
Revenue	36 000	59 000	165 000	62 000
Expenditure	78 000	105 000	550 000	287 000
Operating Profit	−43 000	−26 000	−385 000	−226 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	0
Earnings Before Tax	−43 000	−26 000	−385 000	−226 000
Tax	0	0	0	0
Net Income	−43 000	−26 000	−385 000	−226 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 000	20 000	96 000	137 000
Total Current Assets	92 000	42 000	−9 000	−13 000
Total Assets	112 000	61 000	87 000	124 000
Total Retained Equity	−738 000	−694 000	−668 000	−283 000
Total Equity	−476 000	−432 000	−406 000	−21 000
Total Long-Term Debt	382 000	346 000	346 000	36 000
Total Current Debt	206 000	147 000	148 000	109 000
Total Equity and Debt	112 000	61 000	87 000	124 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	36 000	59 000	165 000	62 000
Other Income	0	0	0	0
Revenue	36 000	59 000	165 000	62 000
Cost of Goods Sold	0	25 000	27 000	77 000
Salary Costs	0	0	358 000	1 000
Depreciation	35 000	41 000	41 000	40 000
Impairment	0	0	0	0
Expenditure	78 000	105 000	550 000	287 000
Operating Profit	−43 000	−26 000	−385 000	−226 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	0
Dividends	0	0	0	0
Net Income	−43 000	−26 000	−385 000	−226 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 000	30 000	59 000	89 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	13 000	25 000	37 000	48 000
Fixtures	0	0	0	0
Total Tangible Assets	13 000	25 000	37 000	48 000
Total Fiancial Fixed Assets	0	−36 000	0	0
Total Fixed Assets	20 000	20 000	96 000	137 000
Stock	21 000	21 000	0	0
Total Investments	0	0	0	0
Cash, Bank	69 000	76 000	42 000	3 000
Total Current Assets	92 000	42 000	−9 000	−13 000
Total Assets	112 000	61 000	87 000	124 000
Total Equity	−476 000	−432 000	−406 000	−21 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	382 000	346 000	346 000	36 000
Creditors	0	0	0	0
Unpaid Taxes	1 000	0	0	1 000
Dividends	0	0	0	0
Other Current Debt	205 000	147 000	147 000	109 000
Total Current Debt	206 000	147 000	148 000	109 000
Total Equity and Debt	112 000	61 000	87 000	124 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,03 %	6,02 %	94,83 %	1 076,19 %
Debt-to-Equity Ratio	−0,8	−0,8	−0,85	−1,71
Operating Profit Margin	−119,44 %	−44,07 %	−233,33 %	−364,52 %
Current Ratio	0,45	0,29	−0,06	−0,12
Quick Ratio	0,5	0,33	−0,06	−0,12
Equity Ratio	−4,25	−7,08	−4,67	−0,17
Gross Profit Margin	100 %	57,63 %	83,64 %	−24,19 %