FAGERNES VERKSTEDSENTER AS

2900 FAGERNES

Finances

Share Ownership

Return on Equity

−30,27 %

Current Ratio

1,74

Debt-to-Equity Ratio

3,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 545 000	14 256 000	15 871 000	15 304 000
Net Income	−158 000	−629 000	107 000	−68 000
Total Assets	4 977 000	4 892 000	4 316 000	4 369 000
Total Equity	522 000	680 000	408 000	302 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 545 000	14 256 000	15 871 000	15 304 000
Expenditure	14 684 000	15 021 000	15 703 000	15 338 000
Operating Profit	−140 000	−765 000	168 000	−35 000
Financial Income	0	0	1 000	1 000
Financial Costs	62 000	41 000	31 000	54 000
Financial Balance	−62 000	−41 000	−30 000	−53 000
Earnings Before Tax	−202 000	−806 000	137 000	−88 000
Tax	−44 000	−177 000	30 000	−19 000
Net Income	−158 000	−629 000	107 000	−68 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	716 000	862 000	945 000	971 000
Total Current Assets	4 261 000	4 030 000	3 371 000	3 398 000
Total Assets	4 977 000	4 892 000	4 316 000	4 369 000
Total Retained Equity	0	0	−632 000	−738 000
Total Equity	522 000	680 000	408 000	302 000
Total Long-Term Debt	2 000 000	2 000 000	2 000 000	2 000 000
Total Current Debt	2 455 000	2 213 000	1 908 000	2 067 000
Total Equity and Debt	4 977 000	4 892 000	4 316 000	4 369 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 420 000	14 256 000	15 871 000	15 304 000
Other Income	125 000	0	0	0
Revenue	14 545 000	14 256 000	15 871 000	15 304 000
Cost of Goods Sold	5 972 000	6 230 000	7 119 000	6 486 000
Salary Costs	4 472 000	4 808 000	4 692 000	4 484 000
Depreciation	317 000	275 000	287 000	239 000
Impairment	0	0	0	0
Expenditure	14 684 000	15 021 000	15 703 000	15 338 000
Operating Profit	−140 000	−765 000	168 000	−35 000
Financial Income	0	0	1 000	1 000
Financial Costs	62 000	41 000	31 000	54 000
Financial Balance	−62 000	−41 000	−30 000	−53 000
Dividends	0	0	0	0
Net Income	−158 000	−629 000	107 000	−68 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	399 000	355 000	178 000	208 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	317 000	507 000	767 000	763 000
Total Tangible Assets	317 000	507 000	767 000	763 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	716 000	862 000	945 000	971 000
Stock	2 400 000	2 184 000	2 039 000	1 715 000
Total Investments	0	0	0	0
Cash, Bank	602 000	297 000	498 000	286 000
Total Current Assets	4 261 000	4 030 000	3 371 000	3 398 000
Total Assets	4 977 000	4 892 000	4 316 000	4 369 000
Total Equity	522 000	680 000	408 000	302 000
Short-Term Group Debt	300 000	0	0	0
Total Long-Term Debt	2 000 000	2 000 000	2 000 000	2 000 000
Creditors	1 048 000	939 000	984 000	1 051 000
Unpaid Taxes	540 000	612 000	425 000	555 000
Dividends	0	0	0	0
Other Current Debt	567 000	661 000	498 000	462 000
Total Current Debt	2 455 000	2 213 000	1 908 000	2 067 000
Total Equity and Debt	4 977 000	4 892 000	4 316 000	4 369 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−30,27 %	−92,5 %	26,23 %	−22,52 %
Debt-to-Equity Ratio	3,83	2,94	4,9	6,62
Operating Profit Margin	−0,96 %	−5,37 %	1,06 %	−0,23 %
Current Ratio	1,74	1,82	1,77	1,64
Quick Ratio	77,47	138,97	−25,73	9,65
Equity Ratio	0,1	0,14	0,09	0,07
Gross Profit Margin	58,94 %	56,3 %	55,14 %	57,62 %