FLENSTAD HOLDING AS

7170 ÅFJORD

Finances

Return on Equity

8,64 %

Current Ratio

1,12

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 068 000	4 491 000	2 514 000	2 501 000
Net Income	37 000	350 000	17 000	−32 000
Total Assets	935 000	1 136 000	198 000	354 000
Total Equity	428 000	392 000	42 000	24 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 068 000	4 491 000	2 514 000	2 501 000
Expenditure	6 016 000	4 038 000	2 490 000	2 523 000
Operating Profit	52 000	453 000	24 000	−22 000
Financial Income	0	0	0	0
Financial Costs	3 000	5 000	7 000	11 000
Financial Balance	−3 000	−5 000	−7 000	−11 000
Earnings Before Tax	50 000	448 000	17 000	−32 000
Tax	13 000	98 000	0	0
Net Income	37 000	350 000	17 000	−32 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	367 000	134 000	112 000	145 000
Total Current Assets	568 000	1 002 000	86 000	209 000
Total Assets	935 000	1 136 000	198 000	354 000
Total Retained Equity	409 000	372 000	22 000	5 000
Total Equity	428 000	392 000	42 000	24 000
Total Long-Term Debt	0	15 000	64 000	113 000
Total Current Debt	507 000	729 000	93 000	216 000
Total Equity and Debt	935 000	1 136 000	198 000	354 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 012 000	4 461 000	2 514 000	2 501 000
Other Income	56 000	30 000	0	0
Revenue	6 068 000	4 491 000	2 514 000	2 501 000
Cost of Goods Sold	1 539 000	1 325 000	927 000	1 380 000
Salary Costs	2 713 000	1 165 000	595 000	204 000
Depreciation	35 000	33 000	33 000	28 000
Impairment	0	0	0	0
Expenditure	6 016 000	4 038 000	2 490 000	2 523 000
Operating Profit	52 000	453 000	24 000	−22 000
Financial Income	0	0	0	0
Financial Costs	3 000	5 000	7 000	11 000
Financial Balance	−3 000	−5 000	−7 000	−11 000
Dividends	0	0	0	0
Net Income	37 000	350 000	17 000	−32 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	75 000	74 000	107 000	140 000
Total Tangible Assets	75 000	74 000	107 000	140 000
Total Fiancial Fixed Assets	292 000	60 000	5 000	5 000
Total Fixed Assets	367 000	134 000	112 000	145 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	135 000	245 000	5 000	30 000
Total Current Assets	568 000	1 002 000	86 000	209 000
Total Assets	935 000	1 136 000	198 000	354 000
Total Equity	428 000	392 000	42 000	24 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	15 000	64 000	113 000
Creditors	53 000	437 000	14 000	155 000
Unpaid Taxes	74 000	61 000	8 000	37 000
Dividends	0	0	0	0
Other Current Debt	366 000	133 000	70 000	24 000
Total Current Debt	507 000	729 000	93 000	216 000
Total Equity and Debt	935 000	1 136 000	198 000	354 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,64 %	89,29 %	40,48 %	−133,33 %
Debt-to-Equity Ratio	0	0,04	1,52	4,71
Operating Profit Margin	0,86 %	10,09 %	0,95 %	−0,88 %
Current Ratio	1,12	1,37	0,92	0,97
Quick Ratio	1,12	1,37	0,92	0,97
Equity Ratio	0,46	0,35	0,21	0,07
Gross Profit Margin	74,64 %	70,5 %	63,13 %	44,82 %