FJORD CYCLING AS

6873 MARIFJØRA

Finances

Share Ownership

Return on Equity

49,56 %

Current Ratio

1,42

Debt-to-Equity Ratio

0,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 516 000	571 000	295 000	821 000
Net Income	169 000	29 000	18 000	−9 000
Total Assets	768 000	494 000	303 000	287 000
Total Equity	341 000	172 000	143 000	−76 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 516 000	571 000	295 000	821 000
Expenditure	1 300 000	534 000	277 000	830 000
Operating Profit	216 000	37 000	17 000	−8 000
Financial Income	9 000	0	0	0
Financial Costs	23 000	8 000	0	1 000
Financial Balance	−14 000	−8 000	0	−1 000
Earnings Before Tax	203 000	29 000	18 000	−9 000
Tax	34 000	0	0	0
Net Income	169 000	29 000	18 000	−9 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	332 000	187 000	45 000	55 000
Total Current Assets	437 000	307 000	258 000	232 000
Total Assets	768 000	494 000	303 000	287 000
Total Retained Equity	116 000	−53 000	−82 000	−100 000
Total Equity	341 000	172 000	143 000	−76 000
Total Long-Term Debt	120 000	151 000	0	200 000
Total Current Debt	308 000	171 000	160 000	163 000
Total Equity and Debt	768 000	494 000	303 000	287 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 516 000	571 000	295 000	713 000
Other Income	0	0	0	108 000
Revenue	1 516 000	571 000	295 000	821 000
Cost of Goods Sold	825 000	248 000	78 000	583 000
Salary Costs	152 000	1 000	3 000	2 000
Depreciation	40 000	26 000	19 000	25 000
Impairment	0	0	0	0
Expenditure	1 300 000	534 000	277 000	830 000
Operating Profit	216 000	37 000	17 000	−8 000
Financial Income	9 000	0	0	0
Financial Costs	23 000	8 000	0	1 000
Financial Balance	−14 000	−8 000	0	−1 000
Dividends	0	0	0	0
Net Income	169 000	29 000	18 000	−9 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	60 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	272 000	187 000	45 000	55 000
Total Tangible Assets	272 000	187 000	45 000	55 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	332 000	187 000	45 000	55 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	435 000	303 000	243 000	193 000
Total Current Assets	437 000	307 000	258 000	232 000
Total Assets	768 000	494 000	303 000	287 000
Total Equity	341 000	172 000	143 000	−76 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	120 000	151 000	0	200 000
Creditors	4 000	5 000	0	6 000
Unpaid Taxes	2 000	4 000	3 000	0
Dividends	0	0	0	0
Other Current Debt	268 000	162 000	157 000	158 000
Total Current Debt	308 000	171 000	160 000	163 000
Total Equity and Debt	768 000	494 000	303 000	287 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,56 %	16,86 %	12,59 %	11,84 %
Debt-to-Equity Ratio	0,35	0,88	0	−2,63
Operating Profit Margin	14,25 %	6,48 %	5,76 %	−0,97 %
Current Ratio	1,42	1,8	1,61	1,42
Quick Ratio	1,42	1,8	1,61	1,42
Equity Ratio	0,44	0,35	0,47	−0,26
Gross Profit Margin	45,58 %	56,57 %	73,56 %	28,99 %