FOLKVANG ØKONOMI AS

1738 BORGENHAUGEN

Finances

Share Ownership

Return on Equity

28,54 %

Current Ratio

2,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 008 000	2 123 000	1 421 000	585 000
Net Income	282 000	207 000	84 000	−186 000
Total Assets	1 920 000	1 401 000	705 000	222 000
Total Equity	988 000	706 000	499 000	−205 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 008 000	2 123 000	1 421 000	585 000
Expenditure	2 633 000	1 858 000	1 312 000	771 000
Operating Profit	376 000	265 000	109 000	−186 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	1 000	0
Financial Balance	−1 000	0	−1 000	0
Earnings Before Tax	375 000	265 000	108 000	−186 000
Tax	92 000	58 000	24 000	0
Net Income	282 000	207 000	84 000	−186 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 000	0	0	0
Total Current Assets	1 902 000	1 401 000	705 000	222 000
Total Assets	1 920 000	1 401 000	705 000	222 000
Total Retained Equity	958 000	676 000	469 000	−229 000
Total Equity	988 000	706 000	499 000	−205 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	932 000	696 000	206 000	427 000
Total Equity and Debt	1 920 000	1 401 000	705 000	222 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 904 000	2 062 000	1 378 000	564 000
Other Income	105 000	61 000	43 000	21 000
Revenue	3 008 000	2 123 000	1 421 000	585 000
Cost of Goods Sold	0	0	291 000	424 000
Salary Costs	1 904 000	1 427 000	800 000	0
Depreciation	6 000	0	0	0
Impairment	0	0	0	0
Expenditure	2 633 000	1 858 000	1 312 000	771 000
Operating Profit	376 000	265 000	109 000	−186 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	1 000	0
Financial Balance	−1 000	0	−1 000	0
Dividends	0	0	0	0
Net Income	282 000	207 000	84 000	−186 000

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	18 000	0	0	0
Total Tangible Assets	18 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	18 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 485 000	1 095 000	515 000	77 000
Total Current Assets	1 902 000	1 401 000	705 000	222 000
Total Assets	1 920 000	1 401 000	705 000	222 000
Total Equity	988 000	706 000	499 000	−205 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	41 000	272 000	3 000	427 000
Unpaid Taxes	255 000	174 000	97 000	0
Dividends	0	0	0	0
Other Current Debt	544 000	191 000	82 000	0
Total Current Debt	932 000	696 000	206 000	427 000
Total Equity and Debt	1 920 000	1 401 000	705 000	222 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,54 %	29,32 %	16,83 %	90,73 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	12,5 %	12,48 %	7,67 %	−31,79 %
Current Ratio	2,04	2,01	3,42	0,52
Quick Ratio	2,04	2,01	3,42	0,52
Equity Ratio	0,51	0,5	0,71	−0,92
Gross Profit Margin	100 %	100 %	79,52 %	27,52 %