FITFAGER AS

8514 NARVIK

Finances

Share Ownership

Return on Equity

593,33 %

Current Ratio

1,08

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	937 000	2 278 000	1 789 000	1 358 000
Net Income	178 000	194 000	518 000	350 000
Total Assets	353 000	630 000	851 000	787 000
Total Equity	30 000	47 000	103 000	235 000

Income (NOK)	2022	2021	2020	2019
Revenue	937 000	2 278 000	1 789 000	1 358 000
Expenditure	706 000	2 027 000	1 117 000	911 000
Operating Profit	231 000	251 000	671 000	446 000
Financial Income	1 000	0	0	0
Financial Costs	3 000	3 000	7 000	0
Financial Balance	−2 000	−3 000	−7 000	0
Earnings Before Tax	229 000	248 000	665 000	446 000
Tax	51 000	55 000	147 000	96 000
Net Income	178 000	194 000	518 000	350 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 000	13 000	0	0
Total Current Assets	346 000	617 000	851 000	787 000
Total Assets	353 000	630 000	851 000	787 000
Total Retained Equity	0	17 000	73 000	205 000
Total Equity	30 000	47 000	103 000	235 000
Total Long-Term Debt	2 000	0	0	0
Total Current Debt	321 000	583 000	747 000	552 000
Total Equity and Debt	353 000	630 000	851 000	787 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	937 000	2 278 000	749 000	612 000
Other Income	0	0	1 039 000	746 000
Revenue	937 000	2 278 000	1 789 000	1 358 000
Cost of Goods Sold	0	0	0	0
Salary Costs	499 000	1 757 000	938 000	846 000
Depreciation	6 000	5 000	0	0
Impairment	0	0	0	0
Expenditure	706 000	2 027 000	1 117 000	911 000
Operating Profit	231 000	251 000	671 000	446 000
Financial Income	1 000	0	0	0
Financial Costs	3 000	3 000	7 000	0
Financial Balance	−2 000	−3 000	−7 000	0
Dividends	195 000	250 000	650 000	140 000
Net Income	178 000	194 000	518 000	350 000

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	7 000	13 000	0	0
Total Tangible Assets	7 000	13 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 000	13 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	226 000	475 000	668 000	647 000
Total Current Assets	346 000	617 000	851 000	787 000
Total Assets	353 000	630 000	851 000	787 000
Total Equity	30 000	47 000	103 000	235 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	0	0	0
Creditors	7 000	18 000	10 000	0
Unpaid Taxes	19 000	86 000	45 000	229 000
Dividends	195 000	250 000	650 000	140 000
Other Current Debt	50 000	175 000	96 000	87 000
Total Current Debt	321 000	583 000	747 000	552 000
Total Equity and Debt	353 000	630 000	851 000	787 000

Financial indicators	2022	2021	2020	2019
Return on Equity	593,33 %	412,77 %	502,91 %	148,94 %
Debt-to-Equity Ratio	0,07	0	0	0
Operating Profit Margin	24,65 %	11,02 %	37,51 %	32,84 %
Current Ratio	1,08	1,06	1,14	1,43
Quick Ratio	1,08	1,06	1,14	1,43
Equity Ratio	0,08	0,07	0,12	0,3
Gross Profit Margin	100 %	100 %	100 %	100 %