FROVÅG MASKIN AS

9392 STONGLANDSEIDET

Finances

Share Ownership

Return on Equity

43,63 %

Current Ratio

3,31

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 543 000	5 886 000	5 124 000	4 318 000
Net Income	1 302 000	438 000	239 000	986 000
Total Assets	4 172 000	2 700 000	2 125 000	2 562 000
Total Equity	2 984 000	1 682 000	1 244 000	1 005 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 543 000	5 886 000	5 124 000	4 318 000
Expenditure	5 868 000	5 282 000	4 802 000	3 044 000
Operating Profit	1 675 000	603 000	323 000	1 275 000
Financial Income	1 000	0	0	0
Financial Costs	6 000	7 000	16 000	12 000
Financial Balance	−5 000	−7 000	−16 000	−12 000
Earnings Before Tax	1 670 000	596 000	307 000	1 264 000
Tax	368 000	158 000	68 000	278 000
Net Income	1 302 000	438 000	239 000	986 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	684 000	297 000	344 000	261 000
Total Current Assets	3 488 000	2 403 000	1 781 000	2 301 000
Total Assets	4 172 000	2 700 000	2 125 000	2 562 000
Total Retained Equity	2 954 000	1 652 000	1 214 000	975 000
Total Equity	2 984 000	1 682 000	1 244 000	1 005 000
Total Long-Term Debt	135 000	102 000	208 000	303 000
Total Current Debt	1 053 000	916 000	672 000	1 254 000
Total Equity and Debt	4 172 000	2 700 000	2 125 000	2 562 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 818 000	5 886 000	5 124 000	4 318 000
Other Income	725 000	0	0	0
Revenue	7 543 000	5 886 000	5 124 000	4 318 000
Cost of Goods Sold	447 000	551 000	580 000	771 000
Salary Costs	2 388 000	2 127 000	1 724 000	1 176 000
Depreciation	52 000	69 000	56 000	4 000
Impairment	0	0	0	0
Expenditure	5 868 000	5 282 000	4 802 000	3 044 000
Operating Profit	1 675 000	603 000	323 000	1 275 000
Financial Income	1 000	0	0	0
Financial Costs	6 000	7 000	16 000	12 000
Financial Balance	−5 000	−7 000	−16 000	−12 000
Dividends	0	0	0	0
Net Income	1 302 000	438 000	239 000	986 000

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	16 000	20 000	0	0
Fixtures	154 000	276 000	344 000	261 000
Total Tangible Assets	170 000	297 000	344 000	261 000
Total Fiancial Fixed Assets	514 000	0	0	0
Total Fixed Assets	684 000	297 000	344 000	261 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 892 000	845 000	424 000	446 000
Total Current Assets	3 488 000	2 403 000	1 781 000	2 301 000
Total Assets	4 172 000	2 700 000	2 125 000	2 562 000
Total Equity	2 984 000	1 682 000	1 244 000	1 005 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	135 000	102 000	208 000	303 000
Creditors	245 000	223 000	267 000	550 000
Unpaid Taxes	328 000	361 000	182 000	333 000
Dividends	0	0	0	0
Other Current Debt	229 000	194 000	161 000	116 000
Total Current Debt	1 053 000	916 000	672 000	1 254 000
Total Equity and Debt	4 172 000	2 700 000	2 125 000	2 562 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,63 %	26,04 %	19,21 %	98,11 %
Debt-to-Equity Ratio	0,05	0,06	0,17	0,3
Operating Profit Margin	22,21 %	10,24 %	6,3 %	29,53 %
Current Ratio	3,31	2,62	2,65	1,83
Quick Ratio	3,31	2,62	2,65	1,83
Equity Ratio	0,72	0,62	0,59	0,39
Gross Profit Margin	94,07 %	90,64 %	88,68 %	82,14 %