FLEX LNG FLEET MANAGEMENT AS

0250 OSLO

Finances

Share Ownership

Return on Equity

27,11 %

Current Ratio

1,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 818 000	10 574 000	8 410 000	2 121 000
Net Income	343 000	433 000	352 000	107 000
Total Assets	2 985 000	5 461 000	8 587 000	2 150 000
Total Equity	1 265 000	923 000	489 000	137 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 818 000	10 574 000	8 410 000	2 121 000
Expenditure	9 380 000	10 019 000	7 958 000	1 984 000
Operating Profit	438 000	555 000	452 000	138 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	0
Earnings Before Tax	439 000	555 000	451 000	138 000
Tax	97 000	122 000	99 000	30 000
Net Income	343 000	433 000	352 000	107 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	2 985 000	5 461 000	8 587 000	2 150 000
Total Assets	2 985 000	5 461 000	8 587 000	2 150 000
Total Retained Equity	1 235 000	893 000	459 000	107 000
Total Equity	1 265 000	923 000	489 000	137 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 719 000	4 539 000	8 098 000	2 013 000
Total Equity and Debt	2 985 000	5 461 000	8 587 000	2 150 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 818 000	10 574 000	8 410 000	2 121 000
Other Income	0	0	0	0
Revenue	9 818 000	10 574 000	8 410 000	2 121 000
Cost of Goods Sold	9 176 000	9 883 000	7 897 000	1 933 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	9 380 000	10 019 000	7 958 000	1 984 000
Operating Profit	438 000	555 000	452 000	138 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	0
Dividends	0	0	0	0
Net Income	343 000	433 000	352 000	107 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	499 000	2 770 000	6 521 000	−1 000
Total Current Assets	2 985 000	5 461 000	8 587 000	2 150 000
Total Assets	2 985 000	5 461 000	8 587 000	2 150 000
Total Equity	1 265 000	923 000	489 000	137 000
Short-Term Group Debt	1 623 000	4 371 000	7 897 000	1 933 000
Total Long-Term Debt	0	0	0	0
Creditors	0	46 000	51 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	50 000	50 000
Total Current Debt	1 719 000	4 539 000	8 098 000	2 013 000
Total Equity and Debt	2 985 000	5 461 000	8 587 000	2 150 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,11 %	46,91 %	71,98 %	78,1 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,46 %	5,25 %	5,37 %	6,51 %
Current Ratio	1,74	1,2	1,06	1,07
Quick Ratio	1,74	1,2	1,06	1,07
Equity Ratio	0,42	0,17	0,06	0,06
Gross Profit Margin	6,54 %	6,53 %	6,1 %	8,86 %