FLOW ELEKTRO MIDT-NORGE AS

7031 TRONDHEIM

Finances

Share Ownership

Return on Equity

−583,51 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	6 336 000	13 227 000	4 852 000
Net Income	−2 690 000	−3 309 000	−2 180 000
Total Assets	9 805 000	8 252 000	2 672 000
Total Equity	461 000	811 000	820 000

Income (NOK)	2022	2021	2020
Revenue	6 336 000	13 227 000	4 852 000
Expenditure	9 501 000	16 499 000	7 017 000
Operating Profit	−3 165 000	−3 272 000	−2 164 000
Financial Income	14 000	10 000	3 000
Financial Costs	200 000	46 000	19 000
Financial Balance	−186 000	−36 000	−16 000
Earnings Before Tax	−3 350 000	−3 309 000	−2 180 000
Tax	−660 000	0	0
Net Income	−2 690 000	−3 309 000	−2 180 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	157 000	182 000	217 000
Total Current Assets	9 648 000	8 070 000	2 455 000
Total Assets	9 805 000	8 252 000	2 672 000
Total Retained Equity	0	0	0
Total Equity	461 000	811 000	820 000
Total Long-Term Debt	0	0	0
Total Current Debt	9 344 000	7 441 000	1 852 000
Total Equity and Debt	9 805 000	8 252 000	2 672 000

Cash flow (NOK)	2022	2021	2020
Sales Income	6 336 000	13 227 000	4 852 000
Other Income	0	0	0
Revenue	6 336 000	13 227 000	4 852 000
Cost of Goods Sold	1 828 000	6 368 000	1 700 000
Salary Costs	5 907 000	7 998 000	3 877 000
Depreciation	62 000	55 000	49 000
Impairment	0	0	0
Expenditure	9 501 000	16 499 000	7 017 000
Operating Profit	−3 165 000	−3 272 000	−2 164 000
Financial Income	14 000	10 000	3 000
Financial Costs	200 000	46 000	19 000
Financial Balance	−186 000	−36 000	−16 000
Dividends	0	0	0
Net Income	−2 690 000	−3 309 000	−2 180 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	157 000	182 000	217 000
Total Tangible Assets	157 000	182 000	217 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	157 000	182 000	217 000
Stock	278 000	201 000	58 000
Total Investments	0	0	0
Cash, Bank	169 000	258 000	605 000
Total Current Assets	9 648 000	8 070 000	2 455 000
Total Assets	9 805 000	8 252 000	2 672 000
Total Equity	461 000	811 000	820 000
Short-Term Group Debt	7 776 000	3 950 000	0
Total Long-Term Debt	0	0	0
Creditors	719 000	1 452 000	703 000
Unpaid Taxes	388 000	656 000	487 000
Dividends	0	0	0
Other Current Debt	460 000	1 382 000	661 000
Total Current Debt	9 344 000	7 441 000	1 852 000
Total Equity and Debt	9 805 000	8 252 000	2 672 000

Financial indicators	2022	2021	2020
Return on Equity	−583,51 %	−408,01 %	−265,85 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−49,95 %	−24,74 %	−44,6 %
Current Ratio	1,03	1,08	1,33
Quick Ratio	1,06	1,11	1,37
Equity Ratio	0,05	0,1	0,31
Gross Profit Margin	71,15 %	51,86 %	64,96 %