FINCOIL LU-VE OY NORWEGIAN BRANCH

3132 HUSØYSUND

Finances

Share Ownership

Return on Equity

27,91 %

Current Ratio

1,39

Debt-to-Equity Ratio

Key figures (EUR)	2022	2021	2020
Revenue	43 338 000	31 206 000	1 939 000
Net Income	1 713 000	−495 000	458 000
Total Assets	18 541 000	15 439 000	742 000
Total Equity	6 137 000	4 425 000	458 000

Income (EUR)	2022	2021	2020
Revenue	43 338 000	31 206 000	1 939 000
Expenditure	41 828 000	32 123 000	1 352 000
Operating Profit	2 204 000	−365 000	587 000
Financial Income	35 000	39 000	0
Financial Costs	260 000	156 000	0
Financial Balance	−225 000	−117 000	0
Earnings Before Tax	1 979 000	−482 000	587 000
Tax	266 000	13 000	129 000
Net Income	1 713 000	−495 000	458 000

Balance (EUR)	2022	2021	2020
Total Fixed Assets	1 280 000	1 105 000	742 000
Total Current Assets	17 260 000	14 334 000	0
Total Assets	18 541 000	15 439 000	742 000
Total Retained Equity	4 947 000	3 235 000	458 000
Total Equity	6 137 000	4 425 000	458 000
Total Long-Term Debt	0	0	0
Total Current Debt	12 403 000	11 014 000	284 000
Total Equity and Debt	18 541 000	15 439 000	742 000

Cash flow (EUR)	2022	2021	2020
Sales Income	43 338 000	31 206 000	1 939 000
Other Income	0	0	0
Revenue	43 338 000	31 206 000	1 939 000
Cost of Goods Sold	28 221 000	19 902 000	0
Salary Costs	7 705 000	7 388 000	976 000
Depreciation	319 000	300 000	0
Impairment	0	0	0
Expenditure	41 828 000	32 123 000	1 352 000
Operating Profit	2 204 000	−365 000	587 000
Financial Income	35 000	39 000	0
Financial Costs	260 000	156 000	0
Financial Balance	−225 000	−117 000	0
Dividends	0	0	0
Net Income	1 713 000	−495 000	458 000

Balance details (EUR)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	181 000	12 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	1 096 000	1 089 000	0
Fixtures	0	0	0
Total Tangible Assets	1 096 000	1 089 000	0
Total Fiancial Fixed Assets	3 000	3 000	742 000
Total Fixed Assets	1 280 000	1 105 000	742 000
Stock	12 592 000	7 098 000	0
Total Investments	0	0	0
Cash, Bank	328 000	170 000	0
Total Current Assets	17 260 000	14 334 000	0
Total Assets	18 541 000	15 439 000	742 000
Total Equity	6 137 000	4 425 000	458 000
Short-Term Group Debt	5 596 000	3 176 000	0
Total Long-Term Debt	0	0	0
Creditors	2 383 000	4 856 000	0
Unpaid Taxes	296 000	0	70 000
Dividends	0	0	0
Other Current Debt	3 806 000	2 982 000	85 000
Total Current Debt	12 403 000	11 014 000	284 000
Total Equity and Debt	18 541 000	15 439 000	742 000

Financial indicators	2022	2021	2020
Return on Equity	27,91 %	−11,19 %	100 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	5,09 %	−1,17 %	30,27 %
Current Ratio	1,39	1,3	0
Quick Ratio	−91,32	3,66	0
Equity Ratio	0,33	0,29	0,62
Gross Profit Margin	34,88 %	36,22 %	100 %