FOLK I NORD AS

8519 NARVIK

Finances

Share Ownership

Return on Equity

120,41 %

Current Ratio

1,01

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	4 438 000	376 000	127 000
Net Income	59 000	39 000	−79 000
Total Assets	1 484 000	124 000	0
Total Equity	49 000	−10 000	−49 000

Income (NOK)	2022	2021	2020
Revenue	4 438 000	376 000	127 000
Expenditure	4 364 000	334 000	206 000
Operating Profit	73 000	41 000	−79 000
Financial Income	0	1 000	0
Financial Costs	9 000	3 000	0
Financial Balance	−9 000	−2 000	0
Earnings Before Tax	64 000	39 000	−79 000
Tax	5 000	0	0
Net Income	59 000	39 000	−79 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	35 000	9 000	0
Total Current Assets	1 449 000	116 000	0
Total Assets	1 484 000	124 000	0
Total Retained Equity	19 000	−40 000	−79 000
Total Equity	49 000	−10 000	−49 000
Total Long-Term Debt	0	0	0
Total Current Debt	1 435 000	134 000	49 000
Total Equity and Debt	1 484 000	124 000	0

Cash flow (NOK)	2022	2021	2020
Sales Income	4 438 000	376 000	127 000
Other Income	0	0	0
Revenue	4 438 000	376 000	127 000
Cost of Goods Sold	348 000	0	80 000
Salary Costs	2 483 000	124 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	4 364 000	334 000	206 000
Operating Profit	73 000	41 000	−79 000
Financial Income	0	1 000	0
Financial Costs	9 000	3 000	0
Financial Balance	−9 000	−2 000	0
Dividends	0	0	0
Net Income	59 000	39 000	−79 000

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	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	35 000	9 000	0
Total Fixed Assets	35 000	9 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	107 000	59 000	0
Total Current Assets	1 449 000	116 000	0
Total Assets	1 484 000	124 000	0
Total Equity	49 000	−10 000	−49 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	98 000	70 000	41 000
Unpaid Taxes	1 000 000	51 000	−2 000
Dividends	0	0	0
Other Current Debt	332 000	13 000	10 000
Total Current Debt	1 435 000	134 000	49 000
Total Equity and Debt	1 484 000	124 000	0

Financial indicators	2022	2021	2020
Return on Equity	120,41 %	−390 %	161,22 %
Debt-to-Equity Ratio	0	−0	−0
Operating Profit Margin	1,64 %	10,9 %	−62,2 %
Current Ratio	1,01	0,87	0
Quick Ratio	1,01	0,87	0
Equity Ratio	0,03	−0,08	-
Gross Profit Margin	92,16 %	100 %	37,01 %