E. FLATELAND AS

3350 PRESTFOSS

Finances

Share Ownership

Return on Equity

15,57 %

Current Ratio

2,49

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	2 349 000	2 425 000	791 000
Net Income	123 000	566 000	71 000
Total Assets	1 280 000	1 198 000	288 000
Total Equity	790 000	667 000	101 000

Income (NOK)	2022	2021	2020
Revenue	2 349 000	2 425 000	791 000
Expenditure	2 187 000	1 693 000	700 000
Operating Profit	163 000	733 000	91 000
Financial Income	0	0	0
Financial Costs	4 000	1 000	0
Financial Balance	−4 000	−1 000	0
Earnings Before Tax	158 000	732 000	91 000
Tax	35 000	166 000	20 000
Net Income	123 000	566 000	71 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	60 000	47 000	0
Total Current Assets	1 219 000	1 150 000	288 000
Total Assets	1 280 000	1 198 000	288 000
Total Retained Equity	760 000	637 000	71 000
Total Equity	790 000	667 000	101 000
Total Long-Term Debt	0	0	0
Total Current Debt	490 000	531 000	188 000
Total Equity and Debt	1 280 000	1 198 000	288 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 349 000	2 425 000	791 000
Other Income	0	1 000	0
Revenue	2 349 000	2 425 000	791 000
Cost of Goods Sold	1 048 000	1 205 000	460 000
Salary Costs	785 000	317 000	193 000
Depreciation	17 000	9 000	0
Impairment	0	0	0
Expenditure	2 187 000	1 693 000	700 000
Operating Profit	163 000	733 000	91 000
Financial Income	0	0	0
Financial Costs	4 000	1 000	0
Financial Balance	−4 000	−1 000	0
Dividends	0	0	0
Net Income	123 000	566 000	71 000

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	60 000	47 000	0
Total Tangible Assets	60 000	47 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	60 000	47 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	236 000	827 000	152 000
Total Current Assets	1 219 000	1 150 000	288 000
Total Assets	1 280 000	1 198 000	288 000
Total Equity	790 000	667 000	101 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	112 000	179 000	88 000
Unpaid Taxes	68 000	143 000	61 000
Dividends	0	0	0
Other Current Debt	275 000	48 000	18 000
Total Current Debt	490 000	531 000	188 000
Total Equity and Debt	1 280 000	1 198 000	288 000

Financial indicators	2022	2021	2020
Return on Equity	15,57 %	84,86 %	70,3 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	6,94 %	30,23 %	11,5 %
Current Ratio	2,49	2,17	1,53
Quick Ratio	2,49	2,17	1,53
Equity Ratio	0,62	0,56	0,35
Gross Profit Margin	55,39 %	50,31 %	41,85 %