FLORVAAG ELEKTRONIKK AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

35,61 %

Current Ratio

2,02

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	37 787 000	40 272 000	37 696 000	26 312 000
Net Income	2 931 000	3 740 000	2 649 000	1 370 000
Total Assets	16 676 000	14 543 000	18 968 000	14 349 000
Total Equity	8 231 000	8 300 000	7 560 000	4 910 000

Income (NOK)	2022	2021	2020	2019
Revenue	37 787 000	40 272 000	37 696 000	26 312 000
Expenditure	30 886 000	29 286 000	39 726 000	26 250 000
Operating Profit	3 669 000	4 779 000	3 462 000	1 749 000
Financial Income	103 000	32 000	8 000	36 000
Financial Costs	11 000	15 000	74 000	28 000
Financial Balance	92 000	17 000	−66 000	8 000
Earnings Before Tax	3 761 000	4 796 000	3 396 000	1 757 000
Tax	830 000	1 056 000	747 000	387 000
Net Income	2 931 000	3 740 000	2 649 000	1 370 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	145 000	398 000	599 000	843 000
Total Current Assets	16 531 000	14 145 000	18 369 000	13 505 000
Total Assets	16 676 000	14 543 000	18 968 000	14 349 000
Total Retained Equity	1 152 000	1 220 000	7 360 000	4 710 000
Total Equity	8 231 000	8 300 000	7 560 000	4 910 000
Total Long-Term Debt	272 000	406 000	544 000	671 000
Total Current Debt	8 172 000	5 836 000	10 865 000	8 767 000
Total Equity and Debt	16 676 000	14 543 000	18 968 000	14 349 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	37 717 000	40 110 000	31 324 000	19 992 000
Other Income	70 000	162 000	6 372 000	6 320 000
Revenue	37 787 000	40 272 000	37 696 000	26 312 000
Cost of Goods Sold	22 219 000	21 435 000	31 399 000	19 003 000
Salary Costs	6 275 000	5 454 000	5 727 000	5 062 000
Depreciation	249 000	259 000	258 000	272 000
Impairment	0	0	0	0
Expenditure	30 886 000	29 286 000	39 726 000	26 250 000
Operating Profit	3 669 000	4 779 000	3 462 000	1 749 000
Financial Income	103 000	32 000	8 000	36 000
Financial Costs	11 000	15 000	74 000	28 000
Financial Balance	92 000	17 000	−66 000	8 000
Dividends	3 000 000	0	0	1 250 000
Net Income	2 931 000	3 740 000	2 649 000	1 370 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	94 000	97 000	70 000	56 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	51 000	301 000	529 000	788 000
Total Tangible Assets	51 000	301 000	529 000	788 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	145 000	398 000	599 000	843 000
Stock	6 359 000	2 661 000	8 868 000	3 675 000
Total Investments	0	0	0	0
Cash, Bank	5 788 000	10 437 000	4 151 000	1 483 000
Total Current Assets	16 531 000	14 145 000	18 369 000	13 505 000
Total Assets	16 676 000	14 543 000	18 968 000	14 349 000
Total Equity	8 231 000	8 300 000	7 560 000	4 910 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	272 000	406 000	544 000	671 000
Creditors	2 952 000	355 000	4 185 000	1 261 000
Unpaid Taxes	880 000	811 000	382 000	955 000
Dividends	3 000 000	0	0	1 250 000
Other Current Debt	514 000	588 000	5 537 000	4 921 000
Total Current Debt	8 172 000	5 836 000	10 865 000	8 767 000
Total Equity and Debt	16 676 000	14 543 000	18 968 000	14 349 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,61 %	45,06 %	35,04 %	27,9 %
Debt-to-Equity Ratio	0,03	0,05	0,07	0,14
Operating Profit Margin	9,71 %	11,87 %	9,18 %	6,65 %
Current Ratio	2,02	2,42	1,69	1,54
Quick Ratio	9,12	4,46	9,2	2,65
Equity Ratio	0,49	0,57	0,4	0,34
Gross Profit Margin	41,2 %	46,77 %	16,7 %	27,78 %