FLAGGFABRIKKEN AS

3267 LARVIK

Finances

Share Ownership

Return on Equity

36,39 %

Current Ratio

2,39

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 352 000	9 417 000	7 147 000	8 150 000
Net Income	1 180 000	941 000	93 000	−21 000
Total Assets	5 554 000	5 370 000	4 873 000	5 084 000
Total Equity	3 243 000	2 063 000	4 122 000	4 129 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 352 000	9 417 000	7 147 000	8 150 000
Expenditure	9 844 000	8 211 000	7 035 000	8 182 000
Operating Profit	1 509 000	1 206 000	112 000	−33 000
Financial Income	13 000	3 000	5 000	12 000
Financial Costs	1 000	0	0	1 000
Financial Balance	12 000	3 000	5 000	11 000
Earnings Before Tax	1 521 000	1 209 000	117 000	−21 000
Tax	341 000	268 000	24 000	0
Net Income	1 180 000	941 000	93 000	−21 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	22 000	37 000	60 000	90 000
Total Current Assets	5 531 000	5 332 000	4 813 000	4 995 000
Total Assets	5 554 000	5 370 000	4 873 000	5 084 000
Total Retained Equity	3 143 000	1 963 000	4 022 000	4 029 000
Total Equity	3 243 000	2 063 000	4 122 000	4 129 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 311 000	3 306 000	751 000	955 000
Total Equity and Debt	5 554 000	5 370 000	4 873 000	5 084 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 352 000	9 417 000	7 109 000	8 149 000
Other Income	0	0	38 000	1 000
Revenue	11 352 000	9 417 000	7 147 000	8 150 000
Cost of Goods Sold	4 752 000	3 902 000	3 231 000	3 025 000
Salary Costs	3 923 000	3 081 000	2 815 000	4 020 000
Depreciation	15 000	22 000	30 000	25 000
Impairment	0	0	0	0
Expenditure	9 844 000	8 211 000	7 035 000	8 182 000
Operating Profit	1 509 000	1 206 000	112 000	−33 000
Financial Income	13 000	3 000	5 000	12 000
Financial Costs	1 000	0	0	1 000
Financial Balance	12 000	3 000	5 000	11 000
Dividends	0	0	100 000	100 000
Net Income	1 180 000	941 000	93 000	−21 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	22 000	37 000	41 000	90 000
Total Tangible Assets	22 000	37 000	41 000	90 000
Total Fiancial Fixed Assets	0	0	19 000	0
Total Fixed Assets	22 000	37 000	60 000	90 000
Stock	2 140 000	2 202 000	2 265 000	2 856 000
Total Investments	0	0	0	0
Cash, Bank	2 523 000	2 705 000	2 019 000	1 850 000
Total Current Assets	5 531 000	5 332 000	4 813 000	4 995 000
Total Assets	5 554 000	5 370 000	4 873 000	5 084 000
Total Equity	3 243 000	2 063 000	4 122 000	4 129 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	10 000	184 000	5 000	13 000
Unpaid Taxes	630 000	613 000	400 000	517 000
Dividends	0	0	100 000	100 000
Other Current Debt	1 330 000	2 242 000	221 000	325 000
Total Current Debt	2 311 000	3 306 000	751 000	955 000
Total Equity and Debt	5 554 000	5 370 000	4 873 000	5 084 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,39 %	45,61 %	2,26 %	−0,51 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,29 %	12,81 %	1,57 %	−0,4 %
Current Ratio	2,39	1,61	6,41	5,23
Quick Ratio	32,35	4,83	−3,18	−2,63
Equity Ratio	0,58	0,38	0,85	0,81
Gross Profit Margin	58,14 %	58,56 %	54,79 %	62,88 %