FLORVAAG EIENDOM AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

17,91 %

Current Ratio

12,87

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	450 000	364 000	344 000	300 000
Net Income	288 000	197 000	78 000	166 000
Total Assets	1 723 000	1 417 000	1 535 000	1 678 000
Total Equity	1 608 000	1 320 000	1 123 000	1 395 000

Income (NOK)	2022	2021	2020	2019
Revenue	450 000	364 000	344 000	300 000
Expenditure	81 000	111 000	243 000	88 000
Operating Profit	369 000	252 000	100 000	213 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Earnings Before Tax	369 000	252 000	100 000	213 000
Tax	81 000	56 000	22 000	47 000
Net Income	288 000	197 000	78 000	166 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	655 000	562 000	1 193 000	534 000
Total Current Assets	1 068 000	855 000	342 000	1 144 000
Total Assets	1 723 000	1 417 000	1 535 000	1 678 000
Total Retained Equity	1 532 000	1 244 000	1 047 000	1 207 000
Total Equity	1 608 000	1 320 000	1 123 000	1 395 000
Total Long-Term Debt	32 000	31 000	29 000	26 000
Total Current Debt	83 000	67 000	383 000	257 000
Total Equity and Debt	1 723 000	1 417 000	1 535 000	1 678 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	450 000	364 000	344 000	300 000
Revenue	450 000	364 000	344 000	300 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	9 000	7 000	147 000	7 000
Impairment	0	0	0	0
Expenditure	81 000	111 000	243 000	88 000
Operating Profit	369 000	252 000	100 000	213 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Dividends	0	0	350 000	400 000
Net Income	288 000	197 000	78 000	166 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	655 000	562 000	569 000	523 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	624 000	0
Total Tangible Assets	655 000	562 000	1 193 000	523 000
Total Fiancial Fixed Assets	0	0	0	11 000
Total Fixed Assets	655 000	562 000	1 193 000	534 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 048 000	835 000	315 000	1 133 000
Total Current Assets	1 068 000	855 000	342 000	1 144 000
Total Assets	1 723 000	1 417 000	1 535 000	1 678 000
Total Equity	1 608 000	1 320 000	1 123 000	1 395 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	32 000	31 000	29 000	26 000
Creditors	3 000	1 000	3 000	4 000
Unpaid Taxes	0	11 000	11 000	7 000
Dividends	0	0	350 000	400 000
Other Current Debt	0	0	0	0
Total Current Debt	83 000	67 000	383 000	257 000
Total Equity and Debt	1 723 000	1 417 000	1 535 000	1 678 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,91 %	14,92 %	6,95 %	11,9 %
Debt-to-Equity Ratio	0,02	0,02	0,03	0,02
Operating Profit Margin	82 %	69,23 %	29,07 %	71 %
Current Ratio	12,87	12,76	0,89	4,45
Quick Ratio	12,87	12,76	0,89	4,45
Equity Ratio	0,93	0,93	0,73	0,83
Gross Profit Margin	100 %	100 %	100 %	100 %