FIRSTCHOICE AS

1364 FORNEBU

Finances

Share Ownership

Return on Equity

14,09 %

Current Ratio

2,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 242 000	1 209 000	1 575 000	7 841 000
Net Income	111 000	6 000	−1 000	128 000
Total Assets	1 283 000	1 294 000	1 258 000	2 259 000
Total Equity	788 000	652 000	646 000	648 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 242 000	1 209 000	1 575 000	7 841 000
Expenditure	3 117 000	1 203 000	1 584 000	7 694 000
Operating Profit	125 000	5 000	−9 000	147 000
Financial Income	6 000	2 000	8 000	18 000
Financial Costs	3 000	0	0	0
Financial Balance	3 000	2 000	8 000	18 000
Earnings Before Tax	128 000	8 000	−2 000	165 000
Tax	17 000	2 000	0	36 000
Net Income	111 000	6 000	−1 000	128 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	58 000	58 000	87 000	129 000
Total Current Assets	1 225 000	1 235 000	1 171 000	2 130 000
Total Assets	1 283 000	1 294 000	1 258 000	2 259 000
Total Retained Equity	688 000	552 000	546 000	548 000
Total Equity	788 000	652 000	646 000	648 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	496 000	641 000	611 000	1 611 000
Total Equity and Debt	1 283 000	1 294 000	1 258 000	2 259 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 242 000	1 209 000	1 575 000	7 771 000
Other Income	0	0	0	70 000
Revenue	3 242 000	1 209 000	1 575 000	7 841 000
Cost of Goods Sold	2 653 000	649 000	1 074 000	6 620 000
Salary Costs	238 000	192 000	295 000	627 000
Depreciation	28 000	29 000	43 000	64 000
Impairment	0	0	0	0
Expenditure	3 117 000	1 203 000	1 584 000	7 694 000
Operating Profit	125 000	5 000	−9 000	147 000
Financial Income	6 000	2 000	8 000	18 000
Financial Costs	3 000	0	0	0
Financial Balance	3 000	2 000	8 000	18 000
Dividends	0	0	0	0
Net Income	111 000	6 000	−1 000	128 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	1 000	1 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	55 000	57 000	86 000	129 000
Total Tangible Assets	55 000	57 000	86 000	129 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	58 000	58 000	87 000	129 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 146 000	1 159 000	1 130 000	2 081 000
Total Current Assets	1 225 000	1 235 000	1 171 000	2 130 000
Total Assets	1 283 000	1 294 000	1 258 000	2 259 000
Total Equity	788 000	652 000	646 000	648 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	34 000	38 000	50 000	150 000
Unpaid Taxes	16 000	9 000	13 000	44 000
Dividends	0	0	0	0
Other Current Debt	427 000	593 000	547 000	1 378 000
Total Current Debt	496 000	641 000	611 000	1 611 000
Total Equity and Debt	1 283 000	1 294 000	1 258 000	2 259 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,09 %	0,92 %	−0,15 %	19,75 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,86 %	0,41 %	−0,57 %	1,87 %
Current Ratio	2,47	1,93	1,92	1,32
Quick Ratio	2,47	1,93	1,92	1,32
Equity Ratio	0,61	0,5	0,51	0,29
Gross Profit Margin	18,17 %	46,32 %	31,81 %	15,57 %