FLOWTEC AS

4050 SOLA

Finances

Share Ownership

Return on Equity

8,48 %

Current Ratio

1,44

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	63 470 000	55 950 000	58 068 000	56 336 000
Net Income	1 097 000	1 077 000	2 147 000	981 000
Total Assets	41 944 000	33 495 000	38 878 000	32 410 000
Total Equity	12 931 000	11 835 000	11 835 000	11 795 000

Income (NOK)	2022	2021	2020	2019
Revenue	63 470 000	55 950 000	58 068 000	56 336 000
Expenditure	61 891 000	54 769 000	55 128 000	54 472 000
Operating Profit	1 580 000	1 180 000	2 940 000	1 865 000
Financial Income	692 000	815 000	771 000	357 000
Financial Costs	837 000	606 000	958 000	981 000
Financial Balance	−145 000	209 000	−187 000	−624 000
Earnings Before Tax	1 435 000	1 390 000	2 754 000	1 241 000
Tax	338 000	313 000	606 000	260 000
Net Income	1 097 000	1 077 000	2 147 000	981 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	525 000	803 000	881 000	586 000
Total Current Assets	41 419 000	32 693 000	37 997 000	31 824 000
Total Assets	41 944 000	33 495 000	38 878 000	32 410 000
Total Retained Equity	7 911 000	6 815 000	6 815 000	6 775 000
Total Equity	12 931 000	11 835 000	11 835 000	11 795 000
Total Long-Term Debt	227 000	0	0	0
Total Current Debt	28 786 000	21 661 000	27 043 000	20 615 000
Total Equity and Debt	41 944 000	33 495 000	38 878 000	32 410 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	63 470 000	55 950 000	58 068 000	56 336 000
Other Income	0	0	0	0
Revenue	63 470 000	55 950 000	58 068 000	56 336 000
Cost of Goods Sold	43 349 000	37 426 000	39 194 000	38 564 000
Salary Costs	12 439 000	12 188 000	11 060 000	11 689 000
Depreciation	166 000	235 000	253 000	243 000
Impairment	0	0	0	0
Expenditure	61 891 000	54 769 000	55 128 000	54 472 000
Operating Profit	1 580 000	1 180 000	2 940 000	1 865 000
Financial Income	692 000	815 000	771 000	357 000
Financial Costs	837 000	606 000	958 000	981 000
Financial Balance	−145 000	209 000	−187 000	−624 000
Dividends	0	0	0	0
Net Income	1 097 000	1 077 000	2 147 000	981 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	111 000	120 000	132 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	525 000	691 000	760 000	454 000
Total Tangible Assets	525 000	691 000	760 000	454 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	525 000	803 000	881 000	586 000
Stock	10 505 000	11 631 000	11 894 000	8 893 000
Total Investments	0	0	0	0
Cash, Bank	440 000	822 000	762 000	22 000
Total Current Assets	41 419 000	32 693 000	37 997 000	31 824 000
Total Assets	41 944 000	33 495 000	38 878 000	32 410 000
Total Equity	12 931 000	11 835 000	11 835 000	11 795 000
Short-Term Group Debt	15 247 000	15 247 000	13 861 000	11 116 000
Total Long-Term Debt	227 000	0	0	0
Creditors	8 968 000	3 365 000	9 976 000	5 660 000
Unpaid Taxes	2 739 000	1 314 000	1 587 000	1 457 000
Dividends	0	0	0	0
Other Current Debt	1 832 000	1 735 000	1 618 000	2 383 000
Total Current Debt	28 786 000	21 661 000	27 043 000	20 615 000
Total Equity and Debt	41 944 000	33 495 000	38 878 000	32 410 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,48 %	9,1 %	18,14 %	8,32 %
Debt-to-Equity Ratio	0,02	0	0	0
Operating Profit Margin	2,49 %	2,11 %	5,06 %	3,31 %
Current Ratio	1,44	1,51	1,41	1,54
Quick Ratio	2,27	3,26	2,51	2,71
Equity Ratio	0,31	0,35	0,3	0,36
Gross Profit Margin	31,7 %	33,11 %	32,5 %	31,55 %