FOLLO GOLFSENTER AS

1424 SKI

Finances

Share Ownership

Return on Equity

40,55 %

Current Ratio

2,77

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 798 000	2 179 000	1 717 000	2 039 000
Net Income	444 000	367 000	−25 000	105 000
Total Assets	1 864 000	1 878 000	722 000	752 000
Total Equity	1 095 000	651 000	284 000	309 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 798 000	2 179 000	1 717 000	2 039 000
Expenditure	2 205 000	1 741 000	1 724 000	1 899 000
Operating Profit	593 000	439 000	−8 000	140 000
Financial Income	0	2 000	1 000	1 000
Financial Costs	21 000	3 000	0	6 000
Financial Balance	−21 000	−1 000	1 000	−5 000
Earnings Before Tax	572 000	438 000	−6 000	135 000
Tax	128 000	71 000	19 000	30 000
Net Income	444 000	367 000	−25 000	105 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	555 000	714 000	68 000	104 000
Total Current Assets	1 309 000	1 165 000	655 000	648 000
Total Assets	1 864 000	1 878 000	722 000	752 000
Total Retained Equity	995 000	551 000	184 000	209 000
Total Equity	1 095 000	651 000	284 000	309 000
Total Long-Term Debt	297 000	523 000	129 000	0
Total Current Debt	472 000	704 000	310 000	442 000
Total Equity and Debt	1 864 000	1 878 000	722 000	752 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 771 000	2 148 000	1 640 000	2 039 000
Other Income	27 000	31 000	77 000	0
Revenue	2 798 000	2 179 000	1 717 000	2 039 000
Cost of Goods Sold	588 000	391 000	351 000	299 000
Salary Costs	593 000	441 000	650 000	698 000
Depreciation	159 000	100 000	17 000	99 000
Impairment	0	0	0	0
Expenditure	2 205 000	1 741 000	1 724 000	1 899 000
Operating Profit	593 000	439 000	−8 000	140 000
Financial Income	0	2 000	1 000	1 000
Financial Costs	21 000	3 000	0	6 000
Financial Balance	−21 000	−1 000	1 000	−5 000
Dividends	0	0	0	0
Net Income	444 000	367 000	−25 000	105 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	19 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	40 000	0	0	0
Fixtures	515 000	714 000	68 000	85 000
Total Tangible Assets	555 000	714 000	68 000	85 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	555 000	714 000	68 000	104 000
Stock	66 000	7 000	54 000	85 000
Total Investments	0	0	0	0
Cash, Bank	1 191 000	1 131 000	582 000	525 000
Total Current Assets	1 309 000	1 165 000	655 000	648 000
Total Assets	1 864 000	1 878 000	722 000	752 000
Total Equity	1 095 000	651 000	284 000	309 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	297 000	523 000	129 000	0
Creditors	218 000	491 000	139 000	84 000
Unpaid Taxes	68 000	89 000	110 000	93 000
Dividends	0	0	0	0
Other Current Debt	56 000	49 000	61 000	223 000
Total Current Debt	472 000	704 000	310 000	442 000
Total Equity and Debt	1 864 000	1 878 000	722 000	752 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,55 %	56,37 %	−8,8 %	33,98 %
Debt-to-Equity Ratio	0,27	0,8	0,45	0
Operating Profit Margin	21,19 %	20,15 %	−0,47 %	6,87 %
Current Ratio	2,77	1,65	2,11	1,47
Quick Ratio	3,22	1,67	2,56	1,82
Equity Ratio	0,59	0,35	0,39	0,41
Gross Profit Margin	78,98 %	82,06 %	79,56 %	85,34 %