FLATSETSUND ENGINEERING AS

6518 KRISTIANSUND N

Finances

Share Ownership

Return on Equity

22,58 %

Current Ratio

1,96

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	79 892 000	85 427 000	70 521 000	39 125 000
Net Income	8 584 000	10 578 000	15 553 000	−304 000
Total Assets	76 715 000	55 298 000	57 850 000	44 053 000
Total Equity	38 012 000	29 428 000	25 640 000	19 266 000

Income (NOK)	2022	2021	2020	2019
Revenue	79 892 000	85 427 000	70 521 000	39 125 000
Expenditure	74 730 000	71 933 000	47 482 000	38 481 000
Operating Profit	9 525 000	13 695 000	20 711 000	71 000
Financial Income	1 508 000	96 000	82 000	28 000
Financial Costs	758 000	454 000	910 000	780 000
Financial Balance	750 000	−358 000	−828 000	−752 000
Earnings Before Tax	10 275 000	13 336 000	19 883 000	−681 000
Tax	1 691 000	2 758 000	4 329 000	−378 000
Net Income	8 584 000	10 578 000	15 553 000	−304 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 979 000	25 316 000	19 596 000	23 050 000
Total Current Assets	64 736 000	29 982 000	38 254 000	21 003 000
Total Assets	76 715 000	55 298 000	57 850 000	44 053 000
Total Retained Equity	36 748 000	28 164 000	24 376 000	18 002 000
Total Equity	38 012 000	29 428 000	25 640 000	19 266 000
Total Long-Term Debt	5 606 000	6 275 000	8 545 000	13 400 000
Total Current Debt	33 097 000	19 596 000	23 666 000	11 387 000
Total Equity and Debt	76 715 000	55 298 000	57 850 000	44 053 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	78 968 000	85 427 000	70 601 000	38 326 000
Other Income	924 000	0	−80 000	799 000
Revenue	79 892 000	85 427 000	70 521 000	39 125 000
Cost of Goods Sold	45 537 000	31 766 000	23 989 000	20 419 000
Salary Costs	18 942 000	16 589 000	13 446 000	9 857 000
Depreciation	4 074 000	3 608 000	1 689 000	1 460 000
Impairment	0	10 673 000	0	0
Expenditure	74 730 000	71 933 000	47 482 000	38 481 000
Operating Profit	9 525 000	13 695 000	20 711 000	71 000
Financial Income	1 508 000	96 000	82 000	28 000
Financial Costs	758 000	454 000	910 000	780 000
Financial Balance	750 000	−358 000	−828 000	−752 000
Dividends	0	0	6 000 000	0
Net Income	8 584 000	10 578 000	15 553 000	−304 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 965 000	11 405 000	4 823 000	6 358 000
Real Eastate	0	0	182 000	454 000
Machinery and Plant Facilities	572 000	663 000	83 000	118 000
Fixtures	442 000	674 000	633 000	508 000
Total Tangible Assets	1 014 000	1 337 000	898 000	1 080 000
Total Fiancial Fixed Assets	0	12 575 000	13 875 000	15 612 000
Total Fixed Assets	11 979 000	25 316 000	19 596 000	23 050 000
Stock	14 291 000	9 928 000	9 727 000	12 055 000
Total Investments	0	0	0	0
Cash, Bank	1 104 000	15 577 000	11 849 000	3 452 000
Total Current Assets	64 736 000	29 982 000	38 254 000	21 003 000
Total Assets	76 715 000	55 298 000	57 850 000	44 053 000
Total Equity	38 012 000	29 428 000	25 640 000	19 266 000
Short-Term Group Debt	9 138 000	0	4 077 000	0
Total Long-Term Debt	5 606 000	6 275 000	8 545 000	13 400 000
Creditors	8 897 000	4 577 000	1 487 000	3 533 000
Unpaid Taxes	1 343 000	1 272 000	888 000	1 111 000
Dividends	0	0	6 000 000	0
Other Current Debt	6 643 000	13 134 000	8 227 000	6 742 000
Total Current Debt	33 097 000	19 596 000	23 666 000	11 387 000
Total Equity and Debt	76 715 000	55 298 000	57 850 000	44 053 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,58 %	35,95 %	60,66 %	−1,58 %
Debt-to-Equity Ratio	0,15	0,21	0,33	0,7
Operating Profit Margin	11,92 %	16,03 %	29,37 %	0,18 %
Current Ratio	1,96	1,53	1,62	1,84
Quick Ratio	3,44	3,1	2,74	−31,44
Equity Ratio	0,5	0,53	0,44	0,44
Gross Profit Margin	43 %	62,82 %	65,98 %	47,81 %