FLOWBIRD NORGE AS

1251 OSLO

Finances

Share Ownership

Return on Equity

7,26 %

Current Ratio

2,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 708 000	44 333 000	42 559 000	53 881 000
Net Income	1 539 000	3 481 000	1 980 000	2 416 000
Total Assets	33 232 000	30 581 000	33 765 000	40 685 000
Total Equity	21 185 000	19 646 000	16 165 000	14 185 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 708 000	44 333 000	42 559 000	53 881 000
Expenditure	37 762 000	39 920 000	39 974 000	50 816 000
Operating Profit	1 946 000	4 413 000	2 585 000	3 065 000
Financial Income	96 000	92 000	68 000	115 000
Financial Costs	63 000	42 000	114 000	78 000
Financial Balance	33 000	50 000	−46 000	37 000
Earnings Before Tax	1 978 000	4 462 000	2 539 000	3 103 000
Tax	439 000	982 000	559 000	687 000
Net Income	1 539 000	3 481 000	1 980 000	2 416 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 254 000	8 432 000	10 738 000	14 914 000
Total Current Assets	24 979 000	22 149 000	23 027 000	25 771 000
Total Assets	33 232 000	30 581 000	33 765 000	40 685 000
Total Retained Equity	21 085 000	19 546 000	16 065 000	14 085 000
Total Equity	21 185 000	19 646 000	16 165 000	14 185 000
Total Long-Term Debt	0	0	338 000	449 000
Total Current Debt	12 047 000	10 935 000	17 262 000	26 051 000
Total Equity and Debt	33 232 000	30 581 000	33 765 000	40 685 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	39 457 000	44 019 000	40 812 000	52 861 000
Other Income	251 000	314 000	1 747 000	1 019 000
Revenue	39 708 000	44 333 000	42 559 000	53 881 000
Cost of Goods Sold	19 539 000	23 460 000	21 854 000	29 227 000
Salary Costs	10 649 000	10 048 000	8 638 000	12 965 000
Depreciation	1 559 000	1 687 000	1 979 000	1 797 000
Impairment	0	0	2 956 000	15 000
Expenditure	37 762 000	39 920 000	39 974 000	50 816 000
Operating Profit	1 946 000	4 413 000	2 585 000	3 065 000
Financial Income	96 000	92 000	68 000	115 000
Financial Costs	63 000	42 000	114 000	78 000
Financial Balance	33 000	50 000	−46 000	37 000
Dividends	0	0	0	0
Net Income	1 539 000	3 481 000	1 980 000	2 416 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 405 000	6 420 000	7 834 000	10 068 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	47 000	0	0	0
Fixtures	1 059 000	1 735 000	2 841 000	4 710 000
Total Tangible Assets	1 107 000	1 735 000	2 841 000	4 710 000
Total Fiancial Fixed Assets	1 742 000	276 000	63 000	136 000
Total Fixed Assets	8 254 000	8 432 000	10 738 000	14 914 000
Stock	9 272 000	8 580 000	7 745 000	4 907 000
Total Investments	0	0	0	0
Cash, Bank	6 354 000	4 725 000	8 217 000	7 579 000
Total Current Assets	24 979 000	22 149 000	23 027 000	25 771 000
Total Assets	33 232 000	30 581 000	33 765 000	40 685 000
Total Equity	21 185 000	19 646 000	16 165 000	14 185 000
Short-Term Group Debt	1 792 000	1 437 000	1 420 000	10 494 000
Total Long-Term Debt	0	0	338 000	449 000
Creditors	5 011 000	4 440 000	4 376 000	3 345 000
Unpaid Taxes	2 215 000	2 007 000	3 200 000	4 215 000
Dividends	0	0	0	0
Other Current Debt	2 533 000	2 410 000	7 009 000	7 382 000
Total Current Debt	12 047 000	10 935 000	17 262 000	26 051 000
Total Equity and Debt	33 232 000	30 581 000	33 765 000	40 685 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,26 %	17,72 %	12,25 %	17,03 %
Debt-to-Equity Ratio	0	0	0,02	0,03
Operating Profit Margin	4,9 %	9,95 %	6,07 %	5,69 %
Current Ratio	2,07	2,03	1,33	0,99
Quick Ratio	9	9,41	2,42	1,22
Equity Ratio	0,64	0,64	0,48	0,35
Gross Profit Margin	50,79 %	47,08 %	48,65 %	45,76 %