FLAGE INVEST AS

5700 VOSS

Finances

Return on Equity

−6,83 %

Current Ratio

1,43

Debt-to-Equity Ratio

2,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	402 499 000	364 709 000	402 517 000	417 300 000
Net Income	−4 161 000	4 867 000	4 254 000	5 312 000
Total Assets	351 116 000	275 899 000	288 862 000	271 857 000
Total Equity	60 937 000	65 098 000	60 231 000	55 977 000

Income (NOK)	2022	2021	2020	2019
Revenue	402 499 000	364 709 000	402 517 000	417 300 000
Expenditure	400 819 000	355 484 000	418 382 000	381 231 000
Operating Profit	1 680 000	9 225 000	9 748 000	11 921 000
Financial Income	662 000	620 000	484 000	721 000
Financial Costs	7 558 000	4 218 000	4 753 000	5 708 000
Financial Balance	−6 896 000	−3 598 000	−4 269 000	−4 987 000
Earnings Before Tax	−5 216 000	5 627 000	5 479 000	6 934 000
Tax	−1 055 000	761 000	1 225 000	1 623 000
Net Income	−4 161 000	4 867 000	4 254 000	5 312 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	175 821 000	128 009 000	136 261 000	130 780 000
Total Current Assets	175 295 000	147 889 000	152 601 000	141 077 000
Total Assets	351 116 000	275 899 000	288 862 000	271 857 000
Total Retained Equity	59 660 000	63 821 000	58 954 000	54 700 000
Total Equity	60 937 000	65 098 000	60 231 000	55 977 000
Total Long-Term Debt	167 471 000	117 567 000	126 424 000	122 036 000
Total Current Debt	122 708 000	93 234 000	102 207 000	93 845 000
Total Equity and Debt	351 116 000	275 899 000	288 862 000	271 857 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	397 487 000	361 265 000	400 051 000	414 184 000
Other Income	5 012 000	3 444 000	2 467 000	3 116 000
Revenue	402 499 000	364 709 000	402 517 000	417 300 000
Cost of Goods Sold	174 244 000	170 783 000	197 817 000	223 439 000
Salary Costs	89 154 000	80 899 000	80 774 000	67 240 000
Depreciation	33 850 000	33 700 000	30 392 000	27 454 000
Impairment	0	0	0	0
Expenditure	400 819 000	355 484 000	418 382 000	381 231 000
Operating Profit	1 680 000	9 225 000	9 748 000	11 921 000
Financial Income	662 000	620 000	484 000	721 000
Financial Costs	7 558 000	4 218 000	4 753 000	5 708 000
Financial Balance	−6 896 000	−3 598 000	−4 269 000	−4 987 000
Dividends	0	0	0	0
Net Income	−4 161 000	4 867 000	4 254 000	5 312 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	57 307 000	18 567 000	22 391 000	23 571 000
Machinery and Plant Facilities	116 217 000	108 440 000	112 498 000	106 855 000
Fixtures	0	0	0	0
Total Tangible Assets	173 524 000	127 007 000	134 889 000	130 426 000
Total Fiancial Fixed Assets	2 297 000	1 002 000	1 371 000	354 000
Total Fixed Assets	175 821 000	128 009 000	136 261 000	130 780 000
Stock	24 885 000	13 454 000	13 112 000	11 878 000
Total Investments	0	0	0	0
Cash, Bank	28 056 000	27 671 000	29 383 000	30 773 000
Total Current Assets	175 295 000	147 889 000	152 601 000	141 077 000
Total Assets	351 116 000	275 899 000	288 862 000	271 857 000
Total Equity	60 937 000	65 098 000	60 231 000	55 977 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	167 471 000	117 567 000	126 424 000	122 036 000
Creditors	35 195 000	33 128 000	23 391 000	46 342 000
Unpaid Taxes	15 871 000	13 683 000	12 884 000	14 650 000
Dividends	0	0	0	0
Other Current Debt	30 751 000	19 543 000	18 856 000	17 284 000
Total Current Debt	122 708 000	93 234 000	102 207 000	93 845 000
Total Equity and Debt	351 116 000	275 899 000	288 862 000	271 857 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,83 %	7,48 %	7,06 %	9,49 %
Debt-to-Equity Ratio	2,75	1,81	2,1	2,18
Operating Profit Margin	0,42 %	2,53 %	2,42 %	2,86 %
Current Ratio	1,43	1,59	1,49	1,5
Quick Ratio	1,79	1,85	1,71	1,72
Equity Ratio	0,17	0,24	0,21	0,21
Gross Profit Margin	56,71 %	53,17 %	50,85 %	46,46 %