FINNANGER OG DEVIKA VASSLAG SA

7819 FOSSLANDSOSEN

Finances

Share Ownership

Return on Equity

12,33 %

Current Ratio

2,69

Debt-to-Equity Ratio

Key figures (NOK)	2022	2020	2019
Revenue	168 000	152 000	162 000
Net Income	37 000	−14 000	23 000
Total Assets	342 000	324 000	375 000
Total Equity	300 000	218 000	232 000

Income (NOK)	2022	2020	2019
Revenue	168 000	152 000	162 000
Expenditure	120 000	165 000	127 000
Operating Profit	49 000	−13 000	35 000
Financial Income	1 000	1 000	2 000
Financial Costs	1 000	5 000	7 000
Financial Balance	0	−4 000	−5 000
Earnings Before Tax	48 000	−17 000	30 000
Tax	12 000	−3 000	7 000
Net Income	37 000	−14 000	23 000

Balance (NOK)	2022	2020	2019
Total Fixed Assets	229 000	274 000	284 000
Total Current Assets	113 000	50 000	91 000
Total Assets	342 000	324 000	375 000
Total Retained Equity	300 000	218 000	232 000
Total Equity	300 000	218 000	232 000
Total Long-Term Debt	0	74 000	110 000
Total Current Debt	42 000	31 000	33 000
Total Equity and Debt	342 000	324 000	375 000

Cash flow (NOK)	2022	2020	2019
Sales Income	168 000	152 000	162 000
Other Income	0	0	0
Revenue	168 000	152 000	162 000
Cost of Goods Sold	28 000	26 000	26 000
Salary Costs	10 000	49 000	29 000
Depreciation	23 000	14 000	16 000
Impairment	0	0	0
Expenditure	120 000	165 000	127 000
Operating Profit	49 000	−13 000	35 000
Financial Income	1 000	1 000	2 000
Financial Costs	1 000	5 000	7 000
Financial Balance	0	−4 000	−5 000
Dividends	0	0	0
Net Income	37 000	−14 000	23 000

Balance details (NOK)	2022	2020	2019
Goodwill	0	0	0
Total Intangible Assets	5 000	14 000	10 000
Real Eastate	224 000	243 000	253 000
Machinery and Plant Facilities	0	17 000	21 000
Fixtures	0	0	0
Total Tangible Assets	224 000	260 000	274 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	229 000	274 000	284 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	111 000	40 000	83 000
Total Current Assets	113 000	50 000	91 000
Total Assets	342 000	324 000	375 000
Total Equity	300 000	218 000	232 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	74 000	110 000
Creditors	0	−1 000	4 000
Unpaid Taxes	28 000	27 000	27 000
Dividends	0	0	0
Other Current Debt	1 000	5 000	2 000
Total Current Debt	42 000	31 000	33 000
Total Equity and Debt	342 000	324 000	375 000

Financial indicators	2022	2020	2019
Return on Equity	12,33 %	−6,42 %	9,91 %
Debt-to-Equity Ratio	0	0,34	0,47
Operating Profit Margin	29,17 %	−8,55 %	21,6 %
Current Ratio	2,69	1,61	2,76
Quick Ratio	2,69	1,61	2,76
Equity Ratio	0,88	0,67	0,62
Gross Profit Margin	83,33 %	82,89 %	83,95 %