PIPING/WELDING CONTRACTING FLEKKEFJORD AS

4480 KVINESDAL

Finances

Share Ownership

Return on Equity

56,78 %

Current Ratio

0,69

Debt-to-Equity Ratio

5,15

Key figures (NOK)	2019	2018	2017	2016
Revenue	55 218 000	35 955 000	20 295 000	12 166 000
Net Income	155 000	−1 045 000	−759 000	−820 000
Total Assets	11 532 000	11 521 000	8 668 000	7 376 000
Total Equity	273 000	118 000	663 000	1 522 000

Income (NOK)	2019	2018	2017	2016
Revenue	55 218 000	35 955 000	20 295 000	12 166 000
Expenditure	54 883 000	36 744 000	20 809 000	12 798 000
Operating Profit	335 000	−789 000	−514 000	−633 000
Financial Income	69 000	13 000	15 000	12 000
Financial Costs	249 000	269 000	259 000	200 000
Financial Balance	−180 000	−256 000	−244 000	−188 000
Earnings Before Tax	155 000	−1 045 000	−759 000	−820 000
Tax	0	0	0	0
Net Income	155 000	−1 045 000	−759 000	−820 000

Balance (NOK)	2019	2018	2017	2016
Total Fixed Assets	4 692 000	4 725 000	4 487 000	4 469 000
Total Current Assets	6 839 000	6 796 000	4 180 000	2 907 000
Total Assets	11 532 000	11 521 000	8 668 000	7 376 000
Total Retained Equity	148 000	−7 000	363 000	1 222 000
Total Equity	273 000	118 000	663 000	1 522 000
Total Long-Term Debt	1 405 000	1 648 000	2 334 000	2 552 000
Total Current Debt	9 854 000	9 755 000	5 671 000	3 302 000
Total Equity and Debt	11 532 000	11 521 000	8 668 000	7 376 000

Cash flow (NOK)	2019	2018	2017	2016
Sales Income	54 708 000	35 019 000	19 794 000	11 653 000
Other Income	509 000	936 000	501 000	513 000
Revenue	55 218 000	35 955 000	20 295 000	12 166 000
Cost of Goods Sold	109 000	339 000	338 000	26 000
Salary Costs	47 530 000	31 001 000	15 658 000	9 320 000
Depreciation	368 000	153 000	215 000	141 000
Impairment	0	0	0	0
Expenditure	54 883 000	36 744 000	20 809 000	12 798 000
Operating Profit	335 000	−789 000	−514 000	−633 000
Financial Income	69 000	13 000	15 000	12 000
Financial Costs	249 000	269 000	259 000	200 000
Financial Balance	−180 000	−256 000	−244 000	−188 000
Dividends	0	0	0	0
Net Income	155 000	−1 045 000	−759 000	−820 000

Balance details (NOK)	2019	2018	2017	2016
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 982 000	1 982 000	1 982 000	1 982 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	940 000	930 000	845 000	827 000
Total Tangible Assets	2 922 000	2 912 000	2 827 000	2 809 000
Total Fiancial Fixed Assets	1 771 000	1 813 000	1 661 000	1 661 000
Total Fixed Assets	4 692 000	4 725 000	4 487 000	4 469 000
Stock	0	28 000	28 000	28 000
Total Investments	0	0	0	0
Cash, Bank	2 179 000	1 680 000	958 000	503 000
Total Current Assets	6 839 000	6 796 000	4 180 000	2 907 000
Total Assets	11 532 000	11 521 000	8 668 000	7 376 000
Total Equity	273 000	118 000	663 000	1 522 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 405 000	1 648 000	2 334 000	2 552 000
Creditors	84 000	238 000	161 000	91 000
Unpaid Taxes	4 525 000	5 069 000	3 789 000	1 913 000
Dividends	0	0	0	0
Other Current Debt	5 244 000	3 901 000	1 628 000	811 000
Total Current Debt	9 854 000	9 755 000	5 671 000	3 302 000
Total Equity and Debt	11 532 000	11 521 000	8 668 000	7 376 000

Financial indicators	2019	2018	2017	2016
Return on Equity	56,78 %	−885,59 %	−114,48 %	−53,88 %
Debt-to-Equity Ratio	5,15	13,97	3,52	1,68
Operating Profit Margin	0,61 %	−2,19 %	−2,53 %	−5,2 %
Current Ratio	0,69	0,7	0,74	0,88
Quick Ratio	0,69	0,7	0,74	0,89
Equity Ratio	0,02	0,01	0,08	0,21
Gross Profit Margin	99,8 %	99,06 %	98,33 %	99,79 %