FOSEN VERKSTEDSENTER AS

7170 ÅFJORD

Finances

Return on Equity

10,67 %

Current Ratio

2,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 517 000	19 598 000	19 490 000	21 307 000
Net Income	586 000	415 000	790 000	1 105 000
Total Assets	8 309 000	8 134 000	8 515 000	8 905 000
Total Equity	5 491 000	5 304 000	5 389 000	5 350 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 517 000	19 598 000	19 490 000	21 307 000
Expenditure	19 721 000	19 017 000	18 455 000	19 868 000
Operating Profit	796 000	580 000	1 035 000	1 439 000
Financial Income	12 000	38 000	19 000	19 000
Financial Costs	56 000	80 000	42 000	39 000
Financial Balance	−44 000	−42 000	−23 000	−20 000
Earnings Before Tax	752 000	538 000	1 012 000	1 419 000
Tax	166 000	123 000	223 000	314 000
Net Income	586 000	415 000	790 000	1 105 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 455 000	1 482 000	1 494 000	744 000
Total Current Assets	6 854 000	6 652 000	7 021 000	8 160 000
Total Assets	8 309 000	8 134 000	8 515 000	8 905 000
Total Retained Equity	4 491 000	4 304 000	0	4 350 000
Total Equity	5 491 000	5 304 000	5 389 000	5 350 000
Total Long-Term Debt	11 000	0	0	0
Total Current Debt	2 808 000	2 829 000	3 126 000	3 555 000
Total Equity and Debt	8 309 000	8 134 000	8 515 000	8 905 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 517 000	19 598 000	19 446 000	21 307 000
Other Income	0	0	44 000	0
Revenue	20 517 000	19 598 000	19 490 000	21 307 000
Cost of Goods Sold	8 270 000	8 142 000	8 452 000	9 553 000
Salary Costs	6 835 000	6 466 000	5 610 000	6 187 000
Depreciation	300 000	281 000	228 000	183 000
Impairment	0	0	0	0
Expenditure	19 721 000	19 017 000	18 455 000	19 868 000
Operating Profit	796 000	580 000	1 035 000	1 439 000
Financial Income	12 000	38 000	19 000	19 000
Financial Costs	56 000	80 000	42 000	39 000
Financial Balance	−44 000	−42 000	−23 000	−20 000
Dividends	400 000	500 000	0	1 000 000
Net Income	586 000	415 000	790 000	1 105 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	10 000	32 000	60 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 455 000	1 472 000	1 461 000	684 000
Total Tangible Assets	1 455 000	1 472 000	1 461 000	684 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 455 000	1 482 000	1 494 000	744 000
Stock	2 538 000	1 798 000	1 834 000	1 676 000
Total Investments	0	0	0	0
Cash, Bank	1 034 000	2 739 000	2 533 000	4 417 000
Total Current Assets	6 854 000	6 652 000	7 021 000	8 160 000
Total Assets	8 309 000	8 134 000	8 515 000	8 905 000
Total Equity	5 491 000	5 304 000	5 389 000	5 350 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 000	0	0	0
Creditors	1 097 000	663 000	975 000	769 000
Unpaid Taxes	400 000	741 000	586 000	844 000
Dividends	400 000	500 000	0	1 000 000
Other Current Debt	767 000	825 000	620 000	632 000
Total Current Debt	2 808 000	2 829 000	3 126 000	3 555 000
Total Equity and Debt	8 309 000	8 134 000	8 515 000	8 905 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,67 %	7,82 %	14,66 %	20,65 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,88 %	2,96 %	5,31 %	6,75 %
Current Ratio	2,44	2,35	2,25	2,3
Quick Ratio	25,39	6,45	5,43	4,34
Equity Ratio	0,66	0,65	0,63	0,6
Gross Profit Margin	59,69 %	58,45 %	56,63 %	55,16 %