FLORVÅG INVEST AS

5011 BERGEN

Finances

Share Ownership

Return on Equity

59,03 %

Current Ratio

1,71

Debt-to-Equity Ratio

146,67

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 535 000	−8 000	15 000	14 000
Net Income	183 000	−43 000	−42 000	−46 000
Total Assets	45 785 000	235 000	254 000	220 000
Total Equity	310 000	−619 000	−576 000	−535 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 535 000	−8 000	15 000	14 000
Expenditure	2 253 000	23 000	43 000	42 000
Operating Profit	282 000	−31 000	−28 000	−28 000
Financial Income	0	0	0	0
Financial Costs	47 000	25 000	25 000	31 000
Financial Balance	−47 000	−25 000	−25 000	−31 000
Earnings Before Tax	235 000	−55 000	−53 000	−59 000
Tax	52 000	−12 000	−12 000	−13 000
Net Income	183 000	−43 000	−42 000	−46 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	45 772 000	203 000	191 000	179 000
Total Current Assets	12 000	33 000	63 000	41 000
Total Assets	45 785 000	235 000	254 000	220 000
Total Retained Equity	0	−719 000	−676 000	−635 000
Total Equity	310 000	−619 000	−576 000	−535 000
Total Long-Term Debt	45 468 000	855 000	830 000	755 000
Total Current Debt	7 000	0	0	0
Total Equity and Debt	45 785 000	235 000	254 000	220 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	2 535 000	−8 000	15 000	14 000
Revenue	2 535 000	−8 000	15 000	14 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	2 133 000	0	0	0
Impairment	0	0	0	0
Expenditure	2 253 000	23 000	43 000	42 000
Operating Profit	282 000	−31 000	−28 000	−28 000
Financial Income	0	0	0	0
Financial Costs	47 000	25 000	25 000	31 000
Financial Balance	−47 000	−25 000	−25 000	−31 000
Dividends	0	0	0	0
Net Income	183 000	−43 000	−42 000	−46 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	907 000	203 000	191 000	179 000
Real Eastate	44 467 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	398 000	0	0	0
Total Tangible Assets	44 865 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	45 772 000	203 000	191 000	179 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	12 000	33 000	63 000	41 000
Total Assets	45 785 000	235 000	254 000	220 000
Total Equity	310 000	−619 000	−576 000	−535 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	45 468 000	855 000	830 000	755 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	7 000	0	0	0
Total Current Debt	7 000	0	0	0
Total Equity and Debt	45 785 000	235 000	254 000	220 000

Financial indicators	2022	2021	2020	2019
Return on Equity	59,03 %	6,95 %	7,29 %	8,6 %
Debt-to-Equity Ratio	146,67	−1,38	−1,44	−1,41
Operating Profit Margin	11,12 %	387,5 %	−186,67 %	−200 %
Current Ratio	1,71	-	-	-
Quick Ratio	1,71	-	-	-
Equity Ratio	0,01	−2,63	−2,27	−2,43
Gross Profit Margin	100 %	100 %	100 %	100 %