FLOVEGEN 12 AS

6800 FØRDE

Finances

Share Ownership

Return on Equity

22,06 %

Current Ratio

1,08

Debt-to-Equity Ratio

14,54

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 284 000	3 038 000	2 768 000	2 666 000
Net Income	375 000	440 000	472 000	311 000
Total Assets	27 736 000	27 604 000	29 233 000	26 604 000
Total Equity	1 700 000	1 675 000	1 636 000	1 664 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 284 000	3 038 000	2 768 000	2 666 000
Expenditure	1 688 000	1 573 000	1 273 000	1 269 000
Operating Profit	1 596 000	1 465 000	1 495 000	1 397 000
Financial Income	0	0	0	0
Financial Costs	1 058 000	844 000	833 000	941 000
Financial Balance	−1 058 000	−844 000	−833 000	−941 000
Earnings Before Tax	538 000	621 000	662 000	456 000
Tax	163 000	182 000	191 000	146 000
Net Income	375 000	440 000	472 000	311 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	26 319 000	26 863 000	26 016 000	25 968 000
Total Current Assets	1 417 000	741 000	3 217 000	636 000
Total Assets	27 736 000	27 604 000	29 233 000	26 604 000
Total Retained Equity	300 000	275 000	236 000	264 000
Total Equity	1 700 000	1 675 000	1 636 000	1 664 000
Total Long-Term Debt	24 719 000	24 630 000	25 579 000	24 515 000
Total Current Debt	1 317 000	1 299 000	2 018 000	424 000
Total Equity and Debt	27 736 000	27 604 000	29 233 000	26 604 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	354 000	267 000	62 000	10 000
Other Income	2 930 000	2 772 000	2 706 000	2 656 000
Revenue	3 284 000	3 038 000	2 768 000	2 666 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	905 000	946 000	783 000	832 000
Impairment	0	0	0	0
Expenditure	1 688 000	1 573 000	1 273 000	1 269 000
Operating Profit	1 596 000	1 465 000	1 495 000	1 397 000
Financial Income	0	0	0	0
Financial Costs	1 058 000	844 000	833 000	941 000
Financial Balance	−1 058 000	−844 000	−833 000	−941 000
Dividends	350 000	400 000	500 000	0
Net Income	375 000	440 000	472 000	311 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	26 319 000	26 839 000	26 016 000	25 860 000
Machinery and Plant Facilities	0	24 000	0	108 000
Fixtures	0	0	0	0
Total Tangible Assets	26 319 000	26 863 000	26 016 000	25 968 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	26 319 000	26 863 000	26 016 000	25 968 000
Stock	150 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 008 000	494 000	3 197 000	398 000
Total Current Assets	1 417 000	741 000	3 217 000	636 000
Total Assets	27 736 000	27 604 000	29 233 000	26 604 000
Total Equity	1 700 000	1 675 000	1 636 000	1 664 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	24 719 000	24 630 000	25 579 000	24 515 000
Creditors	128 000	34 000	331 000	114 000
Unpaid Taxes	0	0	103 000	2 000
Dividends	350 000	400 000	500 000	0
Other Current Debt	1 025 000	1 214 000	1 584 000	307 000
Total Current Debt	1 317 000	1 299 000	2 018 000	424 000
Total Equity and Debt	27 736 000	27 604 000	29 233 000	26 604 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,06 %	26,27 %	28,85 %	18,69 %
Debt-to-Equity Ratio	14,54	14,7	15,64	14,73
Operating Profit Margin	48,6 %	48,22 %	54,01 %	52,4 %
Current Ratio	1,08	0,57	1,59	1,5
Quick Ratio	1,21	0,57	1,59	1,5
Equity Ratio	0,06	0,06	0,06	0,06
Gross Profit Margin	100 %	100 %	100 %	100 %