FLEXCOAT AS

6060 HAREID

Finances

Share Ownership

Return on Equity

1,25 %

Current Ratio

6,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	290 000	113 000	385 000	624 000
Net Income	1 000	−231 000	118 000	14 000
Total Assets	93 000	40 000	392 000	387 000
Total Equity	80 000	78 000	309 000	191 000

Income (NOK)	2022	2021	2020	2019
Revenue	290 000	113 000	385 000	624 000
Expenditure	285 000	345 000	241 000	606 000
Operating Profit	5 000	−232 000	144 000	18 000
Financial Income	0	1 000	0	0
Financial Costs	4 000	0	1 000	4 000
Financial Balance	−4 000	1 000	−1 000	−4 000
Earnings Before Tax	1 000	−231 000	144 000	14 000
Tax	0	0	26 000	0
Net Income	1 000	−231 000	118 000	14 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	93 000	40 000	392 000	387 000
Total Assets	93 000	40 000	392 000	387 000
Total Retained Equity	−41 000	−43 000	188 000	70 000
Total Equity	80 000	78 000	309 000	191 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	14 000	−38 000	83 000	195 000
Total Equity and Debt	93 000	40 000	392 000	387 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	290 000	113 000	296 000	712 000
Other Income	0	0	88 000	−88 000
Revenue	290 000	113 000	385 000	624 000
Cost of Goods Sold	242 000	275 000	170 000	515 000
Salary Costs	0	0	35 000	38 000
Depreciation	0	0	0	23 000
Impairment	0	0	0	0
Expenditure	285 000	345 000	241 000	606 000
Operating Profit	5 000	−232 000	144 000	18 000
Financial Income	0	1 000	0	0
Financial Costs	4 000	0	1 000	4 000
Financial Balance	−4 000	1 000	−1 000	−4 000
Dividends	0	0	0	40 000
Net Income	1 000	−231 000	118 000	14 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	7 000	7 000	18 000	51 000
Total Investments	0	0	0	0
Cash, Bank	30 000	−30 000	71 000	222 000
Total Current Assets	93 000	40 000	392 000	387 000
Total Assets	93 000	40 000	392 000	387 000
Total Equity	80 000	78 000	309 000	191 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	65 000	13 000	16 000
Unpaid Taxes	−4 000	−25 000	41 000	45 000
Dividends	0	0	0	40 000
Other Current Debt	14 000	14 000	3 000	94 000
Total Current Debt	14 000	−38 000	83 000	195 000
Total Equity and Debt	93 000	40 000	392 000	387 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,25 %	−296,15 %	38,19 %	7,33 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,72 %	−205,31 %	37,4 %	2,88 %
Current Ratio	6,64	−1,05	4,72	1,98
Quick Ratio	13,29	−0,89	6,03	2,69
Equity Ratio	0,86	1,95	0,79	0,49
Gross Profit Margin	16,55 %	−143,36 %	55,84 %	17,47 %