FOSSEN ELEKTRO AS

1821 SPYDEBERG

Finances

Share Ownership

Return on Equity

−9,71 %

Current Ratio

6,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	954 000	1 513 000	1 238 000	1 272 000
Net Income	−78 000	213 000	84 000	−96 000
Total Assets	958 000	1 126 000	887 000	829 000
Total Equity	803 000	882 000	669 000	585 000

Income (NOK)	2022	2021	2020	2019
Revenue	954 000	1 513 000	1 238 000	1 272 000
Expenditure	1 056 000	1 241 000	1 131 000	1 396 000
Operating Profit	−102 000	271 000	107 000	−123 000
Financial Income	2 000	2 000	0	1 000
Financial Costs	0	0	0	1 000
Financial Balance	2 000	2 000	0	0
Earnings Before Tax	−100 000	273 000	107 000	−123 000
Tax	−22 000	60 000	24 000	−27 000
Net Income	−78 000	213 000	84 000	−96 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	22 000	0	4 000	27 000
Total Current Assets	936 000	1 126 000	884 000	802 000
Total Assets	958 000	1 126 000	887 000	829 000
Total Retained Equity	773 000	852 000	639 000	555 000
Total Equity	803 000	882 000	669 000	585 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	155 000	245 000	219 000	244 000
Total Equity and Debt	958 000	1 126 000	887 000	829 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	954 000	1 513 000	1 235 000	1 272 000
Other Income	0	0	3 000	0
Revenue	954 000	1 513 000	1 238 000	1 272 000
Cost of Goods Sold	442 000	614 000	633 000	535 000
Salary Costs	298 000	248 000	225 000	521 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 056 000	1 241 000	1 131 000	1 396 000
Operating Profit	−102 000	271 000	107 000	−123 000
Financial Income	2 000	2 000	0	1 000
Financial Costs	0	0	0	1 000
Financial Balance	2 000	2 000	0	0
Dividends	0	0	0	0
Net Income	−78 000	213 000	84 000	−96 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 000	0	4 000	27 000
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	22 000	0	4 000	27 000
Stock	65 000	53 000	0	67 000
Total Investments	0	0	0	0
Cash, Bank	619 000	695 000	841 000	490 000
Total Current Assets	936 000	1 126 000	884 000	802 000
Total Assets	958 000	1 126 000	887 000	829 000
Total Equity	803 000	882 000	669 000	585 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	54 000	54 000	45 000	79 000
Unpaid Taxes	77 000	69 000	53 000	81 000
Dividends	0	0	0	0
Other Current Debt	23 000	65 000	120 000	84 000
Total Current Debt	155 000	245 000	219 000	244 000
Total Equity and Debt	958 000	1 126 000	887 000	829 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,71 %	24,15 %	12,56 %	−16,41 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−10,69 %	17,91 %	8,64 %	−9,67 %
Current Ratio	6,04	4,6	4,04	3,29
Quick Ratio	10,4	5,86	4,04	4,53
Equity Ratio	0,84	0,78	0,75	0,71
Gross Profit Margin	53,67 %	59,42 %	48,87 %	57,94 %