FLOWIT AS

1606 FREDRIKSTAD

Finances

Return on Equity

512,26 %

Current Ratio

0,76

Debt-to-Equity Ratio

41,87

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 108 000	10 822 000	9 649 000	4 335 000
Net Income	543 000	−420 000	156 000	121 000
Total Assets	7 037 000	2 554 000	2 983 000	3 315 000
Total Equity	106 000	−267 000	153 000	1 258 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 108 000	10 822 000	9 649 000	4 335 000
Expenditure	12 282 000	11 443 000	10 069 000	4 136 000
Operating Profit	826 000	−621 000	−420 000	199 000
Financial Income	45 000	1 000	486 000	1 000
Financial Costs	175 000	40 000	42 000	79 000
Financial Balance	−130 000	−39 000	444 000	−78 000
Earnings Before Tax	697 000	−661 000	23 000	121 000
Tax	154 000	−241 000	−132 000	0
Net Income	543 000	−420 000	156 000	121 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 135 000	976 000	290 000	2 233 000
Total Current Assets	1 902 000	1 578 000	2 692 000	1 082 000
Total Assets	7 037 000	2 554 000	2 983 000	3 315 000
Total Retained Equity	−1 184 000	−1 557 000	−1 137 000	258 000
Total Equity	106 000	−267 000	153 000	1 258 000
Total Long-Term Debt	4 438 000	694 000	825 000	899 000
Total Current Debt	2 493 000	2 127 000	2 004 000	1 157 000
Total Equity and Debt	7 037 000	2 554 000	2 983 000	3 315 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	8 662 000	4 335 000
Other Income	13 108 000	10 822 000	987 000	0
Revenue	13 108 000	10 822 000	9 649 000	4 335 000
Cost of Goods Sold	3 809 000	3 231 000	3 640 000	382 000
Salary Costs	6 530 000	6 433 000	4 461 000	2 865 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	12 282 000	11 443 000	10 069 000	4 136 000
Operating Profit	826 000	−621 000	−420 000	199 000
Financial Income	45 000	1 000	486 000	1 000
Financial Costs	175 000	40 000	42 000	79 000
Financial Balance	−130 000	−39 000	444 000	−78 000
Dividends	0	0	0	0
Net Income	543 000	−420 000	156 000	121 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	30 000	278 000	130 000	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	5 105 000	698 000	160 000	2 233 000
Total Fixed Assets	5 135 000	976 000	290 000	2 233 000
Stock	23 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	321 000	954 000	1 260 000	558 000
Total Current Assets	1 902 000	1 578 000	2 692 000	1 082 000
Total Assets	7 037 000	2 554 000	2 983 000	3 315 000
Total Equity	106 000	−267 000	153 000	1 258 000
Short-Term Group Debt	466 000	260 000	260 000	260 000
Total Long-Term Debt	4 438 000	694 000	825 000	899 000
Creditors	268 000	438 000	268 000	61 000
Unpaid Taxes	744 000	584 000	440 000	219 000
Dividends	0	0	0	0
Other Current Debt	1 015 000	845 000	1 036 000	617 000
Total Current Debt	2 493 000	2 127 000	2 004 000	1 157 000
Total Equity and Debt	7 037 000	2 554 000	2 983 000	3 315 000

Financial indicators	2022	2021	2020	2019
Return on Equity	512,26 %	157,3 %	101,96 %	9,62 %
Debt-to-Equity Ratio	41,87	−2,6	5,39	0,71
Operating Profit Margin	6,3 %	−5,74 %	−4,35 %	4,59 %
Current Ratio	0,76	0,74	1,34	0,94
Quick Ratio	0,77	0,74	1,34	0,94
Equity Ratio	0,02	−0,1	0,05	0,38
Gross Profit Margin	70,94 %	70,14 %	62,28 %	91,19 %