FINN LARSEN VVS AS

4011 STAVANGER

Finances

Share Ownership

Return on Equity

39,6 %

Current Ratio

1,33

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 591 000	4 138 000	4 698 000	2 297 000
Net Income	531 000	648 000	1 070 000	397 000
Total Assets	3 189 000	2 892 000	2 954 000	1 358 000
Total Equity	1 341 000	2 210 000	1 662 000	792 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 591 000	4 138 000	4 698 000	2 297 000
Expenditure	2 913 000	3 308 000	3 326 000	1 818 000
Operating Profit	679 000	830 000	1 372 000	479 000
Financial Income	3 000	1 000	1 000	2 000
Financial Costs	0	0	1 000	0
Financial Balance	3 000	1 000	0	2 000
Earnings Before Tax	681 000	830 000	1 372 000	481 000
Tax	150 000	183 000	302 000	84 000
Net Income	531 000	648 000	1 070 000	397 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	803 000	23 000	44 000	0
Total Current Assets	2 387 000	2 868 000	2 910 000	1 358 000
Total Assets	3 189 000	2 892 000	2 954 000	1 358 000
Total Retained Equity	1 311 000	2 180 000	1 632 000	762 000
Total Equity	1 341 000	2 210 000	1 662 000	792 000
Total Long-Term Debt	50 000	0	0	0
Total Current Debt	1 797 000	682 000	1 292 000	566 000
Total Equity and Debt	3 189 000	2 892 000	2 954 000	1 358 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 591 000	4 138 000	4 698 000	2 297 000
Other Income	0	0	0	0
Revenue	3 591 000	4 138 000	4 698 000	2 297 000
Cost of Goods Sold	1 242 000	1 883 000	1 908 000	870 000
Salary Costs	1 293 000	1 086 000	1 054 000	645 000
Depreciation	6 000	0	0	0
Impairment	0	0	0	0
Expenditure	2 913 000	3 308 000	3 326 000	1 818 000
Operating Profit	679 000	830 000	1 372 000	479 000
Financial Income	3 000	1 000	1 000	2 000
Financial Costs	0	0	1 000	0
Financial Balance	3 000	1 000	0	2 000
Dividends	1 400 000	100 000	200 000	200 000
Net Income	531 000	648 000	1 070 000	397 000

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	748 000	0	0	0
Total Tangible Assets	748 000	0	0	0
Total Fiancial Fixed Assets	55 000	23 000	44 000	0
Total Fixed Assets	803 000	23 000	44 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 001 000	2 580 000	2 001 000	1 187 000
Total Current Assets	2 387 000	2 868 000	2 910 000	1 358 000
Total Assets	3 189 000	2 892 000	2 954 000	1 358 000
Total Equity	1 341 000	2 210 000	1 662 000	792 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	50 000	0	0	0
Creditors	44 000	87 000	357 000	69 000
Unpaid Taxes	121 000	202 000	324 000	157 000
Dividends	1 400 000	100 000	200 000	200 000
Other Current Debt	133 000	211 000	109 000	56 000
Total Current Debt	1 797 000	682 000	1 292 000	566 000
Total Equity and Debt	3 189 000	2 892 000	2 954 000	1 358 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,6 %	29,32 %	64,38 %	50,13 %
Debt-to-Equity Ratio	0,04	0	0	0
Operating Profit Margin	18,91 %	20,06 %	29,2 %	20,85 %
Current Ratio	1,33	4,21	2,25	2,4
Quick Ratio	1,33	4,21	2,25	2,4
Equity Ratio	0,42	0,76	0,56	0,58
Gross Profit Margin	65,41 %	54,49 %	59,39 %	62,12 %