FLOGAS NORGE AS

0484 OSLO

Finances

Share Ownership

Return on Equity

22,01 %

Current Ratio

1,55

Debt-to-Equity Ratio

0,35

Key figures (NOK)	2023	2022	2021	2020
Revenue	1 431 242 000	1 116 849 000	649 330 000	580 464 000
Net Income	35 530 000	32 161 000	23 133 000	17 138 000
Total Assets	543 588 000	448 229 000	320 227 000	260 613 000
Total Equity	161 394 000	125 864 000	93 703 000	70 570 000

Income (NOK)	2023	2022	2021	2020
Revenue	1 431 242 000	1 116 849 000	649 330 000	580 464 000
Expenditure	1 384 890 000	1 073 575 000	617 410 000	556 396 000
Operating Profit	46 352 000	43 274 000	31 919 000	24 067 000
Financial Income	1 780 000	298 000	156 000	1 088 000
Financial Costs	2 489 000	2 336 000	2 318 000	2 981 000
Financial Balance	−709 000	−2 038 000	−2 162 000	−1 893 000
Earnings Before Tax	45 643 000	41 236 000	29 758 000	22 173 000
Tax	10 112 000	9 075 000	6 624 000	5 035 000
Net Income	35 530 000	32 161 000	23 133 000	17 138 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	38 477 000	44 302 000	50 074 000	37 124 000
Total Current Assets	505 110 000	403 926 000	270 153 000	223 489 000
Total Assets	543 588 000	448 229 000	320 227 000	260 613 000
Total Retained Equity	145 364 000	109 834 000	77 673 000	54 540 000
Total Equity	161 394 000	125 864 000	93 703 000	70 570 000
Total Long-Term Debt	56 582 000	57 301 000	57 278 000	60 229 000
Total Current Debt	325 612 000	265 064 000	169 246 000	129 814 000
Total Equity and Debt	543 588 000	448 229 000	320 227 000	260 613 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	1 431 242 000	1 116 849 000	649 330 000	580 464 000
Other Income	0	0	0	0
Revenue	1 431 242 000	1 116 849 000	649 330 000	580 464 000
Cost of Goods Sold	1 187 508 000	903 396 000	451 789 000	410 667 000
Salary Costs	29 033 000	24 918 000	24 296 000	23 615 000
Depreciation	7 250 000	7 392 000	7 496 000	6 308 000
Impairment	0	0	0	0
Expenditure	1 384 890 000	1 073 575 000	617 410 000	556 396 000
Operating Profit	46 352 000	43 274 000	31 919 000	24 067 000
Financial Income	1 780 000	298 000	156 000	1 088 000
Financial Costs	2 489 000	2 336 000	2 318 000	2 981 000
Financial Balance	−709 000	−2 038 000	−2 162 000	−1 893 000
Dividends	0	0	0	0
Net Income	35 530 000	32 161 000	23 133 000	17 138 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	0	0	0	0
Total Intangible Assets	9 200 000	10 661 000	12 119 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	23 150 000	33 641 000	37 914 000	37 022 000
Fixtures	6 127 000	0	41 000	102 000
Total Tangible Assets	29 277 000	33 641 000	37 955 000	37 124 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	38 477 000	44 302 000	50 074 000	37 124 000
Stock	6 768 000	7 333 000	2 070 000	944 000
Total Investments	0	0	0	0
Cash, Bank	51 353 000	8 400 000	883 000	1 711 000
Total Current Assets	505 110 000	403 926 000	270 153 000	223 489 000
Total Assets	543 588 000	448 229 000	320 227 000	260 613 000
Total Equity	161 394 000	125 864 000	93 703 000	70 570 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	56 582 000	57 301 000	57 278 000	60 229 000
Creditors	106 601 000	119 838 000	45 933 000	49 026 000
Unpaid Taxes	75 840 000	24 194 000	45 572 000	11 170 000
Dividends	0	0	0	0
Other Current Debt	123 301 000	103 929 000	64 623 000	58 859 000
Total Current Debt	325 612 000	265 064 000	169 246 000	129 814 000
Total Equity and Debt	543 588 000	448 229 000	320 227 000	260 613 000

Financial indicators	2023	2022	2021	2020
Return on Equity	22,01 %	25,55 %	24,69 %	24,29 %
Debt-to-Equity Ratio	0,35	0,46	0,61	0,85
Operating Profit Margin	3,24 %	3,87 %	4,92 %	4,15 %
Current Ratio	1,55	1,52	1,6	1,72
Quick Ratio	1,58	1,57	1,62	1,73
Equity Ratio	0,3	0,28	0,29	0,27
Gross Profit Margin	17,03 %	19,11 %	30,42 %	29,25 %