FLAGGET VELFORENING

5302 STRUSSHAMN

Finances

Share Ownership

Return on Equity

19,3 %

Current Ratio

2,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 366 000	1 172 000	879 000
Net Income	126 000	77 000	53 000
Total Assets	1 171 000	847 000	718 000
Total Equity	653 000	527 000	449 000

Income (NOK)	2022	2021	2020
Revenue	1 366 000	1 172 000	879 000
Expenditure	1 241 000	1 095 000	827 000
Operating Profit	125 000	77 000	52 000
Financial Income	1 000	1 000	1 000
Financial Costs	0	0	0
Financial Balance	1 000	1 000	1 000
Earnings Before Tax	126 000	77 000	53 000
Tax	0	0	0
Net Income	126 000	77 000	53 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	96 000	121 000	0
Total Current Assets	1 075 000	726 000	718 000
Total Assets	1 171 000	847 000	718 000
Total Retained Equity	653 000	527 000	449 000
Total Equity	653 000	527 000	449 000
Total Long-Term Debt	0	0	0
Total Current Debt	518 000	320 000	269 000
Total Equity and Debt	1 171 000	847 000	718 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 366 000	1 158 000	879 000
Other Income	0	14 000	0
Revenue	1 366 000	1 172 000	879 000
Cost of Goods Sold	0	0	0
Salary Costs	20 000	20 000	25 000
Depreciation	25 000	5 000	0
Impairment	0	0	0
Expenditure	1 241 000	1 095 000	827 000
Operating Profit	125 000	77 000	52 000
Financial Income	1 000	1 000	1 000
Financial Costs	0	0	0
Financial Balance	1 000	1 000	1 000
Dividends	0	0	0
Net Income	126 000	77 000	53 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	96 000	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	121 000	0
Total Tangible Assets	96 000	121 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	96 000	121 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	799 000	624 000	324 000
Total Current Assets	1 075 000	726 000	718 000
Total Assets	1 171 000	847 000	718 000
Total Equity	653 000	527 000	449 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	3 000	2 000	−183 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	516 000	318 000	452 000
Total Current Debt	518 000	320 000	269 000
Total Equity and Debt	1 171 000	847 000	718 000

Financial indicators	2022	2021	2020
Return on Equity	19,3 %	14,61 %	11,8 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	9,15 %	6,57 %	5,92 %
Current Ratio	2,08	2,27	2,67
Quick Ratio	2,08	2,27	2,67
Equity Ratio	0,56	0,62	0,63
Gross Profit Margin	100 %	100 %	100 %