FLATHOLMVEGEN 39 AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

17,02 %

Current Ratio

0,23

Debt-to-Equity Ratio

6,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 398 000	3 318 000	2 807 000	1 368 000
Net Income	508 000	631 000	493 000	184 000
Total Assets	23 515 000	23 289 000	14 816 000	8 233 000
Total Equity	2 985 000	2 477 000	1 846 000	869 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 398 000	3 318 000	2 807 000	1 368 000
Expenditure	2 059 000	2 210 000	1 639 000	731 000
Operating Profit	1 340 000	1 109 000	1 167 000	637 000
Financial Income	0	7 000	0	0
Financial Costs	689 000	373 000	526 000	401 000
Financial Balance	−689 000	−366 000	−526 000	−401 000
Earnings Before Tax	651 000	742 000	642 000	236 000
Tax	143 000	111 000	149 000	52 000
Net Income	508 000	631 000	493 000	184 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 147 000	22 960 000	13 997 000	7 918 000
Total Current Assets	368 000	329 000	819 000	315 000
Total Assets	23 515 000	23 289 000	14 816 000	8 233 000
Total Retained Equity	2 955 000	2 447 000	1 816 000	839 000
Total Equity	2 985 000	2 477 000	1 846 000	869 000
Total Long-Term Debt	18 912 000	15 855 000	12 026 000	7 057 000
Total Current Debt	1 618 000	4 957 000	944 000	307 000
Total Equity and Debt	23 515 000	23 289 000	14 816 000	8 233 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 398 000	3 318 000	2 787 000	1 368 000
Other Income	0	0	20 000	0
Revenue	3 398 000	3 318 000	2 807 000	1 368 000
Cost of Goods Sold	141 000	217 000	0	0
Salary Costs	29 000	29 000	195 000	235 000
Depreciation	754 000	596 000	404 000	34 000
Impairment	0	0	0	0
Expenditure	2 059 000	2 210 000	1 639 000	731 000
Operating Profit	1 340 000	1 109 000	1 167 000	637 000
Financial Income	0	7 000	0	0
Financial Costs	689 000	373 000	526 000	401 000
Financial Balance	−689 000	−366 000	−526 000	−401 000
Dividends	0	0	100 000	100 000
Net Income	508 000	631 000	493 000	184 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	96 000	8 000
Real Eastate	23 059 000	22 865 000	13 800 000	7 703 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	88 000	95 000	102 000	207 000
Total Tangible Assets	23 147 000	22 960 000	13 901 000	7 910 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	23 147 000	22 960 000	13 997 000	7 918 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	238 000	50 000	130 000	7 000
Total Current Assets	368 000	329 000	819 000	315 000
Total Assets	23 515 000	23 289 000	14 816 000	8 233 000
Total Equity	2 985 000	2 477 000	1 846 000	869 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 912 000	15 855 000	12 026 000	7 057 000
Creditors	33 000	1 034 000	226 000	54 000
Unpaid Taxes	5 000	0	45 000	62 000
Dividends	0	0	100 000	100 000
Other Current Debt	1 580 000	3 923 000	456 000	31 000
Total Current Debt	1 618 000	4 957 000	944 000	307 000
Total Equity and Debt	23 515 000	23 289 000	14 816 000	8 233 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,02 %	25,47 %	26,71 %	21,17 %
Debt-to-Equity Ratio	6,34	6,4	6,51	8,12
Operating Profit Margin	39,43 %	33,42 %	41,57 %	46,56 %
Current Ratio	0,23	0,07	0,87	1,03
Quick Ratio	0,23	0,07	0,87	1,03
Equity Ratio	0,13	0,11	0,12	0,11
Gross Profit Margin	95,85 %	93,46 %	100 %	100 %