FOLLO VVS AS

3132 HUSØYSUND

Finances

Return on Equity

24,11 %

Current Ratio

1,41

Debt-to-Equity Ratio

1,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 811 000	2 530 000	2 127 000	1 777 000
Net Income	81 000	403 000	211 000	210 000
Total Assets	1 472 000	1 569 000	1 529 000	673 000
Total Equity	336 000	455 000	52 000	91 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 811 000	2 530 000	2 127 000	1 777 000
Expenditure	2 702 000	1 999 000	1 862 000	1 513 000
Operating Profit	108 000	532 000	265 000	264 000
Financial Income	20 000	7 000	7 000	0
Financial Costs	27 000	21 000	6 000	1 000
Financial Balance	−7 000	−14 000	1 000	−1 000
Earnings Before Tax	101 000	517 000	266 000	263 000
Tax	20 000	114 000	55 000	53 000
Net Income	81 000	403 000	211 000	210 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	497 000	579 000	604 000	68 000
Total Current Assets	975 000	990 000	926 000	605 000
Total Assets	1 472 000	1 569 000	1 529 000	673 000
Total Retained Equity	306 000	425 000	22 000	61 000
Total Equity	336 000	455 000	52 000	91 000
Total Long-Term Debt	444 000	502 000	555 000	0
Total Current Debt	692 000	612 000	922 000	582 000
Total Equity and Debt	1 472 000	1 569 000	1 529 000	673 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 811 000	2 530 000	2 127 000	1 777 000
Other Income	0	0	0	0
Revenue	2 811 000	2 530 000	2 127 000	1 777 000
Cost of Goods Sold	877 000	797 000	503 000	461 000
Salary Costs	1 207 000	725 000	991 000	770 000
Depreciation	102 000	94 000	28 000	12 000
Impairment	0	0	0	0
Expenditure	2 702 000	1 999 000	1 862 000	1 513 000
Operating Profit	108 000	532 000	265 000	264 000
Financial Income	20 000	7 000	7 000	0
Financial Costs	27 000	21 000	6 000	1 000
Financial Balance	−7 000	−14 000	1 000	−1 000
Dividends	0	0	250 000	300 000
Net Income	81 000	403 000	211 000	210 000

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	442 000	524 000	549 000	13 000
Total Tangible Assets	442 000	524 000	549 000	13 000
Total Fiancial Fixed Assets	55 000	55 000	55 000	55 000
Total Fixed Assets	497 000	579 000	604 000	68 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	309 000	924 000	772 000	310 000
Total Current Assets	975 000	990 000	926 000	605 000
Total Assets	1 472 000	1 569 000	1 529 000	673 000
Total Equity	336 000	455 000	52 000	91 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	444 000	502 000	555 000	0
Creditors	89 000	49 000	72 000	39 000
Unpaid Taxes	161 000	191 000	201 000	173 000
Dividends	0	0	250 000	300 000
Other Current Debt	223 000	264 000	369 000	167 000
Total Current Debt	692 000	612 000	922 000	582 000
Total Equity and Debt	1 472 000	1 569 000	1 529 000	673 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,11 %	88,57 %	405,77 %	230,77 %
Debt-to-Equity Ratio	1,32	1,1	10,67	0
Operating Profit Margin	3,84 %	21,03 %	12,46 %	14,86 %
Current Ratio	1,41	1,62	1	1,04
Quick Ratio	1,41	1,62	1	1,04
Equity Ratio	0,23	0,29	0,03	0,14
Gross Profit Margin	68,8 %	68,5 %	76,35 %	74,06 %