FRODE SMINES AS

9700 LAKSELV

Finances

Share Ownership

Return on Equity

17,46 %

Current Ratio

0,39

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 137 000	3 483 000	1 757 000	1 310 000
Net Income	208 000	568 000	129 000	36 000
Total Assets	2 311 000	2 003 000	615 000	723 000
Total Equity	1 191 000	984 000	416 000	287 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 137 000	3 483 000	1 757 000	1 310 000
Expenditure	3 846 000	2 752 000	1 580 000	1 260 000
Operating Profit	291 000	730 000	177 000	50 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	24 000	4 000	7 000	3 000
Financial Balance	−23 000	−3 000	−6 000	−3 000
Earnings Before Tax	267 000	728 000	171 000	47 000
Tax	60 000	160 000	42 000	11 000
Net Income	208 000	568 000	129 000	36 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 899 000	1 744 000	369 000	520 000
Total Current Assets	412 000	259 000	246 000	203 000
Total Assets	2 311 000	2 003 000	615 000	723 000
Total Retained Equity	1 169 000	961 000	393 000	264 000
Total Equity	1 191 000	984 000	416 000	287 000
Total Long-Term Debt	75 000	55 000	4 000	6 000
Total Current Debt	1 044 000	965 000	195 000	431 000
Total Equity and Debt	2 311 000	2 003 000	615 000	723 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 125 000	3 483 000	1 681 000	1 310 000
Other Income	12 000	0	76 000	0
Revenue	4 137 000	3 483 000	1 757 000	1 310 000
Cost of Goods Sold	1 445 000	688 000	335 000	39 000
Salary Costs	970 000	923 000	674 000	767 000
Depreciation	150 000	67 000	96 000	77 000
Impairment	0	0	0	0
Expenditure	3 846 000	2 752 000	1 580 000	1 260 000
Operating Profit	291 000	730 000	177 000	50 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	24 000	4 000	7 000	3 000
Financial Balance	−23 000	−3 000	−6 000	−3 000
Dividends	0	0	0	0
Net Income	208 000	568 000	129 000	36 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	216 000	169 000	0	0
Machinery and Plant Facilities	958 000	653 000	0	0
Fixtures	511 000	726 000	126 000	380 000
Total Tangible Assets	1 685 000	1 548 000	126 000	380 000
Total Fiancial Fixed Assets	214 000	196 000	243 000	140 000
Total Fixed Assets	1 899 000	1 744 000	369 000	520 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	98 000	43 000	85 000	147 000
Total Current Assets	412 000	259 000	246 000	203 000
Total Assets	2 311 000	2 003 000	615 000	723 000
Total Equity	1 191 000	984 000	416 000	287 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	75 000	55 000	4 000	6 000
Creditors	817 000	584 000	61 000	22 000
Unpaid Taxes	98 000	166 000	60 000	265 000
Dividends	0	0	0	0
Other Current Debt	90 000	105 000	30 000	131 000
Total Current Debt	1 044 000	965 000	195 000	431 000
Total Equity and Debt	2 311 000	2 003 000	615 000	723 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,46 %	57,72 %	31,01 %	12,54 %
Debt-to-Equity Ratio	0,06	0,06	0,01	0,02
Operating Profit Margin	7,03 %	20,96 %	10,07 %	3,82 %
Current Ratio	0,39	0,27	1,26	0,47
Quick Ratio	0,39	0,27	1,26	0,47
Equity Ratio	0,52	0,49	0,68	0,4
Gross Profit Margin	65,07 %	80,25 %	80,93 %	97,02 %