FARMABLE AS

3060 SVELVIK

Finances

Share Ownership

Return on Equity

−78,11 %

Current Ratio

0,1

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	166 000	29 000	240 000	500 000
Net Income	−15 337 000	−11 632 000	−5 709 000	−1 954 000
Total Assets	25 076 000	38 789 000	16 645 000	19 934 000
Total Equity	19 636 000	14 973 000	13 168 000	18 277 000

Income (NOK)	2022	2021	2020	2019
Revenue	166 000	29 000	240 000	500 000
Expenditure	15 456 000	11 682 000	5 929 000	2 432 000
Operating Profit	−15 290 000	−11 653 000	−5 689 000	−1 932 000
Financial Income	39 000	37 000	5 000	2 000
Financial Costs	86 000	16 000	24 000	24 000
Financial Balance	−47 000	21 000	−19 000	−22 000
Earnings Before Tax	−15 337 000	−11 632 000	−5 709 000	−1 954 000
Tax	0	0	0	0
Net Income	−15 337 000	−11 632 000	−5 709 000	−1 954 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	24 768 000	16 995 000	11 816 000	9 857 000
Total Current Assets	308 000	21 794 000	4 830 000	10 077 000
Total Assets	25 076 000	38 789 000	16 645 000	19 934 000
Total Retained Equity	−36 732 000	−21 395 000	−7 732 000	−2 023 000
Total Equity	19 636 000	14 973 000	13 168 000	18 277 000
Total Long-Term Debt	2 400 000	2 400 000	2 400 000	0
Total Current Debt	3 040 000	21 416 000	1 077 000	1 657 000
Total Equity and Debt	25 076 000	38 789 000	16 645 000	19 934 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	166 000	29 000	0	0
Other Income	0	0	240 000	500 000
Revenue	166 000	29 000	240 000	500 000
Cost of Goods Sold	60 000	1 458 000	2 016 000	1 232 000
Salary Costs	5 269 000	4 763 000	3 941 000	2 286 000
Depreciation	4 985 000	1 995 000	0	0
Impairment	0	0	0	0
Expenditure	15 456 000	11 682 000	5 929 000	2 432 000
Operating Profit	−15 290 000	−11 653 000	−5 689 000	−1 932 000
Financial Income	39 000	37 000	5 000	2 000
Financial Costs	86 000	16 000	24 000	24 000
Financial Balance	−47 000	21 000	−19 000	−22 000
Dividends	0	0	0	0
Net Income	−15 337 000	−11 632 000	−5 709 000	−1 954 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	24 768 000	16 995 000	11 816 000	9 857 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	24 768 000	16 995 000	11 816 000	9 857 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	282 000	21 329 000	530 000	8 233 000
Total Current Assets	308 000	21 794 000	4 830 000	10 077 000
Total Assets	25 076 000	38 789 000	16 645 000	19 934 000
Total Equity	19 636 000	14 973 000	13 168 000	18 277 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 400 000	2 400 000	2 400 000	0
Creditors	1 967 000	864 000	554 000	1 436 000
Unpaid Taxes	238 000	−24 000	120 000	0
Dividends	0	0	0	0
Other Current Debt	835 000	20 576 000	403 000	220 000
Total Current Debt	3 040 000	21 416 000	1 077 000	1 657 000
Total Equity and Debt	25 076 000	38 789 000	16 645 000	19 934 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−78,11 %	−77,69 %	−43,36 %	−10,69 %
Debt-to-Equity Ratio	0,12	0,16	0,18	0
Operating Profit Margin	−9 210,84 %	−40 182,76 %	−2 370,42 %	−386,4 %
Current Ratio	0,1	1,02	4,48	6,08
Quick Ratio	0,1	1,02	4,48	6,08
Equity Ratio	0,78	0,39	0,79	0,92
Gross Profit Margin	63,86 %	−4 927,59 %	−740 %	−146,4 %