FÆRØY AS

8850 HERØY

Finances

Share Ownership

Return on Equity

35,71 %

Current Ratio

3,8

Debt-to-Equity Ratio

8,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	84 919 000	20 672 000	0	0
Net Income	13 424 000	4 203 000	−33 000	−5 000
Total Assets	353 363 000	368 115 000	69 273 000	32 798 000
Total Equity	37 589 000	24 165 000	962 000	995 000

Income (NOK)	2022	2021	2020	2019
Revenue	84 919 000	20 672 000	0	0
Expenditure	58 517 000	13 934 000	33 000	6 000
Operating Profit	26 402 000	6 738 000	−33 000	−6 000
Financial Income	89 000	0	1 000	1 000
Financial Costs	13 064 000	2 535 000	1 000	0
Financial Balance	−12 975 000	−2 535 000	0	1 000
Earnings Before Tax	13 427 000	4 204 000	−33 000	−5 000
Tax	3 000	1 000	0	0
Net Income	13 424 000	4 203 000	−33 000	−5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	336 831 000	357 129 000	68 305 000	31 798 000
Total Current Assets	16 533 000	10 987 000	968 000	1 001 000
Total Assets	353 363 000	368 115 000	69 273 000	32 798 000
Total Retained Equity	36 589 000	23 165 000	−38 000	−5 000
Total Equity	37 589 000	24 165 000	962 000	995 000
Total Long-Term Debt	311 428 000	339 564 000	68 310 000	31 803 000
Total Current Debt	4 347 000	4 386 000	0	0
Total Equity and Debt	353 363 000	368 115 000	69 273 000	32 798 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	84 919 000	20 672 000	0	0
Other Income	0	0	0	0
Revenue	84 919 000	20 672 000	0	0
Cost of Goods Sold	15 189 000	4 314 000	0	0
Salary Costs	0	100 000	0	0
Depreciation	11 143 000	2 786 000	0	0
Impairment	0	0	0	0
Expenditure	58 517 000	13 934 000	33 000	6 000
Operating Profit	26 402 000	6 738 000	−33 000	−6 000
Financial Income	89 000	0	1 000	1 000
Financial Costs	13 064 000	2 535 000	1 000	0
Financial Balance	−12 975 000	−2 535 000	0	1 000
Dividends	0	0	0	0
Net Income	13 424 000	4 203 000	−33 000	−5 000

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	334 000	436 000	0	0
Total Tangible Assets	336 831 000	357 129 000	68 305 000	31 798 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	336 831 000	357 129 000	68 305 000	31 798 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	11 454 000	3 063 000	963 000	1 001 000
Total Current Assets	16 533 000	10 987 000	968 000	1 001 000
Total Assets	353 363 000	368 115 000	69 273 000	32 798 000
Total Equity	37 589 000	24 165 000	962 000	995 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	311 428 000	339 564 000	68 310 000	31 803 000
Creditors	2 075 000	2 347 000	0	0
Unpaid Taxes	1 209 000	1 133 000	0	0
Dividends	0	0	0	0
Other Current Debt	1 060 000	905 000	0	0
Total Current Debt	4 347 000	4 386 000	0	0
Total Equity and Debt	353 363 000	368 115 000	69 273 000	32 798 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,71 %	17,39 %	−3,43 %	−0,5 %
Debt-to-Equity Ratio	8,29	14,05	71,01	31,96
Operating Profit Margin	31,09 %	32,59 %	-	-
Current Ratio	3,8	2,51	-	-
Quick Ratio	3,8	2,51	-	-
Equity Ratio	0,11	0,07	0,01	0,03
Gross Profit Margin	82,11 %	79,13 %	-	-