FARMAR TOWAGE AS

4550 FARSUND

Finances

Share Ownership

Return on Equity

−20,16 %

Current Ratio

0,55

Debt-to-Equity Ratio

6,76

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 560 000	18 929 000	4 000 000	0
Net Income	−814 000	1 971 000	916 000	−263 000
Total Assets	46 892 000	61 302 000	22 764 000	22 572 000
Total Equity	4 038 000	4 556 000	4 484 000	3 258 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 560 000	18 929 000	4 000 000	0
Expenditure	6 245 000	15 117 000	2 150 000	362 000
Operating Profit	315 000	3 812 000	1 850 000	−362 000
Financial Income	3 000	129 000	0	0
Financial Costs	1 362 000	1 414 000	675 000	289 000
Financial Balance	−1 359 000	−1 285 000	−675 000	−289 000
Earnings Before Tax	−1 044 000	2 528 000	1 175 000	−651 000
Tax	−230 000	556 000	258 000	−388 000
Net Income	−814 000	1 971 000	916 000	−263 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 268 000	42 835 000	20 459 000	22 572 000
Total Current Assets	8 624 000	18 467 000	2 305 000	0
Total Assets	46 892 000	61 302 000	22 764 000	22 572 000
Total Retained Equity	0	389 000	318 000	−599 000
Total Equity	4 038 000	4 556 000	4 484 000	3 258 000
Total Long-Term Debt	27 306 000	31 052 000	1 321 000	975 000
Total Current Debt	15 547 000	25 695 000	16 959 000	18 340 000
Total Equity and Debt	46 892 000	61 302 000	22 764 000	22 572 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 560 000	4 620 000	4 000 000	0
Other Income	0	14 309 000	0	0
Revenue	6 560 000	18 929 000	4 000 000	0
Cost of Goods Sold	0	704 000	0	0
Salary Costs	0	0	0	0
Depreciation	5 517 000	3 570 000	2 113 000	362 000
Impairment	0	0	0	0
Expenditure	6 245 000	15 117 000	2 150 000	362 000
Operating Profit	315 000	3 812 000	1 850 000	−362 000
Financial Income	3 000	129 000	0	0
Financial Costs	1 362 000	1 414 000	675 000	289 000
Financial Balance	−1 359 000	−1 285 000	−675 000	−289 000
Dividends	0	0	0	0
Net Income	−814 000	1 971 000	916 000	−263 000

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	0	0	0	0
Total Tangible Assets	38 268 000	42 835 000	20 459 000	22 572 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	38 268 000	42 835 000	20 459 000	22 572 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	673 000	362 000	241 000	0
Total Current Assets	8 624 000	18 467 000	2 305 000	0
Total Assets	46 892 000	61 302 000	22 764 000	22 572 000
Total Equity	4 038 000	4 556 000	4 484 000	3 258 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	27 306 000	31 052 000	1 321 000	975 000
Creditors	12 161 000	15 924 000	0	0
Unpaid Taxes	267 000	164 000	494 000	0
Dividends	0	0	0	0
Other Current Debt	3 120 000	9 606 000	16 465 000	18 340 000
Total Current Debt	15 547 000	25 695 000	16 959 000	18 340 000
Total Equity and Debt	46 892 000	61 302 000	22 764 000	22 572 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,16 %	43,26 %	20,43 %	−8,07 %
Debt-to-Equity Ratio	6,76	6,82	0,29	0,3
Operating Profit Margin	4,8 %	20,14 %	46,25 %	-
Current Ratio	0,55	0,72	0,14	0
Quick Ratio	0,55	0,72	0,14	0
Equity Ratio	0,09	0,07	0,2	0,14
Gross Profit Margin	100 %	96,28 %	100 %	-