FREEPOWER AS

3121 NØTTERØY

Finances

Share Ownership

Return on Equity

−97,73 %

Current Ratio

4,94

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020
Revenue	372 000	293 000	286 000
Net Income	−3 141 000	−1 255 000	13 000
Total Assets	4 255 000	4 013 000	91 000
Total Equity	3 214 000	3 949 000	38 000

Income (NOK)	2022	2021	2020
Revenue	372 000	293 000	286 000
Expenditure	3 508 000	1 549 000	255 000
Operating Profit	−3 136 000	−1 256 000	31 000
Financial Income	2 000	2 000	0
Financial Costs	7 000	2 000	0
Financial Balance	−5 000	0	0
Earnings Before Tax	−3 141 000	−1 255 000	31 000
Tax	0	0	18 000
Net Income	−3 141 000	−1 255 000	13 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 553 000	462 000	0
Total Current Assets	2 701 000	3 551 000	91 000
Total Assets	4 255 000	4 013 000	91 000
Total Retained Equity	−4 388 000	−1 248 000	8 000
Total Equity	3 214 000	3 949 000	38 000
Total Long-Term Debt	493 000	0	0
Total Current Debt	547 000	64 000	53 000
Total Equity and Debt	4 255 000	4 013 000	91 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	95 000	173 000
Other Income	372 000	198 000	112 000
Revenue	372 000	293 000	286 000
Cost of Goods Sold	1 005 000	103 000	13 000
Salary Costs	1 336 000	246 000	0
Depreciation	99 000	8 000	0
Impairment	1 000	0	0
Expenditure	3 508 000	1 549 000	255 000
Operating Profit	−3 136 000	−1 256 000	31 000
Financial Income	2 000	2 000	0
Financial Costs	7 000	2 000	0
Financial Balance	−5 000	0	0
Dividends	0	0	0
Net Income	−3 141 000	−1 255 000	13 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	1 504 000	462 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	49 000	0	0
Total Tangible Assets	49 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 553 000	462 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	2 178 000	3 528 000	76 000
Total Current Assets	2 701 000	3 551 000	91 000
Total Assets	4 255 000	4 013 000	91 000
Total Equity	3 214 000	3 949 000	38 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	493 000	0	0
Creditors	320 000	179 000	3 000
Unpaid Taxes	159 000	−141 000	22 000
Dividends	0	0	0
Other Current Debt	67 000	26 000	10 000
Total Current Debt	547 000	64 000	53 000
Total Equity and Debt	4 255 000	4 013 000	91 000

Financial indicators	2022	2021	2020
Return on Equity	−97,73 %	−31,78 %	34,21 %
Debt-to-Equity Ratio	0,15	0	0
Operating Profit Margin	−843,01 %	−428,67 %	10,84 %
Current Ratio	4,94	55,48	1,72
Quick Ratio	4,94	55,48	1,72
Equity Ratio	0,76	0,98	0,42
Gross Profit Margin	−170,16 %	64,85 %	95,45 %