FRODE NILSEN ØRMEN AS

1623 GRESSVIK

Finances

Return on Equity

162,5 %

Current Ratio

7,36

Debt-to-Equity Ratio

87,83

Key figures (NOK)	2022	2021	2020
Revenue	1 562 000	1 048 000	571 000
Net Income	78 000	−36 000	−32 000
Total Assets	4 847 000	525 000	488 000
Total Equity	48 000	−29 000	7 000

Income (NOK)	2022	2021	2020
Revenue	1 562 000	1 048 000	571 000
Expenditure	1 326 000	1 068 000	582 000
Operating Profit	236 000	−21 000	−11 000
Financial Income	5 000	4 000	0
Financial Costs	154 000	20 000	21 000
Financial Balance	−149 000	−16 000	−21 000
Earnings Before Tax	87 000	−36 000	−32 000
Tax	9 000	0	0
Net Income	78 000	−36 000	−32 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	557 000	349 000	396 000
Total Current Assets	4 291 000	176 000	92 000
Total Assets	4 847 000	525 000	488 000
Total Retained Equity	9 000	−68 000	−32 000
Total Equity	48 000	−29 000	7 000
Total Long-Term Debt	4 216 000	381 000	439 000
Total Current Debt	583 000	173 000	42 000
Total Equity and Debt	4 847 000	525 000	488 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 562 000	1 048 000	571 000
Other Income	0	0	0
Revenue	1 562 000	1 048 000	571 000
Cost of Goods Sold	415 000	285 000	226 000
Salary Costs	250 000	422 000	0
Depreciation	121 000	102 000	101 000
Impairment	0	0	0
Expenditure	1 326 000	1 068 000	582 000
Operating Profit	236 000	−21 000	−11 000
Financial Income	5 000	4 000	0
Financial Costs	154 000	20 000	21 000
Financial Balance	−149 000	−16 000	−21 000
Dividends	0	0	0
Net Income	78 000	−36 000	−32 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	228 000	349 000	371 000
Total Tangible Assets	228 000	349 000	371 000
Total Fiancial Fixed Assets	328 000	0	25 000
Total Fixed Assets	557 000	349 000	396 000
Stock	3 865 000	17 000	12 000
Total Investments	0	0	0
Cash, Bank	384 000	157 000	80 000
Total Current Assets	4 291 000	176 000	92 000
Total Assets	4 847 000	525 000	488 000
Total Equity	48 000	−29 000	7 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	4 216 000	381 000	439 000
Creditors	39 000	24 000	11 000
Unpaid Taxes	75 000	70 000	28 000
Dividends	0	0	0
Other Current Debt	460 000	80 000	3 000
Total Current Debt	583 000	173 000	42 000
Total Equity and Debt	4 847 000	525 000	488 000

Financial indicators	2022	2021	2020
Return on Equity	162,5 %	124,14 %	−457,14 %
Debt-to-Equity Ratio	87,83	−13,14	62,71
Operating Profit Margin	15,11 %	−2 %	−1,93 %
Current Ratio	7,36	1,02	2,19
Quick Ratio	−1,31	1,13	3,07
Equity Ratio	0,01	−0,06	0,01
Gross Profit Margin	73,43 %	72,81 %	60,42 %