FARNES II BORETTLAG

6884 ØVRE ÅRDAL

Finances

Share Ownership

Return on Equity

−0,32 %

Current Ratio

2,7

Debt-to-Equity Ratio

−1,82

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 178 000	1 188 000	1 137 000	1 127 000
Net Income	8 000	307 000	240 000	222 000
Total Assets	2 143 000	2 398 000	2 367 000	2 271 000
Total Equity	−2 466 000	−2 474 000	−2 782 000	−3 022 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 178 000	1 188 000	1 137 000	1 127 000
Expenditure	1 059 000	756 000	753 000	756 000
Operating Profit	119 000	433 000	384 000	371 000
Financial Income	9 000	3 000	5 000	10 000
Financial Costs	120 000	128 000	149 000	159 000
Financial Balance	−111 000	−125 000	−144 000	−149 000
Earnings Before Tax	8 000	307 000	240 000	222 000
Tax	0	0	0	0
Net Income	8 000	307 000	240 000	222 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 787 000	1 787 000	1 700 000	1 700 000
Total Current Assets	356 000	612 000	667 000	571 000
Total Assets	2 143 000	2 398 000	2 367 000	2 271 000
Total Retained Equity	−2 470 000	−2 478 000	−2 785 000	−3 025 000
Total Equity	−2 466 000	−2 474 000	−2 782 000	−3 022 000
Total Long-Term Debt	4 477 000	4 752 000	5 034 000	5 282 000
Total Current Debt	132 000	121 000	115 000	11 000
Total Equity and Debt	2 143 000	2 398 000	2 367 000	2 271 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 178 000	1 188 000	1 137 000	1 127 000
Revenue	1 178 000	1 188 000	1 137 000	1 127 000
Cost of Goods Sold	0	0	0	0
Salary Costs	17 000	17 000	14 000	11 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 059 000	756 000	753 000	756 000
Operating Profit	119 000	433 000	384 000	371 000
Financial Income	9 000	3 000	5 000	10 000
Financial Costs	120 000	128 000	149 000	159 000
Financial Balance	−111 000	−125 000	−144 000	−149 000
Dividends	0	0	0	0
Net Income	8 000	307 000	240 000	222 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 787 000	1 787 000	1 700 000	1 700 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 787 000	1 787 000	1 700 000	1 700 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 787 000	1 787 000	1 700 000	1 700 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	256 000	517 000	580 000	568 000
Total Current Assets	356 000	612 000	667 000	571 000
Total Assets	2 143 000	2 398 000	2 367 000	2 271 000
Total Equity	−2 466 000	−2 474 000	−2 782 000	−3 022 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 477 000	4 752 000	5 034 000	5 282 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	132 000	121 000	115 000	11 000
Total Current Debt	132 000	121 000	115 000	11 000
Total Equity and Debt	2 143 000	2 398 000	2 367 000	2 271 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,32 %	−12,41 %	−8,63 %	−7,35 %
Debt-to-Equity Ratio	−1,82	−1,92	−1,81	−1,75
Operating Profit Margin	10,1 %	36,45 %	33,77 %	32,92 %
Current Ratio	2,7	5,06	5,8	51,91
Quick Ratio	2,7	5,06	5,8	51,91
Equity Ratio	−1,15	−1,03	−1,18	−1,33
Gross Profit Margin	100 %	100 %	100 %	100 %