FINNESTAD AS

4010 STAVANGER

Finances

Share Ownership

Return on Equity

−39,56 %

Current Ratio

2,65

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 149 000	1 221 000	1 662 000	935 000
Net Income	−286 000	−131 000	533 000	1 000
Total Assets	1 025 000	1 392 000	1 447 000	811 000
Total Equity	723 000	1 009 000	1 139 000	606 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 149 000	1 221 000	1 662 000	935 000
Expenditure	1 515 000	1 388 000	978 000	930 000
Operating Profit	−366 000	−168 000	684 000	6 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	4 000
Financial Balance	−1 000	0	0	−4 000
Earnings Before Tax	−366 000	−168 000	684 000	2 000
Tax	−81 000	−37 000	150 000	1 000
Net Income	−286 000	−131 000	533 000	1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	226 000	145 000	108 000	259 000
Total Current Assets	799 000	1 246 000	1 338 000	552 000
Total Assets	1 025 000	1 392 000	1 447 000	811 000
Total Retained Equity	623 000	909 000	1 039 000	506 000
Total Equity	723 000	1 009 000	1 139 000	606 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	302 000	383 000	307 000	205 000
Total Equity and Debt	1 025 000	1 392 000	1 447 000	811 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 149 000	1 221 000	1 662 000	935 000
Other Income	0	0	0	0
Revenue	1 149 000	1 221 000	1 662 000	935 000
Cost of Goods Sold	222 000	330 000	112 000	76 000
Salary Costs	1 198 000	936 000	726 000	723 000
Depreciation	0	0	0	2 000
Impairment	0	0	0	0
Expenditure	1 515 000	1 388 000	978 000	930 000
Operating Profit	−366 000	−168 000	684 000	6 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	4 000
Financial Balance	−1 000	0	0	−4 000
Dividends	0	0	0	0
Net Income	−286 000	−131 000	533 000	1 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	226 000	145 000	108 000	259 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	226 000	145 000	108 000	259 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	669 000	1 073 000	1 149 000	489 000
Total Current Assets	799 000	1 246 000	1 338 000	552 000
Total Assets	1 025 000	1 392 000	1 447 000	811 000
Total Equity	723 000	1 009 000	1 139 000	606 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	56 000	113 000	9 000	18 000
Unpaid Taxes	136 000	185 000	228 000	121 000
Dividends	0	0	0	0
Other Current Debt	110 000	86 000	71 000	66 000
Total Current Debt	302 000	383 000	307 000	205 000
Total Equity and Debt	1 025 000	1 392 000	1 447 000	811 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−39,56 %	−12,98 %	46,8 %	0,17 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−31,85 %	−13,76 %	41,16 %	0,64 %
Current Ratio	2,65	3,25	4,36	2,69
Quick Ratio	2,65	3,25	4,36	2,69
Equity Ratio	0,71	0,72	0,79	0,75
Gross Profit Margin	80,68 %	72,97 %	93,26 %	91,87 %