FRONTIER VENTURE AS

4879 GRIMSTAD

Finances

Share Ownership

Return on Equity

−31,34 %

Current Ratio

0,1

Debt-to-Equity Ratio

−5,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	30 000	22 000	17 000	24 000
Net Income	21 000	7 000	2 000	−4 000
Total Assets	887 000	883 000	881 000	886 000
Total Equity	−67 000	−88 000	−96 000	−97 000

Income (NOK)	2022	2021	2020	2019
Revenue	30 000	22 000	17 000	24 000
Expenditure	9 000	15 000	15 000	28 000
Operating Profit	21 000	8 000	2 000	−4 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	21 000	7 000	2 000	−4 000
Tax	0	0	0	0
Net Income	21 000	7 000	2 000	−4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	824 000	824 000	828 000	828 000
Total Current Assets	63 000	59 000	53 000	58 000
Total Assets	887 000	883 000	881 000	886 000
Total Retained Equity	−97 000	−118 000	−126 000	−127 000
Total Equity	−67 000	−88 000	−96 000	−97 000
Total Long-Term Debt	337 000	355 000	358 000	358 000
Total Current Debt	617 000	617 000	619 000	626 000
Total Equity and Debt	887 000	883 000	881 000	886 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	30 000	22 000	17 000	24 000
Other Income	0	0	0	0
Revenue	30 000	22 000	17 000	24 000
Cost of Goods Sold	4 000	9 000	9 000	17 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	9 000	15 000	15 000	28 000
Operating Profit	21 000	8 000	2 000	−4 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	21 000	7 000	2 000	−4 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	824 000	824 000	824 000	824 000
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	4 000	4 000
Total Fixed Assets	824 000	824 000	828 000	828 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 000	1 000	3 000	2 000
Total Current Assets	63 000	59 000	53 000	58 000
Total Assets	887 000	883 000	881 000	886 000
Total Equity	−67 000	−88 000	−96 000	−97 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	337 000	355 000	358 000	358 000
Creditors	0	0	0	9 000
Unpaid Taxes	10 000	10 000	10 000	10 000
Dividends	0	0	0	0
Other Current Debt	607 000	607 000	609 000	607 000
Total Current Debt	617 000	617 000	619 000	626 000
Total Equity and Debt	887 000	883 000	881 000	886 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−31,34 %	−7,95 %	−2,08 %	4,12 %
Debt-to-Equity Ratio	−5,03	−4,03	−3,73	−3,69
Operating Profit Margin	70 %	36,36 %	11,76 %	−16,67 %
Current Ratio	0,1	0,1	0,09	0,09
Quick Ratio	0,1	0,1	0,09	0,09
Equity Ratio	−0,08	−0,1	−0,11	−0,11
Gross Profit Margin	86,67 %	59,09 %	47,06 %	29,17 %