FRELSESARMEENS NÆRINGSEIENDOM AS

0165 OSLO

Finances

Return on Equity

89,24 %

Current Ratio

6,21

Debt-to-Equity Ratio

5,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	65 608 000	30 491 000	22 443 000	40 426 000
Net Income	34 376 000	6 810 000	−3 188 000	−5 203 000
Total Assets	245 624 000	224 441 000	257 630 000	300 349 000
Total Equity	38 521 000	4 145 000	−2 665 000	523 000

Income (NOK)	2022	2021	2020	2019
Revenue	65 608 000	30 491 000	22 443 000	40 426 000
Expenditure	13 477 000	14 092 000	17 013 000	32 777 000
Operating Profit	52 132 000	16 399 000	5 431 000	7 649 000
Financial Income	832 000	1 000	156 000	168 000
Financial Costs	8 226 000	7 129 000	8 785 000	13 090 000
Financial Balance	−7 394 000	−7 128 000	−8 629 000	−12 922 000
Earnings Before Tax	44 738 000	9 271 000	−3 199 000	−5 273 000
Tax	10 362 000	2 461 000	−11 000	−70 000
Net Income	34 376 000	6 810 000	−3 188 000	−5 203 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	235 676 000	222 297 000	255 643 000	265 665 000
Total Current Assets	9 948 000	2 144 000	1 988 000	34 685 000
Total Assets	245 624 000	224 441 000	257 630 000	300 349 000
Total Retained Equity	38 421 000	4 045 000	−2 765 000	423 000
Total Equity	38 521 000	4 145 000	−2 665 000	523 000
Total Long-Term Debt	205 501 000	218 434 000	259 131 000	297 818 000
Total Current Debt	1 601 000	1 862 000	1 164 000	2 008 000
Total Equity and Debt	245 624 000	224 441 000	257 630 000	300 349 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 505 000	20 053 000	22 443 000	0
Other Income	45 104 000	10 438 000	0	40 426 000
Revenue	65 608 000	30 491 000	22 443 000	40 426 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	8 975 000	9 478 000	10 522 000	10 522 000
Impairment	0	0	0	0
Expenditure	13 477 000	14 092 000	17 013 000	32 777 000
Operating Profit	52 132 000	16 399 000	5 431 000	7 649 000
Financial Income	832 000	1 000	156 000	168 000
Financial Costs	8 226 000	7 129 000	8 785 000	13 090 000
Financial Balance	−7 394 000	−7 128 000	−8 629 000	−12 922 000
Dividends	0	0	0	0
Net Income	34 376 000	6 810 000	−3 188 000	−5 203 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	204 426 000	218 297 000	253 643 000	264 165 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	204 426 000	218 297 000	253 643 000	264 165 000
Total Fiancial Fixed Assets	31 250 000	4 000 000	2 000 000	1 500 000
Total Fixed Assets	235 676 000	222 297 000	255 643 000	265 665 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 948 000	2 144 000	1 988 000	34 277 000
Total Current Assets	9 948 000	2 144 000	1 988 000	34 685 000
Total Assets	245 624 000	224 441 000	257 630 000	300 349 000
Total Equity	38 521 000	4 145 000	−2 665 000	523 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	205 501 000	218 434 000	259 131 000	297 818 000
Creditors	276 000	664 000	276 000	630 000
Unpaid Taxes	585 000	552 000	634 000	726 000
Dividends	0	0	0	0
Other Current Debt	221 000	263 000	254 000	310 000
Total Current Debt	1 601 000	1 862 000	1 164 000	2 008 000
Total Equity and Debt	245 624 000	224 441 000	257 630 000	300 349 000

Financial indicators	2022	2021	2020	2019
Return on Equity	89,24 %	164,29 %	119,62 %	−994,84 %
Debt-to-Equity Ratio	5,33	52,7	−97,23	569,44
Operating Profit Margin	79,46 %	53,78 %	24,2 %	18,92 %
Current Ratio	6,21	1,15	1,71	17,27
Quick Ratio	6,21	1,15	1,71	17,27
Equity Ratio	0,16	0,02	−0,01	0
Gross Profit Margin	100 %	100 %	100 %	100 %