MARTIN FREMSTAD AS

3946 PORSGRUNN

Finances

Return on Equity

50 %

Current Ratio

1,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	269 000	225 000	294 000	408 000
Net Income	2 000	47 000	−25 000	97 000
Total Assets	97 000	33 000	133 000	105 000
Total Equity	4 000	64 000	17 000	42 000

Income (NOK)	2022	2021	2020	2019
Revenue	269 000	225 000	294 000	408 000
Expenditure	269 000	173 000	320 000	310 000
Operating Profit	0	53 000	−26 000	98 000
Financial Income	3 000	2 000	3 000	3 000
Financial Costs	1 000	0	4 000	2 000
Financial Balance	2 000	2 000	−1 000	1 000
Earnings Before Tax	2 000	55 000	−28 000	99 000
Tax	0	8 000	−2 000	2 000
Net Income	2 000	47 000	−25 000	97 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	4 000
Total Current Assets	97 000	33 000	133 000	101 000
Total Assets	97 000	33 000	133 000	105 000
Total Retained Equity	−11 000	49 000	2 000	27 000
Total Equity	4 000	64 000	17 000	42 000
Total Long-Term Debt	0	0	0	1 000
Total Current Debt	93 000	−31 000	116 000	62 000
Total Equity and Debt	97 000	33 000	133 000	105 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	269 000	225 000	294 000	408 000
Other Income	0	0	0	0
Revenue	269 000	225 000	294 000	408 000
Cost of Goods Sold	56 000	2 000	34 000	17 000
Salary Costs	134 000	124 000	176 000	210 000
Depreciation	0	0	4 000	4 000
Impairment	0	0	0	0
Expenditure	269 000	173 000	320 000	310 000
Operating Profit	0	53 000	−26 000	98 000
Financial Income	3 000	2 000	3 000	3 000
Financial Costs	1 000	0	4 000	2 000
Financial Balance	2 000	2 000	−1 000	1 000
Dividends	0	0	0	0
Net Income	2 000	47 000	−25 000	97 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	4 000
Total Tangible Assets	0	0	0	4 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	4 000
Stock	5 000	0	0	0
Total Investments	13 000	11 000	9 000	10 000
Cash, Bank	33 000	−126 000	71 000	43 000
Total Current Assets	97 000	33 000	133 000	101 000
Total Assets	97 000	33 000	133 000	105 000
Total Equity	4 000	64 000	17 000	42 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 000
Creditors	2 000	−39 000	0	−10 000
Unpaid Taxes	19 000	10 000	70 000	20 000
Dividends	0	0	0	0
Other Current Debt	71 000	−10 000	46 000	50 000
Total Current Debt	93 000	−31 000	116 000	62 000
Total Equity and Debt	97 000	33 000	133 000	105 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50 %	73,44 %	−147,06 %	230,95 %
Debt-to-Equity Ratio	0	0	0	0,02
Operating Profit Margin	0 %	23,56 %	−8,84 %	24,02 %
Current Ratio	1,04	−1,06	1,15	1,63
Quick Ratio	1,1	−1,06	1,15	1,63
Equity Ratio	0,04	1,94	0,13	0,4
Gross Profit Margin	79,18 %	99,11 %	88,44 %	95,83 %