FORMANNSVEI AS

5053 BERGEN

Finances

Share Ownership

Return on Equity

9,89 %

Current Ratio

0,14

Debt-to-Equity Ratio

2,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 113 000	1 000 000	1 000 000	1 080 000
Net Income	500 000	497 000	−533 000	368 000
Total Assets	16 427 000	16 409 000	16 533 000	17 694 000
Total Equity	5 058 000	4 910 000	4 413 000	4 946 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 113 000	1 000 000	1 000 000	1 080 000
Expenditure	105 000	97 000	1 262 000	158 000
Operating Profit	1 008 000	903 000	−262 000	922 000
Financial Income	0	0	0	0
Financial Costs	399 000	266 000	421 000	450 000
Financial Balance	−399 000	−266 000	−421 000	−450 000
Earnings Before Tax	609 000	637 000	−683 000	472 000
Tax	109 000	140 000	−150 000	104 000
Net Income	500 000	497 000	−533 000	368 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 359 000	16 369 000	16 510 000	17 505 000
Total Current Assets	67 000	40 000	23 000	189 000
Total Assets	16 427 000	16 409 000	16 533 000	17 694 000
Total Retained Equity	328 000	180 000	−317 000	216 000
Total Equity	5 058 000	4 910 000	4 413 000	4 946 000
Total Long-Term Debt	10 884 000	11 354 000	11 954 000	0
Total Current Debt	484 000	145 000	166 000	12 748 000
Total Equity and Debt	16 427 000	16 409 000	16 533 000	17 694 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 113 000	1 000 000	1 000 000	1 080 000
Revenue	1 113 000	1 000 000	1 000 000	1 080 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	105 000	97 000	1 262 000	158 000
Operating Profit	1 008 000	903 000	−262 000	922 000
Financial Income	0	0	0	0
Financial Costs	399 000	266 000	421 000	450 000
Financial Balance	−399 000	−266 000	−421 000	−450 000
Dividends	0	0	0	0
Net Income	500 000	497 000	−533 000	368 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	10 000	150 000	0
Real Eastate	16 359 000	16 359 000	16 359 000	17 505 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	16 359 000	16 359 000	16 359 000	17 505 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	16 359 000	16 369 000	16 510 000	17 505 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	43 000	18 000	3 000	0
Total Current Assets	67 000	40 000	23 000	189 000
Total Assets	16 427 000	16 409 000	16 533 000	17 694 000
Total Equity	5 058 000	4 910 000	4 413 000	4 946 000
Short-Term Group Debt	451 000	0	0	12 486 000
Total Long-Term Debt	10 884 000	11 354 000	11 954 000	0
Creditors	33 000	145 000	166 000	260 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	2 000
Total Current Debt	484 000	145 000	166 000	12 748 000
Total Equity and Debt	16 427 000	16 409 000	16 533 000	17 694 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,89 %	10,12 %	−12,08 %	7,44 %
Debt-to-Equity Ratio	2,15	2,31	2,71	0
Operating Profit Margin	90,57 %	90,3 %	−26,2 %	85,37 %
Current Ratio	0,14	0,28	0,14	0,01
Quick Ratio	0,14	0,28	0,14	0,01
Equity Ratio	0,31	0,3	0,27	0,28
Gross Profit Margin	100 %	100 %	100 %	100 %