FRES UTVIKLING AS

2815 GJØVIK

Finances

Share Ownership

Return on Equity

134,09 %

Current Ratio

6,45

Debt-to-Equity Ratio

−35,72

Key figures (NOK)	2022	2021	2020	2019
Revenue	768 000	633 000	12 990 000	5 168 000
Net Income	−177 000	−274 000	642 000	−472 000
Total Assets	4 866 000	7 863 000	9 500 000	14 006 000
Total Equity	−132 000	45 000	369 000	219 000

Income (NOK)	2022	2021	2020	2019
Revenue	768 000	633 000	12 990 000	5 168 000
Expenditure	794 000	775 000	11 834 000	5 313 000
Operating Profit	−26 000	−142 000	1 157 000	−145 000
Financial Income	0	0	0	2 000
Financial Costs	201 000	210 000	334 000	455 000
Financial Balance	−201 000	−210 000	−334 000	−453 000
Earnings Before Tax	−226 000	−351 000	823 000	−598 000
Tax	−50 000	−77 000	181 000	−126 000
Net Income	−177 000	−274 000	642 000	−472 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 047 000	6 137 000	6 227 000	6 305 000
Total Current Assets	1 819 000	1 726 000	3 272 000	7 701 000
Total Assets	4 866 000	7 863 000	9 500 000	14 006 000
Total Retained Equity	−324 000	−148 000	151 000	0
Total Equity	−132 000	45 000	369 000	219 000
Total Long-Term Debt	4 715 000	7 416 000	6 889 000	11 304 000
Total Current Debt	282 000	403 000	2 242 000	2 483 000
Total Equity and Debt	4 866 000	7 863 000	9 500 000	14 006 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	53 000	633 000	12 990 000	23 000
Other Income	715 000	0	0	5 145 000
Revenue	768 000	633 000	12 990 000	5 168 000
Cost of Goods Sold	0	−85 000	10 988 000	4 272 000
Salary Costs	10 000	0	0	0
Depreciation	90 000	90 000	106 000	105 000
Impairment	0	0	0	0
Expenditure	794 000	775 000	11 834 000	5 313 000
Operating Profit	−26 000	−142 000	1 157 000	−145 000
Financial Income	0	0	0	2 000
Financial Costs	201 000	210 000	334 000	455 000
Financial Balance	−201 000	−210 000	−334 000	−453 000
Dividends	0	50 000	500 000	0
Net Income	−177 000	−274 000	642 000	−472 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 027 000	6 107 000	6 187 000	6 254 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	20 000	30 000	41 000	51 000
Total Tangible Assets	3 047 000	6 137 000	6 227 000	6 305 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 047 000	6 137 000	6 227 000	6 305 000
Stock	1 242 000	1 212 000	0	6 102 000
Total Investments	0	0	0	0
Cash, Bank	421 000	498 000	2 708 000	35 000
Total Current Assets	1 819 000	1 726 000	3 272 000	7 701 000
Total Assets	4 866 000	7 863 000	9 500 000	14 006 000
Total Equity	−132 000	45 000	369 000	219 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 715 000	7 416 000	6 889 000	11 304 000
Creditors	41 000	101 000	198 000	235 000
Unpaid Taxes	24 000	6 000	22 000	0
Dividends	0	50 000	500 000	0
Other Current Debt	125 000	149 000	1 035 000	297 000
Total Current Debt	282 000	403 000	2 242 000	2 483 000
Total Equity and Debt	4 866 000	7 863 000	9 500 000	14 006 000

Financial indicators	2022	2021	2020	2019
Return on Equity	134,09 %	−608,89 %	173,98 %	−215,53 %
Debt-to-Equity Ratio	−35,72	164,8	18,67	51,62
Operating Profit Margin	−3,39 %	−22,43 %	8,91 %	−2,81 %
Current Ratio	6,45	4,28	1,46	3,1
Quick Ratio	−1,89	−2,13	1,46	−2,13
Equity Ratio	−0,03	0,01	0,04	0,02
Gross Profit Margin	100 %	113,43 %	15,41 %	17,34 %