FARNESE AS

3113 TØNSBERG

Finances

Share Ownership

Return on Equity

−205,22 %

Current Ratio

0,8

Debt-to-Equity Ratio

6,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 776 000	10 965 000	9 731 000	6 789 000
Net Income	−786 000	348 000	329 000	301 000
Total Assets	6 423 000	3 625 000	2 574 000	1 565 000
Total Equity	383 000	1 169 000	898 000	569 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 776 000	10 965 000	9 731 000	6 789 000
Expenditure	12 646 000	10 483 000	9 289 000	6 455 000
Operating Profit	−870 000	482 000	442 000	333 000
Financial Income	0	0	0	35 000
Financial Costs	137 000	27 000	21 000	21 000
Financial Balance	−137 000	−27 000	−21 000	14 000
Earnings Before Tax	−1 006 000	455 000	422 000	347 000
Tax	−221 000	107 000	93 000	45 000
Net Income	−786 000	348 000	329 000	301 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 725 000	489 000	881 000	905 000
Total Current Assets	2 698 000	3 136 000	1 693 000	660 000
Total Assets	6 423 000	3 625 000	2 574 000	1 565 000
Total Retained Equity	353 000	1 139 000	868 000	539 000
Total Equity	383 000	1 169 000	898 000	569 000
Total Long-Term Debt	2 658 000	355 000	522 000	608 000
Total Current Debt	3 381 000	2 102 000	1 154 000	387 000
Total Equity and Debt	6 423 000	3 625 000	2 574 000	1 565 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 776 000	10 965 000	9 731 000	6 789 000
Other Income	0	0	0	0
Revenue	11 776 000	10 965 000	9 731 000	6 789 000
Cost of Goods Sold	6 407 000	5 460 000	4 773 000	4 846 000
Salary Costs	3 860 000	3 042 000	3 301 000	714 000
Depreciation	290 000	237 000	221 000	131 000
Impairment	0	0	0	0
Expenditure	12 646 000	10 483 000	9 289 000	6 455 000
Operating Profit	−870 000	482 000	442 000	333 000
Financial Income	0	0	0	35 000
Financial Costs	137 000	27 000	21 000	21 000
Financial Balance	−137 000	−27 000	−21 000	14 000
Dividends	0	0	0	0
Net Income	−786 000	348 000	329 000	301 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	205 000	0	0	0
Real Eastate	1 837 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 660 000	414 000	586 000	563 000
Total Tangible Assets	3 497 000	414 000	586 000	563 000
Total Fiancial Fixed Assets	23 000	75 000	295 000	343 000
Total Fixed Assets	3 725 000	489 000	881 000	905 000
Stock	2 409 000	2 337 000	1 024 000	466 000
Total Investments	0	0	0	0
Cash, Bank	−303 000	276 000	0	−144 000
Total Current Assets	2 698 000	3 136 000	1 693 000	660 000
Total Assets	6 423 000	3 625 000	2 574 000	1 565 000
Total Equity	383 000	1 169 000	898 000	569 000
Short-Term Group Debt	11 000	99 000	0	0
Total Long-Term Debt	2 658 000	355 000	522 000	608 000
Creditors	915 000	866 000	218 000	108 000
Unpaid Taxes	497 000	381 000	44 000	18 000
Dividends	0	0	0	0
Other Current Debt	1 957 000	641 000	546 000	261 000
Total Current Debt	3 381 000	2 102 000	1 154 000	387 000
Total Equity and Debt	6 423 000	3 625 000	2 574 000	1 565 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−205,22 %	29,77 %	36,64 %	52,9 %
Debt-to-Equity Ratio	6,94	0,3	0,58	1,07
Operating Profit Margin	−7,39 %	4,4 %	4,54 %	4,9 %
Current Ratio	0,8	1,49	1,47	1,71
Quick Ratio	2,78	−13,34	13,02	−8,35
Equity Ratio	0,06	0,32	0,35	0,36
Gross Profit Margin	45,59 %	50,21 %	50,95 %	28,62 %