FRONT INNOVATION AS

4008 STAVANGER

Finances

Share Ownership

Return on Equity

356,6 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 093 000	47 115 000	40 240 000	32 932 000
Net Income	3 673 000	5 214 000	3 917 000	1 811 000
Total Assets	17 648 000	17 599 000	14 967 000	16 617 000
Total Equity	1 030 000	1 030 000	1 030 000	11 970 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 093 000	47 115 000	40 240 000	32 932 000
Expenditure	45 164 000	40 306 000	35 114 000	30 618 000
Operating Profit	4 929 000	6 810 000	5 126 000	2 314 000
Financial Income	21 000	15 000	8 000	11 000
Financial Costs	240 000	141 000	111 000	2 000
Financial Balance	−219 000	−126 000	−103 000	9 000
Earnings Before Tax	4 709 000	6 684 000	5 022 000	2 323 000
Tax	1 036 000	1 471 000	1 105 000	512 000
Net Income	3 673 000	5 214 000	3 917 000	1 811 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	579 000	680 000	501 000	276 000
Total Current Assets	17 069 000	16 920 000	14 466 000	16 341 000
Total Assets	17 648 000	17 599 000	14 967 000	16 617 000
Total Retained Equity	1 000 000	1 000 000	1 000 000	11 940 000
Total Equity	1 030 000	1 030 000	1 030 000	11 970 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	16 618 000	16 569 000	13 937 000	4 647 000
Total Equity and Debt	17 648 000	17 599 000	14 967 000	16 617 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 084 000	47 115 000	40 240 000	32 932 000
Other Income	9 000	0	0	0
Revenue	50 093 000	47 115 000	40 240 000	32 932 000
Cost of Goods Sold	0	0	0	0
Salary Costs	21 430 000	17 215 000	14 464 000	11 370 000
Depreciation	303 000	250 000	152 000	95 000
Impairment	0	0	0	0
Expenditure	45 164 000	40 306 000	35 114 000	30 618 000
Operating Profit	4 929 000	6 810 000	5 126 000	2 314 000
Financial Income	21 000	15 000	8 000	11 000
Financial Costs	240 000	141 000	111 000	2 000
Financial Balance	−219 000	−126 000	−103 000	9 000
Dividends	3 673 000	5 214 000	14 858 000	0
Net Income	3 673 000	5 214 000	3 917 000	1 811 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	272 000	417 000	265 000	43 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	212 000	110 000	0	0
Fixtures	95 000	153 000	194 000	172 000
Total Tangible Assets	307 000	262 000	194 000	172 000
Total Fiancial Fixed Assets	0	0	42 000	61 000
Total Fixed Assets	579 000	680 000	501 000	276 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 898 000	3 786 000	2 212 000	6 618 000
Total Current Assets	17 069 000	16 920 000	14 466 000	16 341 000
Total Assets	17 648 000	17 599 000	14 967 000	16 617 000
Total Equity	1 030 000	1 030 000	1 030 000	11 970 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	8 060 000	6 848 000	4 273 000	241 000
Unpaid Taxes	2 086 000	1 354 000	3 840 000	1 438 000
Dividends	3 673 000	5 214 000	14 858 000	0
Other Current Debt	1 836 000	1 543 000	1 296 000	2 852 000
Total Current Debt	16 618 000	16 569 000	13 937 000	4 647 000
Total Equity and Debt	17 648 000	17 599 000	14 967 000	16 617 000

Financial indicators	2022	2021	2020	2019
Return on Equity	356,6 %	506,21 %	380,29 %	15,13 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,84 %	14,45 %	12,74 %	7,03 %
Current Ratio	1,03	1,02	1,04	3,52
Quick Ratio	1,03	1,02	1,04	3,52
Equity Ratio	0,06	0,06	0,07	0,72
Gross Profit Margin	100 %	100 %	100 %	100 %