FREM AS

0352 OSLO

Finances

Return on Equity

−36,75 %

Current Ratio

0,63

Debt-to-Equity Ratio

15,9

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 381 000	4 609 000	4 239 000	3 551 000
Net Income	−104 000	−1 335 000	−1 470 000	16 257 000
Total Assets	11 199 000	19 617 000	20 310 000	35 946 000
Total Equity	283 000	388 000	1 358 000	1 975 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 381 000	4 609 000	4 239 000	3 551 000
Expenditure	5 257 000	6 119 000	5 938 000	3 454 000
Operating Profit	124 000	−1 510 000	−1 699 000	96 000
Financial Income	1 000	0	0	16 421 000
Financial Costs	229 000	156 000	186 000	306 000
Financial Balance	−228 000	−156 000	−186 000	16 115 000
Earnings Before Tax	−104 000	−1 666 000	−1 885 000	16 211 000
Tax	0	−330 000	−415 000	−46 000
Net Income	−104 000	−1 335 000	−1 470 000	16 257 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 149 000	7 155 000	7 073 000	7 079 000
Total Current Assets	4 050 000	12 463 000	13 237 000	28 867 000
Total Assets	11 199 000	19 617 000	20 310 000	35 946 000
Total Retained Equity	0	0	475 000	1 945 000
Total Equity	283 000	388 000	1 358 000	1 975 000
Total Long-Term Debt	4 500 000	4 500 000	4 727 000	4 901 000
Total Current Debt	6 416 000	14 729 000	14 225 000	29 070 000
Total Equity and Debt	11 199 000	19 617 000	20 310 000	35 946 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	5 381 000	4 609 000	4 239 000	3 551 000
Revenue	5 381 000	4 609 000	4 239 000	3 551 000
Cost of Goods Sold	2 635 000	2 600 000	2 567 000	1 883 000
Salary Costs	1 983 000	2 710 000	2 885 000	884 000
Depreciation	6 000	6 000	6 000	6 000
Impairment	0	0	0	0
Expenditure	5 257 000	6 119 000	5 938 000	3 454 000
Operating Profit	124 000	−1 510 000	−1 699 000	96 000
Financial Income	1 000	0	0	16 421 000
Financial Costs	229 000	156 000	186 000	306 000
Financial Balance	−228 000	−156 000	−186 000	16 115 000
Dividends	0	0	0	0
Net Income	−104 000	−1 335 000	−1 470 000	16 257 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	6 911 000	6 917 000	6 923 000	6 929 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	6 911 000	6 917 000	6 923 000	6 929 000
Total Fiancial Fixed Assets	238 000	238 000	150 000	150 000
Total Fixed Assets	7 149 000	7 155 000	7 073 000	7 079 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	216 000	115 000	509 000	483 000
Total Current Assets	4 050 000	12 463 000	13 237 000	28 867 000
Total Assets	11 199 000	19 617 000	20 310 000	35 946 000
Total Equity	283 000	388 000	1 358 000	1 975 000
Short-Term Group Debt	5 422 000	12 598 000	10 828 000	25 134 000
Total Long-Term Debt	4 500 000	4 500 000	4 727 000	4 901 000
Creditors	84 000	150 000	154 000	42 000
Unpaid Taxes	123 000	119 000	168 000	35 000
Dividends	0	0	0	0
Other Current Debt	786 000	1 862 000	3 075 000	3 859 000
Total Current Debt	6 416 000	14 729 000	14 225 000	29 070 000
Total Equity and Debt	11 199 000	19 617 000	20 310 000	35 946 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−36,75 %	−344,07 %	−108,25 %	823,14 %
Debt-to-Equity Ratio	15,9	11,6	3,48	2,48
Operating Profit Margin	2,3 %	−32,76 %	−40,08 %	2,7 %
Current Ratio	0,63	0,85	0,93	0,99
Quick Ratio	0,63	0,85	0,93	0,99
Equity Ratio	0,03	0,02	0,07	0,05
Gross Profit Margin	51,03 %	43,59 %	39,44 %	46,97 %