FÆRØ DESIGN AS

5119 ULSET

Finances

Share Ownership

Return on Equity

28,68 %

Current Ratio

2,28

Debt-to-Equity Ratio

2,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	770 000	1 029 000	375 000	796 000
Net Income	37 000	141 000	−66 000	55 000
Total Assets	778 000	644 000	513 000	638 000
Total Equity	129 000	92 000	−49 000	17 000

Income (NOK)	2022	2021	2020	2019
Revenue	770 000	1 029 000	375 000	796 000
Expenditure	715 000	847 000	460 000	722 000
Operating Profit	55 000	183 000	−84 000	73 000
Financial Income	0	0	2 000	1 000
Financial Costs	6 000	2 000	3 000	3 000
Financial Balance	−6 000	−2 000	−1 000	−2 000
Earnings Before Tax	49 000	181 000	−85 000	72 000
Tax	12 000	40 000	−19 000	16 000
Net Income	37 000	141 000	−66 000	55 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 000	45 000	111 000	119 000
Total Current Assets	760 000	599 000	401 000	519 000
Total Assets	778 000	644 000	513 000	638 000
Total Retained Equity	99 000	62 000	−79 000	−13 000
Total Equity	129 000	92 000	−49 000	17 000
Total Long-Term Debt	315 000	315 000	315 000	315 000
Total Current Debt	334 000	237 000	246 000	305 000
Total Equity and Debt	778 000	644 000	513 000	638 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	770 000	1 029 000	375 000	796 000
Other Income	0	0	0	0
Revenue	770 000	1 029 000	375 000	796 000
Cost of Goods Sold	315 000	545 000	252 000	349 000
Salary Costs	43 000	113 000	41 000	84 000
Depreciation	20 000	27 000	27 000	22 000
Impairment	0	0	0	0
Expenditure	715 000	847 000	460 000	722 000
Operating Profit	55 000	183 000	−84 000	73 000
Financial Income	0	0	2 000	1 000
Financial Costs	6 000	2 000	3 000	3 000
Financial Balance	−6 000	−2 000	−1 000	−2 000
Dividends	0	0	0	0
Net Income	37 000	141 000	−66 000	55 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	7 000	46 000	28 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	18 000	38 000	65 000	91 000
Total Tangible Assets	18 000	38 000	65 000	91 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	18 000	45 000	111 000	119 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	186 000	354 000	355 000	401 000
Total Current Assets	760 000	599 000	401 000	519 000
Total Assets	778 000	644 000	513 000	638 000
Total Equity	129 000	92 000	−49 000	17 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	315 000	315 000	315 000	315 000
Creditors	207 000	99 000	178 000	197 000
Unpaid Taxes	117 000	119 000	64 000	100 000
Dividends	0	0	0	0
Other Current Debt	5 000	19 000	4 000	9 000
Total Current Debt	334 000	237 000	246 000	305 000
Total Equity and Debt	778 000	644 000	513 000	638 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,68 %	153,26 %	134,69 %	323,53 %
Debt-to-Equity Ratio	2,44	3,42	−6,43	18,53
Operating Profit Margin	7,14 %	17,78 %	−22,4 %	9,17 %
Current Ratio	2,28	2,53	1,63	1,7
Quick Ratio	2,28	2,53	1,63	1,7
Equity Ratio	0,17	0,14	−0,1	0,03
Gross Profit Margin	59,09 %	47,04 %	32,8 %	56,16 %