FOTVARDEN AS

1680 SKJÆRHALDEN

Finances

Return on Equity

14,22 %

Current Ratio

1,4

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	994 000	283 000	561 000	360 000
Net Income	758 000	46 000	464 000	671 000
Total Assets	9 418 000	14 623 000	15 620 000	21 389 000
Total Equity	5 332 000	12 574 000	15 528 000	15 063 000

Income (NOK)	2022	2021	2020	2019
Revenue	994 000	283 000	561 000	360 000
Expenditure	188 000	238 000	216 000	167 000
Operating Profit	806 000	45 000	346 000	193 000
Financial Income	6 000	1 000	−3 000	725 000
Financial Costs	54 000	0	−107 000	121 000
Financial Balance	−48 000	1 000	104 000	604 000
Earnings Before Tax	758 000	46 000	450 000	797 000
Tax	0	0	−15 000	126 000
Net Income	758 000	46 000	464 000	671 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 710 000	3 710 000	3 710 000	4 602 000
Total Current Assets	5 709 000	10 913 000	11 910 000	16 787 000
Total Assets	9 418 000	14 623 000	15 620 000	21 389 000
Total Retained Equity	3 653 000	2 894 000	2 848 000	2 384 000
Total Equity	5 332 000	12 574 000	15 528 000	15 063 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 086 000	2 049 000	93 000	6 326 000
Total Equity and Debt	9 418 000	14 623 000	15 620 000	21 389 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	994 000	283 000	561 000	360 000
Revenue	994 000	283 000	561 000	360 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	188 000	238 000	216 000	167 000
Operating Profit	806 000	45 000	346 000	193 000
Financial Income	6 000	1 000	−3 000	725 000
Financial Costs	54 000	0	−107 000	121 000
Financial Balance	−48 000	1 000	104 000	604 000
Dividends	8 000 000	3 000 000	0	8 300 000
Net Income	758 000	46 000	464 000	671 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	3 710 000	3 710 000	3 710 000	4 602 000
Total Fixed Assets	3 710 000	3 710 000	3 710 000	4 602 000
Stock	0	0	0	0
Total Investments	5 655 000	10 812 000	11 846 000	12 563 000
Cash, Bank	54 000	101 000	49 000	2 216 000
Total Current Assets	5 709 000	10 913 000	11 910 000	16 787 000
Total Assets	9 418 000	14 623 000	15 620 000	21 389 000
Total Equity	5 332 000	12 574 000	15 528 000	15 063 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	3 000	1 000
Unpaid Taxes	0	0	0	0
Dividends	8 000 000	3 000 000	0	8 300 000
Other Current Debt	4 086 000	49 000	89 000	98 000
Total Current Debt	4 086 000	2 049 000	93 000	6 326 000
Total Equity and Debt	9 418 000	14 623 000	15 620 000	21 389 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,22 %	0,37 %	2,99 %	4,45 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	81,09 %	15,9 %	61,68 %	53,61 %
Current Ratio	1,4	5,33	128,06	2,65
Quick Ratio	1,4	5,33	128,06	2,65
Equity Ratio	0,57	0,86	0,99	0,7
Gross Profit Margin	100 %	100 %	100 %	100 %