FORMOFOSS NÆRINGSPARK AS

7870 GRONG

Finances

Return on Equity

−182,53 %

Current Ratio

73,04

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 686 000	538 000	586 000	697 000
Net Income	−3 990 000	−3 134 000	−45 000	−31 000
Total Assets	2 472 000	8 667 000	2 573 000	2 695 000
Total Equity	2 186 000	6 176 000	60 000	105 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 686 000	538 000	586 000	697 000
Expenditure	596 000	871 000	537 000	616 000
Operating Profit	2 090 000	−333 000	49 000	82 000
Financial Income	2 000	0	0	0
Financial Costs	5 656 000	2 900 000	107 000	122 000
Financial Balance	−5 654 000	−2 900 000	−107 000	−122 000
Earnings Before Tax	−3 564 000	−3 233 000	−58 000	−39 000
Tax	426 000	−99 000	−13 000	−9 000
Net Income	−3 990 000	−3 134 000	−45 000	−31 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	500 000	8 452 000	2 454 000	2 554 000
Total Current Assets	1 972 000	215 000	119 000	141 000
Total Assets	2 472 000	8 667 000	2 573 000	2 695 000
Total Retained Equity	−7 754 000	−3 364 000	−230 000	−185 000
Total Equity	2 186 000	6 176 000	60 000	105 000
Total Long-Term Debt	259 000	2 258 000	2 431 000	2 570 000
Total Current Debt	27 000	233 000	82 000	20 000
Total Equity and Debt	2 472 000	8 667 000	2 573 000	2 695 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	2 686 000	538 000	586 000	697 000
Revenue	2 686 000	538 000	586 000	697 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	54 000	90 000	109 000
Depreciation	84 000	101 000	112 000	118 000
Impairment	0	0	0	0
Expenditure	596 000	871 000	537 000	616 000
Operating Profit	2 090 000	−333 000	49 000	82 000
Financial Income	2 000	0	0	0
Financial Costs	5 656 000	2 900 000	107 000	122 000
Financial Balance	−5 654 000	−2 900 000	−107 000	−122 000
Dividends	0	0	0	0
Net Income	−3 990 000	−3 134 000	−45 000	−31 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	167 000	68 000	55 000
Real Eastate	0	2 285 000	2 386 000	2 488 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	11 000
Total Tangible Assets	0	2 285 000	2 386 000	2 499 000
Total Fiancial Fixed Assets	500 000	6 000 000	0	0
Total Fixed Assets	500 000	8 452 000	2 454 000	2 554 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 952 000	1 000	2 000	65 000
Total Current Assets	1 972 000	215 000	119 000	141 000
Total Assets	2 472 000	8 667 000	2 573 000	2 695 000
Total Equity	2 186 000	6 176 000	60 000	105 000
Short-Term Group Debt	0	100 000	0	0
Total Long-Term Debt	259 000	2 258 000	2 431 000	2 570 000
Creditors	27 000	105 000	0	0
Unpaid Taxes	0	0	25 000	9 000
Dividends	0	0	0	0
Other Current Debt	0	27 000	57 000	11 000
Total Current Debt	27 000	233 000	82 000	20 000
Total Equity and Debt	2 472 000	8 667 000	2 573 000	2 695 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−182,53 %	−50,74 %	−75 %	−29,52 %
Debt-to-Equity Ratio	0,12	0,37	40,52	24,48
Operating Profit Margin	77,81 %	−61,9 %	8,36 %	11,76 %
Current Ratio	73,04	0,92	1,45	7,05
Quick Ratio	73,04	0,92	1,45	7,05
Equity Ratio	0,88	0,71	0,02	0,04
Gross Profit Margin	100 %	100 %	100 %	100 %