FORMULA HOLDING NORGE AS

1396 BILLINGSTAD

Finances

Return on Equity

−120,32 %

Current Ratio

104

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	150 000	102 000	2 236 000	242 067 000
Net Income	−12 091 000	−3 655 000	−26 633 000	−26 170 000
Total Assets	10 049 000	18 378 000	29 752 000	52 884 000
Total Equity	10 049 000	12 140 000	15 795 000	−10 667 000

Income (NOK)	2022	2021	2020	2019
Revenue	150 000	102 000	2 236 000	242 067 000
Expenditure	150 000	102 000	2 382 000	252 072 000
Operating Profit	0	0	−146 000	−10 006 000
Financial Income	−11 871 000	−3 415 000	−26 487 000	−13 337 000
Financial Costs	220 000	240 000	0	2 303 000
Financial Balance	−12 091 000	−3 655 000	−26 487 000	−15 640 000
Earnings Before Tax	−12 091 000	−3 655 000	−26 633 000	−25 646 000
Tax	0	0	0	524 000
Net Income	−12 091 000	−3 655 000	−26 633 000	−26 170 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 946 000	9 857 000	13 512 000	1 240 000
Total Current Assets	104 000	8 521 000	16 239 000	51 644 000
Total Assets	10 049 000	18 378 000	29 752 000	52 884 000
Total Retained Equity	−4 951 000	−61 954 000	−58 300 000	−31 667 000
Total Equity	10 049 000	12 140 000	15 795 000	−10 667 000
Total Long-Term Debt	0	6 000 000	6 000 000	2 129 000
Total Current Debt	1 000	238 000	7 957 000	61 421 000
Total Equity and Debt	10 049 000	18 378 000	29 752 000	52 884 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	150 000	102 000	2 236 000	242 014 000
Other Income	0	0	0	52 000
Revenue	150 000	102 000	2 236 000	242 067 000
Cost of Goods Sold	150 000	102 000	2 236 000	232 443 000
Salary Costs	0	0	0	9 299 000
Depreciation	0	0	0	1 045 000
Impairment	0	0	0	1 016 000
Expenditure	150 000	102 000	2 382 000	252 072 000
Operating Profit	0	0	−146 000	−10 006 000
Financial Income	−11 871 000	−3 415 000	−26 487 000	−13 337 000
Financial Costs	220 000	240 000	0	2 303 000
Financial Balance	−12 091 000	−3 655 000	−26 487 000	−15 640 000
Dividends	0	0	0	0
Net Income	−12 091 000	−3 655 000	−26 633 000	−26 170 000

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	236 000
Total Tangible Assets	0	0	0	236 000
Total Fiancial Fixed Assets	9 946 000	9 857 000	13 512 000	1 004 000
Total Fixed Assets	9 946 000	9 857 000	13 512 000	1 240 000
Stock	0	0	0	17 520 000
Total Investments	0	0	0	0
Cash, Bank	64 000	363 000	131 000	366 000
Total Current Assets	104 000	8 521 000	16 239 000	51 644 000
Total Assets	10 049 000	18 378 000	29 752 000	52 884 000
Total Equity	10 049 000	12 140 000	15 795 000	−10 667 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	6 000 000	6 000 000	2 129 000
Creditors	1 000	−2 000	10 000	2 215 000
Unpaid Taxes	0	0	0	1 602 000
Dividends	0	0	0	0
Other Current Debt	0	240 000	7 234 000	23 385 000
Total Current Debt	1 000	238 000	7 957 000	61 421 000
Total Equity and Debt	10 049 000	18 378 000	29 752 000	52 884 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−120,32 %	−30,11 %	−168,62 %	245,34 %
Debt-to-Equity Ratio	0	0,49	0,38	−0,2
Operating Profit Margin	0 %	0 %	−6,53 %	−4,13 %
Current Ratio	104	35,8	2,04	0,84
Quick Ratio	104	35,8	2,04	1,18
Equity Ratio	1	0,66	0,53	−0,2
Gross Profit Margin	0 %	0 %	0 %	3,98 %