FRAHAVET AS

8470 BØ I VESTERÅLEN

Finances

Return on Equity

−61,42 %

Current Ratio

0,79

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	2 685 000	1 301 000	2 931 000	2 477 000
Net Income	−624 000	437 000	100 000	−84 000
Total Assets	1 655 000	2 033 000	1 678 000	1 771 000
Total Equity	1 016 000	1 640 000	1 203 000	1 102 000

Income (NOK)	2021	2020	2019	2018
Revenue	2 685 000	1 301 000	2 931 000	2 477 000
Expenditure	3 173 000	620 000	2 682 000	2 497 000
Operating Profit	−489 000	681 000	247 000	−19 000
Financial Income	0	2 000	0	0
Financial Costs	142 000	122 000	70 000	90 000
Financial Balance	−142 000	−120 000	−70 000	−90 000
Earnings Before Tax	−631 000	561 000	177 000	−108 000
Tax	−8 000	123 000	77 000	−24 000
Net Income	−624 000	437 000	100 000	−84 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	1 152 000	329 000	329 000	104 000
Total Current Assets	503 000	1 704 000	1 349 000	1 667 000
Total Assets	1 655 000	2 033 000	1 678 000	1 771 000
Total Retained Equity	992 000	1 615 000	1 178 000	1 078 000
Total Equity	1 016 000	1 640 000	1 203 000	1 102 000
Total Long-Term Debt	0	8 000	12 000	0
Total Current Debt	639 000	385 000	464 000	669 000
Total Equity and Debt	1 655 000	2 033 000	1 678 000	1 771 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	2 685 000	1 078 000	2 592 000	2 409 000
Other Income	0	223 000	338 000	68 000
Revenue	2 685 000	1 301 000	2 931 000	2 477 000
Cost of Goods Sold	2 431 000	23 000	1 741 000	2 006 000
Salary Costs	0	−3 000	73 000	131 000
Depreciation	33 000	31 000	19 000	13 000
Impairment	0	0	0	0
Expenditure	3 173 000	620 000	2 682 000	2 497 000
Operating Profit	−489 000	681 000	247 000	−19 000
Financial Income	0	2 000	0	0
Financial Costs	142 000	122 000	70 000	90 000
Financial Balance	−142 000	−120 000	−70 000	−90 000
Dividends	0	0	0	0
Net Income	−624 000	437 000	100 000	−84 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	34 000	47 000	59 000	25 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	15 000	0	0	18 000
Fixtures	28 000	47 000	35 000	32 000
Total Tangible Assets	43 000	47 000	35 000	50 000
Total Fiancial Fixed Assets	1 075 000	235 000	235 000	30 000
Total Fixed Assets	1 152 000	329 000	329 000	104 000
Stock	544 000	2 567 000	870 000	855 000
Total Investments	0	0	0	0
Cash, Bank	−1 619 000	−983 000	−1 180 000	−1 300 000
Total Current Assets	503 000	1 704 000	1 349 000	1 667 000
Total Assets	1 655 000	2 033 000	1 678 000	1 771 000
Total Equity	1 016 000	1 640 000	1 203 000	1 102 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	8 000	12 000	0
Creditors	415 000	171 000	209 000	218 000
Unpaid Taxes	179 000	52 000	149 000	265 000
Dividends	0	0	0	0
Other Current Debt	45 000	36 000	95 000	187 000
Total Current Debt	639 000	385 000	464 000	669 000
Total Equity and Debt	1 655 000	2 033 000	1 678 000	1 771 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−61,42 %	26,65 %	8,31 %	−7,62 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	−18,21 %	52,34 %	8,43 %	−0,77 %
Current Ratio	0,79	4,43	2,91	2,49
Quick Ratio	5,29	−0,78	−3,32	−8,96
Equity Ratio	0,61	0,81	0,72	0,62
Gross Profit Margin	9,46 %	98,23 %	40,6 %	19,01 %