FRODE SKAREN AS

4480 KVINESDAL

Finances

Return on Equity

35,67 %

Current Ratio

1,31

Debt-to-Equity Ratio

1,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 687 000	1 490 000	1 416 000	1 049 000
Net Income	56 000	114 000	30 000	13 000
Total Assets	788 000	366 000	337 000	122 000
Total Equity	157 000	100 000	−14 000	−39 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 687 000	1 490 000	1 416 000	1 049 000
Expenditure	1 563 000	1 371 000	1 366 000	1 025 000
Operating Profit	123 000	119 000	50 000	24 000
Financial Income	56 000	9 000	1 000	0
Financial Costs	63 000	14 000	12 000	8 000
Financial Balance	−7 000	−5 000	−11 000	−8 000
Earnings Before Tax	117 000	114 000	39 000	16 000
Tax	60 000	0	9 000	4 000
Net Income	56 000	114 000	30 000	13 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	271 000	61 000	57 000	58 000
Total Current Assets	517 000	305 000	280 000	65 000
Total Assets	788 000	366 000	337 000	122 000
Total Retained Equity	127 000	70 000	−44 000	−69 000
Total Equity	157 000	100 000	−14 000	−39 000
Total Long-Term Debt	235 000	0	0	0
Total Current Debt	396 000	266 000	351 000	162 000
Total Equity and Debt	788 000	366 000	337 000	122 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 687 000	1 485 000	1 416 000	1 049 000
Other Income	0	6 000	0	0
Revenue	1 687 000	1 490 000	1 416 000	1 049 000
Cost of Goods Sold	81 000	121 000	209 000	15 000
Salary Costs	1 151 000	952 000	870 000	772 000
Depreciation	70 000	6 000	6 000	2 000
Impairment	0	0	0	0
Expenditure	1 563 000	1 371 000	1 366 000	1 025 000
Operating Profit	123 000	119 000	50 000	24 000
Financial Income	56 000	9 000	1 000	0
Financial Costs	63 000	14 000	12 000	8 000
Financial Balance	−7 000	−5 000	−11 000	−8 000
Dividends	0	0	0	0
Net Income	56 000	114 000	30 000	13 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	46 000	46 000	42 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	6 000	12 000	0
Fixtures	261 000	0	0	16 000
Total Tangible Assets	261 000	6 000	12 000	16 000
Total Fiancial Fixed Assets	10 000	10 000	0	0
Total Fixed Assets	271 000	61 000	57 000	58 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	202 000	241 000	31 000	−41 000
Total Current Assets	517 000	305 000	280 000	65 000
Total Assets	788 000	366 000	337 000	122 000
Total Equity	157 000	100 000	−14 000	−39 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	235 000	0	0	0
Creditors	27 000	21 000	76 000	0
Unpaid Taxes	171 000	91 000	141 000	98 000
Dividends	0	0	0	0
Other Current Debt	104 000	75 000	55 000	63 000
Total Current Debt	396 000	266 000	351 000	162 000
Total Equity and Debt	788 000	366 000	337 000	122 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,67 %	114 %	−214,29 %	−33,33 %
Debt-to-Equity Ratio	1,5	0	−0	−0
Operating Profit Margin	7,29 %	7,99 %	3,53 %	2,29 %
Current Ratio	1,31	1,15	0,8	0,4
Quick Ratio	1,31	1,15	0,8	0,4
Equity Ratio	0,2	0,27	−0,04	−0,32
Gross Profit Margin	95,2 %	91,88 %	85,24 %	98,57 %