FREMMEDART AS

3181 HORTEN

Finances

Share Ownership

Return on Equity

129,03 %

Current Ratio

0,06

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	240 000	222 000	507 000	15 000
Net Income	40 000	29 000	159 000	−232 000
Total Assets	1 974 000	1 929 000	1 911 000	970 000
Total Equity	31 000	−8 000	−38 000	−197 000

Income (NOK)	2022	2021	2020	2019
Revenue	240 000	222 000	507 000	15 000
Expenditure	190 000	188 000	350 000	248 000
Operating Profit	50 000	34 000	158 000	−233 000
Financial Income	1 000	2 000	1 000	0
Financial Costs	0	0	0	0
Financial Balance	1 000	2 000	1 000	0
Earnings Before Tax	51 000	36 000	159 000	−232 000
Tax	11 000	6 000	0	0
Net Income	40 000	29 000	159 000	−232 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 864 000	1 531 000	1 272 000	943 000
Total Current Assets	110 000	398 000	639 000	27 000
Total Assets	1 974 000	1 929 000	1 911 000	970 000
Total Retained Equity	1 000	−38 000	−68 000	−227 000
Total Equity	31 000	−8 000	−38 000	−197 000
Total Long-Term Debt	0	0	1 871 000	1 136 000
Total Current Debt	1 943 000	1 938 000	77 000	30 000
Total Equity and Debt	1 974 000	1 929 000	1 911 000	970 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	240 000	222 000	167 000	15 000
Other Income	0	0	340 000	0
Revenue	240 000	222 000	507 000	15 000
Cost of Goods Sold	12 000	2 000	38 000	25 000
Salary Costs	0	0	0	0
Depreciation	0	9 000	11 000	13 000
Impairment	0	0	0	0
Expenditure	190 000	188 000	350 000	248 000
Operating Profit	50 000	34 000	158 000	−233 000
Financial Income	1 000	2 000	1 000	0
Financial Costs	0	0	0	0
Financial Balance	1 000	2 000	1 000	0
Dividends	0	0	0	0
Net Income	40 000	29 000	159 000	−232 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	4 000	0	0
Real Eastate	1 861 000	1 528 000	1 263 000	923 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	9 000	20 000
Total Tangible Assets	1 861 000	1 528 000	1 272 000	943 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 864 000	1 531 000	1 272 000	943 000
Stock	27 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	61 000	386 000	639 000	13 000
Total Current Assets	110 000	398 000	639 000	27 000
Total Assets	1 974 000	1 929 000	1 911 000	970 000
Total Equity	31 000	−8 000	−38 000	−197 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 871 000	1 136 000
Creditors	1 000	0	47 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 931 000	1 928 000	30 000	30 000
Total Current Debt	1 943 000	1 938 000	77 000	30 000
Total Equity and Debt	1 974 000	1 929 000	1 911 000	970 000

Financial indicators	2022	2021	2020	2019
Return on Equity	129,03 %	−362,5 %	−418,42 %	117,77 %
Debt-to-Equity Ratio	0	−0	−49,24	−5,77
Operating Profit Margin	20,83 %	15,32 %	31,16 %	−1 553,33 %
Current Ratio	0,06	0,21	8,3	0,9
Quick Ratio	0,06	0,21	8,3	0,9
Equity Ratio	0,02	−0	−0,02	−0,2
Gross Profit Margin	95 %	99,1 %	92,5 %	−66,67 %