FROSTLAND AS

9407 HARSTAD

Finances

Share Ownership

Return on Equity

3,7 %

Current Ratio

0,17

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 000	0	0	23 000
Net Income	−1 000	12 000	−21 000	−32 000
Total Assets	37 000	26 000	0	2 000
Total Equity	−27 000	−25 000	−38 000	−17 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 000	0	0	23 000
Expenditure	11 000	13 000	21 000	54 000
Operating Profit	−2 000	−13 000	−21 000	−31 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−2 000	−13 000	−21 000	−32 000
Tax	0	−26 000	0	0
Net Income	−1 000	12 000	−21 000	−32 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	26 000	26 000	0	0
Total Current Assets	11 000	0	0	2 000
Total Assets	37 000	26 000	0	2 000
Total Retained Equity	−123 000	−121 000	−134 000	−113 000
Total Equity	−27 000	−25 000	−38 000	−17 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	63 000	51 000	38 000	18 000
Total Equity and Debt	37 000	26 000	0	2 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 000	0	0	23 000
Other Income	0	0	0	0
Revenue	10 000	0	0	23 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	35 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	11 000	13 000	21 000	54 000
Operating Profit	−2 000	−13 000	−21 000	−31 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−1 000	12 000	−21 000	−32 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	26 000	26 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	26 000	26 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	11 000	0	0	2 000
Total Current Assets	11 000	0	0	2 000
Total Assets	37 000	26 000	0	2 000
Total Equity	−27 000	−25 000	−38 000	−17 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	0	1 000	0
Unpaid Taxes	0	−3 000	−5 000	2 000
Dividends	0	0	0	0
Other Current Debt	60 000	54 000	41 000	16 000
Total Current Debt	63 000	51 000	38 000	18 000
Total Equity and Debt	37 000	26 000	0	2 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,7 %	−48 %	55,26 %	188,24 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−20 %	-	-	−134,78 %
Current Ratio	0,17	0	0	0,11
Quick Ratio	0,17	0	0	0,11
Equity Ratio	−0,73	−0,96	-	−8,5
Gross Profit Margin	100 %	-	-	100 %