FRED OLSEN DEVELOPMENT AS

0377 OSLO

Finances

Share Ownership

Return on Equity

31,82 %

Current Ratio

1,1

Debt-to-Equity Ratio

32,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 890 000	927 000	1 633 000	1 102 000
Net Income	14 000	76 000	205 000	191 000
Total Assets	2 032 000	596 000	568 000	931 000
Total Equity	44 000	106 000	235 000	124 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 890 000	927 000	1 633 000	1 102 000
Expenditure	1 849 000	814 000	1 365 000	868 000
Operating Profit	41 000	113 000	269 000	235 000
Financial Income	0	0	0	0
Financial Costs	23 000	15 000	6 000	0
Financial Balance	−23 000	−15 000	−6 000	0
Earnings Before Tax	18 000	98 000	262 000	235 000
Tax	4 000	22 000	58 000	44 000
Net Income	14 000	76 000	205 000	191 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 432 000	280 000	0	0
Total Current Assets	600 000	316 000	568 000	931 000
Total Assets	2 032 000	596 000	568 000	931 000
Total Retained Equity	14 000	82 000	210 000	99 000
Total Equity	44 000	106 000	235 000	124 000
Total Long-Term Debt	1 441 000	2 000	0	0
Total Current Debt	547 000	488 000	333 000	807 000
Total Equity and Debt	2 032 000	596 000	568 000	931 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 876 000	910 000	1 633 000	1 102 000
Other Income	14 000	17 000	0	0
Revenue	1 890 000	927 000	1 633 000	1 102 000
Cost of Goods Sold	13 000	28 000	6 000	4 000
Salary Costs	1 422 000	521 000	1 055 000	810 000
Depreciation	112 000	77 000	0	0
Impairment	0	0	0	0
Expenditure	1 849 000	814 000	1 365 000	868 000
Operating Profit	41 000	113 000	269 000	235 000
Financial Income	0	0	0	0
Financial Costs	23 000	15 000	6 000	0
Financial Balance	−23 000	−15 000	−6 000	0
Dividends	76 000	205 000	94 000	0
Net Income	14 000	76 000	205 000	191 000

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	1 432 000	280 000	0	0
Total Tangible Assets	1 432 000	280 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 432 000	280 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	354 000	198 000	229 000	553 000
Total Current Assets	600 000	316 000	568 000	931 000
Total Assets	2 032 000	596 000	568 000	931 000
Total Equity	44 000	106 000	235 000	124 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 441 000	2 000	0	0
Creditors	20 000	20 000	18 000	3 000
Unpaid Taxes	209 000	105 000	196 000	533 000
Dividends	76 000	205 000	94 000	0
Other Current Debt	317 000	344 000	62 000	77 000
Total Current Debt	547 000	488 000	333 000	807 000
Total Equity and Debt	2 032 000	596 000	568 000	931 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,82 %	71,7 %	87,23 %	154,03 %
Debt-to-Equity Ratio	32,75	0,02	0	0
Operating Profit Margin	2,17 %	12,19 %	16,47 %	21,32 %
Current Ratio	1,1	0,65	1,71	1,15
Quick Ratio	1,1	0,65	1,71	1,15
Equity Ratio	0,02	0,18	0,41	0,13
Gross Profit Margin	99,31 %	96,98 %	99,63 %	99,64 %