FRETLAND & FRETLAND AS

6887 LÆRDAL

Finances

Return on Equity

20 %

Current Ratio

1,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	374 000	309 000	348 000	82 000
Net Income	38 000	18 000	100 000	−30 000
Total Assets	267 000	198 000	209 000	50 000
Total Equity	190 000	151 000	134 000	34 000

Income (NOK)	2022	2021	2020	2019
Revenue	374 000	309 000	348 000	82 000
Expenditure	324 000	286 000	228 000	112 000
Operating Profit	49 000	23 000	120 000	−30 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	49 000	23 000	120 000	−30 000
Tax	11 000	5 000	20 000	−1 000
Net Income	38 000	18 000	100 000	−30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	145 000	100 000	0	0
Total Current Assets	122 000	98 000	209 000	50 000
Total Assets	267 000	198 000	209 000	50 000
Total Retained Equity	160 000	121 000	104 000	4 000
Total Equity	190 000	151 000	134 000	34 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	78 000	47 000	75 000	16 000
Total Equity and Debt	267 000	198 000	209 000	50 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	372 000	309 000	329 000	74 000
Other Income	1 000	0	19 000	8 000
Revenue	374 000	309 000	348 000	82 000
Cost of Goods Sold	0	0	0	0
Salary Costs	196 000	208 000	177 000	75 000
Depreciation	0	0	0	6 000
Impairment	0	0	0	0
Expenditure	324 000	286 000	228 000	112 000
Operating Profit	49 000	23 000	120 000	−30 000
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	38 000	18 000	100 000	−30 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	145 000	100 000	0	0
Total Fixed Assets	145 000	100 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	111 000	101 000	203 000	44 000
Total Current Assets	122 000	98 000	209 000	50 000
Total Assets	267 000	198 000	209 000	50 000
Total Equity	190 000	151 000	134 000	34 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	−20 000	2 000	1 000	7 000
Unpaid Taxes	28 000	21 000	17 000	2 000
Dividends	0	0	0	0
Other Current Debt	59 000	19 000	36 000	7 000
Total Current Debt	78 000	47 000	75 000	16 000
Total Equity and Debt	267 000	198 000	209 000	50 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20 %	11,92 %	74,63 %	−88,24 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,1 %	7,44 %	34,48 %	−36,59 %
Current Ratio	1,56	2,09	2,79	3,13
Quick Ratio	1,56	2,09	2,79	3,13
Equity Ratio	0,71	0,76	0,64	0,68
Gross Profit Margin	100 %	100 %	100 %	100 %