FRODE AS

9603 HAMMERFEST

Finances

Share Ownership

Return on Equity

83,56 %

Current Ratio

1,36

Debt-to-Equity Ratio

1,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 197 000	2 338 000	1 841 000	797 000
Net Income	1 876 000	−42 000	256 000	149 000
Total Assets	8 348 000	2 254 000	2 001 000	2 287 000
Total Equity	2 245 000	369 000	411 000	155 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 197 000	2 338 000	1 841 000	797 000
Expenditure	3 676 000	2 338 000	1 453 000	626 000
Operating Profit	2 520 000	−2 000	387 000	171 000
Financial Income	0	0	0	0
Financial Costs	115 000	52 000	60 000	22 000
Financial Balance	−115 000	−52 000	−60 000	−22 000
Earnings Before Tax	2 405 000	−53 000	327 000	149 000
Tax	529 000	−12 000	71 000	0
Net Income	1 876 000	−42 000	256 000	149 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 736 000	1 388 000	1 501 000	1 557 000
Total Current Assets	2 612 000	867 000	499 000	730 000
Total Assets	8 348 000	2 254 000	2 001 000	2 287 000
Total Retained Equity	2 085 000	209 000	251 000	−5 000
Total Equity	2 245 000	369 000	411 000	155 000
Total Long-Term Debt	4 184 000	1 235 000	1 120 000	1 519 000
Total Current Debt	1 919 000	650 000	470 000	613 000
Total Equity and Debt	8 348 000	2 254 000	2 001 000	2 287 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 249 000	2 306 000	1 822 000	772 000
Other Income	948 000	32 000	18 000	25 000
Revenue	6 197 000	2 338 000	1 841 000	797 000
Cost of Goods Sold	56 000	0	0	0
Salary Costs	1 521 000	965 000	639 000	181 000
Depreciation	474 000	182 000	164 000	53 000
Impairment	0	0	0	0
Expenditure	3 676 000	2 338 000	1 453 000	626 000
Operating Profit	2 520 000	−2 000	387 000	171 000
Financial Income	0	0	0	0
Financial Costs	115 000	52 000	60 000	22 000
Financial Balance	−115 000	−52 000	−60 000	−22 000
Dividends	0	0	0	0
Net Income	1 876 000	−42 000	256 000	149 000

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	1 010 000	86 000	62 000	57 000
Total Tangible Assets	5 665 000	1 317 000	1 430 000	1 507 000
Total Fiancial Fixed Assets	71 000	71 000	71 000	50 000
Total Fixed Assets	5 736 000	1 388 000	1 501 000	1 557 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 579 000	837 000	474 000	342 000
Total Current Assets	2 612 000	867 000	499 000	730 000
Total Assets	8 348 000	2 254 000	2 001 000	2 287 000
Total Equity	2 245 000	369 000	411 000	155 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 184 000	1 235 000	1 120 000	1 519 000
Creditors	619 000	124 000	93 000	330 000
Unpaid Taxes	872 000	368 000	206 000	38 000
Dividends	0	0	0	0
Other Current Debt	160 000	158 000	153 000	245 000
Total Current Debt	1 919 000	650 000	470 000	613 000
Total Equity and Debt	8 348 000	2 254 000	2 001 000	2 287 000

Financial indicators	2022	2021	2020	2019
Return on Equity	83,56 %	−11,38 %	62,29 %	96,13 %
Debt-to-Equity Ratio	1,86	3,35	2,73	9,8
Operating Profit Margin	40,66 %	−0,09 %	21,02 %	21,46 %
Current Ratio	1,36	1,33	1,06	1,19
Quick Ratio	1,36	1,33	1,06	1,19
Equity Ratio	0,27	0,16	0,21	0,07
Gross Profit Margin	99,1 %	100 %	100 %	100 %