FREIBERG VARMETEKNIKK AS

3269 LARVIK

Finances

Share Ownership

Return on Equity

32,55 %

Current Ratio

1,68

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 560 000	2 895 000	2 594 000	2 308 000
Net Income	166 000	−73 000	230 000	169 000
Total Assets	1 164 000	783 000	1 012 000	925 000
Total Equity	510 000	344 000	417 000	188 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 560 000	2 895 000	2 594 000	2 308 000
Expenditure	3 354 000	2 968 000	2 313 000	2 098 000
Operating Profit	206 000	−72 000	281 000	210 000
Financial Income	1 000	0	0	0
Financial Costs	3 000	2 000	2 000	3 000
Financial Balance	−2 000	−2 000	−2 000	−3 000
Earnings Before Tax	204 000	−73 000	279 000	207 000
Tax	38 000	0	49 000	38 000
Net Income	166 000	−73 000	230 000	169 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	64 000	70 000	101 000	85 000
Total Current Assets	1 100 000	713 000	911 000	840 000
Total Assets	1 164 000	783 000	1 012 000	925 000
Total Retained Equity	489 000	323 000	396 000	167 000
Total Equity	510 000	344 000	417 000	188 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	654 000	439 000	595 000	737 000
Total Equity and Debt	1 164 000	783 000	1 012 000	925 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 560 000	2 895 000	2 594 000	2 217 000
Other Income	0	0	0	92 000
Revenue	3 560 000	2 895 000	2 594 000	2 308 000
Cost of Goods Sold	1 842 000	1 616 000	1 296 000	942 000
Salary Costs	828 000	840 000	468 000	559 000
Depreciation	22 000	21 000	11 000	4 000
Impairment	0	0	0	0
Expenditure	3 354 000	2 968 000	2 313 000	2 098 000
Operating Profit	206 000	−72 000	281 000	210 000
Financial Income	1 000	0	0	0
Financial Costs	3 000	2 000	2 000	3 000
Financial Balance	−2 000	−2 000	−2 000	−3 000
Dividends	0	0	0	0
Net Income	166 000	−73 000	230 000	169 000

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	47 000	43 000	64 000	38 000
Total Tangible Assets	47 000	43 000	64 000	38 000
Total Fiancial Fixed Assets	17 000	27 000	37 000	47 000
Total Fixed Assets	64 000	70 000	101 000	85 000
Stock	538 000	422 000	528 000	372 000
Total Investments	0	0	0	0
Cash, Bank	32 000	36 000	39 000	25 000
Total Current Assets	1 100 000	713 000	911 000	840 000
Total Assets	1 164 000	783 000	1 012 000	925 000
Total Equity	510 000	344 000	417 000	188 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	429 000	201 000	320 000	220 000
Unpaid Taxes	93 000	96 000	71 000	60 000
Dividends	0	0	0	0
Other Current Debt	94 000	142 000	155 000	419 000
Total Current Debt	654 000	439 000	595 000	737 000
Total Equity and Debt	1 164 000	783 000	1 012 000	925 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,55 %	−21,22 %	55,16 %	89,89 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,79 %	−2,49 %	10,83 %	9,1 %
Current Ratio	1,68	1,62	1,53	1,14
Quick Ratio	9,48	41,94	13,6	2,3
Equity Ratio	0,44	0,44	0,41	0,2
Gross Profit Margin	48,26 %	44,18 %	50,04 %	59,19 %