FROSTISEN STUDIO AS

8515 NARVIK

Finances

Share Ownership

Return on Equity

94,76 %

Current Ratio

0,24

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	207 000	0	0	0
Net Income	−1 193 000	−36 000	−5 000	−24 000
Total Assets	475 000	164 000	0	900 000
Total Equity	−1 259 000	−66 000	−30 000	−25 000

Income (NOK)	2022	2021	2020	2019
Revenue	207 000	0	0	0
Expenditure	1 378 000	35 000	5 000	6 000
Operating Profit	−1 171 000	−36 000	−5 000	−6 000
Financial Income	0	0	6 000	0
Financial Costs	22 000	0	6 000	18 000
Financial Balance	−22 000	0	0	−18 000
Earnings Before Tax	−1 193 000	−36 000	−5 000	−24 000
Tax	0	0	0	0
Net Income	−1 193 000	−36 000	−5 000	−24 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 000	64 000	0	900 000
Total Current Assets	423 000	100 000	0	0
Total Assets	475 000	164 000	0	900 000
Total Retained Equity	−1 289 000	−96 000	−60 000	−55 000
Total Equity	−1 259 000	−66 000	−30 000	−25 000
Total Long-Term Debt	0	31 000	30 000	925 000
Total Current Debt	1 734 000	200 000	0	0
Total Equity and Debt	475 000	164 000	0	900 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	207 000	0	0	0
Other Income	0	0	0	0
Revenue	207 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	616 000	0	0	0
Depreciation	31 000	10 000	0	0
Impairment	0	0	0	0
Expenditure	1 378 000	35 000	5 000	6 000
Operating Profit	−1 171 000	−36 000	−5 000	−6 000
Financial Income	0	0	6 000	0
Financial Costs	22 000	0	6 000	18 000
Financial Balance	−22 000	0	0	−18 000
Dividends	0	0	0	0
Net Income	−1 193 000	−36 000	−5 000	−24 000

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	52 000	64 000	0	0
Total Tangible Assets	52 000	64 000	0	0
Total Fiancial Fixed Assets	0	0	0	900 000
Total Fixed Assets	52 000	64 000	0	900 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	383 000	100 000	0	0
Total Current Assets	423 000	100 000	0	0
Total Assets	475 000	164 000	0	900 000
Total Equity	−1 259 000	−66 000	−30 000	−25 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	31 000	30 000	925 000
Creditors	4 000	0	0	0
Unpaid Taxes	87 000	−20 000	0	0
Dividends	0	0	0	0
Other Current Debt	1 643 000	220 000	0	0
Total Current Debt	1 734 000	200 000	0	0
Total Equity and Debt	475 000	164 000	0	900 000

Financial indicators	2022	2021	2020	2019
Return on Equity	94,76 %	54,55 %	16,67 %	96 %
Debt-to-Equity Ratio	−0	−0,47	−1	−37
Operating Profit Margin	−565,7 %	-	-	-
Current Ratio	0,24	0,5	-	-
Quick Ratio	0,24	0,5	-	-
Equity Ratio	−2,65	−0,4	-	−0,03
Gross Profit Margin	100 %	-	-	-