FARMFORCE AS

0160 OSLO

Finances

Return on Equity

−63,19 %

Current Ratio

1,16

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 075 000	15 643 000	9 931 000	8 887 000
Net Income	−18 848 000	−13 912 000	−4 600 000	−5 741 000
Total Assets	48 522 000	56 956 000	41 465 000	8 162 000
Total Equity	29 828 000	45 539 000	35 538 000	4 573 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 075 000	15 643 000	9 931 000	8 887 000
Expenditure	42 108 000	29 517 000	14 374 000	14 437 000
Operating Profit	−19 034 000	−13 873 000	−4 444 000	−5 550 000
Financial Income	1 245 000	751 000	198 000	114 000
Financial Costs	1 037 000	790 000	339 000	304 000
Financial Balance	208 000	−39 000	−141 000	−190 000
Earnings Before Tax	−18 825 000	−13 912 000	−4 585 000	−5 741 000
Tax	23 000	0	15 000	0
Net Income	−18 848 000	−13 912 000	−4 600 000	−5 741 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 623 000	13 057 000	4 041 000	131 000
Total Current Assets	18 899 000	43 899 000	37 425 000	8 031 000
Total Assets	48 522 000	56 956 000	41 465 000	8 162 000
Total Retained Equity	−52 198 000	−33 322 000	−19 410 000	−14 809 000
Total Equity	29 828 000	45 539 000	35 538 000	4 573 000
Total Long-Term Debt	2 400 000	2 400 000	2 400 000	1 500 000
Total Current Debt	16 294 000	9 017 000	3 527 000	2 089 000
Total Equity and Debt	48 522 000	56 956 000	41 465 000	8 162 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 220 000	12 675 000	9 931 000	8 887 000
Other Income	2 855 000	2 968 000	0	0
Revenue	23 075 000	15 643 000	9 931 000	8 887 000
Cost of Goods Sold	0	0	0	0
Salary Costs	10 925 000	9 800 000	2 793 000	3 506 000
Depreciation	256 000	256 000	5 000	10 000
Impairment	0	0	0	0
Expenditure	42 108 000	29 517 000	14 374 000	14 437 000
Operating Profit	−19 034 000	−13 873 000	−4 444 000	−5 550 000
Financial Income	1 245 000	751 000	198 000	114 000
Financial Costs	1 037 000	790 000	339 000	304 000
Financial Balance	208 000	−39 000	−141 000	−190 000
Dividends	0	0	0	0
Net Income	−18 848 000	−13 912 000	−4 600 000	−5 741 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	29 464 000	13 057 000	4 041 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	5 000
Total Tangible Assets	0	0	0	5 000
Total Fiancial Fixed Assets	159 000	0	0	126 000
Total Fixed Assets	29 623 000	13 057 000	4 041 000	131 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 071 000	38 867 000	34 040 000	3 938 000
Total Current Assets	18 899 000	43 899 000	37 425 000	8 031 000
Total Assets	48 522 000	56 956 000	41 465 000	8 162 000
Total Equity	29 828 000	45 539 000	35 538 000	4 573 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 400 000	2 400 000	2 400 000	1 500 000
Creditors	5 318 000	2 980 000	1 375 000	812 000
Unpaid Taxes	1 084 000	842 000	460 000	204 000
Dividends	0	0	0	0
Other Current Debt	9 892 000	5 196 000	1 692 000	1 072 000
Total Current Debt	16 294 000	9 017 000	3 527 000	2 089 000
Total Equity and Debt	48 522 000	56 956 000	41 465 000	8 162 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−63,19 %	−30,55 %	−12,94 %	−125,54 %
Debt-to-Equity Ratio	0,08	0,05	0,07	0,33
Operating Profit Margin	−82,49 %	−88,69 %	−44,75 %	−62,45 %
Current Ratio	1,16	4,87	10,61	3,84
Quick Ratio	1,16	4,87	10,61	3,84
Equity Ratio	0,61	0,8	0,86	0,56
Gross Profit Margin	100 %	100 %	100 %	100 %