FORNAX AS

3222 SANDEFJORD

Finances

Return on Equity

51,88 %

Current Ratio

0,11

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	111 000	58 000	113 000	263 000
Net Income	69 000	−3 000	−45 000	70 000
Total Assets	568 000	561 000	270 000	248 000
Total Equity	133 000	−3 000	0	45 000

Income (NOK)	2021	2020	2019	2018
Revenue	111 000	58 000	113 000	263 000
Expenditure	41 000	58 000	172 000	172 000
Operating Profit	69 000	−1 000	−60 000	90 000
Financial Income	0	0	0	0
Financial Costs	0	3 000	0	0
Financial Balance	0	−3 000	0	0
Earnings Before Tax	69 000	−4 000	−60 000	90 000
Tax	0	−1 000	−15 000	21 000
Net Income	69 000	−3 000	−45 000	70 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	518 000	337 000	230 000	23 000
Total Current Assets	50 000	224 000	40 000	225 000
Total Assets	568 000	561 000	270 000	248 000
Total Retained Equity	103 000	−33 000	−30 000	15 000
Total Equity	133 000	−3 000	0	45 000
Total Long-Term Debt	0	0	0	1 000
Total Current Debt	435 000	564 000	270 000	202 000
Total Equity and Debt	568 000	561 000	270 000	248 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	111 000	58 000	113 000	263 000
Other Income	0	0	0	0
Revenue	111 000	58 000	113 000	263 000
Cost of Goods Sold	0	0	1 000	2 000
Salary Costs	0	0	1 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	41 000	58 000	172 000	172 000
Operating Profit	69 000	−1 000	−60 000	90 000
Financial Income	0	0	0	0
Financial Costs	0	3 000	0	0
Financial Balance	0	−3 000	0	0
Dividends	0	0	0	0
Net Income	69 000	−3 000	−45 000	70 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	15 000	13 000	12 000	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	503 000	324 000	218 000	23 000
Total Fixed Assets	518 000	337 000	230 000	23 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 000	2 000	2 000	2 000
Total Current Assets	50 000	224 000	40 000	225 000
Total Assets	568 000	561 000	270 000	248 000
Total Equity	133 000	−3 000	0	45 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 000
Creditors	0	0	0	0
Unpaid Taxes	100 000	47 000	−2 000	27 000
Dividends	0	0	0	0
Other Current Debt	336 000	518 000	273 000	173 000
Total Current Debt	435 000	564 000	270 000	202 000
Total Equity and Debt	568 000	561 000	270 000	248 000

Financial indicators	2021	2020	2019	2018
Return on Equity	51,88 %	100 %	-	155,56 %
Debt-to-Equity Ratio	0	−0	-	0,02
Operating Profit Margin	62,16 %	−1,72 %	−53,1 %	34,22 %
Current Ratio	0,11	0,4	0,15	1,11
Quick Ratio	0,11	0,4	0,15	1,11
Equity Ratio	0,23	−0,01	0	0,18
Gross Profit Margin	100 %	100 %	99,12 %	99,24 %