FRONTE AS

9011 TROMSØ

Finances

Share Ownership

Return on Equity

−14,89 %

Current Ratio

1,29

Debt-to-Equity Ratio

3,88

Key figures (NOK)	2021	2020	2019	2018
Revenue	380 000	17 840 000	18 991 000	0
Net Income	−162 000	1 987 000	531 000	−492 000
Total Assets	6 346 000	7 530 000	14 677 000	20 395 000
Total Equity	1 088 000	1 251 000	64 000	−467 000

Income (NOK)	2021	2020	2019	2018
Revenue	380 000	17 840 000	18 991 000	0
Expenditure	462 000	5 368 000	5 523 000	127 000
Operating Profit	−82 000	3 031 000	1 332 000	−127 000
Financial Income	0	2 000	1 000	0
Financial Costs	119 000	520 000	759 000	365 000
Financial Balance	−119 000	−518 000	−758 000	−365 000
Earnings Before Tax	−201 000	2 514 000	574 000	−492 000
Tax	−39 000	527 000	43 000	0
Net Income	−162 000	1 987 000	531 000	−492 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	5 013 000	5 065 000	5 109 000	8 203 000
Total Current Assets	1 333 000	2 465 000	9 568 000	12 192 000
Total Assets	6 346 000	7 530 000	14 677 000	20 395 000
Total Retained Equity	1 058 000	1 221 000	34 000	−497 000
Total Equity	1 088 000	1 251 000	64 000	−467 000
Total Long-Term Debt	4 224 000	4 283 000	11 818 000	16 358 000
Total Current Debt	1 034 000	1 997 000	2 796 000	4 504 000
Total Equity and Debt	6 346 000	7 530 000	14 677 000	20 395 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	96 000	17 600 000	18 800 000	0
Other Income	284 000	240 000	191 000	0
Revenue	380 000	17 840 000	18 991 000	0
Cost of Goods Sold	4 000	4 979 000	5 032 000	0
Salary Costs	0	0	0	0
Depreciation	90 000	90 000	90 000	30 000
Impairment	0	0	0	0
Expenditure	462 000	5 368 000	5 523 000	127 000
Operating Profit	−82 000	3 031 000	1 332 000	−127 000
Financial Income	0	2 000	1 000	0
Financial Costs	119 000	520 000	759 000	365 000
Financial Balance	−119 000	−518 000	−758 000	−365 000
Dividends	0	800 000	0	0
Net Income	−162 000	1 987 000	531 000	−492 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	85 000	46 000	0	0
Real Eastate	4 929 000	5 019 000	5 109 000	8 203 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 929 000	5 019 000	5 109 000	8 203 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 013 000	5 065 000	5 109 000	8 203 000
Stock	0	0	9 440 000	12 135 000
Total Investments	0	0	0	0
Cash, Bank	47 000	398 000	128 000	58 000
Total Current Assets	1 333 000	2 465 000	9 568 000	12 192 000
Total Assets	6 346 000	7 530 000	14 677 000	20 395 000
Total Equity	1 088 000	1 251 000	64 000	−467 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 224 000	4 283 000	11 818 000	16 358 000
Creditors	66 000	28 000	107 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	800 000	0	0
Other Current Debt	967 000	553 000	2 645 000	4 504 000
Total Current Debt	1 034 000	1 997 000	2 796 000	4 504 000
Total Equity and Debt	6 346 000	7 530 000	14 677 000	20 395 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−14,89 %	158,83 %	829,69 %	105,35 %
Debt-to-Equity Ratio	3,88	3,42	184,66	−35,03
Operating Profit Margin	−21,58 %	16,99 %	7,01 %	-
Current Ratio	1,29	1,23	3,42	2,71
Quick Ratio	1,29	1,23	−1,44	−1,6
Equity Ratio	0,17	0,17	0	−0,02
Gross Profit Margin	98,95 %	72,09 %	73,5 %	-