FAREID TECNOLOGY AS

3970 LANGESUND

Finances

Share Ownership

Return on Equity

−23,4 %

Current Ratio

1,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−11 000	−25 000	−95 000	−1 143 000
Total Assets	152 000	161 000	186 000	3 525 000
Total Equity	47 000	59 000	83 000	179 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	11 000	25 000	95 000	1 142 000
Operating Profit	−11 000	−24 000	−95 000	−1 143 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−11 000	−25 000	−95 000	−1 143 000
Tax	0	0	0	0
Net Income	−11 000	−25 000	−95 000	−1 143 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 000	4 000	6 000	8 000
Total Current Assets	149 000	157 000	180 000	3 517 000
Total Assets	152 000	161 000	186 000	3 525 000
Total Retained Equity	−3 414 000	−3 402 000	−3 378 000	−3 282 000
Total Equity	47 000	59 000	83 000	179 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	105 000	102 000	102 000	3 346 000
Total Equity and Debt	152 000	161 000	186 000	3 525 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	61 000	881 000
Depreciation	1 000	2 000	2 000	3 000
Impairment	0	0	0	0
Expenditure	11 000	25 000	95 000	1 142 000
Operating Profit	−11 000	−24 000	−95 000	−1 143 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−11 000	−25 000	−95 000	−1 143 000

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	3 000	4 000	6 000	8 000
Total Tangible Assets	3 000	4 000	6 000	8 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 000	4 000	6 000	8 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 000	17 000	29 000	86 000
Total Current Assets	149 000	157 000	180 000	3 517 000
Total Assets	152 000	161 000	186 000	3 525 000
Total Equity	47 000	59 000	83 000	179 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	0	0	0
Unpaid Taxes	13 000	0	0	70 000
Dividends	0	0	0	0
Other Current Debt	90 000	102 000	102 000	3 276 000
Total Current Debt	105 000	102 000	102 000	3 346 000
Total Equity and Debt	152 000	161 000	186 000	3 525 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,4 %	−42,37 %	−114,46 %	−638,55 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	-
Current Ratio	1,42	1,54	1,76	1,05
Quick Ratio	1,42	1,54	1,76	1,05
Equity Ratio	0,31	0,37	0,45	0,05
Gross Profit Margin	-	-	-	-