FUEL OF NORWAY AS

3511 HØNEFOSS

Finances

Share Ownership

Return on Equity

−120,15 %

Current Ratio

1,29

Debt-to-Equity Ratio

0,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 415 000	4 330 000	2 811 000	1 538 000
Net Income	−1 479 000	−2 555 000	−1 773 000	−4 915 000
Total Assets	4 904 000	7 233 000	6 458 000	5 952 000
Total Equity	1 231 000	1 210 000	1 373 000	1 218 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 415 000	4 330 000	2 811 000	1 538 000
Expenditure	7 256 000	7 542 000	5 059 000	7 738 000
Operating Profit	−1 841 000	−3 213 000	−2 248 000	−6 200 000
Financial Income	28 000	11 000	23 000	1 000
Financial Costs	79 000	73 000	48 000	101 000
Financial Balance	−51 000	−62 000	−25 000	−100 000
Earnings Before Tax	−1 893 000	−3 275 000	−2 273 000	−6 300 000
Tax	−414 000	−719 000	−500 000	−1 385 000
Net Income	−1 479 000	−2 555 000	−1 773 000	−4 915 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	757 000	743 000	1 136 000	1 544 000
Total Current Assets	4 147 000	6 490 000	5 323 000	4 408 000
Total Assets	4 904 000	7 233 000	6 458 000	5 952 000
Total Retained Equity	0	0	0	0
Total Equity	1 231 000	1 210 000	1 373 000	1 218 000
Total Long-Term Debt	462 000	661 000	823 000	873 000
Total Current Debt	3 211 000	5 363 000	4 263 000	3 862 000
Total Equity and Debt	4 904 000	7 233 000	6 458 000	5 952 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 415 000	4 330 000	2 811 000	1 290 000
Other Income	0	0	0	249 000
Revenue	5 415 000	4 330 000	2 811 000	1 538 000
Cost of Goods Sold	2 661 000	3 362 000	1 177 000	1 692 000
Salary Costs	1 660 000	1 478 000	1 238 000	1 343 000
Depreciation	400 000	400 000	400 000	667 000
Impairment	0	0	0	0
Expenditure	7 256 000	7 542 000	5 059 000	7 738 000
Operating Profit	−1 841 000	−3 213 000	−2 248 000	−6 200 000
Financial Income	28 000	11 000	23 000	1 000
Financial Costs	79 000	73 000	48 000	101 000
Financial Balance	−51 000	−62 000	−25 000	−100 000
Dividends	0	0	0	0
Net Income	−1 479 000	−2 555 000	−1 773 000	−4 915 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	422 000	8 000	0	8 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	335 000	735 000	1 136 000	1 536 000
Total Tangible Assets	335 000	735 000	1 136 000	1 536 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	757 000	743 000	1 136 000	1 544 000
Stock	2 291 000	2 666 000	2 452 000	2 765 000
Total Investments	0	0	0	0
Cash, Bank	145 000	141 000	318 000	408 000
Total Current Assets	4 147 000	6 490 000	5 323 000	4 408 000
Total Assets	4 904 000	7 233 000	6 458 000	5 952 000
Total Equity	1 231 000	1 210 000	1 373 000	1 218 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	462 000	661 000	823 000	873 000
Creditors	155 000	1 644 000	501 000	374 000
Unpaid Taxes	91 000	83 000	66 000	54 000
Dividends	0	0	0	0
Other Current Debt	2 964 000	3 636 000	3 696 000	3 433 000
Total Current Debt	3 211 000	5 363 000	4 263 000	3 862 000
Total Equity and Debt	4 904 000	7 233 000	6 458 000	5 952 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−120,15 %	−211,16 %	−129,13 %	−403,53 %
Debt-to-Equity Ratio	0,38	0,55	0,6	0,72
Operating Profit Margin	−34 %	−74,2 %	−79,97 %	−403,12 %
Current Ratio	1,29	1,21	1,25	1,14
Quick Ratio	4,51	2,41	2,94	4,02
Equity Ratio	0,25	0,17	0,21	0,2
Gross Profit Margin	50,86 %	22,36 %	58,13 %	−10,01 %