FROST NORGE AS

1176 OSLO

Finances

Share Ownership

Return on Equity

40,82 %

Current Ratio

2,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 502 000	7 242 000	5 248 000	6 009 000
Net Income	932 000	556 000	390 000	350 000
Total Assets	4 137 000	3 080 000	2 332 000	1 753 000
Total Equity	2 283 000	1 351 000	795 000	405 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 502 000	7 242 000	5 248 000	6 009 000
Expenditure	10 303 000	6 525 000	4 745 000	5 541 000
Operating Profit	1 199 000	717 000	503 000	468 000
Financial Income	1 000	0	0	0
Financial Costs	4 000	4 000	4 000	19 000
Financial Balance	−3 000	−4 000	−4 000	−19 000
Earnings Before Tax	1 195 000	713 000	500 000	449 000
Tax	263 000	157 000	110 000	99 000
Net Income	932 000	556 000	390 000	350 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	4 137 000	3 080 000	2 332 000	1 753 000
Total Assets	4 137 000	3 080 000	2 332 000	1 753 000
Total Retained Equity	2 253 000	1 321 000	765 000	375 000
Total Equity	2 283 000	1 351 000	795 000	405 000
Total Long-Term Debt	0	0	0	300 000
Total Current Debt	1 854 000	1 729 000	1 537 000	1 048 000
Total Equity and Debt	4 137 000	3 080 000	2 332 000	1 753 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 502 000	7 242 000	5 248 000	6 009 000
Other Income	0	0	0	0
Revenue	11 502 000	7 242 000	5 248 000	6 009 000
Cost of Goods Sold	9 699 000	6 020 000	4 374 000	4 505 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	10 303 000	6 525 000	4 745 000	5 541 000
Operating Profit	1 199 000	717 000	503 000	468 000
Financial Income	1 000	0	0	0
Financial Costs	4 000	4 000	4 000	19 000
Financial Balance	−3 000	−4 000	−4 000	−19 000
Dividends	0	0	0	0
Net Income	932 000	556 000	390 000	350 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 833 000	2 543 000	1 817 000	1 278 000
Total Current Assets	4 137 000	3 080 000	2 332 000	1 753 000
Total Assets	4 137 000	3 080 000	2 332 000	1 753 000
Total Equity	2 283 000	1 351 000	795 000	405 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	300 000
Creditors	902 000	1 225 000	441 000	744 000
Unpaid Taxes	513 000	312 000	258 000	205 000
Dividends	0	0	0	0
Other Current Debt	176 000	35 000	728 000	0
Total Current Debt	1 854 000	1 729 000	1 537 000	1 048 000
Total Equity and Debt	4 137 000	3 080 000	2 332 000	1 753 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,82 %	41,15 %	49,06 %	86,42 %
Debt-to-Equity Ratio	0	0	0	0,74
Operating Profit Margin	10,42 %	9,9 %	9,58 %	7,79 %
Current Ratio	2,23	1,78	1,52	1,67
Quick Ratio	2,23	1,78	1,52	1,67
Equity Ratio	0,55	0,44	0,34	0,23
Gross Profit Margin	15,68 %	16,87 %	16,65 %	25,03 %