FRIEND NETWORK AS

4016 STAVANGER

Finances

Share Ownership

Return on Equity

1,21 %

Current Ratio

0,01

Debt-to-Equity Ratio

−0,05

Key figures (NOK)	2020	2019	2018
Revenue	0	80 000	100 000
Net Income	−125 000	−156 000	−10 140 000
Total Assets	123 000	477 000	1 170 000
Total Equity	−10 326 000	−10 201 000	−10 045 000

Income (NOK)	2020	2019	2018
Revenue	0	80 000	100 000
Expenditure	403 000	123 000	7 097 000
Operating Profit	−403 000	−43 000	−6 997 000
Financial Income	293 000	3 000	0
Financial Costs	14 000	115 000	3 143 000
Financial Balance	279 000	−112 000	−3 143 000
Earnings Before Tax	−125 000	−156 000	−10 140 000
Tax	0	0	0
Net Income	−125 000	−156 000	−10 140 000

Balance (NOK)	2020	2019	2018
Total Fixed Assets	0	0	846 000
Total Current Assets	123 000	477 000	324 000
Total Assets	123 000	477 000	1 170 000
Total Retained Equity	−10 421 000	−10 296 000	−10 140 000
Total Equity	−10 326 000	−10 201 000	−10 045 000
Total Long-Term Debt	522 000	508 000	0
Total Current Debt	9 928 000	10 170 000	11 216 000
Total Equity and Debt	123 000	477 000	1 170 000

Cash flow (NOK)	2020	2019	2018
Sales Income	0	80 000	0
Other Income	0	0	100 000
Revenue	0	80 000	100 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	403 000	123 000	7 097 000
Operating Profit	−403 000	−43 000	−6 997 000
Financial Income	293 000	3 000	0
Financial Costs	14 000	115 000	3 143 000
Financial Balance	279 000	−112 000	−3 143 000
Dividends	0	0	0
Net Income	−125 000	−156 000	−10 140 000

Balance details (NOK)	2020	2019	2018
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	846 000
Total Fixed Assets	0	0	846 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	49 000	269 000	147 000
Total Current Assets	123 000	477 000	324 000
Total Assets	123 000	477 000	1 170 000
Total Equity	−10 326 000	−10 201 000	−10 045 000
Short-Term Group Debt	0	0	1 146 000
Total Long-Term Debt	522 000	508 000	0
Creditors	29 000	0	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	9 898 000	10 170 000	10 070 000
Total Current Debt	9 928 000	10 170 000	11 216 000
Total Equity and Debt	123 000	477 000	1 170 000

Financial indicators	2020	2019	2018
Return on Equity	1,21 %	1,53 %	100,95 %
Debt-to-Equity Ratio	−0,05	−0,05	−0
Operating Profit Margin	-	−53,75 %	−6 997 %
Current Ratio	0,01	0,05	0,03
Quick Ratio	0,01	0,05	0,03
Equity Ratio	−83,95	−21,39	−8,59
Gross Profit Margin	-	100 %	100 %