FORMIDABLE AS

4610 KRISTIANSAND S

Finances

Return on Equity

23,3 %

Current Ratio

32,8

Debt-to-Equity Ratio

3,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	45 000	45 000
Net Income	473 000	173 000	772 000	592 000
Total Assets	8 207 000	8 707 000	9 170 000	8 949 000
Total Equity	2 030 000	1 557 000	1 385 000	612 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	45 000	45 000
Expenditure	23 000	3 000	16 000	14 000
Operating Profit	−23 000	−3 000	29 000	31 000
Financial Income	632 000	175 000	755 000	570 000
Financial Costs	135 000	0	0	0
Financial Balance	497 000	175 000	755 000	570 000
Earnings Before Tax	473 000	172 000	784 000	601 000
Tax	0	−1 000	11 000	8 000
Net Income	473 000	173 000	772 000	592 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 880 000	8 107 000	7 807 000	7 771 000
Total Current Assets	328 000	600 000	1 363 000	1 178 000
Total Assets	8 207 000	8 707 000	9 170 000	8 949 000
Total Retained Equity	2 000 000	1 527 000	1 355 000	582 000
Total Equity	2 030 000	1 557 000	1 385 000	612 000
Total Long-Term Debt	6 167 000	0	5 000	4 000
Total Current Debt	10 000	7 150 000	7 781 000	8 333 000
Total Equity and Debt	8 207 000	8 707 000	9 170 000	8 949 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	45 000	45 000
Other Income	0	0	0	0
Revenue	0	0	45 000	45 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	23 000	3 000	16 000	14 000
Operating Profit	−23 000	−3 000	29 000	31 000
Financial Income	632 000	175 000	755 000	570 000
Financial Costs	135 000	0	0	0
Financial Balance	497 000	175 000	755 000	570 000
Dividends	0	0	0	0
Net Income	473 000	173 000	772 000	592 000

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	7 880 000	8 107 000	7 807 000	7 771 000
Total Fixed Assets	7 880 000	8 107 000	7 807 000	7 771 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	28 000	10 000	3 000	8 000
Total Current Assets	328 000	600 000	1 363 000	1 178 000
Total Assets	8 207 000	8 707 000	9 170 000	8 949 000
Total Equity	2 030 000	1 557 000	1 385 000	612 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 167 000	0	5 000	4 000
Creditors	0	8 000	2 000	2 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	10 000	7 138 000	7 769 000	8 327 000
Total Current Debt	10 000	7 150 000	7 781 000	8 333 000
Total Equity and Debt	8 207 000	8 707 000	9 170 000	8 949 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,3 %	11,11 %	55,74 %	96,73 %
Debt-to-Equity Ratio	3,04	0	0	0,01
Operating Profit Margin	-	-	64,44 %	68,89 %
Current Ratio	32,8	0,08	0,18	0,14
Quick Ratio	32,8	0,08	0,18	0,14
Equity Ratio	0,25	0,18	0,15	0,07
Gross Profit Margin	-	-	100 %	100 %