FRIGOPANEL AS

1081 OSLO

Finances

Share Ownership

Return on Equity

45,77 %

Current Ratio

1,67

Debt-to-Equity Ratio

1,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	114 555 000	86 698 000	25 994 000	9 754 000
Net Income	4 424 000	3 346 000	1 217 000	750 000
Total Assets	42 075 000	23 857 000	6 875 000	3 050 000
Total Equity	9 666 000	5 392 000	2 046 000	829 000

Income (NOK)	2022	2021	2020	2019
Revenue	114 555 000	86 698 000	25 994 000	9 754 000
Expenditure	108 026 000	81 634 000	24 425 000	8 754 000
Operating Profit	6 529 000	5 064 000	1 569 000	999 000
Financial Income	63 000	14 000	6 000	1 000
Financial Costs	1 013 000	771 000	77 000	39 000
Financial Balance	−950 000	−757 000	−71 000	−38 000
Earnings Before Tax	5 579 000	4 307 000	1 498 000	961 000
Tax	1 154 000	961 000	281 000	211 000
Net Income	4 424 000	3 346 000	1 217 000	750 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 053 000	4 974 000	820 000	426 000
Total Current Assets	32 022 000	18 884 000	6 055 000	2 624 000
Total Assets	42 075 000	23 857 000	6 875 000	3 050 000
Total Retained Equity	9 066 000	4 792 000	1 446 000	229 000
Total Equity	9 666 000	5 392 000	2 046 000	829 000
Total Long-Term Debt	13 258 000	14 091 000	2 531 000	457 000
Total Current Debt	19 151 000	4 374 000	2 298 000	1 763 000
Total Equity and Debt	42 075 000	23 857 000	6 875 000	3 050 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	113 074 000	85 523 000	25 848 000	9 754 000
Other Income	1 481 000	1 175 000	146 000	0
Revenue	114 555 000	86 698 000	25 994 000	9 754 000
Cost of Goods Sold	96 829 000	74 599 000	23 265 000	8 146 000
Salary Costs	2 804 000	1 832 000	248 000	0
Depreciation	1 565 000	516 000	145 000	92 000
Impairment	0	0	0	0
Expenditure	108 026 000	81 634 000	24 425 000	8 754 000
Operating Profit	6 529 000	5 064 000	1 569 000	999 000
Financial Income	63 000	14 000	6 000	1 000
Financial Costs	1 013 000	771 000	77 000	39 000
Financial Balance	−950 000	−757 000	−71 000	−38 000
Dividends	0	0	0	0
Net Income	4 424 000	3 346 000	1 217 000	750 000

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	7 753 000	4 973 000	820 000	426 000
Total Tangible Assets	7 753 000	4 973 000	820 000	426 000
Total Fiancial Fixed Assets	2 300 000	0	0	0
Total Fixed Assets	10 053 000	4 974 000	820 000	426 000
Stock	22 005 000	15 610 000	4 250 000	1 119 000
Total Investments	0	0	0	0
Cash, Bank	294 000	1 105 000	553 000	731 000
Total Current Assets	32 022 000	18 884 000	6 055 000	2 624 000
Total Assets	42 075 000	23 857 000	6 875 000	3 050 000
Total Equity	9 666 000	5 392 000	2 046 000	829 000
Short-Term Group Debt	0	0	896 000	896 000
Total Long-Term Debt	13 258 000	14 091 000	2 531 000	457 000
Creditors	0	1 393 000	223 000	120 000
Unpaid Taxes	1 387 000	1 388 000	639 000	334 000
Dividends	0	0	0	0
Other Current Debt	524 000	384 000	223 000	353 000
Total Current Debt	19 151 000	4 374 000	2 298 000	1 763 000
Total Equity and Debt	42 075 000	23 857 000	6 875 000	3 050 000

Financial indicators	2022	2021	2020	2019
Return on Equity	45,77 %	62,05 %	59,48 %	90,47 %
Debt-to-Equity Ratio	1,37	2,61	1,24	0,55
Operating Profit Margin	5,7 %	5,84 %	6,04 %	10,24 %
Current Ratio	1,67	4,32	2,63	1,49
Quick Ratio	−11,22	−1,68	−3,1	4,07
Equity Ratio	0,23	0,23	0,3	0,27
Gross Profit Margin	15,47 %	13,96 %	10,5 %	16,49 %