FREITECH AS

3015 DRAMMEN

Finances

Return on Equity

−94,33 %

Current Ratio

2,27

Debt-to-Equity Ratio

2,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 285 000	1 552 000	799 000	988 000
Net Income	−316 000	144 000	202 000	101 000
Total Assets	1 797 000	1 286 000	998 000	618 000
Total Equity	335 000	651 000	507 000	305 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 285 000	1 552 000	799 000	988 000
Expenditure	1 253 000	1 367 000	577 000	857 000
Operating Profit	31 000	186 000	222 000	131 000
Financial Income	0	0	0	0
Financial Costs	256 000	0	0	1 000
Financial Balance	−256 000	0	0	−1 000
Earnings Before Tax	−225 000	185 000	222 000	130 000
Tax	91 000	41 000	20 000	29 000
Net Income	−316 000	144 000	202 000	101 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	354 000	602 000	594 000	54 000
Total Current Assets	1 443 000	685 000	404 000	564 000
Total Assets	1 797 000	1 286 000	998 000	618 000
Total Retained Equity	285 000	606 000	457 000	261 000
Total Equity	335 000	651 000	507 000	305 000
Total Long-Term Debt	827 000	226 000	227 000	0
Total Current Debt	635 000	410 000	265 000	313 000
Total Equity and Debt	1 797 000	1 286 000	998 000	618 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 285 000	1 552 000	799 000	988 000
Other Income	0	0	0	0
Revenue	1 285 000	1 552 000	799 000	988 000
Cost of Goods Sold	472 000	816 000	125 000	0
Salary Costs	552 000	360 000	277 000	675 000
Depreciation	5 000	8 000	9 000	9 000
Impairment	0	0	0	0
Expenditure	1 253 000	1 367 000	577 000	857 000
Operating Profit	31 000	186 000	222 000	131 000
Financial Income	0	0	0	0
Financial Costs	256 000	0	0	1 000
Financial Balance	−256 000	0	0	−1 000
Dividends	0	0	0	0
Net Income	−316 000	144 000	202 000	101 000

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	8 000	13 000	6 000	15 000
Total Tangible Assets	8 000	13 000	6 000	15 000
Total Fiancial Fixed Assets	346 000	588 000	588 000	38 000
Total Fixed Assets	354 000	602 000	594 000	54 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 010 000	417 000	326 000	444 000
Total Current Assets	1 443 000	685 000	404 000	564 000
Total Assets	1 797 000	1 286 000	998 000	618 000
Total Equity	335 000	651 000	507 000	305 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	827 000	226 000	227 000	0
Creditors	21 000	3 000	19 000	0
Unpaid Taxes	286 000	207 000	114 000	180 000
Dividends	0	0	0	0
Other Current Debt	238 000	158 000	83 000	103 000
Total Current Debt	635 000	410 000	265 000	313 000
Total Equity and Debt	1 797 000	1 286 000	998 000	618 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−94,33 %	22,12 %	39,84 %	33,11 %
Debt-to-Equity Ratio	2,47	0,35	0,45	0
Operating Profit Margin	2,41 %	11,98 %	27,78 %	13,26 %
Current Ratio	2,27	1,67	1,52	1,8
Quick Ratio	2,27	1,67	1,52	1,8
Equity Ratio	0,19	0,51	0,51	0,49
Gross Profit Margin	63,27 %	47,42 %	84,36 %	100 %