FRUGALIS AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

75,89 %

Current Ratio

10,96

Debt-to-Equity Ratio

−3,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	60 000	63 000	0	30 000
Net Income	−1 684 000	−793 000	−40 000	−85 000
Total Assets	4 641 000	4 023 000	482 000	510 000
Total Equity	−2 219 000	−535 000	41 000	81 000

Income (NOK)	2022	2021	2020	2019
Revenue	60 000	63 000	0	30 000
Expenditure	1 454 000	682 000	30 000	120 000
Operating Profit	−1 394 000	−619 000	−30 000	−90 000
Financial Income	0	1 000	0	0
Financial Costs	290 000	116 000	21 000	19 000
Financial Balance	−290 000	−115 000	−21 000	−19 000
Earnings Before Tax	−1 684 000	−733 000	−51 000	−110 000
Tax	0	60 000	−11 000	−24 000
Net Income	−1 684 000	−793 000	−40 000	−85 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 589 000	499 000	309 000	150 000
Total Current Assets	1 052 000	3 524 000	173 000	361 000
Total Assets	4 641 000	4 023 000	482 000	510 000
Total Retained Equity	−2 690 000	−1 006 000	−213 000	−173 000
Total Equity	−2 219 000	−535 000	41 000	81 000
Total Long-Term Debt	6 764 000	4 479 000	440 000	419 000
Total Current Debt	96 000	79 000	1 000	11 000
Total Equity and Debt	4 641 000	4 023 000	482 000	510 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	60 000	63 000	0	0
Other Income	0	0	0	30 000
Revenue	60 000	63 000	0	30 000
Cost of Goods Sold	40 000	23 000	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 454 000	682 000	30 000	120 000
Operating Profit	−1 394 000	−619 000	−30 000	−90 000
Financial Income	0	1 000	0	0
Financial Costs	290 000	116 000	21 000	19 000
Financial Balance	−290 000	−115 000	−21 000	−19 000
Dividends	0	0	0	0
Net Income	−1 684 000	−793 000	−40 000	−85 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	60 000	49 000
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	3 589 000	499 000	249 000	101 000
Total Fixed Assets	3 589 000	499 000	309 000	150 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	868 000	3 430 000	167 000	354 000
Total Current Assets	1 052 000	3 524 000	173 000	361 000
Total Assets	4 641 000	4 023 000	482 000	510 000
Total Equity	−2 219 000	−535 000	41 000	81 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 764 000	4 479 000	440 000	419 000
Creditors	15 000	2 000	1 000	11 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	81 000	77 000	0	0
Total Current Debt	96 000	79 000	1 000	11 000
Total Equity and Debt	4 641 000	4 023 000	482 000	510 000

Financial indicators	2022	2021	2020	2019
Return on Equity	75,89 %	148,22 %	−97,56 %	−104,94 %
Debt-to-Equity Ratio	−3,05	−8,37	10,73	5,17
Operating Profit Margin	−2 323,33 %	−982,54 %	-	−300 %
Current Ratio	10,96	44,61	173	32,82
Quick Ratio	10,96	44,61	173	32,82
Equity Ratio	−0,48	−0,13	0,09	0,16
Gross Profit Margin	33,33 %	63,49 %	-	100 %