Ø.FARESTVEIT MEKANISKE AS

5729 MODALEN

Finances

Share Ownership

Return on Equity

5,56 %

Current Ratio

1,31

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	300 000	207 000	414 000	398 000
Net Income	2 000	−2 000	0	2 000
Total Assets	151 000	198 000	128 000	95 000
Total Equity	36 000	34 000	36 000	36 000

Income (NOK)	2022	2021	2020	2019
Revenue	300 000	207 000	414 000	398 000
Expenditure	298 000	208 000	414 000	395 000
Operating Profit	3 000	−2 000	0	3 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	2 000	−2 000	0	2 000
Tax	0	0	0	1 000
Net Income	2 000	−2 000	0	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	151 000	198 000	128 000	95 000
Total Assets	151 000	198 000	128 000	95 000
Total Retained Equity	6 000	4 000	6 000	6 000
Total Equity	36 000	34 000	36 000	36 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	115 000	164 000	92 000	59 000
Total Equity and Debt	151 000	198 000	128 000	95 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	300 000	205 000	414 000	392 000
Other Income	0	2 000	0	6 000
Revenue	300 000	207 000	414 000	398 000
Cost of Goods Sold	298 000	208 000	414 000	395 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	298 000	208 000	414 000	395 000
Operating Profit	3 000	−2 000	0	3 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	2 000	−2 000	0	2 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	38 000	40 000	0	0
Total Investments	0	0	0	0
Cash, Bank	−8 000	55 000	34 000	−17 000
Total Current Assets	151 000	198 000	128 000	95 000
Total Assets	151 000	198 000	128 000	95 000
Total Equity	36 000	34 000	36 000	36 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	24 000	26 000	39 000	5 000
Unpaid Taxes	−26 000	5 000	3 000	−10 000
Dividends	0	0	0	0
Other Current Debt	117 000	133 000	51 000	64 000
Total Current Debt	115 000	164 000	92 000	59 000
Total Equity and Debt	151 000	198 000	128 000	95 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,56 %	−5,88 %	0 %	5,56 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1 %	−0,97 %	0 %	0,75 %
Current Ratio	1,31	1,21	1,39	1,61
Quick Ratio	1,96	1,6	1,39	1,61
Equity Ratio	0,24	0,17	0,28	0,38
Gross Profit Margin	0,67 %	−0,48 %	0 %	0,75 %