FESTNINGEN AS

7011 TRONDHEIM

Finances

Share Ownership

Return on Equity

314,28 %

Current Ratio

1,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	51 827 000	3 183 000	9 993 000	32 360 000
Net Income	13 338 000	−290 000	4 754 000	5 306 000
Total Assets	20 677 000	13 153 000	21 446 000	13 351 000
Total Equity	4 244 000	4 906 000	5 196 000	442 000

Income (NOK)	2022	2021	2020	2019
Revenue	51 827 000	3 183 000	9 993 000	32 360 000
Expenditure	34 792 000	3 587 000	3 960 000	25 578 000
Operating Profit	17 035 000	−403 000	6 032 000	6 783 000
Financial Income	89 000	32 000	79 000	81 000
Financial Costs	2 000	0	13 000	46 000
Financial Balance	87 000	32 000	66 000	35 000
Earnings Before Tax	17 122 000	−372 000	6 098 000	6 819 000
Tax	3 784 000	−82 000	1 344 000	1 513 000
Net Income	13 338 000	−290 000	4 754 000	5 306 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	28 000	110 000	28 000	51 000
Total Current Assets	20 649 000	13 044 000	21 417 000	13 301 000
Total Assets	20 677 000	13 153 000	21 446 000	13 351 000
Total Retained Equity	4 144 000	4 806 000	5 096 000	342 000
Total Equity	4 244 000	4 906 000	5 196 000	442 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	16 433 000	8 248 000	16 250 000	12 909 000
Total Equity and Debt	20 677 000	13 153 000	21 446 000	13 351 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	51 705 000	0	1 680 000	32 286 000
Other Income	121 000	3 183 000	8 313 000	74 000
Revenue	51 827 000	3 183 000	9 993 000	32 360 000
Cost of Goods Sold	13 404 000	486 000	1 211 000	16 101 000
Salary Costs	2 533 000	426 000	500 000	1 620 000
Depreciation	0	0	23 000	23 000
Impairment	0	0	0	0
Expenditure	34 792 000	3 587 000	3 960 000	25 578 000
Operating Profit	17 035 000	−403 000	6 032 000	6 783 000
Financial Income	89 000	32 000	79 000	81 000
Financial Costs	2 000	0	13 000	46 000
Financial Balance	87 000	32 000	66 000	35 000
Dividends	14 000 000	0	0	5 000 000
Net Income	13 338 000	−290 000	4 754 000	5 306 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	28 000	110 000	28 000	51 000
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	0	0	0	0
Total Fixed Assets	28 000	110 000	28 000	51 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 255 000	7 780 000	6 809 000	11 781 000
Total Current Assets	20 649 000	13 044 000	21 417 000	13 301 000
Total Assets	20 677 000	13 153 000	21 446 000	13 351 000
Total Equity	4 244 000	4 906 000	5 196 000	442 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	256 000	77 000	550 000	517 000
Unpaid Taxes	134 000	53 000	34 000	67 000
Dividends	14 000 000	0	0	5 000 000
Other Current Debt	12 341 000	8 118 000	14 322 000	10 812 000
Total Current Debt	16 433 000	8 248 000	16 250 000	12 909 000
Total Equity and Debt	20 677 000	13 153 000	21 446 000	13 351 000

Financial indicators	2022	2021	2020	2019
Return on Equity	314,28 %	−5,91 %	91,49 %	1 200,45 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	32,87 %	−12,66 %	60,36 %	20,96 %
Current Ratio	1,26	1,58	1,32	1,03
Quick Ratio	1,26	1,58	1,32	1,03
Equity Ratio	0,21	0,37	0,24	0,03
Gross Profit Margin	74,14 %	84,73 %	87,88 %	50,24 %