FORAFISK AS

4516 MANDAL

Finances

Share Ownership

Return on Equity

1,48 %

Current Ratio

2,15

Debt-to-Equity Ratio

1,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	176 000	355 000	651 000	710 000
Net Income	9 000	109 000	331 000	113 000
Total Assets	1 542 000	1 563 000	1 716 000	1 487 000
Total Equity	607 000	598 000	489 000	158 000

Income (NOK)	2022	2021	2020	2019
Revenue	176 000	355 000	651 000	710 000
Expenditure	111 000	169 000	177 000	460 000
Operating Profit	65 000	187 000	474 000	250 000
Financial Income	0	0	0	0
Financial Costs	53 000	48 000	59 000	65 000
Financial Balance	−53 000	−48 000	−59 000	−65 000
Earnings Before Tax	12 000	139 000	415 000	186 000
Tax	3 000	30 000	84 000	73 000
Net Income	9 000	109 000	331 000	113 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 136 000	1 172 000	1 208 000	1 171 000
Total Current Assets	406 000	391 000	508 000	316 000
Total Assets	1 542 000	1 563 000	1 716 000	1 487 000
Total Retained Equity	585 000	576 000	467 000	137 000
Total Equity	607 000	598 000	489 000	158 000
Total Long-Term Debt	747 000	919 000	1 088 000	1 249 000
Total Current Debt	189 000	46 000	139 000	80 000
Total Equity and Debt	1 542 000	1 563 000	1 716 000	1 487 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	176 000	355 000	637 000	710 000
Other Income	0	0	14 000	0
Revenue	176 000	355 000	651 000	710 000
Cost of Goods Sold	0	38 000	0	0
Salary Costs	1 000	1 000	4 000	72 000
Depreciation	36 000	36 000	21 000	41 000
Impairment	0	0	0	0
Expenditure	111 000	169 000	177 000	460 000
Operating Profit	65 000	187 000	474 000	250 000
Financial Income	0	0	0	0
Financial Costs	53 000	48 000	59 000	65 000
Financial Balance	−53 000	−48 000	−59 000	−65 000
Dividends	0	0	0	0
Net Income	9 000	109 000	331 000	113 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 100 000	1 100 000	1 100 000	1 100 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	15 000	34 000	53 000	0
Fixtures	0	0	0	0
Total Tangible Assets	36 000	72 000	108 000	71 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 136 000	1 172 000	1 208 000	1 171 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	61 000	2 000	8 000	307 000
Total Current Assets	406 000	391 000	508 000	316 000
Total Assets	1 542 000	1 563 000	1 716 000	1 487 000
Total Equity	607 000	598 000	489 000	158 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	747 000	919 000	1 088 000	1 249 000
Creditors	2 000	15 000	2 000	2 000
Unpaid Taxes	0	0	17 000	0
Dividends	0	0	0	0
Other Current Debt	184 000	1 000	35 000	1 000
Total Current Debt	189 000	46 000	139 000	80 000
Total Equity and Debt	1 542 000	1 563 000	1 716 000	1 487 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,48 %	18,23 %	67,69 %	71,52 %
Debt-to-Equity Ratio	1,23	1,54	2,22	7,91
Operating Profit Margin	36,93 %	52,68 %	72,81 %	35,21 %
Current Ratio	2,15	8,5	3,65	3,95
Quick Ratio	2,15	8,5	3,65	3,95
Equity Ratio	0,39	0,38	0,28	0,11
Gross Profit Margin	100 %	89,3 %	100 %	100 %