FORMODALEN EIENDOM AS

3360 GEITHUS

Finances

Share Ownership

Return on Equity

127,09 %

Current Ratio

0,72

Debt-to-Equity Ratio

16,93

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 187 000	907 000	913 000	780 000
Net Income	896 000	15 000	267 000	400 000
Total Assets	14 797 000	14 276 000	10 770 000	11 234 000
Total Equity	705 000	729 000	714 000	455 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 187 000	907 000	913 000	780 000
Expenditure	446 000	500 000	299 000	133 000
Operating Profit	1 742 000	407 000	613 000	647 000
Financial Income	0	0	0	1 000
Financial Costs	593 000	387 000	272 000	135 000
Financial Balance	−593 000	−387 000	−272 000	−134 000
Earnings Before Tax	1 149 000	20 000	342 000	513 000
Tax	253 000	4 000	75 000	113 000
Net Income	896 000	15 000	267 000	400 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 243 000	13 517 000	9 913 000	9 464 000
Total Current Assets	1 555 000	759 000	856 000	1 769 000
Total Assets	14 797 000	14 276 000	10 770 000	11 234 000
Total Retained Equity	643 000	668 000	652 000	393 000
Total Equity	705 000	729 000	714 000	455 000
Total Long-Term Debt	11 934 000	12 284 000	8 560 000	8 415 000
Total Current Debt	2 159 000	1 262 000	1 496 000	2 363 000
Total Equity and Debt	14 797 000	14 276 000	10 770 000	11 234 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	2 187 000	907 000	913 000	780 000
Revenue	2 187 000	907 000	913 000	780 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	381 000	386 000	211 000	50 000
Impairment	0	0	0	0
Expenditure	446 000	500 000	299 000	133 000
Operating Profit	1 742 000	407 000	613 000	647 000
Financial Income	0	0	0	1 000
Financial Costs	593 000	387 000	272 000	135 000
Financial Balance	−593 000	−387 000	−272 000	−134 000
Dividends	0	0	0	0
Net Income	896 000	15 000	267 000	400 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	13 058 000	13 395 000	9 913 000	9 464 000
Machinery and Plant Facilities	185 000	122 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	13 243 000	13 517 000	9 913 000	9 464 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 243 000	13 517 000	9 913 000	9 464 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	415 000	119 000	842 000	1 056 000
Total Current Assets	1 555 000	759 000	856 000	1 769 000
Total Assets	14 797 000	14 276 000	10 770 000	11 234 000
Total Equity	705 000	729 000	714 000	455 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 934 000	12 284 000	8 560 000	8 415 000
Creditors	51 000	16 000	527 000	1 589 000
Unpaid Taxes	31 000	247 000	37 000	0
Dividends	0	0	0	0
Other Current Debt	2 077 000	996 000	900 000	738 000
Total Current Debt	2 159 000	1 262 000	1 496 000	2 363 000
Total Equity and Debt	14 797 000	14 276 000	10 770 000	11 234 000

Financial indicators	2022	2021	2020	2019
Return on Equity	127,09 %	2,06 %	37,39 %	87,91 %
Debt-to-Equity Ratio	16,93	16,85	11,99	18,49
Operating Profit Margin	79,65 %	44,87 %	67,14 %	82,95 %
Current Ratio	0,72	0,6	0,57	0,75
Quick Ratio	0,72	0,6	0,57	0,75
Equity Ratio	0,05	0,05	0,07	0,04
Gross Profit Margin	100 %	100 %	100 %	100 %