FARSTAD & CO AS

3717 SKIEN

Finances

Share Ownership

Return on Equity

246,13 %

Current Ratio

0,65

Debt-to-Equity Ratio

−2,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 473 000	745 000	467 000	558 000
Net Income	−3 436 000	−2 821 000	−2 690 000	−2 295 000
Total Assets	4 007 000	4 128 000	3 891 000	1 833 000
Total Equity	−1 396 000	2 039 000	−3 536 000	−1 158 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 473 000	745 000	467 000	558 000
Expenditure	4 513 000	3 487 000	3 156 000	2 805 000
Operating Profit	−3 304 000	−2 742 000	−2 689 000	−2 247 000
Financial Income	0	0	0	0
Financial Costs	133 000	79 000	89 000	48 000
Financial Balance	−133 000	−79 000	−89 000	−48 000
Earnings Before Tax	−3 436 000	−2 821 000	−2 778 000	−2 295 000
Tax	0	0	−88 000	0
Net Income	−3 436 000	−2 821 000	−2 690 000	−2 295 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 144 000	3 117 000	2 777 000	1 541 000
Total Current Assets	863 000	1 011 000	1 114 000	292 000
Total Assets	4 007 000	4 128 000	3 891 000	1 833 000
Total Retained Equity	−11 248 000	−7 812 000	−4 991 000	−2 302 000
Total Equity	−1 396 000	2 039 000	−3 536 000	−1 158 000
Total Long-Term Debt	4 075 000	426 000	5 964 000	1 159 000
Total Current Debt	1 328 000	1 662 000	1 463 000	1 833 000
Total Equity and Debt	4 007 000	4 128 000	3 891 000	1 833 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 037 000	719 000	467 000	558 000
Other Income	436 000	26 000	0	0
Revenue	1 473 000	745 000	467 000	558 000
Cost of Goods Sold	318 000	427 000	337 000	342 000
Salary Costs	2 105 000	1 846 000	1 465 000	1 421 000
Depreciation	579 000	340 000	182 000	90 000
Impairment	0	0	0	0
Expenditure	4 513 000	3 487 000	3 156 000	2 805 000
Operating Profit	−3 304 000	−2 742 000	−2 689 000	−2 247 000
Financial Income	0	0	0	0
Financial Costs	133 000	79 000	89 000	48 000
Financial Balance	−133 000	−79 000	−89 000	−48 000
Dividends	0	0	0	0
Net Income	−3 436 000	−2 821 000	−2 690 000	−2 295 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 880 000	1 840 000	1 508 000	140 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 263 000	1 276 000	1 269 000	1 401 000
Total Tangible Assets	1 263 000	1 276 000	1 269 000	1 401 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 144 000	3 117 000	2 777 000	1 541 000
Stock	759 000	785 000	135 000	103 000
Total Investments	0	0	0	0
Cash, Bank	67 000	73 000	69 000	62 000
Total Current Assets	863 000	1 011 000	1 114 000	292 000
Total Assets	4 007 000	4 128 000	3 891 000	1 833 000
Total Equity	−1 396 000	2 039 000	−3 536 000	−1 158 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 075 000	426 000	5 964 000	1 159 000
Creditors	846 000	328 000	135 000	594 000
Unpaid Taxes	200 000	132 000	140 000	96 000
Dividends	0	0	0	0
Other Current Debt	282 000	187 000	181 000	133 000
Total Current Debt	1 328 000	1 662 000	1 463 000	1 833 000
Total Equity and Debt	4 007 000	4 128 000	3 891 000	1 833 000

Financial indicators	2022	2021	2020	2019
Return on Equity	246,13 %	−138,35 %	76,07 %	198,19 %
Debt-to-Equity Ratio	−2,92	0,21	−1,69	−1
Operating Profit Margin	−224,3 %	−368,05 %	−575,8 %	−402,69 %
Current Ratio	0,65	0,61	0,76	0,16
Quick Ratio	1,52	1,15	0,84	0,17
Equity Ratio	−0,35	0,49	−0,91	−0,63
Gross Profit Margin	78,41 %	42,68 %	27,84 %	38,71 %