FRESH WATER NORWAY AS

0251 OSLO

Finances

Return on Equity

−46,09 %

Current Ratio

13,81

Debt-to-Equity Ratio

0,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 038 000	2 403 000	0	0
Net Income	−28 815 000	−12 507 000	−1 487 000	−1 189 000
Total Assets	82 629 000	69 360 000	41 546 000	541 000
Total Equity	62 524 000	66 339 000	36 131 000	239 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 038 000	2 403 000	0	0
Expenditure	28 541 000	18 377 000	2 039 000	1 522 000
Operating Profit	−23 503 000	−15 973 000	−2 038 000	−1 521 000
Financial Income	−50 000	−47 000	132 000	0
Financial Costs	5 262 000	13 000	0	3 000
Financial Balance	−5 312 000	−60 000	132 000	−3 000
Earnings Before Tax	−28 815 000	−16 034 000	−1 906 000	−1 524 000
Tax	0	−3 527 000	−419 000	−335 000
Net Income	−28 815 000	−12 507 000	−1 487 000	−1 189 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	46 645 000	47 250 000	26 952 000	365 000
Total Current Assets	35 984 000	22 110 000	14 593 000	176 000
Total Assets	82 629 000	69 360 000	41 546 000	541 000
Total Retained Equity	−44 103 000	−15 288 000	−2 782 000	−1 295 000
Total Equity	62 524 000	66 339 000	36 131 000	239 000
Total Long-Term Debt	17 500 000	0	0	0
Total Current Debt	2 605 000	3 021 000	5 414 000	303 000
Total Equity and Debt	82 629 000	69 360 000	41 546 000	541 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 038 000	2 403 000	0	0
Other Income	0	0	0	0
Revenue	5 038 000	2 403 000	0	0
Cost of Goods Sold	2 339 000	1 976 000	0	0
Salary Costs	7 563 000	5 991 000	1 022 000	767 000
Depreciation	4 255 000	2 796 000	0	0
Impairment	0	0	0	0
Expenditure	28 541 000	18 377 000	2 039 000	1 522 000
Operating Profit	−23 503 000	−15 973 000	−2 038 000	−1 521 000
Financial Income	−50 000	−47 000	132 000	0
Financial Costs	5 262 000	13 000	0	3 000
Financial Balance	−5 312 000	−60 000	132 000	−3 000
Dividends	0	0	0	0
Net Income	−28 815 000	−12 507 000	−1 487 000	−1 189 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 393 000	4 351 000	785 000	365 000
Real Eastate	32 619 000	29 418 000	20 889 000	0
Machinery and Plant Facilities	8 393 000	7 610 000	5 200 000	0
Fixtures	1 240 000	938 000	80 000	0
Total Tangible Assets	42 252 000	37 967 000	26 168 000	0
Total Fiancial Fixed Assets	0	4 932 000	0	0
Total Fixed Assets	46 645 000	47 250 000	26 952 000	365 000
Stock	2 954 000	1 882 000	0	0
Total Investments	0	0	0	0
Cash, Bank	24 920 000	15 231 000	7 940 000	47 000
Total Current Assets	35 984 000	22 110 000	14 593 000	176 000
Total Assets	82 629 000	69 360 000	41 546 000	541 000
Total Equity	62 524 000	66 339 000	36 131 000	239 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	17 500 000	0	0	0
Creditors	397 000	1 571 000	3 956 000	10 000
Unpaid Taxes	602 000	427 000	137 000	33 000
Dividends	0	0	0	0
Other Current Debt	1 606 000	1 023 000	1 321 000	260 000
Total Current Debt	2 605 000	3 021 000	5 414 000	303 000
Total Equity and Debt	82 629 000	69 360 000	41 546 000	541 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−46,09 %	−18,85 %	−4,12 %	−497,49 %
Debt-to-Equity Ratio	0,28	0	0	0
Operating Profit Margin	−466,51 %	−664,71 %	-	-
Current Ratio	13,81	7,32	2,7	0,58
Quick Ratio	−103,11	19,41	2,7	0,58
Equity Ratio	0,76	0,96	0,87	0,44
Gross Profit Margin	53,57 %	17,77 %	-	-