FINNESTAD HOLDING AS

1894 RAKKESTAD

Finances

Return on Equity

4,12 %

Current Ratio

1,66

Debt-to-Equity Ratio

0,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	38 000	897 000	355 000	0
Total Assets	2 525 000	2 546 000	655 000	176 000
Total Equity	923 000	885 000	381 000	26 000

Income (NOK)	2022	2021	2020
Revenue	0	0	0
Expenditure	0	0	0
Operating Profit	0	0	0
Financial Income	45 000	924 000	357 000
Financial Costs	7 000	0	1 000
Financial Balance	38 000	924 000	356 000
Earnings Before Tax	38 000	924 000	356 000
Tax	0	27 000	0
Net Income	38 000	897 000	355 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 143 000	1 377 000	224 000	116 000
Total Current Assets	1 382 000	1 169 000	432 000	59 000
Total Assets	2 525 000	2 546 000	655 000	176 000
Total Retained Equity	893 000	855 000	351 000	1 000
Total Equity	923 000	885 000	381 000	26 000
Total Long-Term Debt	768 000	442 000	274 000	100 000
Total Current Debt	834 000	1 220 000	0	50 000
Total Equity and Debt	2 525 000	2 546 000	655 000	176 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	0	0	0
Revenue	0	0	0
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	0	0	0
Operating Profit	0	0	0
Financial Income	45 000	924 000	357 000
Financial Costs	7 000	0	1 000
Financial Balance	38 000	924 000	356 000
Dividends	0	300 000	0
Net Income	38 000	897 000	355 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 000	1 000
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	1 143 000	1 377 000	223 000	115 000
Total Fixed Assets	1 143 000	1 377 000	224 000	116 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	548 000	245 000	67 000	59 000
Total Current Assets	1 382 000	1 169 000	432 000	59 000
Total Assets	2 525 000	2 546 000	655 000	176 000
Total Equity	923 000	885 000	381 000	26 000
Short-Term Group Debt	834 000	920 000	0	0
Total Long-Term Debt	768 000	442 000	274 000	100 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	300 000	0	0
Other Current Debt	0	0	0	50 000
Total Current Debt	834 000	1 220 000	0	50 000
Total Equity and Debt	2 525 000	2 546 000	655 000	176 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,12 %	101,36 %	93,18 %	0 %
Debt-to-Equity Ratio	0,83	0,5	0,72	3,85
Operating Profit Margin	-	-	-	-
Current Ratio	1,66	0,96	-	1,18
Quick Ratio	1,66	0,96	-	1,18
Equity Ratio	0,37	0,35	0,58	0,15
Gross Profit Margin	-	-	-	-