ECO FINANS FREDRIKSTAD AS

1617 FREDRIKSTAD

Finances

Return on Equity

16,74 %

Current Ratio

2,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 236 000	2 343 000	1 138 000	383 000
Net Income	145 000	386 000	207 000	99 000
Total Assets	1 365 000	1 367 000	521 000	186 000
Total Equity	866 000	721 000	335 000	129 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 236 000	2 343 000	1 138 000	383 000
Expenditure	3 051 000	1 851 000	874 000	258 000
Operating Profit	186 000	493 000	264 000	126 000
Financial Income	1 000	2 000	1 000	1 000
Financial Costs	1 000	0	0	0
Financial Balance	0	2 000	1 000	1 000
Earnings Before Tax	187 000	495 000	265 000	127 000
Tax	42 000	109 000	58 000	28 000
Net Income	145 000	386 000	207 000	99 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	59 000	23 000	0	0
Total Current Assets	1 306 000	1 344 000	521 000	186 000
Total Assets	1 365 000	1 367 000	521 000	186 000
Total Retained Equity	836 000	691 000	305 000	99 000
Total Equity	866 000	721 000	335 000	129 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	499 000	645 000	185 000	57 000
Total Equity and Debt	1 365 000	1 367 000	521 000	186 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	694 000	921 000	706 000	383 000
Other Income	2 542 000	1 422 000	433 000	0
Revenue	3 236 000	2 343 000	1 138 000	383 000
Cost of Goods Sold	1 265 000	1 076 000	393 000	184 000
Salary Costs	1 343 000	486 000	302 000	13 000
Depreciation	5 000	6 000	0	0
Impairment	0	0	0	0
Expenditure	3 051 000	1 851 000	874 000	258 000
Operating Profit	186 000	493 000	264 000	126 000
Financial Income	1 000	2 000	1 000	1 000
Financial Costs	1 000	0	0	0
Financial Balance	0	2 000	1 000	1 000
Dividends	0	0	0	0
Net Income	145 000	386 000	207 000	99 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	18 000	23 000	0	0
Total Tangible Assets	18 000	23 000	0	0
Total Fiancial Fixed Assets	41 000	0	0	0
Total Fixed Assets	59 000	23 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	240 000	234 000	159 000	104 000
Total Current Assets	1 306 000	1 344 000	521 000	186 000
Total Assets	1 365 000	1 367 000	521 000	186 000
Total Equity	866 000	721 000	335 000	129 000
Short-Term Group Debt	5 000	155 000	30 000	0
Total Long-Term Debt	0	0	0	0
Creditors	88 000	70 000	7 000	18 000
Unpaid Taxes	203 000	187 000	33 000	11 000
Dividends	0	0	0	0
Other Current Debt	162 000	124 000	57 000	1 000
Total Current Debt	499 000	645 000	185 000	57 000
Total Equity and Debt	1 365 000	1 367 000	521 000	186 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,74 %	53,54 %	61,79 %	76,74 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,75 %	21,04 %	23,2 %	32,9 %
Current Ratio	2,62	2,08	2,82	3,26
Quick Ratio	2,62	2,08	2,82	3,26
Equity Ratio	0,63	0,53	0,64	0,69
Gross Profit Margin	60,91 %	54,08 %	65,47 %	51,96 %