FARSUND ADVENTURE AS

4550 FARSUND

Finances

Share Ownership

Return on Equity

51,92 %

Current Ratio

1,53

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	685 000	334 000	207 000	84 000
Net Income	203 000	78 000	49 000	37 000
Total Assets	766 000	505 000	533 000	403 000
Total Equity	391 000	188 000	111 000	62 000

Income (NOK)	2022	2021	2020	2019
Revenue	685 000	334 000	207 000	84 000
Expenditure	425 000	234 000	144 000	38 000
Operating Profit	261 000	100 000	63 000	46 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	261 000	100 000	63 000	46 000
Tax	58 000	22 000	14 000	9 000
Net Income	203 000	78 000	49 000	37 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	206 000	241 000	276 000	282 000
Total Current Assets	560 000	264 000	257 000	121 000
Total Assets	766 000	505 000	533 000	403 000
Total Retained Equity	361 000	158 000	81 000	32 000
Total Equity	391 000	188 000	111 000	62 000
Total Long-Term Debt	10 000	12 000	10 000	6 000
Total Current Debt	365 000	305 000	412 000	335 000
Total Equity and Debt	766 000	505 000	533 000	403 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	685 000	334 000	207 000	84 000
Other Income	0	0	0	0
Revenue	685 000	334 000	207 000	84 000
Cost of Goods Sold	0	3 000	0	0
Salary Costs	202 000	98 000	67 000	18 000
Depreciation	35 000	35 000	23 000	12 000
Impairment	0	0	0	0
Expenditure	425 000	234 000	144 000	38 000
Operating Profit	261 000	100 000	63 000	46 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	203 000	78 000	49 000	37 000

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	98 000	113 000	128 000	149 000
Fixtures	6 000	12 000	18 000	0
Total Tangible Assets	206 000	241 000	276 000	282 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	206 000	241 000	276 000	282 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	555 000	255 000	241 000	93 000
Total Current Assets	560 000	264 000	257 000	121 000
Total Assets	766 000	505 000	533 000	403 000
Total Equity	391 000	188 000	111 000	62 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 000	12 000	10 000	6 000
Creditors	0	0	22 000	0
Unpaid Taxes	6 000	0	−1 000	−38 000
Dividends	0	0	0	0
Other Current Debt	299 000	284 000	380 000	370 000
Total Current Debt	365 000	305 000	412 000	335 000
Total Equity and Debt	766 000	505 000	533 000	403 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,92 %	41,49 %	44,14 %	59,68 %
Debt-to-Equity Ratio	0,03	0,06	0,09	0,1
Operating Profit Margin	38,1 %	29,94 %	30,43 %	54,76 %
Current Ratio	1,53	0,87	0,62	0,36
Quick Ratio	1,53	0,87	0,62	0,36
Equity Ratio	0,51	0,37	0,21	0,15
Gross Profit Margin	100 %	99,1 %	100 %	100 %