B. FARNES AS

3085 HOLMESTRAND

Finances

Return on Equity

28,78 %

Current Ratio

5,78

Debt-to-Equity Ratio

0,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	479 000	571 000	422 000	151 000
Net Income	141 000	126 000	116 000	85 000
Total Assets	856 000	744 000	526 000	449 000
Total Equity	490 000	349 000	223 000	107 000

Income (NOK)	2022	2021	2020	2019
Revenue	479 000	571 000	422 000	151 000
Expenditure	396 000	392 000	250 000	36 000
Operating Profit	84 000	179 000	171 000	115 000
Financial Income	97 000	3 000	0	0
Financial Costs	21 000	20 000	22 000	8 000
Financial Balance	76 000	−17 000	−22 000	−8 000
Earnings Before Tax	160 000	162 000	149 000	107 000
Tax	19 000	36 000	33 000	22 000
Net Income	141 000	126 000	116 000	85 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	573 000	498 000	352 000	240 000
Total Current Assets	283 000	246 000	174 000	210 000
Total Assets	856 000	744 000	526 000	449 000
Total Retained Equity	460 000	319 000	193 000	77 000
Total Equity	490 000	349 000	223 000	107 000
Total Long-Term Debt	318 000	322 000	246 000	321 000
Total Current Debt	49 000	74 000	57 000	22 000
Total Equity and Debt	856 000	744 000	526 000	449 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	479 000	571 000	422 000	151 000
Other Income	0	0	0	0
Revenue	479 000	571 000	422 000	151 000
Cost of Goods Sold	5 000	131 000	33 000	0
Salary Costs	2 000	1 000	0	0
Depreciation	111 000	95 000	78 000	10 000
Impairment	0	0	0	0
Expenditure	396 000	392 000	250 000	36 000
Operating Profit	84 000	179 000	171 000	115 000
Financial Income	97 000	3 000	0	0
Financial Costs	21 000	20 000	22 000	8 000
Financial Balance	76 000	−17 000	−22 000	−8 000
Dividends	0	0	0	0
Net Income	141 000	126 000	116 000	85 000

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	258 000	313 000	352 000	240 000
Fixtures	11 000	0	0	0
Total Tangible Assets	269 000	313 000	352 000	240 000
Total Fiancial Fixed Assets	304 000	186 000	0	0
Total Fixed Assets	573 000	498 000	352 000	240 000
Stock	0	0	45 000	60 000
Total Investments	0	0	0	0
Cash, Bank	258 000	243 000	90 000	135 000
Total Current Assets	283 000	246 000	174 000	210 000
Total Assets	856 000	744 000	526 000	449 000
Total Equity	490 000	349 000	223 000	107 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	318 000	322 000	246 000	321 000
Creditors	2 000	0	2 000	1 000
Unpaid Taxes	1 000	0	1 000	0
Dividends	0	0	0	0
Other Current Debt	23 000	33 000	22 000	8 000
Total Current Debt	49 000	74 000	57 000	22 000
Total Equity and Debt	856 000	744 000	526 000	449 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,78 %	36,1 %	52,02 %	79,44 %
Debt-to-Equity Ratio	0,65	0,92	1,1	3
Operating Profit Margin	17,54 %	31,35 %	40,52 %	76,16 %
Current Ratio	5,78	3,32	3,05	9,55
Quick Ratio	5,78	3,32	14,5	−5,53
Equity Ratio	0,57	0,47	0,42	0,24
Gross Profit Margin	98,96 %	77,06 %	92,18 %	100 %