FREMRAGENDE AS

5184 OLSVIK

Finances

Share Ownership

Return on Equity

838,46 %

Current Ratio

0,82

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019
Revenue	775 000	1 200 000	312 000
Net Income	−109 000	121 000	−49 000
Total Assets	59 000	184 000	96 000
Total Equity	−13 000	96 000	−24 000

Income (NOK)	2021	2020	2019
Revenue	775 000	1 200 000	312 000
Expenditure	883 000	1 061 000	360 000
Operating Profit	−108 000	140 000	−49 000
Financial Income	0	0	0
Financial Costs	0	1 000	0
Financial Balance	0	−1 000	0
Earnings Before Tax	−108 000	140 000	−49 000
Tax	1 000	19 000	0
Net Income	−109 000	121 000	−49 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	0	0	0
Total Current Assets	59 000	184 000	96 000
Total Assets	59 000	184 000	96 000
Total Retained Equity	−37 000	72 000	−49 000
Total Equity	−13 000	96 000	−24 000
Total Long-Term Debt	0	0	0
Total Current Debt	72 000	87 000	121 000
Total Equity and Debt	59 000	184 000	96 000

Cash flow (NOK)	2021	2020	2019
Sales Income	775 000	1 200 000	312 000
Other Income	0	0	0
Revenue	775 000	1 200 000	312 000
Cost of Goods Sold	538 000	662 000	105 000
Salary Costs	182 000	131 000	149 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	883 000	1 061 000	360 000
Operating Profit	−108 000	140 000	−49 000
Financial Income	0	0	0
Financial Costs	0	1 000	0
Financial Balance	0	−1 000	0
Dividends	0	0	0
Net Income	−109 000	121 000	−49 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	20 000	20 000	5 000
Total Investments	0	0	0
Cash, Bank	14 000	125 000	78 000
Total Current Assets	59 000	184 000	96 000
Total Assets	59 000	184 000	96 000
Total Equity	−13 000	96 000	−24 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	6 000	39 000	38 000
Unpaid Taxes	30 000	13 000	39 000
Dividends	0	0	0
Other Current Debt	36 000	16 000	43 000
Total Current Debt	72 000	87 000	121 000
Total Equity and Debt	59 000	184 000	96 000

Financial indicators	2021	2020	2019
Return on Equity	838,46 %	126,04 %	204,17 %
Debt-to-Equity Ratio	−0	0	−0
Operating Profit Margin	−13,94 %	11,67 %	−15,71 %
Current Ratio	0,82	2,11	0,79
Quick Ratio	1,13	2,75	0,83
Equity Ratio	−0,22	0,52	−0,25
Gross Profit Margin	30,58 %	44,83 %	66,35 %