FRELLUMSTAD AS

1397 NESØYA

Finances

Share Ownership

Return on Equity

810 %

Current Ratio

0,9

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 178 000	721 000	346 000	128 000
Net Income	405 000	41 000	−9 000	−17 000
Total Assets	740 000	151 000	51 000	66 000
Total Equity	50 000	45 000	4 000	13 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 178 000	721 000	346 000	128 000
Expenditure	2 660 000	676 000	355 000	145 000
Operating Profit	519 000	45 000	−9 000	−17 000
Financial Income	2 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	2 000	0	0	0
Earnings Before Tax	520 000	45 000	−9 000	−17 000
Tax	115 000	4 000	0	0
Net Income	405 000	41 000	−9 000	−17 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	121 000	0	0	0
Total Current Assets	619 000	151 000	51 000	66 000
Total Assets	740 000	151 000	51 000	66 000
Total Retained Equity	20 000	15 000	−26 000	−17 000
Total Equity	50 000	45 000	4 000	13 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	690 000	107 000	47 000	53 000
Total Equity and Debt	740 000	151 000	51 000	66 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 178 000	721 000	346 000	128 000
Other Income	0	0	0	0
Revenue	3 178 000	721 000	346 000	128 000
Cost of Goods Sold	1 337 000	190 000	53 000	42 000
Salary Costs	1 042 000	452 000	284 000	91 000
Depreciation	16 000	0	0	0
Impairment	0	0	0	0
Expenditure	2 660 000	676 000	355 000	145 000
Operating Profit	519 000	45 000	−9 000	−17 000
Financial Income	2 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	2 000	0	0	0
Dividends	400 000	0	0	0
Net Income	405 000	41 000	−9 000	−17 000

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	121 000	0	0	0
Total Tangible Assets	121 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	121 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	614 000	154 000	48 000	59 000
Total Current Assets	619 000	151 000	51 000	66 000
Total Assets	740 000	151 000	51 000	66 000
Total Equity	50 000	45 000	4 000	13 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	9 000	−23 000	0	10 000
Unpaid Taxes	59 000	81 000	3 000	18 000
Dividends	400 000	0	0	0
Other Current Debt	106 000	45 000	44 000	24 000
Total Current Debt	690 000	107 000	47 000	53 000
Total Equity and Debt	740 000	151 000	51 000	66 000

Financial indicators	2022	2021	2020	2019
Return on Equity	810 %	91,11 %	−225 %	−130,77 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	16,33 %	6,24 %	−2,6 %	−13,28 %
Current Ratio	0,9	1,41	1,09	1,25
Quick Ratio	0,9	1,41	1,09	1,25
Equity Ratio	0,07	0,3	0,08	0,2
Gross Profit Margin	57,93 %	73,65 %	84,68 %	67,19 %