FORTO AS

7023 TRONDHEIM

Finances

Share Ownership

Return on Equity

28,51 %

Current Ratio

3,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	923 000	821 000	587 000
Net Income	140 000	184 000	142 000
Total Assets	636 000	456 000	243 000
Total Equity	491 000	351 000	167 000

Income (NOK)	2022	2021	2020
Revenue	923 000	821 000	587 000
Expenditure	729 000	584 000	405 000
Operating Profit	194 000	236 000	182 000
Financial Income	0	0	0
Financial Costs	12 000	0	0
Financial Balance	−12 000	0	0
Earnings Before Tax	182 000	236 000	182 000
Tax	41 000	52 000	40 000
Net Income	140 000	184 000	142 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	139 000	145 000	150 000
Total Current Assets	496 000	311 000	92 000
Total Assets	636 000	456 000	243 000
Total Retained Equity	467 000	326 000	142 000
Total Equity	491 000	351 000	167 000
Total Long-Term Debt	1 000	2 000	1 000
Total Current Debt	144 000	104 000	75 000
Total Equity and Debt	636 000	456 000	243 000

Cash flow (NOK)	2022	2021	2020
Sales Income	923 000	821 000	587 000
Other Income	0	0	0
Revenue	923 000	821 000	587 000
Cost of Goods Sold	129 000	58 000	0
Salary Costs	556 000	473 000	340 000
Depreciation	5 000	5 000	1 000
Impairment	0	0	0
Expenditure	729 000	584 000	405 000
Operating Profit	194 000	236 000	182 000
Financial Income	0	0	0
Financial Costs	12 000	0	0
Financial Balance	−12 000	0	0
Dividends	0	0	0
Net Income	140 000	184 000	142 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	4 000	10 000	15 000
Total Tangible Assets	4 000	10 000	15 000
Total Fiancial Fixed Assets	135 000	135 000	135 000
Total Fixed Assets	139 000	145 000	150 000
Stock	0	0	0
Total Investments	229 000	115 000	0
Cash, Bank	237 000	180 000	90 000
Total Current Assets	496 000	311 000	92 000
Total Assets	636 000	456 000	243 000
Total Equity	491 000	351 000	167 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 000	2 000	1 000
Creditors	−8 000	3 000	0
Unpaid Taxes	13 000	6 000	5 000
Dividends	0	0	0
Other Current Debt	96 000	44 000	31 000
Total Current Debt	144 000	104 000	75 000
Total Equity and Debt	636 000	456 000	243 000

Financial indicators	2022	2021	2020
Return on Equity	28,51 %	52,42 %	85,03 %
Debt-to-Equity Ratio	0	0,01	0,01
Operating Profit Margin	21,02 %	28,75 %	31,01 %
Current Ratio	3,44	2,99	1,23
Quick Ratio	3,44	2,99	1,23
Equity Ratio	0,77	0,77	0,69
Gross Profit Margin	86,02 %	92,94 %	100 %