KOLBJØRN FRØSETH AS

7074 SPONGDAL

Finances

Share Ownership

Return on Equity

−115,88 %

Current Ratio

1,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	6 774 000	9 956 000	7 126 000
Net Income	−664 000	229 000	985 000
Total Assets	3 590 000	2 973 000	795 000
Total Equity	573 000	1 237 000	1 008 000

Income (NOK)	2022	2021	2020
Revenue	6 774 000	9 956 000	7 126 000
Expenditure	7 444 000	9 662 000	5 864 000
Operating Profit	−670 000	295 000	1 261 000
Financial Income	3 000	1 000	0
Financial Costs	10 000	3 000	1 000
Financial Balance	−7 000	−2 000	−1 000
Earnings Before Tax	−677 000	293 000	1 261 000
Tax	−13 000	65 000	276 000
Net Income	−664 000	229 000	985 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	287 000	401 000	0
Total Current Assets	3 302 000	2 572 000	795 000
Total Assets	3 590 000	2 973 000	795 000
Total Retained Equity	550 000	1 214 000	985 000
Total Equity	573 000	1 237 000	1 008 000
Total Long-Term Debt	0	13 000	1 000
Total Current Debt	3 017 000	1 723 000	−214 000
Total Equity and Debt	3 590 000	2 973 000	795 000

Cash flow (NOK)	2022	2021	2020
Sales Income	6 774 000	9 956 000	7 126 000
Other Income	0	0	0
Revenue	6 774 000	9 956 000	7 126 000
Cost of Goods Sold	4 285 000	8 498 000	5 652 000
Salary Costs	562 000	563 000	0
Depreciation	114 000	60 000	0
Impairment	0	0	0
Expenditure	7 444 000	9 662 000	5 864 000
Operating Profit	−670 000	295 000	1 261 000
Financial Income	3 000	1 000	0
Financial Costs	10 000	3 000	1 000
Financial Balance	−7 000	−2 000	−1 000
Dividends	0	0	0
Net Income	−664 000	229 000	985 000

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	29 000	51 000	0
Fixtures	258 000	351 000	0
Total Tangible Assets	287 000	401 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	287 000	401 000	0
Stock	165 000	165 000	0
Total Investments	0	0	0
Cash, Bank	200 000	376 000	362 000
Total Current Assets	3 302 000	2 572 000	795 000
Total Assets	3 590 000	2 973 000	795 000
Total Equity	573 000	1 237 000	1 008 000
Short-Term Group Debt	1 913 000	0	0
Total Long-Term Debt	0	13 000	1 000
Creditors	151 000	1 384 000	−408 000
Unpaid Taxes	523 000	−99 000	−85 000
Dividends	0	0	0
Other Current Debt	429 000	386 000	4 000
Total Current Debt	3 017 000	1 723 000	−214 000
Total Equity and Debt	3 590 000	2 973 000	795 000

Financial indicators	2022	2021	2020
Return on Equity	−115,88 %	18,51 %	97,72 %
Debt-to-Equity Ratio	0	0,01	0
Operating Profit Margin	−9,89 %	2,96 %	17,7 %
Current Ratio	1,09	1,49	−3,71
Quick Ratio	1,16	1,65	−3,71
Equity Ratio	0,16	0,42	1,27
Gross Profit Margin	36,74 %	14,64 %	20,68 %