FROVÅG HAVFISKE AS

9392 STONGLANDSEIDET

Finances

Return on Equity

38,92 %

Current Ratio

0,78

Debt-to-Equity Ratio

0,9

Key figures (NOK)	2022	2021	2020
Revenue	2 288 000	1 702 000	719 000
Net Income	3 033 000	255 000	5 000
Total Assets	20 709 000	16 735 000	11 530 000
Total Equity	7 793 000	4 760 000	4 505 000

Income (NOK)	2022	2021	2020
Revenue	2 288 000	1 702 000	719 000
Expenditure	1 589 000	1 280 000	1 064 000
Operating Profit	699 000	422 000	−346 000
Financial Income	2 500 000	4 000	438 000
Financial Costs	297 000	99 000	86 000
Financial Balance	2 203 000	−95 000	352 000
Earnings Before Tax	2 902 000	327 000	6 000
Tax	−132 000	72 000	1 000
Net Income	3 033 000	255 000	5 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	16 141 000	14 755 000	10 843 000
Total Current Assets	4 569 000	1 980 000	687 000
Total Assets	20 709 000	16 735 000	11 530 000
Total Retained Equity	3 293 000	260 000	5 000
Total Equity	7 793 000	4 760 000	4 505 000
Total Long-Term Debt	7 039 000	2 977 000	3 133 000
Total Current Debt	5 877 000	8 998 000	3 892 000
Total Equity and Debt	20 709 000	16 735 000	11 530 000

Cash flow (NOK)	2022	2021	2020
Sales Income	279 000	459 000	21 000
Other Income	2 009 000	1 244 000	698 000
Revenue	2 288 000	1 702 000	719 000
Cost of Goods Sold	0	16 000	9 000
Salary Costs	0	0	0
Depreciation	686 000	539 000	536 000
Impairment	0	0	0
Expenditure	1 589 000	1 280 000	1 064 000
Operating Profit	699 000	422 000	−346 000
Financial Income	2 500 000	4 000	438 000
Financial Costs	297 000	99 000	86 000
Financial Balance	2 203 000	−95 000	352 000
Dividends	0	0	0
Net Income	3 033 000	255 000	5 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	9 176 000	7 766 000	3 871 000
Machinery and Plant Facilities	0	0	0
Fixtures	213 000	117 000	141 000
Total Tangible Assets	11 436 000	10 198 000	6 513 000
Total Fiancial Fixed Assets	4 704 000	4 556 000	4 330 000
Total Fixed Assets	16 141 000	14 755 000	10 843 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 592 000	1 188 000	224 000
Total Current Assets	4 569 000	1 980 000	687 000
Total Assets	20 709 000	16 735 000	11 530 000
Total Equity	7 793 000	4 760 000	4 505 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	7 039 000	2 977 000	3 133 000
Creditors	29 000	170 000	27 000
Unpaid Taxes	49 000	0	0
Dividends	0	0	0
Other Current Debt	5 769 000	5 057 000	3 865 000
Total Current Debt	5 877 000	8 998 000	3 892 000
Total Equity and Debt	20 709 000	16 735 000	11 530 000

Financial indicators	2022	2021	2020
Return on Equity	38,92 %	5,36 %	0,11 %
Debt-to-Equity Ratio	0,9	0,63	0,7
Operating Profit Margin	30,55 %	24,79 %	−48,12 %
Current Ratio	0,78	0,22	0,18
Quick Ratio	0,78	0,22	0,18
Equity Ratio	0,38	0,28	0,39
Gross Profit Margin	100 %	99,06 %	98,75 %