FARSTAD FOTO AS

6012 ÅLESUND

Finances

Share Ownership

Return on Equity

18,65 %

Current Ratio

2,61

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020
Revenue	562 000	564 000	482 000
Net Income	36 000	29 000	98 000
Total Assets	296 000	309 000	353 000
Total Equity	193 000	157 000	128 000

Income (NOK)	2022	2021	2020
Revenue	562 000	564 000	482 000
Expenditure	517 000	525 000	356 000
Operating Profit	46 000	40 000	126 000
Financial Income	0	0	0
Financial Costs	0	2 000	0
Financial Balance	0	−2 000	0
Earnings Before Tax	46 000	38 000	126 000
Tax	10 000	9 000	28 000
Net Income	36 000	29 000	98 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	34 000	43 000	36 000
Total Current Assets	261 000	266 000	317 000
Total Assets	296 000	309 000	353 000
Total Retained Equity	163 000	127 000	98 000
Total Equity	193 000	157 000	128 000
Total Long-Term Debt	3 000	2 000	1 000
Total Current Debt	100 000	149 000	224 000
Total Equity and Debt	296 000	309 000	353 000

Cash flow (NOK)	2022	2021	2020
Sales Income	562 000	564 000	482 000
Other Income	0	0	0
Revenue	562 000	564 000	482 000
Cost of Goods Sold	0	23 000	5 000
Salary Costs	344 000	298 000	184 000
Depreciation	9 000	8 000	9 000
Impairment	0	0	0
Expenditure	517 000	525 000	356 000
Operating Profit	46 000	40 000	126 000
Financial Income	0	0	0
Financial Costs	0	2 000	0
Financial Balance	0	−2 000	0
Dividends	0	0	0
Net Income	36 000	29 000	98 000

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	34 000	43 000	36 000
Total Tangible Assets	34 000	43 000	36 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	34 000	43 000	36 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	205 000	200 000	305 000
Total Current Assets	261 000	266 000	317 000
Total Assets	296 000	309 000	353 000
Total Equity	193 000	157 000	128 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	3 000	2 000	1 000
Creditors	7 000	5 000	0
Unpaid Taxes	73 000	70 000	113 000
Dividends	0	0	0
Other Current Debt	10 000	67 000	85 000
Total Current Debt	100 000	149 000	224 000
Total Equity and Debt	296 000	309 000	353 000

Financial indicators	2022	2021	2020
Return on Equity	18,65 %	18,47 %	76,56 %
Debt-to-Equity Ratio	0,02	0,01	0,01
Operating Profit Margin	8,19 %	7,09 %	26,14 %
Current Ratio	2,61	1,79	1,42
Quick Ratio	2,61	1,79	1,42
Equity Ratio	0,65	0,51	0,36
Gross Profit Margin	100 %	95,92 %	98,96 %