BARING FARSUND AS

4550 FARSUND

Finances

Share Ownership

Return on Equity

−20,25 %

Current Ratio

0,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 454 000	0	0
Net Income	−8 019 000	−10 081 000	−62 000
Total Assets	44 548 000	30 681 000	9 806 000
Total Equity	39 603 000	−313 000	9 768 000

Income (NOK)	2022	2021	2020
Revenue	1 454 000	0	0
Expenditure	9 245 000	9 776 000	62 000
Operating Profit	−7 791 000	−9 777 000	−62 000
Financial Income	0	0	0
Financial Costs	228 000	304 000	0
Financial Balance	−228 000	−304 000	0
Earnings Before Tax	−8 019 000	−10 081 000	−62 000
Tax	0	0	0
Net Income	−8 019 000	−10 081 000	−62 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	41 762 000	26 758 000	9 781 000
Total Current Assets	2 786 000	3 923 000	24 000
Total Assets	44 548 000	30 681 000	9 806 000
Total Retained Equity	0	−10 143 000	−62 000
Total Equity	39 603 000	−313 000	9 768 000
Total Long-Term Debt	0	0	0
Total Current Debt	4 944 000	30 994 000	37 000
Total Equity and Debt	44 548 000	30 681 000	9 806 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 454 000	0	0
Other Income	0	0	0
Revenue	1 454 000	0	0
Cost of Goods Sold	0	0	0
Salary Costs	3 030 000	2 879 000	0
Depreciation	114 000	6 000	0
Impairment	0	0	0
Expenditure	9 245 000	9 776 000	62 000
Operating Profit	−7 791 000	−9 777 000	−62 000
Financial Income	0	0	0
Financial Costs	228 000	304 000	0
Financial Balance	−228 000	−304 000	0
Dividends	0	0	0
Net Income	−8 019 000	−10 081 000	−62 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	41 534 000	26 696 000	9 781 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	228 000	62 000	0
Total Tangible Assets	228 000	62 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	41 762 000	26 758 000	9 781 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 035 000	842 000	24 000
Total Current Assets	2 786 000	3 923 000	24 000
Total Assets	44 548 000	30 681 000	9 806 000
Total Equity	39 603 000	−313 000	9 768 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	474 000	4 161 000	0
Unpaid Taxes	350 000	438 000	0
Dividends	0	0	0
Other Current Debt	4 120 000	26 394 000	37 000
Total Current Debt	4 944 000	30 994 000	37 000
Total Equity and Debt	44 548 000	30 681 000	9 806 000

Financial indicators	2022	2021	2020
Return on Equity	−20,25 %	3 220,77 %	−0,63 %
Debt-to-Equity Ratio	0	−0	0
Operating Profit Margin	−535,83 %	-	-
Current Ratio	0,56	0,13	0,65
Quick Ratio	0,56	0,13	0,65
Equity Ratio	0,89	−0,01	1
Gross Profit Margin	100 %	-	-