FRØYANES AS

6750 STADLANDET

Finances

Share Ownership

Return on Equity

−6,45 %

Current Ratio

1,29

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020
Revenue	56 000	4 652 000	2 469 000
Net Income	−1 798 000	−8 604 000	−6 877 000
Total Assets	119 537 000	31 798 000	85 907 000
Total Equity	27 892 000	4 093 000	−6 847 000

Income (NOK)	2022	2021	2020
Revenue	56 000	4 652 000	2 469 000
Expenditure	872 000	15 409 000	10 738 000
Operating Profit	−816 000	−10 756 000	−8 270 000
Financial Income	0	78 000	2 000
Financial Costs	1 489 000	357 000	547 000
Financial Balance	−1 489 000	−279 000	−545 000
Earnings Before Tax	−2 304 000	−11 036 000	−8 815 000
Tax	−506 000	−2 431 000	−1 938 000
Net Income	−1 798 000	−8 604 000	−6 877 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 741 000	4 243 000	81 400 000
Total Current Assets	116 796 000	27 555 000	4 507 000
Total Assets	119 537 000	31 798 000	85 907 000
Total Retained Equity	0	0	−6 877 000
Total Equity	27 892 000	4 093 000	−6 847 000
Total Long-Term Debt	805 000	1 143 000	90 029 000
Total Current Debt	90 840 000	26 562 000	2 724 000
Total Equity and Debt	119 537 000	31 798 000	85 907 000

Cash flow (NOK)	2022	2021	2020
Sales Income	56 000	4 652 000	2 585 000
Other Income	0	0	−117 000
Revenue	56 000	4 652 000	2 469 000
Cost of Goods Sold	0	576 000	376 000
Salary Costs	0	3 686 000	2 160 000
Depreciation	3 000	1 349 000	1 038 000
Impairment	0	0	0
Expenditure	872 000	15 409 000	10 738 000
Operating Profit	−816 000	−10 756 000	−8 270 000
Financial Income	0	78 000	2 000
Financial Costs	1 489 000	357 000	547 000
Financial Balance	−1 489 000	−279 000	−545 000
Dividends	0	0	0
Net Income	−1 798 000	−8 604 000	−6 877 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	3 188 000
Real Eastate	2 641 000	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	100 000	0	0
Total Tangible Assets	2 741 000	4 243 000	78 212 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	2 741 000	4 243 000	81 400 000
Stock	0	0	343 000
Total Investments	0	0	0
Cash, Bank	295 000	1 394 000	3 052 000
Total Current Assets	116 796 000	27 555 000	4 507 000
Total Assets	119 537 000	31 798 000	85 907 000
Total Equity	27 892 000	4 093 000	−6 847 000
Short-Term Group Debt	86 500 000	26 500 000	0
Total Long-Term Debt	805 000	1 143 000	90 029 000
Creditors	4 340 000	62 000	694 000
Unpaid Taxes	0	0	129 000
Dividends	0	0	0
Other Current Debt	0	0	1 901 000
Total Current Debt	90 840 000	26 562 000	2 724 000
Total Equity and Debt	119 537 000	31 798 000	85 907 000

Financial indicators	2022	2021	2020
Return on Equity	−6,45 %	−210,21 %	100,44 %
Debt-to-Equity Ratio	0,03	0,28	−13,15
Operating Profit Margin	−1 457,14 %	−231,21 %	−334,95 %
Current Ratio	1,29	1,04	1,65
Quick Ratio	1,29	1,04	1,89
Equity Ratio	0,23	0,13	−0,08
Gross Profit Margin	100 %	87,62 %	84,77 %