FREDENSBORG HOSPITALITY AS

0255 OSLO

Finances

Return on Equity

−178,47 %

Current Ratio

3,46

Debt-to-Equity Ratio

33,72

Key figures (NOK)	2022	2021	2020
Revenue	11 562 000	6 470 000	1 242 000
Net Income	−2 793 000	−15 722 000	205 000
Total Assets	71 326 000	50 722 000	2 381 000
Total Equity	1 565 000	3 279 000	1 001 000

Income (NOK)	2022	2021	2020
Revenue	11 562 000	6 470 000	1 242 000
Expenditure	11 453 000	9 249 000	979 000
Operating Profit	109 000	−2 779 000	263 000
Financial Income	1 518 000	681 000	1 000
Financial Costs	4 420 000	13 626 000	1 000
Financial Balance	−2 902 000	−12 945 000	0
Earnings Before Tax	−2 793 000	−15 724 000	263 000
Tax	0	−2 000	58 000
Net Income	−2 793 000	−15 722 000	205 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	12 595 000	1 981 000	80 000
Total Current Assets	58 731 000	48 740 000	2 301 000
Total Assets	71 326 000	50 722 000	2 381 000
Total Retained Equity	565 000	2 279 000	7 000
Total Equity	1 565 000	3 279 000	1 001 000
Total Long-Term Debt	52 764 000	32 386 000	760 000
Total Current Debt	16 997 000	15 057 000	620 000
Total Equity and Debt	71 326 000	50 722 000	2 381 000

Cash flow (NOK)	2022	2021	2020
Sales Income	11 562 000	6 470 000	0
Other Income	0	0	1 242 000
Revenue	11 562 000	6 470 000	1 242 000
Cost of Goods Sold	0	0	0
Salary Costs	7 277 000	6 027 000	848 000
Depreciation	239 000	139 000	1 000
Impairment	0	0	0
Expenditure	11 453 000	9 249 000	979 000
Operating Profit	109 000	−2 779 000	263 000
Financial Income	1 518 000	681 000	1 000
Financial Costs	4 420 000	13 626 000	1 000
Financial Balance	−2 902 000	−12 945 000	0
Dividends	0	0	0
Net Income	−2 793 000	−15 722 000	205 000

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	644 000	782 000	30 000
Total Tangible Assets	644 000	782 000	30 000
Total Fiancial Fixed Assets	11 951 000	1 199 000	50 000
Total Fixed Assets	12 595 000	1 981 000	80 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 395 000	1 156 000	1 046 000
Total Current Assets	58 731 000	48 740 000	2 301 000
Total Assets	71 326 000	50 722 000	2 381 000
Total Equity	1 565 000	3 279 000	1 001 000
Short-Term Group Debt	14 322 000	13 415 000	255 000
Total Long-Term Debt	52 764 000	32 386 000	760 000
Creditors	96 000	35 000	83 000
Unpaid Taxes	1 739 000	781 000	194 000
Dividends	0	0	0
Other Current Debt	841 000	826 000	88 000
Total Current Debt	16 997 000	15 057 000	620 000
Total Equity and Debt	71 326 000	50 722 000	2 381 000

Financial indicators	2022	2021	2020
Return on Equity	−178,47 %	−479,48 %	20,48 %
Debt-to-Equity Ratio	33,72	9,88	0,76
Operating Profit Margin	0,94 %	−42,95 %	21,18 %
Current Ratio	3,46	3,24	3,71
Quick Ratio	3,46	3,24	3,71
Equity Ratio	0,02	0,06	0,42
Gross Profit Margin	100 %	100 %	100 %