FRECAR AGENTUR AS

3036 DRAMMEN

Finances

Share Ownership

Return on Equity

−77,5 %

Current Ratio

2,66

Debt-to-Equity Ratio

0,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 126 000	947 000	441 000	699 000
Net Income	−403 000	−278 000	−714 000	−913 000
Total Assets	1 282 000	1 654 000	1 393 000	2 159 000
Total Equity	520 000	924 000	1 202 000	1 916 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 126 000	947 000	441 000	699 000
Expenditure	1 517 000	1 218 000	1 157 000	1 622 000
Operating Profit	−391 000	−271 000	−716 000	−924 000
Financial Income	8 000	0	4 000	13 000
Financial Costs	21 000	8 000	1 000	2 000
Financial Balance	−13 000	−8 000	3 000	11 000
Earnings Before Tax	−403 000	−278 000	−714 000	−913 000
Tax	0	0	0	0
Net Income	−403 000	−278 000	−714 000	−913 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	488 000	528 000	15 000	7 000
Total Current Assets	794 000	1 125 000	1 379 000	2 152 000
Total Assets	1 282 000	1 654 000	1 393 000	2 159 000
Total Retained Equity	−1 970 000	−1 566 000	−1 288 000	−574 000
Total Equity	520 000	924 000	1 202 000	1 916 000
Total Long-Term Debt	464 000	488 000	0	0
Total Current Debt	298 000	242 000	191 000	244 000
Total Equity and Debt	1 282 000	1 654 000	1 393 000	2 159 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	98 000	214 000	103 000	487 000
Other Income	1 028 000	733 000	338 000	212 000
Revenue	1 126 000	947 000	441 000	699 000
Cost of Goods Sold	64 000	142 000	101 000	322 000
Salary Costs	955 000	754 000	747 000	954 000
Depreciation	129 000	28 000	0	5 000
Impairment	0	0	0	0
Expenditure	1 517 000	1 218 000	1 157 000	1 622 000
Operating Profit	−391 000	−271 000	−716 000	−924 000
Financial Income	8 000	0	4 000	13 000
Financial Costs	21 000	8 000	1 000	2 000
Financial Balance	−13 000	−8 000	3 000	11 000
Dividends	0	0	0	0
Net Income	−403 000	−278 000	−714 000	−913 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	75 000	0	0	0
Total Intangible Assets	75 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	523 000	0	0
Fixtures	413 000	0	0	0
Total Tangible Assets	413 000	523 000	0	0
Total Fiancial Fixed Assets	0	5 000	15 000	7 000
Total Fixed Assets	488 000	528 000	15 000	7 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	667 000	963 000	1 265 000	2 050 000
Total Current Assets	794 000	1 125 000	1 379 000	2 152 000
Total Assets	1 282 000	1 654 000	1 393 000	2 159 000
Total Equity	520 000	924 000	1 202 000	1 916 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	464 000	488 000	0	0
Creditors	109 000	59 000	47 000	72 000
Unpaid Taxes	87 000	88 000	45 000	46 000
Dividends	0	0	0	0
Other Current Debt	102 000	95 000	99 000	126 000
Total Current Debt	298 000	242 000	191 000	244 000
Total Equity and Debt	1 282 000	1 654 000	1 393 000	2 159 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−77,5 %	−30,09 %	−59,4 %	−47,65 %
Debt-to-Equity Ratio	0,89	0,53	0	0
Operating Profit Margin	−34,72 %	−28,62 %	−162,36 %	−132,19 %
Current Ratio	2,66	4,65	7,22	8,82
Quick Ratio	2,66	4,65	7,22	8,82
Equity Ratio	0,41	0,56	0,86	0,89
Gross Profit Margin	94,32 %	85,01 %	77,1 %	53,93 %