FRØSETH ELEKTRISKE AS

7070 BOSBERG

Finances

Share Ownership

Return on Equity

−2,73 %

Current Ratio

9,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	270 000	356 000	399 000	596 000
Net Income	−31 000	93 000	80 000	213 000
Total Assets	1 263 000	1 451 000	1 561 000	1 476 000
Total Equity	1 135 000	1 266 000	1 273 000	1 293 000

Income (NOK)	2022	2021	2020	2019
Revenue	270 000	356 000	399 000	596 000
Expenditure	298 000	242 000	307 000	339 000
Operating Profit	−28 000	115 000	92 000	258 000
Financial Income	6 000	4 000	10 000	16 000
Financial Costs	0	0	0	0
Financial Balance	6 000	4 000	10 000	16 000
Earnings Before Tax	−22 000	119 000	102 000	273 000
Tax	9 000	26 000	22 000	60 000
Net Income	−31 000	93 000	80 000	213 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	9 000	12 000	16 000
Total Current Assets	1 263 000	1 442 000	1 548 000	1 459 000
Total Assets	1 263 000	1 451 000	1 561 000	1 476 000
Total Retained Equity	1 035 000	1 166 000	1 173 000	1 193 000
Total Equity	1 135 000	1 266 000	1 273 000	1 293 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	128 000	185 000	287 000	182 000
Total Equity and Debt	1 263 000	1 451 000	1 561 000	1 476 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	270 000	356 000	399 000	596 000
Other Income	0	0	0	0
Revenue	270 000	356 000	399 000	596 000
Cost of Goods Sold	168 000	130 000	201 000	235 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	298 000	242 000	307 000	339 000
Operating Profit	−28 000	115 000	92 000	258 000
Financial Income	6 000	4 000	10 000	16 000
Financial Costs	0	0	0	0
Financial Balance	6 000	4 000	10 000	16 000
Dividends	100 000	100 000	100 000	100 000
Net Income	−31 000	93 000	80 000	213 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	9 000	12 000	16 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	9 000	12 000	16 000
Stock	4 000	4 000	6 000	9 000
Total Investments	0	0	0	0
Cash, Bank	1 258 000	1 438 000	1 542 000	1 387 000
Total Current Assets	1 263 000	1 442 000	1 548 000	1 459 000
Total Assets	1 263 000	1 451 000	1 561 000	1 476 000
Total Equity	1 135 000	1 266 000	1 273 000	1 293 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	20 000	21 000	7 000	5 000
Unpaid Taxes	0	35 000	33 000	18 000
Dividends	100 000	100 000	100 000	100 000
Other Current Debt	8 000	6 000	129 000	4 000
Total Current Debt	128 000	185 000	287 000	182 000
Total Equity and Debt	1 263 000	1 451 000	1 561 000	1 476 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,73 %	7,35 %	6,28 %	16,47 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−10,37 %	32,3 %	23,06 %	43,29 %
Current Ratio	9,87	7,79	5,39	8,02
Quick Ratio	10,19	7,97	5,51	8,43
Equity Ratio	0,9	0,87	0,82	0,88
Gross Profit Margin	37,78 %	63,48 %	49,62 %	60,57 %