FEARNLEY SECURITIES AS

0191 OSLO

Finances

Return on Equity

8,13 %

Current Ratio

1,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	370 553 000	455 259 000	277 482 000	131 405 000
Net Income	14 148 000	56 294 000	10 802 000	−61 141 000
Total Assets	861 273 000	1 034 380 000	760 580 000	267 361 000
Total Equity	174 072 000	177 123 000	165 000 000	120 389 000

Income (NOK)	2022	2021	2020	2019
Revenue	370 553 000	455 259 000	277 482 000	131 405 000
Expenditure	346 792 000	377 597 000	261 540 000	205 636 000
Operating Profit	23 761 000	77 662 000	15 942 000	−74 231 000
Financial Income	10 158 000	1 675 000	1 378 000	2 878 000
Financial Costs	5 651 000	3 350 000	−1 777 000	2 570 000
Financial Balance	4 507 000	−1 675 000	3 155 000	308 000
Earnings Before Tax	28 268 000	75 987 000	19 097 000	−73 923 000
Tax	14 120 000	19 693 000	8 295 000	−12 782 000
Net Income	14 148 000	56 294 000	10 802 000	−61 141 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 559 000	32 636 000	34 909 000	12 328 000
Total Current Assets	833 714 000	1 001 744 000	725 671 000	255 034 000
Total Assets	861 273 000	1 034 380 000	760 580 000	267 361 000
Total Retained Equity	0	0	0	−19 811 000
Total Equity	174 072 000	177 123 000	165 000 000	120 389 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	687 201 000	857 255 000	595 580 000	146 973 000
Total Equity and Debt	861 273 000	1 034 378 000	760 580 000	267 361 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	330 906 000	391 125 000	240 085 000	110 686 000
Other Income	39 647 000	64 134 000	37 397 000	20 719 000
Revenue	370 553 000	455 259 000	277 482 000	131 405 000
Cost of Goods Sold	0	0	0	0
Salary Costs	215 830 000	278 601 000	170 717 000	116 245 000
Depreciation	437 000	1 888 000	2 589 000	2 258 000
Impairment	0	0	0	0
Expenditure	346 792 000	377 597 000	261 540 000	205 636 000
Operating Profit	23 761 000	77 662 000	15 942 000	−74 231 000
Financial Income	10 158 000	1 675 000	1 378 000	2 878 000
Financial Costs	5 651 000	3 350 000	−1 777 000	2 570 000
Financial Balance	4 507 000	−1 675 000	3 155 000	308 000
Dividends	0	0	0	0
Net Income	14 148 000	56 294 000	10 802 000	−61 141 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 622 000	1 704 000	1 040 000	859 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 578 000	1 417 000	2 363 000	4 187 000
Total Tangible Assets	2 578 000	1 417 000	2 363 000	4 187 000
Total Fiancial Fixed Assets	22 359 000	29 515 000	31 506 000	7 282 000
Total Fixed Assets	27 559 000	32 636 000	34 909 000	12 328 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	231 493 000	393 715 000	409 011 000	104 347 000
Total Current Assets	833 714 000	1 001 744 000	725 671 000	255 034 000
Total Assets	861 273 000	1 034 380 000	760 580 000	267 361 000
Total Equity	174 072 000	177 123 000	165 000 000	120 389 000
Short-Term Group Debt	45 422 000	86 317 000	46 714 000	15 353 000
Total Long-Term Debt	0	0	0	0
Creditors	14 031 000	8 782 000	5 963 000	89 557 000
Unpaid Taxes	26 799 000	13 107 000	10 916 000	11 355 000
Dividends	0	0	0	0
Other Current Debt	69 228 000	163 781 000	73 303 000	30 668 000
Total Current Debt	687 201 000	857 255 000	595 580 000	146 973 000
Total Equity and Debt	861 273 000	1 034 378 000	760 580 000	267 361 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,13 %	31,78 %	6,55 %	−50,79 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,41 %	17,06 %	5,75 %	−56,49 %
Current Ratio	1,21	1,17	1,22	1,74
Quick Ratio	1,21	1,17	1,22	1,74
Equity Ratio	0,2	0,17	0,22	0,45
Gross Profit Margin	100 %	100 %	100 %	100 %