FARNES I BORETTSLAG

6884 ØVRE ÅRDAL

Finances

Share Ownership

Return on Equity

−15,93 %

Current Ratio

1,88

Debt-to-Equity Ratio

−3,76

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 585 000	1 489 000	1 479 000	1 454 000
Net Income	237 000	3 000	189 000	409 000
Total Assets	4 362 000	4 327 000	4 533 000	4 349 000
Total Equity	−1 488 000	−1 725 000	−1 728 000	−1 918 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 585 000	1 489 000	1 479 000	1 454 000
Expenditure	1 198 000	1 323 000	1 112 000	863 000
Operating Profit	387 000	167 000	368 000	591 000
Financial Income	5 000	2 000	4 000	6 000
Financial Costs	156 000	165 000	182 000	188 000
Financial Balance	−151 000	−163 000	−178 000	−182 000
Earnings Before Tax	237 000	3 000	189 000	409 000
Tax	0	0	0	0
Net Income	237 000	3 000	189 000	409 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 877 000	3 877 000	3 877 000	3 877 000
Total Current Assets	484 000	450 000	656 000	472 000
Total Assets	4 362 000	4 327 000	4 533 000	4 349 000
Total Retained Equity	−1 491 000	−1 728 000	−1 731 000	−1 921 000
Total Equity	−1 488 000	−1 725 000	−1 728 000	−1 918 000
Total Long-Term Debt	5 591 000	5 804 000	6 037 000	6 243 000
Total Current Debt	258 000	247 000	224 000	24 000
Total Equity and Debt	4 362 000	4 327 000	4 533 000	4 349 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 585 000	1 489 000	1 479 000	1 454 000
Revenue	1 585 000	1 489 000	1 479 000	1 454 000
Cost of Goods Sold	0	0	0	0
Salary Costs	17 000	17 000	17 000	17 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 198 000	1 323 000	1 112 000	863 000
Operating Profit	387 000	167 000	368 000	591 000
Financial Income	5 000	2 000	4 000	6 000
Financial Costs	156 000	165 000	182 000	188 000
Financial Balance	−151 000	−163 000	−178 000	−182 000
Dividends	0	0	0	0
Net Income	237 000	3 000	189 000	409 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 877 000	3 877 000	3 877 000	3 877 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	3 877 000	3 877 000	3 877 000	3 877 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 877 000	3 877 000	3 877 000	3 877 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	229 000	240 000	447 000	447 000
Total Current Assets	484 000	450 000	656 000	472 000
Total Assets	4 362 000	4 327 000	4 533 000	4 349 000
Total Equity	−1 488 000	−1 725 000	−1 728 000	−1 918 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 591 000	5 804 000	6 037 000	6 243 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	258 000	247 000	224 000	24 000
Total Current Debt	258 000	247 000	224 000	24 000
Total Equity and Debt	4 362 000	4 327 000	4 533 000	4 349 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,93 %	−0,17 %	−10,94 %	−21,32 %
Debt-to-Equity Ratio	−3,76	−3,36	−3,49	−3,25
Operating Profit Margin	24,42 %	11,22 %	24,88 %	40,65 %
Current Ratio	1,88	1,82	2,93	19,67
Quick Ratio	1,88	1,82	2,93	19,67
Equity Ratio	−0,34	−0,4	−0,38	−0,44
Gross Profit Margin	100 %	100 %	100 %	100 %