FRONIUS NORGE AS

3300 HOKKSUND

Finances

Share Ownership

Return on Equity

26,89 %

Current Ratio

1,09

Debt-to-Equity Ratio

−1,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	28 793 000	20 678 000	27 806 000	32 409 000
Net Income	−1 964 000	−3 892 000	−2 090 000	−809 000
Total Assets	17 089 000	15 360 000	17 481 000	18 515 000
Total Equity	−7 303 000	−5 339 000	−1 446 000	644 000

Income (NOK)	2022	2021	2020	2019
Revenue	28 793 000	20 678 000	27 806 000	32 409 000
Expenditure	30 568 000	24 317 000	29 640 000	32 909 000
Operating Profit	−1 774 000	−3 639 000	−1 834 000	−500 000
Financial Income	4 000	2 000	2 000	3 000
Financial Costs	194 000	255 000	258 000	312 000
Financial Balance	−190 000	−253 000	−256 000	−309 000
Earnings Before Tax	−1 964 000	−3 892 000	−2 090 000	−809 000
Tax	0	0	0	0
Net Income	−1 964 000	−3 892 000	−2 090 000	−809 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 590 000	6 351 000	6 910 000	7 149 000
Total Current Assets	11 500 000	9 009 000	10 571 000	11 366 000
Total Assets	17 089 000	15 360 000	17 481 000	18 515 000
Total Retained Equity	−36 253 000	−34 289 000	−30 396 000	−28 306 000
Total Equity	−7 303 000	−5 339 000	−1 446 000	644 000
Total Long-Term Debt	13 810 000	13 690 000	13 450 000	13 210 000
Total Current Debt	10 582 000	7 008 000	5 477 000	4 662 000
Total Equity and Debt	17 089 000	15 360 000	17 481 000	18 515 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 570 000	20 678 000	27 588 000	32 330 000
Other Income	223 000	0	218 000	79 000
Revenue	28 793 000	20 678 000	27 806 000	32 409 000
Cost of Goods Sold	17 437 000	12 955 000	19 220 000	22 047 000
Salary Costs	8 031 000	6 869 000	6 012 000	5 986 000
Depreciation	873 000	880 000	818 000	861 000
Impairment	0	0	0	0
Expenditure	30 568 000	24 317 000	29 640 000	32 909 000
Operating Profit	−1 774 000	−3 639 000	−1 834 000	−500 000
Financial Income	4 000	2 000	2 000	3 000
Financial Costs	194 000	255 000	258 000	312 000
Financial Balance	−190 000	−253 000	−256 000	−309 000
Dividends	0	0	0	0
Net Income	−1 964 000	−3 892 000	−2 090 000	−809 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 213 000	5 878 000	6 574 000	6 860 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	376 000	473 000	336 000	289 000
Total Tangible Assets	5 590 000	6 351 000	6 910 000	7 149 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 590 000	6 351 000	6 910 000	7 149 000
Stock	5 534 000	3 667 000	3 270 000	3 496 000
Total Investments	0	0	0	0
Cash, Bank	2 983 000	2 323 000	2 633 000	1 909 000
Total Current Assets	11 500 000	9 009 000	10 571 000	11 366 000
Total Assets	17 089 000	15 360 000	17 481 000	18 515 000
Total Equity	−7 303 000	−5 339 000	−1 446 000	644 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	13 810 000	13 690 000	13 450 000	13 210 000
Creditors	7 754 000	4 702 000	2 879 000	2 315 000
Unpaid Taxes	1 559 000	1 335 000	1 633 000	1 473 000
Dividends	0	0	0	0
Other Current Debt	1 269 000	971 000	965 000	873 000
Total Current Debt	10 582 000	7 008 000	5 477 000	4 662 000
Total Equity and Debt	17 089 000	15 360 000	17 481 000	18 515 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,89 %	72,9 %	144,54 %	−125,62 %
Debt-to-Equity Ratio	−1,89	−2,56	−9,3	20,51
Operating Profit Margin	−6,16 %	−17,6 %	−6,6 %	−1,54 %
Current Ratio	1,09	1,29	1,93	2,44
Quick Ratio	2,28	2,7	4,79	9,75
Equity Ratio	−0,43	−0,35	−0,08	0,03
Gross Profit Margin	39,44 %	37,35 %	30,88 %	31,97 %