FREEAX AS

0139 OSLO

Finances

Return on Equity

292,29 %

Current Ratio

1,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 000	16 000	205 000	131 000
Net Income	3 034 000	790 000	3 073 000	1 260 000
Total Assets	4 962 000	5 502 000	8 349 000	6 535 000
Total Equity	1 038 000	1 004 000	2 414 000	1 341 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 000	16 000	205 000	131 000
Expenditure	334 000	1 495 000	1 594 000	1 742 000
Operating Profit	−313 000	−1 478 000	−1 389 000	−1 611 000
Financial Income	3 395 000	2 662 000	5 361 000	3 268 000
Financial Costs	5 000	2 000	6 000	17 000
Financial Balance	3 390 000	2 660 000	5 355 000	3 251 000
Earnings Before Tax	3 077 000	1 181 000	3 965 000	1 640 000
Tax	43 000	391 000	892 000	380 000
Net Income	3 034 000	790 000	3 073 000	1 260 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	683 000	1 058 000	1 934 000	2 412 000
Total Current Assets	4 279 000	4 445 000	6 416 000	4 124 000
Total Assets	4 962 000	5 502 000	8 349 000	6 535 000
Total Retained Equity	38 000	4 000	1 414 000	341 000
Total Equity	1 038 000	1 004 000	2 414 000	1 341 000
Total Long-Term Debt	0	0	115 000	251 000
Total Current Debt	3 924 000	4 498 000	5 821 000	4 943 000
Total Equity and Debt	4 962 000	5 502 000	8 349 000	6 535 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	20 000	16 000	205 000	131 000
Revenue	20 000	16 000	205 000	131 000
Cost of Goods Sold	0	0	0	0
Salary Costs	170 000	1 034 000	985 000	1 019 000
Depreciation	54 000	321 000	395 000	520 000
Impairment	0	0	0	0
Expenditure	334 000	1 495 000	1 594 000	1 742 000
Operating Profit	−313 000	−1 478 000	−1 389 000	−1 611 000
Financial Income	3 395 000	2 662 000	5 361 000	3 268 000
Financial Costs	5 000	2 000	6 000	17 000
Financial Balance	3 390 000	2 660 000	5 355 000	3 251 000
Dividends	3 000 000	2 200 000	2 000 000	0
Net Income	3 034 000	790 000	3 073 000	1 260 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	59 000	55 000	15 000	8 000
Real Eastate	69 000	97 000	124 000	152 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	425 000	718 000	1 085 000
Total Tangible Assets	69 000	522 000	843 000	1 237 000
Total Fiancial Fixed Assets	556 000	481 000	1 076 000	1 167 000
Total Fixed Assets	683 000	1 058 000	1 934 000	2 412 000
Stock	0	0	0	0
Total Investments	0	574 000	570 000	563 000
Cash, Bank	119 000	486 000	398 000	229 000
Total Current Assets	4 279 000	4 445 000	6 416 000	4 124 000
Total Assets	4 962 000	5 502 000	8 349 000	6 535 000
Total Equity	1 038 000	1 004 000	2 414 000	1 341 000
Short-Term Group Debt	383 000	1 638 000	2 578 000	4 132 000
Total Long-Term Debt	0	0	115 000	251 000
Creditors	1 000	2 000	8 000	32 000
Unpaid Taxes	1 000	76 000	78 000	78 000
Dividends	3 000 000	2 200 000	2 000 000	0
Other Current Debt	493 000	150 000	257 000	289 000
Total Current Debt	3 924 000	4 498 000	5 821 000	4 943 000
Total Equity and Debt	4 962 000	5 502 000	8 349 000	6 535 000

Financial indicators	2022	2021	2020	2019
Return on Equity	292,29 %	78,69 %	127,3 %	93,96 %
Debt-to-Equity Ratio	0	0	0,05	0,19
Operating Profit Margin	−1 565 %	−9 237,5 %	−677,56 %	−1 229,77 %
Current Ratio	1,09	0,99	1,1	0,83
Quick Ratio	1,09	0,99	1,1	0,83
Equity Ratio	0,21	0,18	0,29	0,21
Gross Profit Margin	100 %	100 %	100 %	100 %