FRANK SÆTHER AS

6300 ÅNDALSNES

Finances

Share Ownership

Return on Equity

20,45 %

Current Ratio

1,81

Debt-to-Equity Ratio

1,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 513 000	13 462 000	9 397 000	8 499 000
Net Income	373 000	301 000	148 000	55 000
Total Assets	6 791 000	5 335 000	4 653 000	4 628 000
Total Equity	1 824 000	1 451 000	1 150 000	1 002 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 513 000	13 462 000	9 397 000	8 499 000
Expenditure	13 848 000	12 927 000	9 049 000	8 275 000
Operating Profit	664 000	535 000	348 000	224 000
Financial Income	1 000	0	0	0
Financial Costs	185 000	147 000	155 000	153 000
Financial Balance	−184 000	−147 000	−155 000	−153 000
Earnings Before Tax	480 000	388 000	193 000	71 000
Tax	107 000	87 000	45 000	17 000
Net Income	373 000	301 000	148 000	55 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 361 000	2 244 000	2 144 000	2 584 000
Total Current Assets	4 430 000	3 091 000	2 509 000	2 045 000
Total Assets	6 791 000	5 335 000	4 653 000	4 628 000
Total Retained Equity	1 424 000	1 051 000	750 000	602 000
Total Equity	1 824 000	1 451 000	1 150 000	1 002 000
Total Long-Term Debt	2 525 000	1 961 000	1 810 000	1 746 000
Total Current Debt	2 442 000	1 923 000	1 693 000	1 880 000
Total Equity and Debt	6 791 000	5 335 000	4 653 000	4 628 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 633 000	13 551 000	8 830 000	8 429 000
Other Income	−120 000	−89 000	568 000	70 000
Revenue	14 513 000	13 462 000	9 397 000	8 499 000
Cost of Goods Sold	63 000	1 939 000	707 000	100 000
Salary Costs	4 595 000	3 896 000	3 064 000	3 230 000
Depreciation	620 000	562 000	570 000	242 000
Impairment	−200 000	0	0	0
Expenditure	13 848 000	12 927 000	9 049 000	8 275 000
Operating Profit	664 000	535 000	348 000	224 000
Financial Income	1 000	0	0	0
Financial Costs	185 000	147 000	155 000	153 000
Financial Balance	−184 000	−147 000	−155 000	−153 000
Dividends	0	0	0	0
Net Income	373 000	301 000	148 000	55 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 361 000	2 244 000	2 144 000	2 584 000
Total Tangible Assets	2 361 000	2 244 000	2 144 000	2 584 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 361 000	2 244 000	2 144 000	2 584 000
Stock	100 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	248 000	756 000	192 000	206 000
Total Current Assets	4 430 000	3 091 000	2 509 000	2 045 000
Total Assets	6 791 000	5 335 000	4 653 000	4 628 000
Total Equity	1 824 000	1 451 000	1 150 000	1 002 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 525 000	1 961 000	1 810 000	1 746 000
Creditors	990 000	716 000	582 000	303 000
Unpaid Taxes	750 000	854 000	435 000	480 000
Dividends	0	0	0	0
Other Current Debt	485 000	354 000	333 000	390 000
Total Current Debt	2 442 000	1 923 000	1 693 000	1 880 000
Total Equity and Debt	6 791 000	5 335 000	4 653 000	4 628 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,45 %	20,74 %	12,87 %	5,49 %
Debt-to-Equity Ratio	1,38	1,35	1,57	1,74
Operating Profit Margin	4,58 %	3,97 %	3,7 %	2,64 %
Current Ratio	1,81	1,61	1,48	1,09
Quick Ratio	1,89	1,61	1,48	1,09
Equity Ratio	0,27	0,27	0,25	0,22
Gross Profit Margin	99,57 %	85,6 %	92,48 %	98,82 %