FORNES EIENDOM AS

7870 GRONG

Finances

Share Ownership

Return on Equity

39,17 %

Current Ratio

1,38

Debt-to-Equity Ratio

0,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	180 000	180 000	120 000	120 000
Net Income	132 000	133 000	84 000	78 000
Total Assets	592 000	459 000	463 000	379 000
Total Equity	337 000	384 000	252 000	318 000

Income (NOK)	2022	2021	2020	2019
Revenue	180 000	180 000	120 000	120 000
Expenditure	9 000	9 000	11 000	19 000
Operating Profit	171 000	172 000	110 000	102 000
Financial Income	0	0	0	0
Financial Costs	2 000	2 000	2 000	2 000
Financial Balance	−2 000	−2 000	−2 000	−2 000
Earnings Before Tax	170 000	170 000	108 000	100 000
Tax	37 000	37 000	24 000	22 000
Net Income	132 000	133 000	84 000	78 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	299 000	304 000	309 000	316 000
Total Current Assets	293 000	155 000	154 000	62 000
Total Assets	592 000	459 000	463 000	379 000
Total Retained Equity	237 000	284 000	152 000	218 000
Total Equity	337 000	384 000	252 000	318 000
Total Long-Term Debt	43 000	43 000	0	0
Total Current Debt	213 000	32 000	212 000	61 000
Total Equity and Debt	592 000	459 000	463 000	379 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	180 000	180 000	120 000	120 000
Revenue	180 000	180 000	120 000	120 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	2 000	10 000
Impairment	0	0	0	0
Expenditure	9 000	9 000	11 000	19 000
Operating Profit	171 000	172 000	110 000	102 000
Financial Income	0	0	0	0
Financial Costs	2 000	2 000	2 000	2 000
Financial Balance	−2 000	−2 000	−2 000	−2 000
Dividends	180 000	0	150 000	0
Net Income	132 000	133 000	84 000	78 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	77 000	82 000	87 000	92 000
Real Eastate	222 000	222 000	222 000	224 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	222 000	222 000	222 000	224 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	299 000	304 000	309 000	316 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	293 000	155 000	154 000	62 000
Total Current Assets	293 000	155 000	154 000	62 000
Total Assets	592 000	459 000	463 000	379 000
Total Equity	337 000	384 000	252 000	318 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	43 000	43 000	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	180 000	0	150 000	0
Other Current Debt	0	0	43 000	43 000
Total Current Debt	213 000	32 000	212 000	61 000
Total Equity and Debt	592 000	459 000	463 000	379 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,17 %	34,64 %	33,33 %	24,53 %
Debt-to-Equity Ratio	0,13	0,11	0	0
Operating Profit Margin	95 %	95,56 %	91,67 %	85 %
Current Ratio	1,38	4,84	0,73	1,02
Quick Ratio	1,38	4,84	0,73	1,02
Equity Ratio	0,57	0,84	0,54	0,84
Gross Profit Margin	100 %	100 %	100 %	100 %