FREMAD AS

2003 LILLESTRØM

Finances

Return on Equity

−103,98 %

Current Ratio

0,74

Debt-to-Equity Ratio

−0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	30 000	0	59 000	529 000
Net Income	209 000	249 000	10 000	437 000
Total Assets	4 865 000	6 057 000	5 812 000	2 193 000
Total Equity	−201 000	−410 000	−659 000	−668 000

Income (NOK)	2022	2021	2020	2019
Revenue	30 000	0	59 000	529 000
Expenditure	9 000	9 000	9 000	14 000
Operating Profit	21 000	−9 000	49 000	515 000
Financial Income	246 000	327 000	0	0
Financial Costs	0	0	39 000	52 000
Financial Balance	246 000	327 000	−39 000	−52 000
Earnings Before Tax	267 000	319 000	11 000	463 000
Tax	58 000	70 000	1 000	26 000
Net Income	209 000	249 000	10 000	437 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 110 000	1 110 000	100 000	2 110 000
Total Current Assets	3 755 000	4 947 000	5 712 000	83 000
Total Assets	4 865 000	6 057 000	5 812 000	2 193 000
Total Retained Equity	−301 000	−510 000	−759 000	−768 000
Total Equity	−201 000	−410 000	−659 000	−668 000
Total Long-Term Debt	7 000	9 000	12 000	2 794 000
Total Current Debt	5 059 000	6 458 000	6 459 000	67 000
Total Equity and Debt	4 865 000	6 057 000	5 812 000	2 193 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	30 000	0	59 000	529 000
Revenue	30 000	0	59 000	529 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	9 000	9 000	9 000	14 000
Operating Profit	21 000	−9 000	49 000	515 000
Financial Income	246 000	327 000	0	0
Financial Costs	0	0	39 000	52 000
Financial Balance	246 000	327 000	−39 000	−52 000
Dividends	0	0	0	0
Net Income	209 000	249 000	10 000	437 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 110 000	1 110 000	100 000	2 110 000
Total Fixed Assets	1 110 000	1 110 000	100 000	2 110 000
Stock	0	0	0	0
Total Investments	24 000	24 000	24 000	18 000
Cash, Bank	411 000	300 000	78 000	65 000
Total Current Assets	3 755 000	4 947 000	5 712 000	83 000
Total Assets	4 865 000	6 057 000	5 812 000	2 193 000
Total Equity	−201 000	−410 000	−659 000	−668 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 000	9 000	12 000	2 794 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	4 999 000	6 385 000	6 455 000	37 000
Total Current Debt	5 059 000	6 458 000	6 459 000	67 000
Total Equity and Debt	4 865 000	6 057 000	5 812 000	2 193 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−103,98 %	−60,73 %	−1,52 %	−65,42 %
Debt-to-Equity Ratio	−0,03	−0,02	−0,02	−4,18
Operating Profit Margin	70 %	-	83,05 %	97,35 %
Current Ratio	0,74	0,77	0,88	1,24
Quick Ratio	0,74	0,77	0,88	1,24
Equity Ratio	−0,04	−0,07	−0,11	−0,3
Gross Profit Margin	100 %	-	100 %	100 %