FIRETO AS

6517 KRISTIANSUND N

Finances

Return on Equity

3,36 %

Current Ratio

0,04

Debt-to-Equity Ratio

−0,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	467 000	992 000	584 000	1 873 000
Net Income	−170 000	296 000	2 389 000	−2 035 000
Total Assets	6 864 000	9 875 000	8 825 000	10 216 000
Total Equity	−5 056 000	−4 886 000	−5 182 000	−7 570 000

Income (NOK)	2022	2021	2020	2019
Revenue	467 000	992 000	584 000	1 873 000
Expenditure	362 000	638 000	1 719 000	−3 411 000
Operating Profit	104 000	354 000	−1 135 000	5 284 000
Financial Income	28 000	15 000	3 775 000	7 885 000
Financial Costs	302 000	73 000	251 000	12 763 000
Financial Balance	−274 000	−58 000	3 524 000	−4 878 000
Earnings Before Tax	−170 000	296 000	2 389 000	406 000
Tax	0	0	0	2 441 000
Net Income	−170 000	296 000	2 389 000	−2 035 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 522 000	6 511 000	6 262 000	7 261 000
Total Current Assets	342 000	3 364 000	2 563 000	2 955 000
Total Assets	6 864 000	9 875 000	8 825 000	10 216 000
Total Retained Equity	−10 556 000	−10 386 000	−10 682 000	−13 298 000
Total Equity	−5 056 000	−4 886 000	−5 182 000	−7 570 000
Total Long-Term Debt	2 672 000	3 485 000	3 485 000	8 085 000
Total Current Debt	9 248 000	11 276 000	10 521 000	9 701 000
Total Equity and Debt	6 864 000	9 875 000	8 825 000	10 216 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	467 000	0	584 000	1 873 000
Other Income	0	992 000	0	0
Revenue	467 000	992 000	584 000	1 873 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	4 000
Depreciation	6 000	9 000	102 000	102 000
Impairment	0	0	0	0
Expenditure	362 000	638 000	1 719 000	−3 411 000
Operating Profit	104 000	354 000	−1 135 000	5 284 000
Financial Income	28 000	15 000	3 775 000	7 885 000
Financial Costs	302 000	73 000	251 000	12 763 000
Financial Balance	−274 000	−58 000	3 524 000	−4 878 000
Dividends	0	0	0	0
Net Income	−170 000	296 000	2 389 000	−2 035 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	485 000	485 000	485 000	485 000
Machinery and Plant Facilities	0	0	0	981 000
Fixtures	0	6 000	15 000	0
Total Tangible Assets	485 000	491 000	500 000	1 466 000
Total Fiancial Fixed Assets	6 037 000	6 020 000	5 762 000	5 795 000
Total Fixed Assets	6 522 000	6 511 000	6 262 000	7 261 000
Stock	0	0	0	0
Total Investments	0	0	0	1 456 000
Cash, Bank	59 000	1 984 000	864 000	25 000
Total Current Assets	342 000	3 364 000	2 563 000	2 955 000
Total Assets	6 864 000	9 875 000	8 825 000	10 216 000
Total Equity	−5 056 000	−4 886 000	−5 182 000	−7 570 000
Short-Term Group Debt	5 848 000	7 526 000	7 775 000	7 635 000
Total Long-Term Debt	2 672 000	3 485 000	3 485 000	8 085 000
Creditors	81 000	76 000	199 000	994 000
Unpaid Taxes	11 000	23 000	0	108 000
Dividends	0	0	0	0
Other Current Debt	3 308 000	3 651 000	2 547 000	964 000
Total Current Debt	9 248 000	11 276 000	10 521 000	9 701 000
Total Equity and Debt	6 864 000	9 875 000	8 825 000	10 216 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,36 %	−6,06 %	−46,1 %	26,88 %
Debt-to-Equity Ratio	−0,53	−0,71	−0,67	−1,07
Operating Profit Margin	22,27 %	35,69 %	−194,35 %	282,11 %
Current Ratio	0,04	0,3	0,24	0,3
Quick Ratio	0,04	0,3	0,24	0,3
Equity Ratio	−0,74	−0,49	−0,59	−0,74
Gross Profit Margin	100 %	100 %	100 %	100 %