FROGNER AS

3921 PORSGRUNN

Finances

Return on Equity

122,62 %

Current Ratio

32,61

Debt-to-Equity Ratio

−23,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	550 000	550 000
Net Income	−542 000	1 988 000	1 324 000	−3 033 000
Total Assets	10 104 000	14 265 000	8 878 000	5 253 000
Total Equity	−442 000	100 000	266 000	−1 057 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	550 000	550 000
Expenditure	11 000	53 000	639 000	577 000
Operating Profit	−11 000	−53 000	−89 000	−27 000
Financial Income	1 021 000	2 531 000	400 000	0
Financial Costs	1 553 000	507 000	−992 000	3 015 000
Financial Balance	−532 000	2 024 000	1 392 000	−3 015 000
Earnings Before Tax	−542 000	1 971 000	1 302 000	−3 042 000
Tax	0	−17 000	−21 000	−9 000
Net Income	−542 000	1 988 000	1 324 000	−3 033 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 734 000	6 990 000	7 290 000	4 169 000
Total Current Assets	4 370 000	7 275 000	1 588 000	1 084 000
Total Assets	10 104 000	14 265 000	8 878 000	5 253 000
Total Retained Equity	−542 000	0	166 000	−1 157 000
Total Equity	−442 000	100 000	266 000	−1 057 000
Total Long-Term Debt	10 412 000	11 916 000	6 381 000	1 257 000
Total Current Debt	134 000	2 249 000	2 231 000	5 053 000
Total Equity and Debt	10 104 000	14 265 000	8 878 000	5 253 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	550 000	550 000
Other Income	0	0	0	0
Revenue	0	0	550 000	550 000
Cost of Goods Sold	0	0	0	0
Salary Costs	−80 000	−32 000	572 000	503 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	11 000	53 000	639 000	577 000
Operating Profit	−11 000	−53 000	−89 000	−27 000
Financial Income	1 021 000	2 531 000	400 000	0
Financial Costs	1 553 000	507 000	−992 000	3 015 000
Financial Balance	−532 000	2 024 000	1 392 000	−3 015 000
Dividends	0	2 155 000	0	0
Net Income	−542 000	1 988 000	1 324 000	−3 033 000

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	5 734 000	6 990 000	7 290 000	4 169 000
Total Fixed Assets	5 734 000	6 990 000	7 290 000	4 169 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	170 000	92 000	128 000	32 000
Total Current Assets	4 370 000	7 275 000	1 588 000	1 084 000
Total Assets	10 104 000	14 265 000	8 878 000	5 253 000
Total Equity	−442 000	100 000	266 000	−1 057 000
Short-Term Group Debt	0	0	1 622 000	4 555 000
Total Long-Term Debt	10 412 000	11 916 000	6 381 000	1 257 000
Creditors	0	14 000	1 000	8 000
Unpaid Taxes	132 000	0	196 000	77 000
Dividends	0	2 155 000	0	0
Other Current Debt	2 000	80 000	412 000	413 000
Total Current Debt	134 000	2 249 000	2 231 000	5 053 000
Total Equity and Debt	10 104 000	14 265 000	8 878 000	5 253 000

Financial indicators	2022	2021	2020	2019
Return on Equity	122,62 %	1 988 %	497,74 %	286,94 %
Debt-to-Equity Ratio	−23,56	119,16	23,99	−1,19
Operating Profit Margin	-	-	−16,18 %	−4,91 %
Current Ratio	32,61	3,23	0,71	0,21
Quick Ratio	32,61	3,23	0,71	0,21
Equity Ratio	−0,04	0,01	0,03	−0,2
Gross Profit Margin	-	-	100 %	100 %