FRENNINGEN VANNVERK AS

2920 LEIRA I VALDRES

Finances

Share Ownership

Return on Equity

−60,57 %

Current Ratio

6,11

Debt-to-Equity Ratio

2,46

Key figures (NOK)	2022	2021	2020	2019
Revenue	−67 000	3 742 000	3 135 000	2 110 000
Net Income	−739 000	1 648 000	1 357 000	827 000
Total Assets	4 239 000	5 586 000	5 737 000	6 623 000
Total Equity	1 220 000	1 959 000	312 000	312 000

Income (NOK)	2022	2021	2020	2019
Revenue	−67 000	3 742 000	3 135 000	2 110 000
Expenditure	233 000	1 908 000	1 548 000	1 120 000
Operating Profit	−300 000	1 834 000	1 588 000	990 000
Financial Income	4 000	7 000	0	1 000
Financial Costs	81 000	194 000	231 000	147 000
Financial Balance	−77 000	−187 000	−231 000	−146 000
Earnings Before Tax	−377 000	1 647 000	1 357 000	844 000
Tax	362 000	0	0	17 000
Net Income	−739 000	1 648 000	1 357 000	827 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 124 000	4 124 000	4 549 000	5 578 000
Total Current Assets	116 000	1 462 000	1 188 000	1 045 000
Total Assets	4 239 000	5 586 000	5 737 000	6 623 000
Total Retained Equity	941 000	1 680 000	0	32 000
Total Equity	1 220 000	1 959 000	312 000	312 000
Total Long-Term Debt	3 000 000	3 377 000	3 606 000	5 993 000
Total Current Debt	19 000	249 000	1 819 000	319 000
Total Equity and Debt	4 239 000	5 586 000	5 737 000	6 623 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	−67 000	3 742 000	2 985 000	2 110 000
Other Income	0	0	150 000	0
Revenue	−67 000	3 742 000	3 135 000	2 110 000
Cost of Goods Sold	0	1 091 000	1 072 000	747 000
Salary Costs	0	170 000	43 000	21 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	233 000	1 908 000	1 548 000	1 120 000
Operating Profit	−300 000	1 834 000	1 588 000	990 000
Financial Income	4 000	7 000	0	1 000
Financial Costs	81 000	194 000	231 000	147 000
Financial Balance	−77 000	−187 000	−231 000	−146 000
Dividends	0	0	0	0
Net Income	−739 000	1 648 000	1 357 000	827 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 124 000	4 124 000	4 549 000	5 578 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 124 000	4 124 000	4 549 000	5 578 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 124 000	4 124 000	4 549 000	5 578 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	96 000	706 000	747 000	612 000
Total Current Assets	116 000	1 462 000	1 188 000	1 045 000
Total Assets	4 239 000	5 586 000	5 737 000	6 623 000
Total Equity	1 220 000	1 959 000	312 000	312 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 000 000	3 377 000	3 606 000	5 993 000
Creditors	0	238 000	92 000	124 000
Unpaid Taxes	0	0	235 000	160 000
Dividends	0	0	0	0
Other Current Debt	19 000	11 000	1 491 000	18 000
Total Current Debt	19 000	249 000	1 819 000	319 000
Total Equity and Debt	4 239 000	5 586 000	5 737 000	6 623 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−60,57 %	84,12 %	434,94 %	265,06 %
Debt-to-Equity Ratio	2,46	1,72	11,56	19,21
Operating Profit Margin	447,76 %	49,01 %	50,65 %	46,92 %
Current Ratio	6,11	5,87	0,65	3,28
Quick Ratio	6,11	5,87	0,65	3,28
Equity Ratio	0,29	0,35	0,05	0,05
Gross Profit Margin	100 %	70,84 %	65,81 %	64,6 %