FORMO AS

7030 TRONDHEIM

Finances

Return on Equity

85,35 %

Current Ratio

1,7

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	467 000	843 000	300 000	−58 000
Net Income	21 660 000	1 050 000	1 110 000	1 733 000
Total Assets	54 046 000	41 682 000	39 479 000	37 893 000
Total Equity	25 378 000	3 718 000	7 668 000	6 638 000

Income (NOK)	2022	2021	2020	2019
Revenue	467 000	843 000	300 000	−58 000
Expenditure	1 398 000	876 000	1 109 000	1 964 000
Operating Profit	−931 000	−33 000	−810 000	−2 022 000
Financial Income	24 072 000	2 663 000	3 496 000	4 843 000
Financial Costs	1 509 000	1 264 000	1 263 000	1 089 000
Financial Balance	22 563 000	1 399 000	2 233 000	3 754 000
Earnings Before Tax	21 633 000	1 366 000	1 423 000	1 732 000
Tax	−27 000	317 000	313 000	−1 000
Net Income	21 660 000	1 050 000	1 110 000	1 733 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 266 000	10 417 000	33 856 000	32 566 000
Total Current Assets	48 780 000	31 265 000	5 624 000	5 328 000
Total Assets	54 046 000	41 682 000	39 479 000	37 893 000
Total Retained Equity	24 978 000	3 318 000	7 268 000	6 238 000
Total Equity	25 378 000	3 718 000	7 668 000	6 638 000
Total Long-Term Debt	9 000	2 795 000	31 102 000	31 020 000
Total Current Debt	28 659 000	35 168 000	709 000	235 000
Total Equity and Debt	54 046 000	41 682 000	39 479 000	37 893 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	167 000	930 000	300 000	0
Other Income	300 000	−88 000	0	−58 000
Revenue	467 000	843 000	300 000	−58 000
Cost of Goods Sold	0	0	0	0
Salary Costs	517 000	402 000	544 000	823 000
Depreciation	381 000	45 000	54 000	101 000
Impairment	0	0	0	0
Expenditure	1 398 000	876 000	1 109 000	1 964 000
Operating Profit	−931 000	−33 000	−810 000	−2 022 000
Financial Income	24 072 000	2 663 000	3 496 000	4 843 000
Financial Costs	1 509 000	1 264 000	1 263 000	1 089 000
Financial Balance	22 563 000	1 399 000	2 233 000	3 754 000
Dividends	0	0	0	0
Net Income	21 660 000	1 050 000	1 110 000	1 733 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	12 000	18 000
Real Eastate	89 000	89 000	89 000	89 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	964 000	1 345 000	44 000	99 000
Total Tangible Assets	1 053 000	1 434 000	133 000	188 000
Total Fiancial Fixed Assets	4 213 000	8 983 000	33 710 000	32 361 000
Total Fixed Assets	5 266 000	10 417 000	33 856 000	32 566 000
Stock	0	0	0	0
Total Investments	30 261 000	25 903 000	32 000	32 000
Cash, Bank	6 709 000	1 929 000	766 000	1 156 000
Total Current Assets	48 780 000	31 265 000	5 624 000	5 328 000
Total Assets	54 046 000	41 682 000	39 479 000	37 893 000
Total Equity	25 378 000	3 718 000	7 668 000	6 638 000
Short-Term Group Debt	18 699 000	3 739 000	103 000	0
Total Long-Term Debt	9 000	2 795 000	31 102 000	31 020 000
Creditors	75 000	151 000	99 000	79 000
Unpaid Taxes	51 000	23 000	66 000	48 000
Dividends	0	0	0	0
Other Current Debt	7 223 000	31 236 000	156 000	108 000
Total Current Debt	28 659 000	35 168 000	709 000	235 000
Total Equity and Debt	54 046 000	41 682 000	39 479 000	37 893 000

Financial indicators	2022	2021	2020	2019
Return on Equity	85,35 %	28,24 %	14,48 %	26,11 %
Debt-to-Equity Ratio	0	0,75	4,06	4,67
Operating Profit Margin	−199,36 %	−3,91 %	−270 %	3 486,21 %
Current Ratio	1,7	0,89	7,93	22,67
Quick Ratio	1,7	0,89	7,93	22,67
Equity Ratio	0,47	0,09	0,19	0,18
Gross Profit Margin	100 %	100 %	100 %	100 %