FARCO AS

2019 SKEDSMOKORSET

Finances

Share Ownership

Return on Equity

36,05 %

Current Ratio

2,36

Debt-to-Equity Ratio

2,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	30 039 000	27 521 000	16 105 000	9 959 000
Net Income	783 000	605 000	132 000	104 000
Total Assets	14 701 000	9 842 000	5 266 000	4 321 000
Total Equity	2 172 000	1 388 000	784 000	652 000

Income (NOK)	2022	2021	2020	2019
Revenue	30 039 000	27 521 000	16 105 000	9 959 000
Expenditure	28 963 000	26 719 000	15 944 000	9 819 000
Operating Profit	1 076 000	802 000	162 000	140 000
Financial Income	12 000	0	8 000	0
Financial Costs	84 000	26 000	1 000	5 000
Financial Balance	−72 000	−26 000	7 000	−5 000
Earnings Before Tax	1 004 000	776 000	169 000	135 000
Tax	221 000	171 000	37 000	31 000
Net Income	783 000	605 000	132 000	104 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	200 000	127 000	49 000	393 000
Total Current Assets	14 501 000	9 714 000	5 217 000	3 928 000
Total Assets	14 701 000	9 842 000	5 266 000	4 321 000
Total Retained Equity	2 072 000	1 288 000	684 000	552 000
Total Equity	2 172 000	1 388 000	784 000	652 000
Total Long-Term Debt	6 394 000	971 000	2 471 000	2 471 000
Total Current Debt	6 136 000	7 482 000	2 012 000	1 199 000
Total Equity and Debt	14 701 000	9 842 000	5 266 000	4 321 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	30 039 000	27 521 000	16 105 000	9 959 000
Other Income	0	0	0	0
Revenue	30 039 000	27 521 000	16 105 000	9 959 000
Cost of Goods Sold	21 277 000	20 468 000	11 420 000	6 648 000
Salary Costs	4 332 000	3 385 000	2 240 000	1 462 000
Depreciation	19 000	17 000	20 000	33 000
Impairment	0	0	259 000	259 000
Expenditure	28 963 000	26 719 000	15 944 000	9 819 000
Operating Profit	1 076 000	802 000	162 000	140 000
Financial Income	12 000	0	8 000	0
Financial Costs	84 000	26 000	1 000	5 000
Financial Balance	−72 000	−26 000	7 000	−5 000
Dividends	0	0	0	0
Net Income	783 000	605 000	132 000	104 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 000	61 000	22 000	281 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	66 000	66 000	28 000	112 000
Total Tangible Assets	66 000	66 000	28 000	112 000
Total Fiancial Fixed Assets	113 000	0	0	0
Total Fixed Assets	200 000	127 000	49 000	393 000
Stock	9 874 000	5 574 000	2 392 000	2 366 000
Total Investments	0	0	0	0
Cash, Bank	310 000	412 000	627 000	245 000
Total Current Assets	14 501 000	9 714 000	5 217 000	3 928 000
Total Assets	14 701 000	9 842 000	5 266 000	4 321 000
Total Equity	2 172 000	1 388 000	784 000	652 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 394 000	971 000	2 471 000	2 471 000
Creditors	1 862 000	2 651 000	973 000	482 000
Unpaid Taxes	1 262 000	1 131 000	636 000	396 000
Dividends	0	0	0	0
Other Current Debt	858 000	764 000	366 000	312 000
Total Current Debt	6 136 000	7 482 000	2 012 000	1 199 000
Total Equity and Debt	14 701 000	9 842 000	5 266 000	4 321 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,05 %	43,59 %	16,84 %	15,95 %
Debt-to-Equity Ratio	2,94	0,7	3,15	3,79
Operating Profit Margin	3,58 %	2,91 %	1,01 %	1,41 %
Current Ratio	2,36	1,3	2,59	3,28
Quick Ratio	−3,88	5,09	−13,73	−3,37
Equity Ratio	0,15	0,14	0,15	0,15
Gross Profit Margin	29,17 %	25,63 %	29,09 %	33,25 %