FRODE KVÆRNENG AS

1605 FREDRIKSTAD

Finances

Return on Equity

33,46 %

Current Ratio

0,31

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 684 000	1 411 000	1 387 000	849 000
Net Income	347 000	136 000	172 000	6 000
Total Assets	1 777 000	1 858 000	1 692 000	1 552 000
Total Equity	1 037 000	990 000	1 355 000	1 183 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 684 000	1 411 000	1 387 000	849 000
Expenditure	1 250 000	1 220 000	1 154 000	826 000
Operating Profit	434 000	190 000	234 000	23 000
Financial Income	20 000	1 000	1 000	1 000
Financial Costs	0	0	0	0
Financial Balance	20 000	1 000	1 000	1 000
Earnings Before Tax	454 000	191 000	235 000	23 000
Tax	107 000	55 000	63 000	18 000
Net Income	347 000	136 000	172 000	6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 551 000	1 590 000	1 100 000	1 106 000
Total Current Assets	226 000	268 000	592 000	446 000
Total Assets	1 777 000	1 858 000	1 692 000	1 552 000
Total Retained Equity	937 000	890 000	1 255 000	1 083 000
Total Equity	1 037 000	990 000	1 355 000	1 183 000
Total Long-Term Debt	0	2 000	3 000	4 000
Total Current Debt	740 000	866 000	334 000	365 000
Total Equity and Debt	1 777 000	1 858 000	1 692 000	1 552 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 684 000	1 411 000	1 387 000	849 000
Other Income	0	0	0	0
Revenue	1 684 000	1 411 000	1 387 000	849 000
Cost of Goods Sold	0	2 000	0	0
Salary Costs	819 000	814 000	790 000	492 000
Depreciation	9 000	5 000	5 000	5 000
Impairment	0	0	0	0
Expenditure	1 250 000	1 220 000	1 154 000	826 000
Operating Profit	434 000	190 000	234 000	23 000
Financial Income	20 000	1 000	1 000	1 000
Financial Costs	0	0	0	0
Financial Balance	20 000	1 000	1 000	1 000
Dividends	300 000	500 000	0	0
Net Income	347 000	136 000	172 000	6 000

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	22 000	31 000	36 000	41 000
Total Tangible Assets	22 000	31 000	36 000	41 000
Total Fiancial Fixed Assets	1 529 000	1 559 000	1 064 000	1 065 000
Total Fixed Assets	1 551 000	1 590 000	1 100 000	1 106 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	94 000	51 000	117 000	31 000
Total Current Assets	226 000	268 000	592 000	446 000
Total Assets	1 777 000	1 858 000	1 692 000	1 552 000
Total Equity	1 037 000	990 000	1 355 000	1 183 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	2 000	3 000	4 000
Creditors	−1 000	6 000	11 000	3 000
Unpaid Taxes	128 000	121 000	136 000	35 000
Dividends	300 000	500 000	0	0
Other Current Debt	204 000	683 000	123 000	308 000
Total Current Debt	740 000	866 000	334 000	365 000
Total Equity and Debt	1 777 000	1 858 000	1 692 000	1 552 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,46 %	13,74 %	12,69 %	0,51 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	25,77 %	13,47 %	16,87 %	2,71 %
Current Ratio	0,31	0,31	1,77	1,22
Quick Ratio	0,31	0,31	1,77	1,22
Equity Ratio	0,58	0,53	0,8	0,76
Gross Profit Margin	100 %	99,86 %	100 %	100 %