FRENVIKRØNNINGEN AS

3256 LARVIK

Finances

Share Ownership

Return on Equity

6,84 %

Current Ratio

364,75

Debt-to-Equity Ratio

−2,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−179 000	−221 000	−133 000	−149 000
Total Assets	3 940 000	3 904 000	3 820 000	3 850 000
Total Equity	−2 616 000	−2 437 000	−2 216 000	−2 083 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	69 000	166 000	41 000	46 000
Operating Profit	−69 000	−166 000	−41 000	−46 000
Financial Income	0	0	0	0
Financial Costs	161 000	118 000	129 000	144 000
Financial Balance	−161 000	−118 000	−129 000	−144 000
Earnings Before Tax	−229 000	−284 000	−171 000	−191 000
Tax	−50 000	−62 000	0	−42 000
Net Income	−179 000	−221 000	−133 000	−149 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 022 000	971 000	909 000	871 000
Total Current Assets	2 918 000	2 933 000	2 911 000	2 979 000
Total Assets	3 940 000	3 904 000	3 820 000	3 850 000
Total Retained Equity	−3 616 000	−3 437 000	−3 216 000	−3 083 000
Total Equity	−2 616 000	−2 437 000	−2 216 000	−2 083 000
Total Long-Term Debt	6 548 000	6 289 000	6 023 000	5 927 000
Total Current Debt	8 000	52 000	13 000	7 000
Total Equity and Debt	3 940 000	3 904 000	3 820 000	3 850 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	69 000	166 000	41 000	46 000
Operating Profit	−69 000	−166 000	−41 000	−46 000
Financial Income	0	0	0	0
Financial Costs	161 000	118 000	129 000	144 000
Financial Balance	−161 000	−118 000	−129 000	−144 000
Dividends	0	0	0	0
Net Income	−179 000	−221 000	−133 000	−149 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 022 000	971 000	909 000	871 000
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	0	0	0	0
Total Fixed Assets	1 022 000	971 000	909 000	871 000
Stock	2 910 000	2 910 000	2 910 000	2 910 000
Total Investments	0	0	0	0
Cash, Bank	9 000	23 000	2 000	70 000
Total Current Assets	2 918 000	2 933 000	2 911 000	2 979 000
Total Assets	3 940 000	3 904 000	3 820 000	3 850 000
Total Equity	−2 616 000	−2 437 000	−2 216 000	−2 083 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 548 000	6 289 000	6 023 000	5 927 000
Creditors	0	45 000	6 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	8 000	7 000	7 000	7 000
Total Current Debt	8 000	52 000	13 000	7 000
Total Equity and Debt	3 940 000	3 904 000	3 820 000	3 850 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,84 %	9,07 %	6 %	7,15 %
Debt-to-Equity Ratio	−2,5	−2,58	−2,72	−2,85
Operating Profit Margin	-	-	-	-
Current Ratio	364,75	56,4	223,92	425,57
Quick Ratio	−1,01	−1,03	−1	−1,03
Equity Ratio	−0,66	−0,62	−0,58	−0,54
Gross Profit Margin	-	-	-	-