FOSSEN UTVIKLING AS

3510 HØNEFOSS

Finances

Share Ownership

Return on Equity

−14,53 %

Current Ratio

30,92

Debt-to-Equity Ratio

6,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	360 000	0	0	0
Net Income	−1 538 000	−1 916 000	−1 167 000	−2 373 000
Total Assets	78 348 000	72 021 000	45 495 000	25 858 000
Total Equity	10 586 000	4 324 000	6 240 000	2 407 000

Income (NOK)	2022	2021	2020	2019
Revenue	360 000	0	0	0
Expenditure	2 197 000	2 457 000	1 498 000	2 413 000
Operating Profit	−1 836 000	−2 457 000	−1 497 000	−2 412 000
Financial Income	2 000	1 000	1 000	4 000
Financial Costs	0	0	0	1 410 000
Financial Balance	2 000	1 000	1 000	−1 406 000
Earnings Before Tax	−1 834 000	−2 456 000	−1 496 000	−3 818 000
Tax	−297 000	−540 000	−329 000	−1 445 000
Net Income	−1 538 000	−1 916 000	−1 167 000	−2 373 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	411 000	2 315 000	1 774 000	1 445 000
Total Current Assets	77 937 000	69 707 000	43 720 000	24 413 000
Total Assets	78 348 000	72 021 000	45 495 000	25 858 000
Total Retained Equity	−3 453 000	−1 916 000	0	0
Total Equity	10 586 000	4 324 000	6 240 000	2 407 000
Total Long-Term Debt	65 241 000	64 370 000	21 432 000	10 213 000
Total Current Debt	2 521 000	3 328 000	17 823 000	13 238 000
Total Equity and Debt	78 348 000	72 021 000	45 495 000	25 858 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	360 000	0	0	0
Revenue	360 000	0	0	0
Cost of Goods Sold	0	46 000	0	34 000
Salary Costs	1 418 000	1 882 000	936 000	627 000
Depreciation	0	0	0	15 000
Impairment	0	0	0	0
Expenditure	2 197 000	2 457 000	1 498 000	2 413 000
Operating Profit	−1 836 000	−2 457 000	−1 497 000	−2 412 000
Financial Income	2 000	1 000	1 000	4 000
Financial Costs	0	0	0	1 410 000
Financial Balance	2 000	1 000	1 000	−1 406 000
Dividends	0	0	0	0
Net Income	−1 538 000	−1 916 000	−1 167 000	−2 373 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	411 000	2 315 000	1 774 000	1 445 000
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	411 000	2 315 000	1 774 000	1 445 000
Stock	72 770 000	59 336 000	35 529 000	24 102 000
Total Investments	0	0	0	0
Cash, Bank	1 014 000	1 117 000	321 000	310 000
Total Current Assets	77 937 000	69 707 000	43 720 000	24 413 000
Total Assets	78 348 000	72 021 000	45 495 000	25 858 000
Total Equity	10 586 000	4 324 000	6 240 000	2 407 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	65 241 000	64 370 000	21 432 000	10 213 000
Creditors	1 197 000	2 322 000	2 416 000	102 000
Unpaid Taxes	364 000	348 000	320 000	191 000
Dividends	0	0	0	0
Other Current Debt	960 000	658 000	690 000	1 484 000
Total Current Debt	2 521 000	3 328 000	17 823 000	13 238 000
Total Equity and Debt	78 348 000	72 021 000	45 495 000	25 858 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,53 %	−44,31 %	−18,7 %	−98,59 %
Debt-to-Equity Ratio	6,16	14,89	3,43	4,24
Operating Profit Margin	−510 %	-	-	-
Current Ratio	30,92	20,95	2,45	1,84
Quick Ratio	−1,11	−1,24	−2,47	−2,25
Equity Ratio	0,14	0,06	0,14	0,09
Gross Profit Margin	100 %	-	-	-