FRODE IGLAND AS

5034 BERGEN

Finances

Share Ownership

Return on Equity

−277,29 %

Current Ratio

1,36

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	892 000	1 199 000	1 006 000	753 000
Net Income	−879 000	950 000	−265 000	29 000
Total Assets	856 000	1 572 000	539 000	746 000
Total Equity	317 000	1 121 000	171 000	436 000

Income (NOK)	2021	2020	2019	2018
Revenue	892 000	1 199 000	1 006 000	753 000
Expenditure	1 955 000	1 644 000	1 403 000	712 000
Operating Profit	−1 063 000	−444 000	−397 000	40 000
Financial Income	0	1 396 000	133 000	0
Financial Costs	1 000	1 000	0	12 000
Financial Balance	−1 000	1 395 000	133 000	−12 000
Earnings Before Tax	−1 064 000	950 000	−265 000	29 000
Tax	−41 000	0	0	0
Net Income	−879 000	950 000	−265 000	29 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	125 000	112 000	112 000	112 000
Total Current Assets	731 000	1 460 000	427 000	634 000
Total Assets	856 000	1 572 000	539 000	746 000
Total Retained Equity	217 000	1 021 000	71 000	336 000
Total Equity	317 000	1 121 000	171 000	436 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	539 000	451 000	368 000	310 000
Total Equity and Debt	856 000	1 572 000	539 000	746 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	892 000	1 199 000	964 000	753 000
Other Income	0	0	43 000	0
Revenue	892 000	1 199 000	1 006 000	753 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 795 000	1 436 000	1 253 000	457 000
Depreciation	5 000	0	0	0
Impairment	0	0	0	0
Expenditure	1 955 000	1 644 000	1 403 000	712 000
Operating Profit	−1 063 000	−444 000	−397 000	40 000
Financial Income	0	1 396 000	133 000	0
Financial Costs	1 000	1 000	0	12 000
Financial Balance	−1 000	1 395 000	133 000	−12 000
Dividends	0	0	0	0
Net Income	−879 000	950 000	−265 000	29 000

Balance details (NOK)	2021	2020	2019	2018
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	13 000	0	0	0
Total Tangible Assets	13 000	0	0	0
Total Fiancial Fixed Assets	112 000	112 000	112 000	112 000
Total Fixed Assets	125 000	112 000	112 000	112 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	150 000	1 405 000	129 000	304 000
Total Current Assets	731 000	1 460 000	427 000	634 000
Total Assets	856 000	1 572 000	539 000	746 000
Total Equity	317 000	1 121 000	171 000	436 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	50 000	40 000	43 000	23 000
Unpaid Taxes	280 000	202 000	176 000	192 000
Dividends	0	0	0	0
Other Current Debt	208 000	209 000	149 000	95 000
Total Current Debt	539 000	451 000	368 000	310 000
Total Equity and Debt	856 000	1 572 000	539 000	746 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−277,29 %	84,75 %	−154,97 %	6,65 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−119,17 %	−37,03 %	−39,46 %	5,31 %
Current Ratio	1,36	3,24	1,16	2,05
Quick Ratio	1,36	3,24	1,16	2,05
Equity Ratio	0,37	0,71	0,32	0,58
Gross Profit Margin	100 %	100 %	100 %	100 %