FRED SELNES AS

1363 HØVIK

Finances

Return on Equity

−26,38 %

Current Ratio

1,64

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	609 000	873 000	5 788 000	916 000
Net Income	−1 579 000	569 000	4 067 000	650 000
Total Assets	7 000 000	9 885 000	13 074 000	15 289 000
Total Equity	5 986 000	8 595 000	11 776 000	12 359 000

Income (NOK)	2022	2021	2020	2019
Revenue	609 000	873 000	5 788 000	916 000
Expenditure	96 000	151 000	702 000	225 000
Operating Profit	513 000	722 000	5 085 000	690 000
Financial Income	170 000	197 000	202 000	214 000
Financial Costs	2 107 000	155 000	83 000	85 000
Financial Balance	−1 937 000	42 000	119 000	129 000
Earnings Before Tax	−1 425 000	764 000	5 204 000	819 000
Tax	154 000	195 000	1 137 000	169 000
Net Income	−1 579 000	569 000	4 067 000	650 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 262 000	7 961 000	7 970 000	14 397 000
Total Current Assets	738 000	1 923 000	5 104 000	892 000
Total Assets	7 000 000	9 885 000	13 074 000	15 289 000
Total Retained Equity	5 886 000	8 495 000	11 676 000	12 259 000
Total Equity	5 986 000	8 595 000	11 776 000	12 359 000
Total Long-Term Debt	564 000	703 000	876 000	2 618 000
Total Current Debt	449 000	586 000	422 000	312 000
Total Equity and Debt	7 000 000	9 885 000	13 074 000	15 289 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	609 000	873 000	728 000	592 000
Other Income	0	0	5 060 000	324 000
Revenue	609 000	873 000	5 788 000	916 000
Cost of Goods Sold	0	5 000	1 000	0
Salary Costs	0	0	0	0
Depreciation	8 000	8 000	1 000	0
Impairment	0	0	0	0
Expenditure	96 000	151 000	702 000	225 000
Operating Profit	513 000	722 000	5 085 000	690 000
Financial Income	170 000	197 000	202 000	214 000
Financial Costs	2 107 000	155 000	83 000	85 000
Financial Balance	−1 937 000	42 000	119 000	129 000
Dividends	0	0	0	0
Net Income	−1 579 000	569 000	4 067 000	650 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	6 446 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	52 000	61 000	69 000	0
Total Tangible Assets	52 000	61 000	69 000	6 446 000
Total Fiancial Fixed Assets	6 210 000	7 901 000	7 901 000	7 952 000
Total Fixed Assets	6 262 000	7 961 000	7 970 000	14 397 000
Stock	0	0	0	0
Total Investments	78 000	284 000	0	0
Cash, Bank	371 000	1 639 000	5 104 000	841 000
Total Current Assets	738 000	1 923 000	5 104 000	892 000
Total Assets	7 000 000	9 885 000	13 074 000	15 289 000
Total Equity	5 986 000	8 595 000	11 776 000	12 359 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	564 000	703 000	876 000	2 618 000
Creditors	10 000	24 000	5 000	1 000
Unpaid Taxes	140 000	189 000	150 000	135 000
Dividends	0	0	0	0
Other Current Debt	6 000	6 000	6 000	6 000
Total Current Debt	449 000	586 000	422 000	312 000
Total Equity and Debt	7 000 000	9 885 000	13 074 000	15 289 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−26,38 %	6,62 %	34,54 %	5,26 %
Debt-to-Equity Ratio	0,09	0,08	0,07	0,21
Operating Profit Margin	84,24 %	82,7 %	87,85 %	75,33 %
Current Ratio	1,64	3,28	12,09	2,86
Quick Ratio	1,64	3,28	12,09	2,86
Equity Ratio	0,86	0,87	0,9	0,81
Gross Profit Margin	100 %	99,43 %	99,98 %	100 %