FREE2MOVE AS

9419 SØRVIK

Finances

Share Ownership

Return on Equity

53,31 %

Current Ratio

0,96

Debt-to-Equity Ratio

2,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 397 000	9 607 000	2 702 000	2 695 000
Net Income	628 000	360 000	176 000	119 000
Total Assets	11 354 000	6 286 000	4 958 000	3 597 000
Total Equity	1 178 000	862 000	502 000	315 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 397 000	9 607 000	2 702 000	2 695 000
Expenditure	17 512 000	9 117 000	2 484 000	2 480 000
Operating Profit	885 000	490 000	217 000	215 000
Financial Income	3 000	2 000	2 000	5 000
Financial Costs	82 000	29 000	47 000	14 000
Financial Balance	−79 000	−27 000	−45 000	−9 000
Earnings Before Tax	806 000	463 000	172 000	206 000
Tax	177 000	103 000	−4 000	87 000
Net Income	628 000	360 000	176 000	119 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 470 000	2 534 000	2 907 000	2 899 000
Total Current Assets	6 884 000	3 753 000	2 050 000	698 000
Total Assets	11 354 000	6 286 000	4 958 000	3 597 000
Total Retained Equity	978 000	662 000	302 000	115 000
Total Equity	1 178 000	862 000	502 000	315 000
Total Long-Term Debt	3 001 000	1 613 000	1 777 000	1 821 000
Total Current Debt	7 175 000	3 810 000	2 678 000	1 460 000
Total Equity and Debt	11 354 000	6 286 000	4 958 000	3 597 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 107 000	9 416 000	2 570 000	2 678 000
Other Income	290 000	191 000	132 000	17 000
Revenue	18 397 000	9 607 000	2 702 000	2 695 000
Cost of Goods Sold	15 799 000	8 020 000	1 716 000	1 286 000
Salary Costs	0	0	0	0
Depreciation	425 000	404 000	318 000	381 000
Impairment	0	0	0	0
Expenditure	17 512 000	9 117 000	2 484 000	2 480 000
Operating Profit	885 000	490 000	217 000	215 000
Financial Income	3 000	2 000	2 000	5 000
Financial Costs	82 000	29 000	47 000	14 000
Financial Balance	−79 000	−27 000	−45 000	−9 000
Dividends	300 000	0	0	0
Net Income	628 000	360 000	176 000	119 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 582 000	1 644 000	1 725 000	1 806 000
Machinery and Plant Facilities	0	0	0	34 000
Fixtures	2 844 000	846 000	1 147 000	1 059 000
Total Tangible Assets	4 426 000	2 490 000	2 872 000	2 899 000
Total Fiancial Fixed Assets	44 000	44 000	36 000	0
Total Fixed Assets	4 470 000	2 534 000	2 907 000	2 899 000
Stock	5 292 000	3 162 000	1 026 000	313 000
Total Investments	0	0	0	0
Cash, Bank	666 000	336 000	876 000	328 000
Total Current Assets	6 884 000	3 753 000	2 050 000	698 000
Total Assets	11 354 000	6 286 000	4 958 000	3 597 000
Total Equity	1 178 000	862 000	502 000	315 000
Short-Term Group Debt	17 000	0	0	0
Total Long-Term Debt	3 001 000	1 613 000	1 777 000	1 821 000
Creditors	2 482 000	774 000	127 000	573 000
Unpaid Taxes	482 000	54 000	165 000	0
Dividends	300 000	0	0	0
Other Current Debt	3 835 000	2 898 000	2 339 000	839 000
Total Current Debt	7 175 000	3 810 000	2 678 000	1 460 000
Total Equity and Debt	11 354 000	6 286 000	4 958 000	3 597 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,31 %	41,76 %	35,06 %	37,78 %
Debt-to-Equity Ratio	2,55	1,87	3,54	5,78
Operating Profit Margin	4,81 %	5,1 %	8,03 %	7,98 %
Current Ratio	0,96	0,99	0,77	0,48
Quick Ratio	3,66	5,79	1,24	0,61
Equity Ratio	0,1	0,14	0,1	0,09
Gross Profit Margin	14,12 %	16,52 %	36,49 %	52,28 %