FRODE HASSEL AS

7012 TRONDHEIM

Finances

Return on Equity

10,98 %

Current Ratio

8,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	765 000	827 000	667 000	676 000
Net Income	3 935 000	5 946 000	3 316 000	2 391 000
Total Assets	37 344 000	39 668 000	34 954 000	32 416 000
Total Equity	35 838 000	31 903 000	25 957 000	22 641 000

Income (NOK)	2022	2021	2020	2019
Revenue	765 000	827 000	667 000	676 000
Expenditure	490 000	559 000	669 000	799 000
Operating Profit	275 000	269 000	−2 000	−123 000
Financial Income	5 646 000	6 228 000	3 371 000	4 471 000
Financial Costs	1 883 000	472 000	31 000	1 966 000
Financial Balance	3 763 000	5 756 000	3 340 000	2 505 000
Earnings Before Tax	4 038 000	6 024 000	3 338 000	2 382 000
Tax	103 000	78 000	22 000	−8 000
Net Income	3 935 000	5 946 000	3 316 000	2 391 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	24 944 000	26 317 000	23 463 000	20 209 000
Total Current Assets	12 400 000	13 351 000	11 491 000	12 207 000
Total Assets	37 344 000	39 668 000	34 954 000	32 416 000
Total Retained Equity	26 064 000	22 129 000	16 182 000	12 866 000
Total Equity	35 838 000	31 903 000	25 957 000	22 641 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 506 000	7 765 000	8 997 000	9 775 000
Total Equity and Debt	37 344 000	39 668 000	34 954 000	32 416 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	765 000	827 000	667 000	676 000
Revenue	765 000	827 000	667 000	676 000
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	490 000	559 000	669 000	799 000
Operating Profit	275 000	269 000	−2 000	−123 000
Financial Income	5 646 000	6 228 000	3 371 000	4 471 000
Financial Costs	1 883 000	472 000	31 000	1 966 000
Financial Balance	3 763 000	5 756 000	3 340 000	2 505 000
Dividends	0	0	0	0
Net Income	3 935 000	5 946 000	3 316 000	2 391 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	8 000
Real Eastate	11 559 000	11 559 000	11 559 000	11 559 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	11 559 000	11 559 000	11 559 000	11 559 000
Total Fiancial Fixed Assets	13 385 000	14 758 000	11 903 000	8 642 000
Total Fixed Assets	24 944 000	26 317 000	23 463 000	20 209 000
Stock	0	0	0	0
Total Investments	9 435 000	10 121 000	7 943 000	7 058 000
Cash, Bank	2 890 000	2 494 000	2 880 000	5 019 000
Total Current Assets	12 400 000	13 351 000	11 491 000	12 207 000
Total Assets	37 344 000	39 668 000	34 954 000	32 416 000
Total Equity	35 838 000	31 903 000	25 957 000	22 641 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	10 000	32 000	48 000	10 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 394 000	7 655 000	8 936 000	9 765 000
Total Current Debt	1 506 000	7 765 000	8 997 000	9 775 000
Total Equity and Debt	37 344 000	39 668 000	34 954 000	32 416 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,98 %	18,64 %	12,77 %	10,56 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	35,95 %	32,53 %	−0,3 %	−18,2 %
Current Ratio	8,23	1,72	1,28	1,25
Quick Ratio	8,23	1,72	1,28	1,25
Equity Ratio	0,96	0,8	0,74	0,7
Gross Profit Margin	100 %	100 %	100 %	100 %