Q-FREE INTERNATIONAL AS

7041 TRONDHEIM

Finances

Share Ownership

Return on Equity

25,83 %

Current Ratio

0,53

Debt-to-Equity Ratio

3,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 408 000	1 833 000	1 532 000	2 479 000
Net Income	1 804 000	521 000	335 000	562 000
Total Assets	30 733 000	25 599 000	27 426 000	20 822 000
Total Equity	6 985 000	5 181 000	4 659 000	4 325 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 408 000	1 833 000	1 532 000	2 479 000
Expenditure	649 000	896 000	715 000	1 366 000
Operating Profit	2 759 000	937 000	817 000	1 113 000
Financial Income	18 000	0	4 000	12 000
Financial Costs	469 000	416 000	486 000	564 000
Financial Balance	−451 000	−416 000	−482 000	−552 000
Earnings Before Tax	2 308 000	521 000	335 000	562 000
Tax	504 000	0	0	0
Net Income	1 804 000	521 000	335 000	562 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 730 000	24 950 000	24 167 000	16 984 000
Total Current Assets	1 003 000	649 000	3 259 000	3 838 000
Total Assets	30 733 000	25 599 000	27 426 000	20 822 000
Total Retained Equity	1 828 000	24 000	−498 000	−832 000
Total Equity	6 985 000	5 181 000	4 659 000	4 325 000
Total Long-Term Debt	21 848 000	20 344 000	11 625 000	13 125 000
Total Current Debt	1 900 000	75 000	11 141 000	3 372 000
Total Equity and Debt	30 733 000	25 599 000	27 426 000	20 822 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	25 000
Other Income	3 408 000	1 833 000	1 532 000	2 455 000
Revenue	3 408 000	1 833 000	1 532 000	2 479 000
Cost of Goods Sold	0	0	0	3 000
Salary Costs	0	0	0	0
Depreciation	467 000	744 000	557 000	1 296 000
Impairment	0	0	0	0
Expenditure	649 000	896 000	715 000	1 366 000
Operating Profit	2 759 000	937 000	817 000	1 113 000
Financial Income	18 000	0	4 000	12 000
Financial Costs	469 000	416 000	486 000	564 000
Financial Balance	−451 000	−416 000	−482 000	−552 000
Dividends	0	0	0	0
Net Income	1 804 000	521 000	335 000	562 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	24 483 000	24 950 000	24 167 000	16 984 000
Total Fiancial Fixed Assets	5 247 000	0	0	0
Total Fixed Assets	29 730 000	24 950 000	24 167 000	16 984 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	560 000	488 000	1 201 000	1 436 000
Total Current Assets	1 003 000	649 000	3 259 000	3 838 000
Total Assets	30 733 000	25 599 000	27 426 000	20 822 000
Total Equity	6 985 000	5 181 000	4 659 000	4 325 000
Short-Term Group Debt	0	0	11 112 000	3 372 000
Total Long-Term Debt	21 848 000	20 344 000	11 625 000	13 125 000
Creditors	1 803 000	14 000	15 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	97 000	61 000	15 000	0
Total Current Debt	1 900 000	75 000	11 141 000	3 372 000
Total Equity and Debt	30 733 000	25 599 000	27 426 000	20 822 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,83 %	10,06 %	7,19 %	12,99 %
Debt-to-Equity Ratio	3,13	3,93	2,5	3,03
Operating Profit Margin	80,96 %	51,12 %	53,33 %	44,9 %
Current Ratio	0,53	8,65	0,29	1,14
Quick Ratio	0,53	8,65	0,29	1,14
Equity Ratio	0,23	0,2	0,17	0,21
Gross Profit Margin	100 %	100 %	100 %	99,88 %