FRENDE SKADEFORSIKRING AS

5011 BERGEN

Finances

Return on Equity

26,23 %

Current Ratio

Debt-to-Equity Ratio

1,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 294 343 000	2 120 979 000	2 076 617 000	2 024 093 000
Net Income	369 116 000	453 682 000	307 127 000	214 813 000
Total Assets	4 939 283 000	5 061 531 000	4 671 142 000	4 371 837 000
Total Equity	1 407 320 000	1 428 017 000	1 369 930 000	1 369 802 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 294 343 000	2 120 979 000	2 076 617 000	2 024 093 000
Expenditure	0	0	0	0
Operating Profit	606 090 000	350 587 000	249 651 000	76 703 000
Financial Income	−95 476 000	229 181 000	140 152 000	187 997 000
Financial Costs	−750 000	0	0	0
Financial Balance	−94 726 000	229 181 000	140 152 000	187 997 000
Earnings Before Tax	511 364 000	580 051 000	390 025 000	263 307 000
Tax	143 095 000	126 589 000	82 860 000	48 806 000
Net Income	369 116 000	453 682 000	307 127 000	214 813 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 173 512 000	848 099 000	698 027 000	608 541 000
Total Current Assets	3 737 216 000	4 185 575 000	3 950 709 000	3 738 801 000
Total Assets	4 939 283 000	5 061 531 000	4 671 142 000	4 371 837 000
Total Retained Equity	707 320 000	728 017 000	669 930 000	669 802 000
Total Equity	1 407 320 000	1 428 017 000	1 369 930 000	1 369 802 000
Total Long-Term Debt	2 783 904 000	2 937 229 000	2 725 468 000	2 721 886 000
Total Current Debt	748 059 000	696 286 000	575 742 000	280 149 000
Total Equity and Debt	4 939 283 000	5 061 532 000	4 671 140 000	4 371 837 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 294 343 000	2 120 979 000	2 076 617 000	2 024 093 000
Other Income	0	0	0	0
Revenue	2 294 343 000	2 120 979 000	2 076 617 000	2 024 093 000
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	0	0	0	0
Operating Profit	606 090 000	350 587 000	249 651 000	76 703 000
Financial Income	−95 476 000	229 181 000	140 152 000	187 997 000
Financial Costs	−750 000	0	0	0
Financial Balance	−94 726 000	229 181 000	140 152 000	187 997 000
Dividends	0	0	0	0
Net Income	369 116 000	453 682 000	307 127 000	214 813 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	28 555 000	27 857 000	22 406 000	24 495 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 139 000	9 545 000	9 538 000	9 861 000
Total Tangible Assets	9 761 000	9 545 000	9 538 000	9 861 000
Total Fiancial Fixed Assets	1 163 751 000	838 554 000	688 489 000	598 680 000
Total Fixed Assets	1 173 512 000	848 099 000	698 027 000	608 541 000
Stock	0	0	0	0
Total Investments	2 814 379 000	3 342 123 000	3 116 130 000	2 876 714 000
Cash, Bank	0	0	0	0
Total Current Assets	3 737 216 000	4 185 575 000	3 950 709 000	3 738 801 000
Total Assets	4 939 283 000	5 061 531 000	4 671 142 000	4 371 837 000
Total Equity	1 407 320 000	1 428 017 000	1 369 930 000	1 369 802 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 783 904 000	2 937 229 000	2 725 468 000	2 721 886 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	748 059 000	696 286 000	575 742 000	280 149 000
Total Current Debt	748 059 000	696 286 000	575 742 000	280 149 000
Total Equity and Debt	4 939 283 000	5 061 532 000	4 671 140 000	4 371 837 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,23 %	31,77 %	22,42 %	15,68 %
Debt-to-Equity Ratio	1,98	2,06	1,99	1,99
Operating Profit Margin	26,42 %	16,53 %	12,02 %	3,79 %
Current Ratio	5	6,01	6,86	13,35
Quick Ratio	5	6,01	6,86	13,35
Equity Ratio	0,28	0,28	0,29	0,31
Gross Profit Margin	100 %	100 %	100 %	100 %