FORTYTWO TECHNOLOGIES AS

5059 BERGEN

Finances

Return on Equity

−3 543,09 %

Current Ratio

0,82

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	67 484 000	74 768 000	92 287 000	102 619 000
Net Income	−8 716 000	172 000	−4 128 000	−4 894 000
Total Assets	19 559 000	33 775 000	25 614 000	29 344 000
Total Equity	246 000	8 120 000	10 136 000	14 263 000

Income (NOK)	2022	2021	2020	2019
Revenue	67 484 000	74 768 000	92 287 000	102 619 000
Expenditure	78 758 000	79 700 000	97 254 000	108 314 000
Operating Profit	−11 274 000	−4 931 000	−4 967 000	−5 695 000
Financial Income	153 000	4 572 000	360 000	223 000
Financial Costs	52 000	25 000	105 000	137 000
Financial Balance	101 000	4 547 000	255 000	86 000
Earnings Before Tax	−11 174 000	−385 000	−4 712 000	−5 610 000
Tax	−2 458 000	−557 000	−585 000	−715 000
Net Income	−8 716 000	172 000	−4 128 000	−4 894 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 792 000	550 000	7 721 000	9 776 000
Total Current Assets	15 767 000	33 225 000	17 894 000	19 567 000
Total Assets	19 559 000	33 775 000	25 614 000	29 344 000
Total Retained Equity	0	172 000	0	−7 842 000
Total Equity	246 000	8 120 000	10 136 000	14 263 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	19 313 000	25 655 000	15 478 000	15 080 000
Total Equity and Debt	19 559 000	33 775 000	25 614 000	29 344 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	67 484 000	74 768 000	92 287 000	102 619 000
Other Income	0	0	0	0
Revenue	67 484 000	74 768 000	92 287 000	102 619 000
Cost of Goods Sold	37 251 000	46 565 000	48 138 000	55 077 000
Salary Costs	33 952 000	25 011 000	37 483 000	39 218 000
Depreciation	390 000	2 766 000	3 450 000	4 258 000
Impairment	0	0	0	0
Expenditure	78 758 000	79 700 000	97 254 000	108 314 000
Operating Profit	−11 274 000	−4 931 000	−4 967 000	−5 695 000
Financial Income	153 000	4 572 000	360 000	223 000
Financial Costs	52 000	25 000	105 000	137 000
Financial Balance	101 000	4 547 000	255 000	86 000
Dividends	0	0	0	0
Net Income	−8 716 000	172 000	−4 128 000	−4 894 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	2 350 000	4 699 000
Total Intangible Assets	2 587 000	129 000	6 434 000	8 199 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 205 000	421 000	1 122 000	1 413 000
Total Tangible Assets	1 205 000	421 000	1 122 000	1 413 000
Total Fiancial Fixed Assets	0	0	165 000	165 000
Total Fixed Assets	3 792 000	550 000	7 721 000	9 776 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 513 000	1 501 000	1 403 000	1 204 000
Total Current Assets	15 767 000	33 225 000	17 894 000	19 567 000
Total Assets	19 559 000	33 775 000	25 614 000	29 344 000
Total Equity	246 000	8 120 000	10 136 000	14 263 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 540 000	4 126 000	5 952 000	5 838 000
Unpaid Taxes	3 870 000	3 512 000	4 623 000	3 812 000
Dividends	0	0	0	0
Other Current Debt	11 903 000	18 017 000	4 903 000	5 430 000
Total Current Debt	19 313 000	25 655 000	15 478 000	15 080 000
Total Equity and Debt	19 559 000	33 775 000	25 614 000	29 344 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3 543,09 %	2,12 %	−40,73 %	−34,31 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−16,71 %	−6,6 %	−5,38 %	−5,55 %
Current Ratio	0,82	1,3	1,16	1,3
Quick Ratio	0,82	1,3	1,16	1,3
Equity Ratio	0,01	0,24	0,4	0,49
Gross Profit Margin	44,8 %	37,72 %	47,84 %	46,33 %