FRISIKT ØKONOMI VEST AS

2821 GJØVIK

Finances

Return on Equity

−32,66 %

Current Ratio

1,11

Debt-to-Equity Ratio

4,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	88 738 000	77 120 000	49 399 000	46 550 000
Net Income	−1 430 000	−540 000	3 237 000	1 047 000
Total Assets	51 754 000	40 338 000	45 645 000	21 933 000
Total Equity	4 379 000	4 249 000	6 671 000	6 228 000

Income (NOK)	2022	2021	2020	2019
Revenue	88 738 000	77 120 000	49 399 000	46 550 000
Expenditure	91 118 000	76 741 000	45 949 000	45 459 000
Operating Profit	−2 380 000	378 000	3 451 000	1 090 000
Financial Income	1 638 000	265 000	941 000	277 000
Financial Costs	1 027 000	845 000	256 000	26 000
Financial Balance	611 000	−580 000	685 000	251 000
Earnings Before Tax	−1 769 000	−202 000	4 136 000	1 341 000
Tax	−338 000	338 000	899 000	295 000
Net Income	−1 430 000	−540 000	3 237 000	1 047 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 216 000	19 327 000	20 822 000	878 000
Total Current Assets	31 538 000	21 012 000	24 823 000	21 054 000
Total Assets	51 754 000	40 338 000	45 645 000	21 933 000
Total Retained Equity	−1 849 000	−418 000	2 004 000	1 560 000
Total Equity	4 379 000	4 249 000	6 671 000	6 228 000
Total Long-Term Debt	18 947 000	19 142 000	19 226 000	0
Total Current Debt	28 429 000	16 947 000	19 748 000	15 705 000
Total Equity and Debt	51 754 000	40 338 000	45 645 000	21 933 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	88 459 000	76 872 000	49 154 000	46 292 000
Other Income	279 000	248 000	246 000	257 000
Revenue	88 738 000	77 120 000	49 399 000	46 550 000
Cost of Goods Sold	4 336 000	2 195 000	1 994 000	550 000
Salary Costs	65 467 000	56 952 000	33 483 000	33 339 000
Depreciation	2 940 000	2 389 000	690 000	704 000
Impairment	0	0	0	0
Expenditure	91 118 000	76 741 000	45 949 000	45 459 000
Operating Profit	−2 380 000	378 000	3 451 000	1 090 000
Financial Income	1 638 000	265 000	941 000	277 000
Financial Costs	1 027 000	845 000	256 000	26 000
Financial Balance	611 000	−580 000	685 000	251 000
Dividends	0	0	2 058 000	6 023 000
Net Income	−1 430 000	−540 000	3 237 000	1 047 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	19 139 000	17 156 000	675 000	25 000
Total Intangible Assets	19 211 000	17 329 000	814 000	433 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	14 000	14 000	37 000
Fixtures	949 000	820 000	315 000	382 000
Total Tangible Assets	949 000	834 000	329 000	419 000
Total Fiancial Fixed Assets	56 000	1 163 000	19 679 000	26 000
Total Fixed Assets	20 216 000	19 327 000	20 822 000	878 000
Stock	0	0	0	0
Total Investments	2 609 000	0	0	0
Cash, Bank	3 524 000	2 462 000	1 260 000	1 280 000
Total Current Assets	31 538 000	21 012 000	24 823 000	21 054 000
Total Assets	51 754 000	40 338 000	45 645 000	21 933 000
Total Equity	4 379 000	4 249 000	6 671 000	6 228 000
Short-Term Group Debt	8 399 000	0	8 470 000	1 205 000
Total Long-Term Debt	18 947 000	19 142 000	19 226 000	0
Creditors	3 408 000	2 241 000	976 000	1 096 000
Unpaid Taxes	7 652 000	7 048 000	3 314 000	3 550 000
Dividends	0	0	2 058 000	6 023 000
Other Current Debt	8 970 000	7 504 000	4 199 000	3 831 000
Total Current Debt	28 429 000	16 947 000	19 748 000	15 705 000
Total Equity and Debt	51 754 000	40 338 000	45 645 000	21 933 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−32,66 %	−12,71 %	48,52 %	16,81 %
Debt-to-Equity Ratio	4,33	4,51	2,88	0
Operating Profit Margin	−2,68 %	0,49 %	6,99 %	2,34 %
Current Ratio	1,11	1,24	1,26	1,34
Quick Ratio	1,11	1,24	1,26	1,34
Equity Ratio	0,08	0,11	0,15	0,28
Gross Profit Margin	95,11 %	97,15 %	95,96 %	98,82 %