FRETHEIM INVEST AS

5011 BERGEN

Finances

Return on Equity

11,23 %

Current Ratio

14,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	632 000	356 000	138 000	173 000
Net Income	602 000	−394 000	−789 000	5 148 000
Total Assets	5 534 000	6 169 000	6 244 000	7 124 000
Total Equity	5 361 000	4 760 000	6 153 000	7 042 000

Income (NOK)	2022	2021	2020	2019
Revenue	632 000	356 000	138 000	173 000
Expenditure	612 000	564 000	296 000	289 000
Operating Profit	20 000	−207 000	−159 000	−116 000
Financial Income	661 000	160 000	223 000	5 277 000
Financial Costs	61 000	346 000	839 000	0
Financial Balance	600 000	−186 000	−616 000	5 277 000
Earnings Before Tax	620 000	−394 000	−775 000	5 161 000
Tax	19 000	0	14 000	13 000
Net Income	602 000	−394 000	−789 000	5 148 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 030 000	3 602 000	4 309 000	5 350 000
Total Current Assets	2 504 000	2 567 000	1 935 000	1 775 000
Total Assets	5 534 000	6 169 000	6 244 000	7 124 000
Total Retained Equity	5 261 000	4 660 000	6 053 000	6 942 000
Total Equity	5 361 000	4 760 000	6 153 000	7 042 000
Total Long-Term Debt	0	0	0	1 000
Total Current Debt	173 000	1 409 000	90 000	81 000
Total Equity and Debt	5 534 000	6 169 000	6 244 000	7 124 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	632 000	356 000	138 000	173 000
Other Income	0	0	0	0
Revenue	632 000	356 000	138 000	173 000
Cost of Goods Sold	0	0	0	0
Salary Costs	538 000	508 000	242 000	244 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	612 000	564 000	296 000	289 000
Operating Profit	20 000	−207 000	−159 000	−116 000
Financial Income	661 000	160 000	223 000	5 277 000
Financial Costs	61 000	346 000	839 000	0
Financial Balance	600 000	−186 000	−616 000	5 277 000
Dividends	0	1 000 000	100 000	250 000
Net Income	602 000	−394 000	−789 000	5 148 000

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	0	0	0	0
Total Fiancial Fixed Assets	3 030 000	3 602 000	4 309 000	5 350 000
Total Fixed Assets	3 030 000	3 602 000	4 309 000	5 350 000
Stock	0	0	0	0
Total Investments	2 000	1 000	1 000	1 000
Cash, Bank	1 748 000	2 282 000	1 654 000	1 335 000
Total Current Assets	2 504 000	2 567 000	1 935 000	1 775 000
Total Assets	5 534 000	6 169 000	6 244 000	7 124 000
Total Equity	5 361 000	4 760 000	6 153 000	7 042 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 000
Creditors	3 000	270 000	10 000	6 000
Unpaid Taxes	85 000	58 000	17 000	9 000
Dividends	0	1 000 000	100 000	250 000
Other Current Debt	66 000	1 081 000	49 000	53 000
Total Current Debt	173 000	1 409 000	90 000	81 000
Total Equity and Debt	5 534 000	6 169 000	6 244 000	7 124 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,23 %	−8,28 %	−12,82 %	73,1 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,16 %	−58,15 %	−115,22 %	−67,05 %
Current Ratio	14,47	1,82	21,5	21,91
Quick Ratio	14,47	1,82	21,5	21,91
Equity Ratio	0,97	0,77	0,99	0,99
Gross Profit Margin	100 %	100 %	100 %	100 %