FAREST AS

5420 RUBBESTADNESET

Finances

Share Ownership

Return on Equity

−7,86 %

Current Ratio

7,12

Debt-to-Equity Ratio

1,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	316 000	256 000	226 000	245 000
Net Income	−77 000	−47 000	−38 000	−72 000
Total Assets	2 854 000	2 968 000	2 983 000	2 988 000
Total Equity	980 000	1 057 000	1 105 000	1 143 000

Income (NOK)	2022	2021	2020	2019
Revenue	316 000	256 000	226 000	245 000
Expenditure	348 000	289 000	250 000	290 000
Operating Profit	−33 000	−33 000	−23 000	−45 000
Financial Income	2 000	1 000	1 000	0
Financial Costs	71 000	31 000	29 000	48 000
Financial Balance	−69 000	−30 000	−28 000	−48 000
Earnings Before Tax	−103 000	−63 000	−51 000	−93 000
Tax	−26 000	−15 000	−13 000	−21 000
Net Income	−77 000	−47 000	−38 000	−72 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 484 000	2 599 000	2 714 000	2 837 000
Total Current Assets	370 000	369 000	270 000	151 000
Total Assets	2 854 000	2 968 000	2 983 000	2 988 000
Total Retained Equity	880 000	957 000	1 005 000	1 043 000
Total Equity	980 000	1 057 000	1 105 000	1 143 000
Total Long-Term Debt	1 822 000	1 863 000	1 832 000	1 814 000
Total Current Debt	52 000	48 000	47 000	32 000
Total Equity and Debt	2 854 000	2 968 000	2 983 000	2 988 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	221 000	174 000	190 000	142 000
Other Income	95 000	83 000	36 000	104 000
Revenue	316 000	256 000	226 000	245 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 000	4 000	0	0
Depreciation	115 000	115 000	124 000	131 000
Impairment	0	0	0	0
Expenditure	348 000	289 000	250 000	290 000
Operating Profit	−33 000	−33 000	−23 000	−45 000
Financial Income	2 000	1 000	1 000	0
Financial Costs	71 000	31 000	29 000	48 000
Financial Balance	−69 000	−30 000	−28 000	−48 000
Dividends	0	0	0	0
Net Income	−77 000	−47 000	−38 000	−72 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 484 000	2 599 000	2 714 000	2 837 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 484 000	2 599 000	2 714 000	2 837 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 484 000	2 599 000	2 714 000	2 837 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	330 000	365 000	261 000	114 000
Total Current Assets	370 000	369 000	270 000	151 000
Total Assets	2 854 000	2 968 000	2 983 000	2 988 000
Total Equity	980 000	1 057 000	1 105 000	1 143 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 822 000	1 863 000	1 832 000	1 814 000
Creditors	0	0	0	0
Unpaid Taxes	0	18 000	22 000	9 000
Dividends	0	0	0	0
Other Current Debt	51 000	30 000	25 000	23 000
Total Current Debt	52 000	48 000	47 000	32 000
Total Equity and Debt	2 854 000	2 968 000	2 983 000	2 988 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,86 %	−4,45 %	−3,44 %	−6,3 %
Debt-to-Equity Ratio	1,86	1,76	1,66	1,59
Operating Profit Margin	−10,44 %	−12,89 %	−10,18 %	−18,37 %
Current Ratio	7,12	7,69	5,74	4,72
Quick Ratio	7,12	7,69	5,74	4,72
Equity Ratio	0,34	0,36	0,37	0,38
Gross Profit Margin	100 %	100 %	100 %	100 %