FROST SPITSBERGEN AS

9170 LONGYEARBYEN

Finances

Share Ownership

Return on Equity

42,32 %

Current Ratio

5,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 180 000	4 423 000	3 519 000	3 514 000
Net Income	694 000	535 000	47 000	−51 000
Total Assets	2 041 000	1 308 000	948 000	1 099 000
Total Equity	1 640 000	946 000	411 000	364 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 180 000	4 423 000	3 519 000	3 514 000
Expenditure	4 340 000	3 854 000	3 421 000	3 520 000
Operating Profit	840 000	569 000	97 000	−6 000
Financial Income	0	1 000	1 000	1 000
Financial Costs	19 000	35 000	51 000	46 000
Financial Balance	−19 000	−34 000	−50 000	−45 000
Earnings Before Tax	821 000	535 000	47 000	−51 000
Tax	127 000	0	0	0
Net Income	694 000	535 000	47 000	−51 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	2 041 000	1 308 000	948 000	1 099 000
Total Assets	2 041 000	1 308 000	948 000	1 099 000
Total Retained Equity	890 000	196 000	−339 000	−386 000
Total Equity	1 640 000	946 000	411 000	364 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	401 000	362 000	538 000	735 000
Total Equity and Debt	2 041 000	1 308 000	948 000	1 099 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 180 000	4 423 000	3 478 000	3 509 000
Other Income	0	0	41 000	5 000
Revenue	5 180 000	4 423 000	3 519 000	3 514 000
Cost of Goods Sold	2 544 000	2 405 000	2 171 000	1 951 000
Salary Costs	924 000	698 000	607 000	784 000
Depreciation	0	0	0	4 000
Impairment	0	0	0	0
Expenditure	4 340 000	3 854 000	3 421 000	3 520 000
Operating Profit	840 000	569 000	97 000	−6 000
Financial Income	0	1 000	1 000	1 000
Financial Costs	19 000	35 000	51 000	46 000
Financial Balance	−19 000	−34 000	−50 000	−45 000
Dividends	0	0	0	0
Net Income	694 000	535 000	47 000	−51 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	1 126 000	986 000	688 000	889 000
Total Investments	0	0	0	0
Cash, Bank	778 000	219 000	213 000	206 000
Total Current Assets	2 041 000	1 308 000	948 000	1 099 000
Total Assets	2 041 000	1 308 000	948 000	1 099 000
Total Equity	1 640 000	946 000	411 000	364 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	155 000	79 000	38 000	86 000
Unpaid Taxes	23 000	21 000	14 000	15 000
Dividends	0	0	0	0
Other Current Debt	97 000	87 000	60 000	135 000
Total Current Debt	401 000	362 000	538 000	735 000
Total Equity and Debt	2 041 000	1 308 000	948 000	1 099 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,32 %	56,55 %	11,44 %	−14,01 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	16,22 %	12,86 %	2,76 %	−0,17 %
Current Ratio	5,09	3,61	1,76	1,5
Quick Ratio	−2,82	−2,1	−6,32	−7,14
Equity Ratio	0,8	0,72	0,43	0,33
Gross Profit Margin	50,89 %	45,63 %	38,31 %	44,48 %