FRIGSTAD ENGINEERING (NORWAY) AS

4611 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

−378,29 %

Current Ratio

1,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 156 000	795 000	3 225 000	7 615 000
Net Income	−3 450 000	−3 588 000	−3 269 000	−3 702 000
Total Assets	2 084 000	2 808 000	3 595 000	7 460 000
Total Equity	912 000	1 937 000	2 964 000	4 610 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 156 000	795 000	3 225 000	7 615 000
Expenditure	4 607 000	4 377 000	6 451 000	11 367 000
Operating Profit	−3 451 000	−3 583 000	−3 226 000	−3 752 000
Financial Income	0	2 000	1 000	50 000
Financial Costs	−1 000	7 000	45 000	0
Financial Balance	1 000	−5 000	−44 000	50 000
Earnings Before Tax	−3 450 000	−3 588 000	−3 269 000	−3 702 000
Tax	0	0	0	0
Net Income	−3 450 000	−3 588 000	−3 269 000	−3 702 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	523 000	1 139 000	1 491 000	1 866 000
Total Current Assets	1 561 000	1 668 000	2 104 000	5 594 000
Total Assets	2 084 000	2 808 000	3 595 000	7 460 000
Total Retained Equity	0	0	0	−6 219 000
Total Equity	912 000	1 937 000	2 964 000	4 610 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 172 000	871 000	631 000	2 850 000
Total Equity and Debt	2 084 000	2 808 000	3 595 000	7 460 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	146 000	324 000	2 931 000	7 025 000
Other Income	1 010 000	471 000	294 000	590 000
Revenue	1 156 000	795 000	3 225 000	7 615 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 267 000	1 533 000	3 464 000	6 588 000
Depreciation	619 000	351 000	375 000	659 000
Impairment	0	0	0	0
Expenditure	4 607 000	4 377 000	6 451 000	11 367 000
Operating Profit	−3 451 000	−3 583 000	−3 226 000	−3 752 000
Financial Income	0	2 000	1 000	50 000
Financial Costs	−1 000	7 000	45 000	0
Financial Balance	1 000	−5 000	−44 000	50 000
Dividends	0	0	0	0
Net Income	−3 450 000	−3 588 000	−3 269 000	−3 702 000

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	520 000	1 139 000	1 491 000	1 866 000
Total Tangible Assets	520 000	1 139 000	1 491 000	1 866 000
Total Fiancial Fixed Assets	2 000	0	0	0
Total Fixed Assets	523 000	1 139 000	1 491 000	1 866 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	788 000	502 000	995 000	550 000
Total Current Assets	1 561 000	1 668 000	2 104 000	5 594 000
Total Assets	2 084 000	2 808 000	3 595 000	7 460 000
Total Equity	912 000	1 937 000	2 964 000	4 610 000
Short-Term Group Debt	19 000	549 000	51 000	2 030 000
Total Long-Term Debt	0	0	0	0
Creditors	858 000	65 000	22 000	49 000
Unpaid Taxes	90 000	62 000	208 000	322 000
Dividends	0	0	0	0
Other Current Debt	205 000	195 000	350 000	448 000
Total Current Debt	1 172 000	871 000	631 000	2 850 000
Total Equity and Debt	2 084 000	2 808 000	3 595 000	7 460 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−378,29 %	−185,23 %	−110,29 %	−80,3 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−298,53 %	−450,69 %	−100,03 %	−49,27 %
Current Ratio	1,33	1,92	3,33	1,96
Quick Ratio	1,33	1,92	3,33	1,96
Equity Ratio	0,44	0,69	0,82	0,62
Gross Profit Margin	100 %	100 %	100 %	100 %