FINNESTAD UTVIKLING AS

1880 EIDSBERG

Finances

Share Ownership

Return on Equity

−0,16 %

Current Ratio

0,65

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	42 000	7 085 000	6 463 000	7 966 000
Net Income	−20 000	1 468 000	1 265 000	1 706 000
Total Assets	14 525 000	15 371 000	14 018 000	13 349 000
Total Equity	12 314 000	12 333 000	11 094 000	9 828 000

Income (NOK)	2022	2021	2020	2019
Revenue	42 000	7 085 000	6 463 000	7 966 000
Expenditure	394 000	5 346 000	5 026 000	5 973 000
Operating Profit	−353 000	1 739 000	1 437 000	1 993 000
Financial Income	366 000	284 000	194 000	208 000
Financial Costs	33 000	10 000	9 000	13 000
Financial Balance	333 000	274 000	185 000	195 000
Earnings Before Tax	−20 000	2 013 000	1 622 000	2 187 000
Tax	0	545 000	357 000	481 000
Net Income	−20 000	1 468 000	1 265 000	1 706 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 232 000	12 518 000	2 017 000	1 341 000
Total Current Assets	293 000	2 853 000	12 000 000	12 008 000
Total Assets	14 525 000	15 371 000	14 018 000	13 349 000
Total Retained Equity	12 224 000	12 244 000	10 990 000	9 725 000
Total Equity	12 314 000	12 333 000	11 094 000	9 828 000
Total Long-Term Debt	1 759 000	1 978 000	1 811 000	2 408 000
Total Current Debt	452 000	1 059 000	1 113 000	1 113 000
Total Equity and Debt	14 525 000	15 371 000	14 018 000	13 349 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	42 000	5 736 000	5 880 000	7 966 000
Other Income	0	1 349 000	584 000	0
Revenue	42 000	7 085 000	6 463 000	7 966 000
Cost of Goods Sold	25 000	4 072 000	3 868 000	4 673 000
Salary Costs	165 000	703 000	685 000	757 000
Depreciation	22 000	20 000	38 000	32 000
Impairment	0	0	0	0
Expenditure	394 000	5 346 000	5 026 000	5 973 000
Operating Profit	−353 000	1 739 000	1 437 000	1 993 000
Financial Income	366 000	284 000	194 000	208 000
Financial Costs	33 000	10 000	9 000	13 000
Financial Balance	333 000	274 000	185 000	195 000
Dividends	0	0	0	0
Net Income	−20 000	1 468 000	1 265 000	1 706 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	90 000	82 000
Real Eastate	44 000	44 000	250 000	339 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	54 000	76 000	47 000	84 000
Total Tangible Assets	97 000	119 000	296 000	423 000
Total Fiancial Fixed Assets	14 135 000	12 398 000	1 631 000	836 000
Total Fixed Assets	14 232 000	12 518 000	2 017 000	1 341 000
Stock	0	0	210 000	210 000
Total Investments	0	0	0	0
Cash, Bank	279 000	298 000	11 407 000	10 531 000
Total Current Assets	293 000	2 853 000	12 000 000	12 008 000
Total Assets	14 525 000	15 371 000	14 018 000	13 349 000
Total Equity	12 314 000	12 333 000	11 094 000	9 828 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 759 000	1 978 000	1 811 000	2 408 000
Creditors	1 000	76 000	281 000	168 000
Unpaid Taxes	5 000	35 000	40 000	62 000
Dividends	0	0	0	0
Other Current Debt	447 000	492 000	426 000	417 000
Total Current Debt	452 000	1 059 000	1 113 000	1 113 000
Total Equity and Debt	14 525 000	15 371 000	14 018 000	13 349 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,16 %	11,9 %	11,4 %	17,36 %
Debt-to-Equity Ratio	0,14	0,16	0,16	0,25
Operating Profit Margin	−840,48 %	24,54 %	22,23 %	25,02 %
Current Ratio	0,65	2,69	10,78	10,79
Quick Ratio	0,65	2,69	13,29	13,3
Equity Ratio	0,85	0,8	0,79	0,74
Gross Profit Margin	40,48 %	42,53 %	40,15 %	41,34 %