FORESTNORD AS

1352 KOLSÅS

Finances

Share Ownership

Return on Equity

38,87 %

Current Ratio

1,54

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 635 000	10 016 000	10 037 000	9 346 000
Net Income	440 000	−537 000	371 000	−26 000
Total Assets	2 509 000	1 775 000	1 873 000	1 432 000
Total Equity	1 132 000	692 000	1 229 000	858 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 635 000	10 016 000	10 037 000	9 346 000
Expenditure	14 195 000	10 552 000	9 572 000	9 371 000
Operating Profit	440 000	−536 000	466 000	−25 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	1 000
Financial Balance	0	−1 000	0	−1 000
Earnings Before Tax	440 000	−537 000	466 000	−26 000
Tax	0	0	94 000	0
Net Income	440 000	−537 000	371 000	−26 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	393 000	96 000	124 000	155 000
Total Current Assets	2 115 000	1 679 000	1 748 000	1 277 000
Total Assets	2 509 000	1 775 000	1 873 000	1 432 000
Total Retained Equity	1 022 000	582 000	1 119 000	748 000
Total Equity	1 132 000	692 000	1 229 000	858 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 377 000	1 083 000	644 000	574 000
Total Equity and Debt	2 509 000	1 775 000	1 873 000	1 432 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 635 000	10 016 000	10 037 000	9 346 000
Other Income	0	0	0	0
Revenue	14 635 000	10 016 000	10 037 000	9 346 000
Cost of Goods Sold	5 917 000	4 332 000	4 593 000	3 511 000
Salary Costs	1 875 000	2 168 000	1 269 000	1 748 000
Depreciation	83 000	28 000	31 000	31 000
Impairment	0	0	0	0
Expenditure	14 195 000	10 552 000	9 572 000	9 371 000
Operating Profit	440 000	−536 000	466 000	−25 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	1 000
Financial Balance	0	−1 000	0	−1 000
Dividends	0	0	0	0
Net Income	440 000	−537 000	371 000	−26 000

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	359 000	44 000	55 000	69 000
Fixtures	34 000	52 000	69 000	86 000
Total Tangible Assets	393 000	96 000	124 000	155 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	393 000	96 000	124 000	155 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 161 000	732 000	321 000	477 000
Total Current Assets	2 115 000	1 679 000	1 748 000	1 277 000
Total Assets	2 509 000	1 775 000	1 873 000	1 432 000
Total Equity	1 132 000	692 000	1 229 000	858 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	743 000	390 000	74 000	66 000
Unpaid Taxes	282 000	318 000	204 000	184 000
Dividends	0	0	0	0
Other Current Debt	352 000	374 000	271 000	325 000
Total Current Debt	1 377 000	1 083 000	644 000	574 000
Total Equity and Debt	2 509 000	1 775 000	1 873 000	1 432 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,87 %	−77,6 %	30,19 %	−3,03 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,01 %	−5,35 %	4,64 %	−0,27 %
Current Ratio	1,54	1,55	2,71	2,22
Quick Ratio	1,54	1,55	2,71	2,22
Equity Ratio	0,45	0,39	0,66	0,6
Gross Profit Margin	59,57 %	56,75 %	54,24 %	62,43 %