FREEUP AS

1555 SON

Finances

Return on Equity

7,18 %

Current Ratio

2,08

Debt-to-Equity Ratio

1,91

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 978 000	1 468 000	1 936 000	1 989 000
Net Income	28 000	−18 000	195 000	240 000
Total Assets	1 501 000	1 070 000	1 350 000	1 332 000
Total Equity	390 000	447 000	565 000	470 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 978 000	1 468 000	1 936 000	1 989 000
Expenditure	1 919 000	1 483 000	1 683 000	1 743 000
Operating Profit	59 000	−15 000	254 000	246 000
Financial Income	0	0	0	0
Financial Costs	29 000	4 000	4 000	5 000
Financial Balance	−29 000	−4 000	−4 000	−5 000
Earnings Before Tax	31 000	−18 000	250 000	241 000
Tax	3 000	0	55 000	1 000
Net Income	28 000	−18 000	195 000	240 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	740 000	316 000	323 000	403 000
Total Current Assets	761 000	754 000	1 027 000	929 000
Total Assets	1 501 000	1 070 000	1 350 000	1 332 000
Total Retained Equity	283 000	340 000	458 000	363 000
Total Equity	390 000	447 000	565 000	470 000
Total Long-Term Debt	746 000	301 000	380 000	459 000
Total Current Debt	366 000	322 000	404 000	403 000
Total Equity and Debt	1 501 000	1 070 000	1 350 000	1 332 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 916 000	1 468 000	1 936 000	1 989 000
Other Income	62 000	0	0	0
Revenue	1 978 000	1 468 000	1 936 000	1 989 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 631 000	1 368 000	1 559 000	1 610 000
Depreciation	158 000	65 000	81 000	101 000
Impairment	0	0	0	0
Expenditure	1 919 000	1 483 000	1 683 000	1 743 000
Operating Profit	59 000	−15 000	254 000	246 000
Financial Income	0	0	0	0
Financial Costs	29 000	4 000	4 000	5 000
Financial Balance	−29 000	−4 000	−4 000	−5 000
Dividends	85 000	100 000	100 000	100 000
Net Income	28 000	−18 000	195 000	240 000

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	631 000	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	631 000	258 000	323 000	403 000
Total Fiancial Fixed Assets	109 000	58 000	0	0
Total Fixed Assets	740 000	316 000	323 000	403 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	587 000	395 000	536 000	402 000
Total Current Assets	761 000	754 000	1 027 000	929 000
Total Assets	1 501 000	1 070 000	1 350 000	1 332 000
Total Equity	390 000	447 000	565 000	470 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	746 000	301 000	380 000	459 000
Creditors	0	0	0	0
Unpaid Taxes	224 000	212 000	191 000	252 000
Dividends	85 000	100 000	100 000	100 000
Other Current Debt	139 000	110 000	158 000	150 000
Total Current Debt	366 000	322 000	404 000	403 000
Total Equity and Debt	1 501 000	1 070 000	1 350 000	1 332 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,18 %	−4,03 %	34,51 %	51,06 %
Debt-to-Equity Ratio	1,91	0,67	0,67	0,98
Operating Profit Margin	2,98 %	−1,02 %	13,12 %	12,37 %
Current Ratio	2,08	2,34	2,54	2,31
Quick Ratio	2,08	2,34	2,54	2,31
Equity Ratio	0,26	0,42	0,42	0,35
Gross Profit Margin	100 %	100 %	100 %	100 %