FREMSKRIDT LAKS AS

5430 BREMNES

Finances

Return on Equity

39,11 %

Current Ratio

6,79

Debt-to-Equity Ratio

0,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	170 321 000	112 254 000	108 471 000	120 244 000
Net Income	45 576 000	11 711 000	6 820 000	26 805 000
Total Assets	215 776 000	197 793 000	183 165 000	191 135 000
Total Equity	116 528 000	120 952 000	139 241 000	132 420 000

Income (NOK)	2022	2021	2020	2019
Revenue	170 321 000	112 254 000	108 471 000	120 244 000
Expenditure	129 334 000	96 857 000	106 647 000	84 427 000
Operating Profit	58 997 000	15 890 000	8 758 000	35 817 000
Financial Income	992 000	297 000	1 105 000	1 428 000
Financial Costs	1 542 000	1 111 000	1 341 000	1 335 000
Financial Balance	−550 000	−814 000	−236 000	93 000
Earnings Before Tax	58 447 000	15 075 000	8 521 000	35 911 000
Tax	12 871 000	3 364 000	1 701 000	9 106 000
Net Income	45 576 000	11 711 000	6 820 000	26 805 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	104 524 000	109 551 000	104 951 000	100 633 000
Total Current Assets	111 252 000	88 241 000	78 214 000	90 502 000
Total Assets	215 776 000	197 793 000	183 165 000	191 135 000
Total Retained Equity	112 828 000	117 252 000	135 541 000	128 720 000
Total Equity	116 528 000	120 952 000	139 241 000	132 420 000
Total Long-Term Debt	82 859 000	64 712 000	39 673 000	47 994 000
Total Current Debt	16 390 000	12 128 000	4 250 000	10 720 000
Total Equity and Debt	215 776 000	197 793 000	183 165 000	191 135 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	170 239 000	110 071 000	104 803 000	119 546 000
Other Income	82 000	2 183 000	3 669 000	698 000
Revenue	170 321 000	112 254 000	108 471 000	120 244 000
Cost of Goods Sold	105 702 000	77 297 000	88 007 000	59 275 000
Salary Costs	10 370 000	9 359 000	8 429 000	10 463 000
Depreciation	5 186 000	4 041 000	3 687 000	3 524 000
Impairment	0	0	0	0
Expenditure	129 334 000	96 857 000	106 647 000	84 427 000
Operating Profit	58 997 000	15 890 000	8 758 000	35 817 000
Financial Income	992 000	297 000	1 105 000	1 428 000
Financial Costs	1 542 000	1 111 000	1 341 000	1 335 000
Financial Balance	−550 000	−814 000	−236 000	93 000
Dividends	0	0	0	0
Net Income	45 576 000	11 711 000	6 820 000	26 805 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000 000	5 000 000	5 000 000	5 000 000
Real Eastate	28 388 000	28 883 000	29 686 000	30 170 000
Machinery and Plant Facilities	0	0	1 264 000	0
Fixtures	1 484 000	1 769 000	3 045 000	3 066 000
Total Tangible Assets	49 442 000	54 628 000	51 669 000	51 410 000
Total Fiancial Fixed Assets	50 082 000	49 924 000	48 281 000	44 223 000
Total Fixed Assets	104 524 000	109 551 000	104 951 000	100 633 000
Stock	82 929 000	62 612 000	62 170 000	55 267 000
Total Investments	0	0	0	0
Cash, Bank	16 427 000	6 512 000	1 114 000	31 696 000
Total Current Assets	111 252 000	88 241 000	78 214 000	90 502 000
Total Assets	215 776 000	197 793 000	183 165 000	191 135 000
Total Equity	116 528 000	120 952 000	139 241 000	132 420 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	82 859 000	64 712 000	39 673 000	47 994 000
Creditors	5 252 000	6 200 000	1 783 000	956 000
Unpaid Taxes	611 000	629 000	645 000	815 000
Dividends	0	0	0	0
Other Current Debt	1 530 000	1 144 000	758 000	1 481 000
Total Current Debt	16 390 000	12 128 000	4 250 000	10 720 000
Total Equity and Debt	215 776 000	197 793 000	183 165 000	191 135 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,11 %	9,68 %	4,9 %	20,24 %
Debt-to-Equity Ratio	0,71	0,54	0,28	0,36
Operating Profit Margin	34,64 %	14,16 %	8,07 %	29,79 %
Current Ratio	6,79	7,28	18,4	8,44
Quick Ratio	−1,67	−1,75	−1,35	−2,03
Equity Ratio	0,54	0,61	0,76	0,69
Gross Profit Margin	37,94 %	31,14 %	18,87 %	50,7 %