FROST INNOVATION AS

1406 SKI

Finances

Return on Equity

−123,97 %

Current Ratio

1,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	29 000	1 450 000	3 689 000
Net Income	−300 000	−100 000	196 000	916 000
Total Assets	497 000	625 000	838 000	1 893 000
Total Equity	242 000	359 000	556 000	359 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	29 000	1 450 000	3 689 000
Expenditure	301 000	128 000	1 192 000	2 512 000
Operating Profit	−300 000	−100 000	258 000	1 177 000
Financial Income	0	0	4 000	3 000
Financial Costs	0	0	0	1 000
Financial Balance	0	0	4 000	2 000
Earnings Before Tax	−300 000	−100 000	261 000	1 180 000
Tax	0	0	65 000	263 000
Net Income	−300 000	−100 000	196 000	916 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	132 000	126 000	39 000	46 000
Total Current Assets	365 000	498 000	800 000	1 848 000
Total Assets	497 000	625 000	838 000	1 893 000
Total Retained Equity	−117 000	0	526 000	329 000
Total Equity	242 000	359 000	556 000	359 000
Total Long-Term Debt	0	220 000	0	0
Total Current Debt	254 000	45 000	283 000	1 534 000
Total Equity and Debt	497 000	625 000	838 000	1 893 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	27 000	1 395 000	4 003 000
Other Income	0	1 000	55 000	−314 000
Revenue	0	29 000	1 450 000	3 689 000
Cost of Goods Sold	13 000	0	0	91 000
Salary Costs	18 000	16 000	319 000	789 000
Depreciation	0	0	7 000	7 000
Impairment	0	0	0	0
Expenditure	301 000	128 000	1 192 000	2 512 000
Operating Profit	−300 000	−100 000	258 000	1 177 000
Financial Income	0	0	4 000	3 000
Financial Costs	0	0	0	1 000
Financial Balance	0	0	4 000	2 000
Dividends	0	0	0	1 000 000
Net Income	−300 000	−100 000	196 000	916 000

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	132 000	101 000	13 000	21 000
Total Tangible Assets	132 000	101 000	13 000	21 000
Total Fiancial Fixed Assets	0	25 000	25 000	25 000
Total Fixed Assets	132 000	126 000	39 000	46 000
Stock	0	0	0	0
Total Investments	0	27 000	0	0
Cash, Bank	272 000	394 000	664 000	1 384 000
Total Current Assets	365 000	498 000	800 000	1 848 000
Total Assets	497 000	625 000	838 000	1 893 000
Total Equity	242 000	359 000	556 000	359 000
Short-Term Group Debt	0	−7 000	0	0
Total Long-Term Debt	0	220 000	0	0
Creditors	0	0	9 000	21 000
Unpaid Taxes	0	−25 000	21 000	56 000
Dividends	0	0	0	1 000 000
Other Current Debt	254 000	77 000	187 000	193 000
Total Current Debt	254 000	45 000	283 000	1 534 000
Total Equity and Debt	497 000	625 000	838 000	1 893 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−123,97 %	−27,86 %	35,25 %	255,15 %
Debt-to-Equity Ratio	0	0,61	0	0
Operating Profit Margin	-	−344,83 %	17,79 %	31,91 %
Current Ratio	1,44	11,07	2,83	1,2
Quick Ratio	1,44	11,07	2,83	1,2
Equity Ratio	0,49	0,57	0,66	0,19
Gross Profit Margin	-	100 %	100 %	97,53 %