BRØDRENE FORMO AS

2683 TESSANDEN

Finances

Return on Equity

218,06 %

Current Ratio

1,04

Debt-to-Equity Ratio

−5,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 055 000	2 959 000	3 066 000	4 607 000
Net Income	−157 000	−323 000	172 000	23 000
Total Assets	1 556 000	1 461 000	1 746 000	1 337 000
Total Equity	−72 000	85 000	408 000	236 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 055 000	2 959 000	3 066 000	4 607 000
Expenditure	4 155 000	3 229 000	2 853 000	4 556 000
Operating Profit	−100 000	−270 000	213 000	51 000
Financial Income	17 000	13 000	13 000	13 000
Financial Costs	74 000	66 000	54 000	40 000
Financial Balance	−57 000	−53 000	−41 000	−27 000
Earnings Before Tax	−157 000	−323 000	172 000	23 000
Tax	0	0	0	0
Net Income	−157 000	−323 000	172 000	23 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	279 000	374 000	403 000	340 000
Total Current Assets	1 277 000	1 087 000	1 343 000	997 000
Total Assets	1 556 000	1 461 000	1 746 000	1 337 000
Total Retained Equity	−102 000	55 000	378 000	206 000
Total Equity	−72 000	85 000	408 000	236 000
Total Long-Term Debt	398 000	546 000	364 000	318 000
Total Current Debt	1 230 000	830 000	974 000	782 000
Total Equity and Debt	1 556 000	1 461 000	1 746 000	1 337 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 055 000	2 954 000	3 033 000	4 607 000
Other Income	0	5 000	32 000	0
Revenue	4 055 000	2 959 000	3 066 000	4 607 000
Cost of Goods Sold	1 836 000	1 059 000	894 000	2 138 000
Salary Costs	1 495 000	1 280 000	1 269 000	1 354 000
Depreciation	95 000	135 000	111 000	92 000
Impairment	0	0	0	0
Expenditure	4 155 000	3 229 000	2 853 000	4 556 000
Operating Profit	−100 000	−270 000	213 000	51 000
Financial Income	17 000	13 000	13 000	13 000
Financial Costs	74 000	66 000	54 000	40 000
Financial Balance	−57 000	−53 000	−41 000	−27 000
Dividends	0	0	0	0
Net Income	−157 000	−323 000	172 000	23 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	95 000	104 000	114 000	123 000
Machinery and Plant Facilities	12 000	24 000	0	0
Fixtures	142 000	216 000	264 000	188 000
Total Tangible Assets	249 000	344 000	378 000	311 000
Total Fiancial Fixed Assets	30 000	30 000	26 000	29 000
Total Fixed Assets	279 000	374 000	403 000	340 000
Stock	100 000	100 000	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	200 000
Total Current Assets	1 277 000	1 087 000	1 343 000	997 000
Total Assets	1 556 000	1 461 000	1 746 000	1 337 000
Total Equity	−72 000	85 000	408 000	236 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	398 000	546 000	364 000	318 000
Creditors	364 000	357 000	250 000	252 000
Unpaid Taxes	400 000	344 000	349 000	400 000
Dividends	0	0	0	0
Other Current Debt	292 000	115 000	147 000	130 000
Total Current Debt	1 230 000	830 000	974 000	782 000
Total Equity and Debt	1 556 000	1 461 000	1 746 000	1 337 000

Financial indicators	2022	2021	2020	2019
Return on Equity	218,06 %	−380 %	42,16 %	9,75 %
Debt-to-Equity Ratio	−5,53	6,42	0,89	1,35
Operating Profit Margin	−2,47 %	−9,12 %	6,95 %	1,11 %
Current Ratio	1,04	1,31	1,38	1,27
Quick Ratio	1,13	1,49	1,38	1,27
Equity Ratio	−0,05	0,06	0,23	0,18
Gross Profit Margin	54,72 %	64,21 %	70,84 %	53,59 %