M&M FRISØR AS

1890 RAKKESTAD

Finances

Share Ownership

Return on Equity

15,2 %

Current Ratio

1,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 931 000	2 609 000	1 949 000	1 720 000
Net Income	50 000	137 000	−16 000	−36 000
Total Assets	991 000	849 000	523 000	469 000
Total Equity	329 000	279 000	142 000	158 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 931 000	2 609 000	1 949 000	1 720 000
Expenditure	2 868 000	2 449 000	1 969 000	1 758 000
Operating Profit	63 000	162 000	−19 000	−39 000
Financial Income	3 000	3 000	3 000	3 000
Financial Costs	0	0	0	0
Financial Balance	3 000	3 000	3 000	3 000
Earnings Before Tax	66 000	165 000	−16 000	−36 000
Tax	16 000	27 000	0	0
Net Income	50 000	137 000	−16 000	−36 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	11 000	22 000	33 000
Total Current Assets	991 000	839 000	502 000	437 000
Total Assets	991 000	849 000	523 000	469 000
Total Retained Equity	304 000	255 000	117 000	134 000
Total Equity	329 000	279 000	142 000	158 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	662 000	570 000	381 000	311 000
Total Equity and Debt	991 000	849 000	523 000	469 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 930 000	2 550 000	1 924 000	1 720 000
Other Income	1 000	59 000	25 000	0
Revenue	2 931 000	2 609 000	1 949 000	1 720 000
Cost of Goods Sold	396 000	312 000	299 000	230 000
Salary Costs	2 093 000	1 800 000	1 385 000	1 186 000
Depreciation	11 000	11 000	11 000	8 000
Impairment	0	0	0	0
Expenditure	2 868 000	2 449 000	1 969 000	1 758 000
Operating Profit	63 000	162 000	−19 000	−39 000
Financial Income	3 000	3 000	3 000	3 000
Financial Costs	0	0	0	0
Financial Balance	3 000	3 000	3 000	3 000
Dividends	0	0	0	0
Net Income	50 000	137 000	−16 000	−36 000

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	0	11 000	22 000	33 000
Total Tangible Assets	0	11 000	22 000	33 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	11 000	22 000	33 000
Stock	115 000	104 000	75 000	91 000
Total Investments	0	0	0	0
Cash, Bank	842 000	704 000	399 000	337 000
Total Current Assets	991 000	839 000	502 000	437 000
Total Assets	991 000	849 000	523 000	469 000
Total Equity	329 000	279 000	142 000	158 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	80 000	60 000	32 000	4 000
Unpaid Taxes	319 000	274 000	209 000	172 000
Dividends	0	0	0	0
Other Current Debt	247 000	207 000	141 000	136 000
Total Current Debt	662 000	570 000	381 000	311 000
Total Equity and Debt	991 000	849 000	523 000	469 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,2 %	49,1 %	−11,27 %	−22,78 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,15 %	6,21 %	−0,97 %	−2,27 %
Current Ratio	1,5	1,47	1,32	1,41
Quick Ratio	1,81	1,8	1,64	1,99
Equity Ratio	0,33	0,33	0,27	0,34
Gross Profit Margin	86,49 %	88,04 %	84,66 %	86,63 %