MG FOODS AS

5258 BLOMSTERDALEN

Finances

Share Ownership

Return on Equity

−49,89 %

Current Ratio

5,92

Debt-to-Equity Ratio

−2,74

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 539 000	4 216 000	2 456 000	304 000
Net Income	689 000	−438 000	−689 000	−991 000
Total Assets	2 897 000	2 035 000	2 320 000	1 402 000
Total Equity	−1 381 000	−2 070 000	−1 632 000	−943 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 539 000	4 216 000	2 456 000	304 000
Expenditure	6 390 000	3 921 000	3 274 000	1 288 000
Operating Profit	734 000	−380 000	−637 000	−984 000
Financial Income	24 000	4 000	12 000	3 000
Financial Costs	69 000	62 000	65 000	11 000
Financial Balance	−45 000	−58 000	−53 000	−8 000
Earnings Before Tax	689 000	−438 000	−689 000	−991 000
Tax	0	0	0	0
Net Income	689 000	−438 000	−689 000	−991 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 000	17 000	27 000	14 000
Total Current Assets	2 885 000	2 018 000	2 293 000	1 388 000
Total Assets	2 897 000	2 035 000	2 320 000	1 402 000
Total Retained Equity	−1 411 000	−2 100 000	−1 662 000	−973 000
Total Equity	−1 381 000	−2 070 000	−1 632 000	−943 000
Total Long-Term Debt	3 790 000	3 725 000	3 672 000	0
Total Current Debt	487 000	380 000	280 000	2 345 000
Total Equity and Debt	2 897 000	2 035 000	2 320 000	1 402 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 539 000	4 216 000	2 456 000	304 000
Other Income	0	0	0	0
Revenue	6 539 000	4 216 000	2 456 000	304 000
Cost of Goods Sold	6 116 000	3 599 000	2 490 000	279 000
Salary Costs	0	24 000	553 000	738 000
Depreciation	5 000	10 000	8 000	5 000
Impairment	0	0	0	0
Expenditure	6 390 000	3 921 000	3 274 000	1 288 000
Operating Profit	734 000	−380 000	−637 000	−984 000
Financial Income	24 000	4 000	12 000	3 000
Financial Costs	69 000	62 000	65 000	11 000
Financial Balance	−45 000	−58 000	−53 000	−8 000
Dividends	0	0	0	0
Net Income	689 000	−438 000	−689 000	−991 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 000	16 000	20 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	−4 000	1 000	6 000	12 000
Total Tangible Assets	−4 000	1 000	6 000	12 000
Total Fiancial Fixed Assets	0	0	0	2 000
Total Fixed Assets	12 000	17 000	27 000	14 000
Stock	1 416 000	830 000	1 506 000	1 132 000
Total Investments	0	0	0	0
Cash, Bank	847 000	1 027 000	587 000	86 000
Total Current Assets	2 885 000	2 018 000	2 293 000	1 388 000
Total Assets	2 897 000	2 035 000	2 320 000	1 402 000
Total Equity	−1 381 000	−2 070 000	−1 632 000	−943 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 790 000	3 725 000	3 672 000	0
Creditors	294 000	296 000	152 000	814 000
Unpaid Taxes	111 000	74 000	41 000	51 000
Dividends	0	0	0	0
Other Current Debt	82 000	9 000	87 000	1 480 000
Total Current Debt	487 000	380 000	280 000	2 345 000
Total Equity and Debt	2 897 000	2 035 000	2 320 000	1 402 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−49,89 %	21,16 %	42,22 %	105,09 %
Debt-to-Equity Ratio	−2,74	−1,8	−2,25	−0
Operating Profit Margin	11,22 %	−9,01 %	−25,94 %	−323,68 %
Current Ratio	5,92	5,31	8,19	0,59
Quick Ratio	−3,11	−4,48	−1,87	1,14
Equity Ratio	−0,48	−1,02	−0,7	−0,67
Gross Profit Margin	6,47 %	14,63 %	−1,38 %	8,22 %