SPINNIN WHEEL AS

1850 MYSEN

Finances

Share Ownership

Return on Equity

−25,41 %

Current Ratio

1,58

Debt-to-Equity Ratio

0,4

Key figures (NOK)	2022	2021	2020	2019
Revenue	40 175 000	58 727 000	54 087 000	43 587 000
Net Income	−939 000	997 000	858 000	441 000
Total Assets	13 284 000	14 486 000	15 929 000	11 743 000
Total Equity	3 695 000	4 581 000	3 583 000	2 707 000

Income (NOK)	2022	2021	2020	2019
Revenue	40 175 000	58 727 000	54 087 000	43 587 000
Expenditure	41 075 000	57 242 000	54 122 000	42 977 000
Operating Profit	−901 000	1 468 000	1 164 000	611 000
Financial Income	73 000	38 000	16 000	4 000
Financial Costs	127 000	223 000	97 000	63 000
Financial Balance	−54 000	−185 000	−81 000	−59 000
Earnings Before Tax	−955 000	1 282 000	1 083 000	551 000
Tax	−15 000	285 000	225 000	110 000
Net Income	−939 000	997 000	858 000	441 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	454 000	358 000	20 000	74 000
Total Current Assets	12 830 000	14 128 000	15 910 000	11 669 000
Total Assets	13 284 000	14 486 000	15 929 000	11 743 000
Total Retained Equity	2 068 000	3 008 000	2 010 000	1 134 000
Total Equity	3 695 000	4 581 000	3 583 000	2 707 000
Total Long-Term Debt	1 471 000	2 658 000	1 471 000	1 473 000
Total Current Debt	8 117 000	7 248 000	10 875 000	7 563 000
Total Equity and Debt	13 284 000	14 486 000	15 929 000	11 743 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	40 125 000	58 637 000	53 643 000	43 544 000
Other Income	49 000	90 000	444 000	43 000
Revenue	40 175 000	58 727 000	54 087 000	43 587 000
Cost of Goods Sold	31 198 000	46 828 000	44 422 000	35 280 000
Salary Costs	6 527 000	7 300 000	6 829 000	5 125 000
Depreciation	31 000	24 000	51 000	85 000
Impairment	0	0	0	0
Expenditure	41 075 000	57 242 000	54 122 000	42 977 000
Operating Profit	−901 000	1 468 000	1 164 000	611 000
Financial Income	73 000	38 000	16 000	4 000
Financial Costs	127 000	223 000	97 000	63 000
Financial Balance	−54 000	−185 000	−81 000	−59 000
Dividends	0	0	0	0
Net Income	−939 000	997 000	858 000	441 000

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	153 000	57 000	19 000	70 000
Total Tangible Assets	153 000	57 000	19 000	70 000
Total Fiancial Fixed Assets	301 000	301 000	1 000	4 000
Total Fixed Assets	454 000	358 000	20 000	74 000
Stock	10 608 000	11 970 000	11 988 000	9 588 000
Total Investments	0	0	0	0
Cash, Bank	480 000	433 000	2 383 000	183 000
Total Current Assets	12 830 000	14 128 000	15 910 000	11 669 000
Total Assets	13 284 000	14 486 000	15 929 000	11 743 000
Total Equity	3 695 000	4 581 000	3 583 000	2 707 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 471 000	2 658 000	1 471 000	1 473 000
Creditors	5 606 000	4 853 000	8 630 000	5 307 000
Unpaid Taxes	923 000	1 040 000	1 155 000	690 000
Dividends	0	0	0	0
Other Current Debt	982 000	1 070 000	864 000	776 000
Total Current Debt	8 117 000	7 248 000	10 875 000	7 563 000
Total Equity and Debt	13 284 000	14 486 000	15 929 000	11 743 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−25,41 %	21,76 %	23,95 %	16,29 %
Debt-to-Equity Ratio	0,4	0,58	0,41	0,54
Operating Profit Margin	−2,24 %	2,5 %	2,15 %	1,4 %
Current Ratio	1,58	1,95	1,46	1,54
Quick Ratio	−5,15	−2,99	−14,29	−5,76
Equity Ratio	0,28	0,32	0,22	0,23
Gross Profit Margin	22,34 %	20,26 %	17,87 %	19,06 %