MERIT MANAGEMENT ADVISORY AS

4816 KOLBJØRNSVIK

Finances

Return on Equity

60,78 %

Current Ratio

0,02

Debt-to-Equity Ratio

−0,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	−24 000	23 000	1 218 000	1 588 000
Net Income	−31 000	85 000	688 000	278 000
Total Assets	415 000	103 000	1 280 000	568 000
Total Equity	−51 000	−20 000	−105 000	−193 000

Income (NOK)	2022	2021	2020	2019
Revenue	−24 000	23 000	1 218 000	1 588 000
Expenditure	8 000	7 000	335 000	1 260 000
Operating Profit	−31 000	17 000	883 000	328 000
Financial Income	0	63 000	0	28 000
Financial Costs	0	3 000	1 000	0
Financial Balance	0	60 000	−1 000	28 000
Earnings Before Tax	−31 000	77 000	882 000	357 000
Tax	0	−8 000	194 000	78 000
Net Income	−31 000	85 000	688 000	278 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	407 000	112 000	1 284 000	558 000
Total Current Assets	8 000	−9 000	−4 000	10 000
Total Assets	415 000	103 000	1 280 000	568 000
Total Retained Equity	−155 000	−124 000	−209 000	−297 000
Total Equity	−51 000	−20 000	−105 000	−193 000
Total Long-Term Debt	11 000	0	0	0
Total Current Debt	455 000	123 000	1 385 000	761 000
Total Equity and Debt	415 000	103 000	1 280 000	568 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	−24 000	23 000	1 218 000	1 588 000
Other Income	0	0	0	0
Revenue	−24 000	23 000	1 218 000	1 588 000
Cost of Goods Sold	0	0	52 000	45 000
Salary Costs	0	−2 000	173 000	761 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	8 000	7 000	335 000	1 260 000
Operating Profit	−31 000	17 000	883 000	328 000
Financial Income	0	63 000	0	28 000
Financial Costs	0	3 000	1 000	0
Financial Balance	0	60 000	−1 000	28 000
Dividends	0	0	600 000	456 000
Net Income	−31 000	85 000	688 000	278 000

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	1 000	1 000	1 000	1 000
Total Tangible Assets	1 000	1 000	1 000	1 000
Total Fiancial Fixed Assets	406 000	111 000	1 283 000	557 000
Total Fixed Assets	407 000	112 000	1 284 000	558 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	5 000	20 000
Total Current Assets	8 000	−9 000	−4 000	10 000
Total Assets	415 000	103 000	1 280 000	568 000
Total Equity	−51 000	−20 000	−105 000	−193 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 000	0	0	0
Creditors	6 000	6 000	6 000	59 000
Unpaid Taxes	0	−6 000	1 000	69 000
Dividends	0	0	600 000	456 000
Other Current Debt	430 000	100 000	97 000	80 000
Total Current Debt	455 000	123 000	1 385 000	761 000
Total Equity and Debt	415 000	103 000	1 280 000	568 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,78 %	−425 %	−655,24 %	−144,04 %
Debt-to-Equity Ratio	−0,22	−0	−0	−0
Operating Profit Margin	129,17 %	73,91 %	72,5 %	20,65 %
Current Ratio	0,02	−0,07	−0	0,01
Quick Ratio	0,02	−0,07	−0	0,01
Equity Ratio	−0,12	−0,19	−0,08	−0,34
Gross Profit Margin	100 %	100 %	95,73 %	97,17 %