MAGS AS

6440 ELNESVÅGEN

Finances

Share Ownership

Return on Equity

−17,24 %

Current Ratio

1,2

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	714 000	633 000	511 000	386 000
Net Income	−30 000	17 000	50 000	9 000
Total Assets	341 000	311 000	260 000	238 000
Total Equity	174 000	204 000	187 000	137 000

Income (NOK)	2022	2021	2020	2019
Revenue	714 000	633 000	511 000	386 000
Expenditure	712 000	602 000	447 000	370 000
Operating Profit	3 000	31 000	64 000	15 000
Financial Income	0	0	0	0
Financial Costs	0	14 000	0	3 000
Financial Balance	0	−14 000	0	−3 000
Earnings Before Tax	3 000	17 000	64 000	12 000
Tax	33 000	0	14 000	3 000
Net Income	−30 000	17 000	50 000	9 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	145 000	185 000	163 000	163 000
Total Current Assets	196 000	126 000	97 000	75 000
Total Assets	341 000	311 000	260 000	238 000
Total Retained Equity	144 000	174 000	157 000	107 000
Total Equity	174 000	204 000	187 000	137 000
Total Long-Term Debt	4 000	5 000	5 000	5 000
Total Current Debt	163 000	102 000	68 000	96 000
Total Equity and Debt	341 000	311 000	260 000	238 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	714 000	633 000	511 000	386 000
Other Income	0	0	0	0
Revenue	714 000	633 000	511 000	386 000
Cost of Goods Sold	1 000	42 000	71 000	30 000
Salary Costs	103 000	2 000	0	1 000
Depreciation	40 000	4 000	0	0
Impairment	0	0	0	0
Expenditure	712 000	602 000	447 000	370 000
Operating Profit	3 000	31 000	64 000	15 000
Financial Income	0	0	0	0
Financial Costs	0	14 000	0	3 000
Financial Balance	0	−14 000	0	−3 000
Dividends	0	0	0	0
Net Income	−30 000	17 000	50 000	9 000

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	156 000	0
Fixtures	145 000	185 000	7 000	7 000
Total Tangible Assets	145 000	185 000	163 000	163 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	145 000	185 000	163 000	163 000
Stock	14 000	14 000	54 000	54 000
Total Investments	0	0	0	0
Cash, Bank	134 000	82 000	13 000	−4 000
Total Current Assets	196 000	126 000	97 000	75 000
Total Assets	341 000	311 000	260 000	238 000
Total Equity	174 000	204 000	187 000	137 000
Short-Term Group Debt	0	3 000	0	0
Total Long-Term Debt	4 000	5 000	5 000	5 000
Creditors	63 000	62 000	25 000	60 000
Unpaid Taxes	−4 000	−12 000	3 000	3 000
Dividends	0	0	0	0
Other Current Debt	32 000	23 000	13 000	12 000
Total Current Debt	163 000	102 000	68 000	96 000
Total Equity and Debt	341 000	311 000	260 000	238 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−17,24 %	8,33 %	26,74 %	6,57 %
Debt-to-Equity Ratio	0,02	0,02	0,03	0,04
Operating Profit Margin	0,42 %	4,9 %	12,52 %	3,89 %
Current Ratio	1,2	1,24	1,43	0,78
Quick Ratio	1,32	1,43	6,93	1,79
Equity Ratio	0,51	0,66	0,72	0,58
Gross Profit Margin	99,86 %	93,36 %	86,11 %	92,23 %