MAD VEST AS

5014 BERGEN

Finances

Share Ownership

Return on Equity

101,01 %

Current Ratio

1,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 343 000	21 268 000	25 197 000	24 578 000
Net Income	4 209 000	−1 721 000	2 650 000	1 364 000
Total Assets	15 744 000	8 428 000	11 159 000	7 970 000
Total Equity	4 167 000	2 887 000	2 896 000	2 246 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 343 000	21 268 000	25 197 000	24 578 000
Expenditure	37 916 000	23 030 000	21 774 000	22 793 000
Operating Profit	5 427 000	−1 762 000	3 423 000	1 784 000
Financial Income	29 000	52 000	12 000	16 000
Financial Costs	18 000	22 000	32 000	43 000
Financial Balance	11 000	30 000	−20 000	−27 000
Earnings Before Tax	5 438 000	−1 732 000	3 403 000	1 757 000
Tax	1 229 000	−11 000	753 000	392 000
Net Income	4 209 000	−1 721 000	2 650 000	1 364 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	860 000	649 000	689 000	749 000
Total Current Assets	14 885 000	7 779 000	10 470 000	7 220 000
Total Assets	15 744 000	8 428 000	11 159 000	7 970 000
Total Retained Equity	2 324 000	1 075 000	2 796 000	2 147 000
Total Equity	4 167 000	2 887 000	2 896 000	2 246 000
Total Long-Term Debt	11 000	0	11 000	1 000
Total Current Debt	11 567 000	5 540 000	8 252 000	5 722 000
Total Equity and Debt	15 744 000	8 428 000	11 159 000	7 970 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	43 343 000	21 268 000	25 197 000	24 578 000
Other Income	0	0	0	0
Revenue	43 343 000	21 268 000	25 197 000	24 578 000
Cost of Goods Sold	4 011 000	3 900 000	4 091 000	3 336 000
Salary Costs	24 685 000	14 347 000	14 348 000	15 400 000
Depreciation	193 000	148 000	108 000	80 000
Impairment	0	0	0	0
Expenditure	37 916 000	23 030 000	21 774 000	22 793 000
Operating Profit	5 427 000	−1 762 000	3 423 000	1 784 000
Financial Income	29 000	52 000	12 000	16 000
Financial Costs	18 000	22 000	32 000	43 000
Financial Balance	11 000	30 000	−20 000	−27 000
Dividends	4 000 000	0	2 000 000	1 350 000
Net Income	4 209 000	−1 721 000	2 650 000	1 364 000

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	860 000	649 000	689 000	749 000
Total Tangible Assets	860 000	649 000	689 000	749 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	860 000	649 000	689 000	749 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 383 000	2 635 000	5 644 000	3 247 000
Total Current Assets	14 885 000	7 779 000	10 470 000	7 220 000
Total Assets	15 744 000	8 428 000	11 159 000	7 970 000
Total Equity	4 167 000	2 887 000	2 896 000	2 246 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 000	0	11 000	1 000
Creditors	794 000	761 000	1 953 000	362 000
Unpaid Taxes	3 156 000	1 697 000	2 146 000	1 862 000
Dividends	4 000 000	0	2 000 000	1 350 000
Other Current Debt	2 396 000	3 081 000	1 409 000	1 756 000
Total Current Debt	11 567 000	5 540 000	8 252 000	5 722 000
Total Equity and Debt	15 744 000	8 428 000	11 159 000	7 970 000

Financial indicators	2022	2021	2020	2019
Return on Equity	101,01 %	−59,61 %	91,51 %	60,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	12,52 %	−8,28 %	13,58 %	7,26 %
Current Ratio	1,29	1,4	1,27	1,26
Quick Ratio	1,29	1,4	1,27	1,26
Equity Ratio	0,26	0,34	0,26	0,28
Gross Profit Margin	90,75 %	81,66 %	83,76 %	86,43 %