M2 SECURE AS

3034 DRAMMEN

Finances

Return on Equity

20,21 %

Current Ratio

−20,83

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	1 320 000	1 554 000	2 128 000	1 919 000
Net Income	195 000	405 000	−5 000	167 000
Total Assets	924 000	859 000	756 000	723 000
Total Equity	965 000	966 000	669 000	673 000

Income (NOK)	2021	2020	2019	2018
Revenue	1 320 000	1 554 000	2 128 000	1 919 000
Expenditure	1 125 000	1 042 000	2 133 000	1 702 000
Operating Profit	195 000	512 000	−5 000	217 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	195 000	512 000	−5 000	217 000
Tax	0	108 000	0	50 000
Net Income	195 000	405 000	−5 000	167 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	70 000	90 000	110 000	130 000
Total Current Assets	854 000	769 000	646 000	593 000
Total Assets	924 000	859 000	756 000	723 000
Total Retained Equity	930 000	931 000	633 000	638 000
Total Equity	965 000	966 000	669 000	673 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	−41 000	−108 000	87 000	50 000
Total Equity and Debt	924 000	859 000	756 000	723 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	1 320 000	1 554 000	2 128 000	1 919 000
Other Income	0	0	0	0
Revenue	1 320 000	1 554 000	2 128 000	1 919 000
Cost of Goods Sold	950 000	1 022 000	1 776 000	1 211 000
Salary Costs	0	0	0	0
Depreciation	20 000	20 000	20 000	20 000
Impairment	0	0	0	0
Expenditure	1 125 000	1 042 000	2 133 000	1 702 000
Operating Profit	195 000	512 000	−5 000	217 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	195 000	405 000	−5 000	167 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	70 000	90 000	110 000	130 000
Fixtures	0	0	0	0
Total Tangible Assets	70 000	90 000	110 000	130 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	70 000	90 000	110 000	130 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	350 000	369 000	250 000	1 000
Total Current Assets	854 000	769 000	646 000	593 000
Total Assets	924 000	859 000	756 000	723 000
Total Equity	965 000	966 000	669 000	673 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	87 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	−41 000	−108 000	87 000	50 000
Total Equity and Debt	924 000	859 000	756 000	723 000

Financial indicators	2021	2020	2019	2018
Return on Equity	20,21 %	41,93 %	−0,75 %	24,81 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,77 %	32,95 %	−0,23 %	11,31 %
Current Ratio	−20,83	−7,12	7,43	11,86
Quick Ratio	−20,83	−7,12	7,43	11,86
Equity Ratio	1,04	1,12	0,88	0,93
Gross Profit Margin	28,03 %	34,23 %	16,54 %	36,89 %