MODERN MØBELTAPETSERING & MØBELSERVICE AS

3937 PORSGRUNN

Finances

Share Ownership

Return on Equity

−4,95 %

Current Ratio

1,59

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 529 000	948 000	914 000	830 000
Net Income	−11 000	0	84 000	158 000
Total Assets	548 000	534 000	450 000	398 000
Total Equity	222 000	232 000	232 000	148 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 529 000	948 000	914 000	830 000
Expenditure	1 534 000	885 000	798 000	656 000
Operating Profit	−6 000	62 000	116 000	174 000
Financial Income	0	0	0	0
Financial Costs	0	11 000	8 000	2 000
Financial Balance	0	−11 000	−8 000	−2 000
Earnings Before Tax	−6 000	51 000	108 000	172 000
Tax	5 000	51 000	24 000	14 000
Net Income	−11 000	0	84 000	158 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	70 000	101 000	148 000	148 000
Total Current Assets	478 000	433 000	301 000	250 000
Total Assets	548 000	534 000	450 000	398 000
Total Retained Equity	192 000	202 000	202 000	148 000
Total Equity	222 000	232 000	232 000	148 000
Total Long-Term Debt	25 000	25 000	25 000	80 000
Total Current Debt	301 000	277 000	192 000	170 000
Total Equity and Debt	548 000	534 000	450 000	398 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 529 000	948 000	914 000	830 000
Other Income	0	0	0	0
Revenue	1 529 000	948 000	914 000	830 000
Cost of Goods Sold	400 000	279 000	257 000	215 000
Salary Costs	675 000	364 000	242 000	280 000
Depreciation	52 000	50 000	0	8 000
Impairment	0	0	0	0
Expenditure	1 534 000	885 000	798 000	656 000
Operating Profit	−6 000	62 000	116 000	174 000
Financial Income	0	0	0	0
Financial Costs	0	11 000	8 000	2 000
Financial Balance	0	−11 000	−8 000	−2 000
Dividends	0	0	0	0
Net Income	−11 000	0	84 000	158 000

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	19 000	0	0	0
Fixtures	51 000	101 000	148 000	148 000
Total Tangible Assets	70 000	101 000	148 000	148 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	70 000	101 000	148 000	148 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	444 000	320 000	177 000	93 000
Total Current Assets	478 000	433 000	301 000	250 000
Total Assets	548 000	534 000	450 000	398 000
Total Equity	222 000	232 000	232 000	148 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	25 000	25 000	25 000	80 000
Creditors	71 000	5 000	−18 000	6 000
Unpaid Taxes	57 000	45 000	36 000	53 000
Dividends	0	0	0	0
Other Current Debt	134 000	184 000	150 000	10 000
Total Current Debt	301 000	277 000	192 000	170 000
Total Equity and Debt	548 000	534 000	450 000	398 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,95 %	0 %	36,21 %	106,76 %
Debt-to-Equity Ratio	0,11	0,11	0,11	0,54
Operating Profit Margin	−0,39 %	6,54 %	12,69 %	20,96 %
Current Ratio	1,59	1,56	1,57	1,47
Quick Ratio	1,59	1,56	1,57	1,47
Equity Ratio	0,41	0,43	0,52	0,37
Gross Profit Margin	73,84 %	70,57 %	71,88 %	74,1 %