MASTERWORK CONSTRUCTION HOLDING AS

3478 NÆRSNES

Finances

Return on Equity

−110 %

Current Ratio

0,01

Debt-to-Equity Ratio

32,15

Key figures (NOK)	2021	2020	2019	2018
Revenue	525 000	200 000	660 000	680 000
Net Income	−143 000	−36 000	−48 000	58 000
Total Assets	10 851 000	6 722 000	4 290 000	4 511 000
Total Equity	130 000	273 000	309 000	357 000

Income (NOK)	2021	2020	2019	2018
Revenue	525 000	200 000	660 000	680 000
Expenditure	665 000	234 000	707 000	622 000
Operating Profit	−140 000	−34 000	−47 000	58 000
Financial Income	0	0	0	0
Financial Costs	3 000	2 000	1 000	1 000
Financial Balance	−3 000	−2 000	−1 000	−1 000
Earnings Before Tax	−143 000	−36 000	−48 000	58 000
Tax	0	0	0	0
Net Income	−143 000	−36 000	−48 000	58 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	10 802 000	6 515 000	4 036 000	4 000 000
Total Current Assets	48 000	207 000	254 000	511 000
Total Assets	10 851 000	6 722 000	4 290 000	4 511 000
Total Retained Equity	100 000	243 000	279 000	327 000
Total Equity	130 000	273 000	309 000	357 000
Total Long-Term Debt	4 179 000	6 414 000	3 887 000	3 887 000
Total Current Debt	6 541 000	34 000	93 000	267 000
Total Equity and Debt	10 851 000	6 722 000	4 290 000	4 511 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	100 000	660 000	680 000
Other Income	525 000	100 000	0	0
Revenue	525 000	200 000	660 000	680 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	378 000	378 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	665 000	234 000	707 000	622 000
Operating Profit	−140 000	−34 000	−47 000	58 000
Financial Income	0	0	0	0
Financial Costs	3 000	2 000	1 000	1 000
Financial Balance	−3 000	−2 000	−1 000	−1 000
Dividends	0	0	0	0
Net Income	−143 000	−36 000	−48 000	58 000

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	0	0	0	0
Fixtures	0	270 000	270 000	270 000
Total Tangible Assets	0	270 000	270 000	270 000
Total Fiancial Fixed Assets	10 802 000	6 245 000	3 766 000	3 730 000
Total Fixed Assets	10 802 000	6 515 000	4 036 000	4 000 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 000	20 000	122 000	511 000
Total Current Assets	48 000	207 000	254 000	511 000
Total Assets	10 851 000	6 722 000	4 290 000	4 511 000
Total Equity	130 000	273 000	309 000	357 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 179 000	6 414 000	3 887 000	3 887 000
Creditors	341 000	34 000	1 000	0
Unpaid Taxes	0	0	92 000	267 000
Dividends	0	0	0	0
Other Current Debt	6 200 000	0	0	0
Total Current Debt	6 541 000	34 000	93 000	267 000
Total Equity and Debt	10 851 000	6 722 000	4 290 000	4 511 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−110 %	−13,19 %	−15,53 %	16,25 %
Debt-to-Equity Ratio	32,15	23,49	12,58	10,89
Operating Profit Margin	−26,67 %	−17 %	−7,12 %	8,53 %
Current Ratio	0,01	6,09	2,73	1,91
Quick Ratio	0,01	6,09	2,73	1,91
Equity Ratio	0,01	0,04	0,07	0,08
Gross Profit Margin	100 %	100 %	100 %	100 %