M VEST ENERGY AS

5059 BERGEN

Finances

Return on Equity

75,76 %

Current Ratio

1,54

Debt-to-Equity Ratio

−36,99

Key figures (NOK)	2022	2021	2020	2019
Revenue	545 749 000	63 277 000	5 566 000	60 000
Net Income	−22 094 000	−27 410 000	−16 943 000	−26 574 000
Total Assets	1 181 705 000	300 158 000	341 797 000	100 682 000
Total Equity	−29 164 000	−7 071 000	20 339 000	−60 805 000

Income (NOK)	2022	2021	2020	2019
Revenue	545 749 000	63 277 000	5 566 000	60 000
Expenditure	371 465 000	77 981 000	59 169 000	95 626 000
Operating Profit	174 284 000	−14 704 000	−53 603 000	−95 567 000
Financial Income	0	30 000	1 034 000	615 000
Financial Costs	63 208 000	23 195 000	8 556 000	6 697 000
Financial Balance	−63 208 000	−23 165 000	−7 522 000	−6 082 000
Earnings Before Tax	111 076 000	−37 869 000	−61 125 000	−101 650 000
Tax	133 170 000	−10 459 000	−44 182 000	−75 076 000
Net Income	−22 094 000	−27 410 000	−16 943 000	−26 574 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	978 177 000	244 008 000	261 805 000	13 189 000
Total Current Assets	203 528 000	56 150 000	79 992 000	87 493 000
Total Assets	1 181 705 000	300 158 000	341 797 000	100 682 000
Total Retained Equity	−127 377 000	−7 146 000	−77 874 000	−60 835 000
Total Equity	−29 164 000	−7 071 000	20 339 000	−60 805 000
Total Long-Term Debt	1 078 700 000	275 478 000	309 320 000	42 745 000
Total Current Debt	132 169 000	31 750 000	12 137 000	118 742 000
Total Equity and Debt	1 181 705 000	300 158 000	341 797 000	100 682 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	545 749 000	62 545 000	5 508 000	60 000
Other Income	0	731 000	58 000	0
Revenue	545 749 000	63 277 000	5 566 000	60 000
Cost of Goods Sold	172 986 000	29 696 000	20 468 000	57 744 000
Salary Costs	41 775 000	25 714 000	27 881 000	25 744 000
Depreciation	135 616 000	13 129 000	2 261 000	139 000
Impairment	0	0	0	0
Expenditure	371 465 000	77 981 000	59 169 000	95 626 000
Operating Profit	174 284 000	−14 704 000	−53 603 000	−95 567 000
Financial Income	0	30 000	1 034 000	615 000
Financial Costs	63 208 000	23 195 000	8 556 000	6 697 000
Financial Balance	−63 208 000	−23 165 000	−7 522 000	−6 082 000
Dividends	0	0	0	0
Net Income	−22 094 000	−27 410 000	−16 943 000	−26 574 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	1 796 000	0	0	0
Total Intangible Assets	1 796 000	10 873 000	17 810 000	13 095 000
Real Eastate	971 371 000	233 135 000	241 398 000	0
Machinery and Plant Facilities	0	0	2 597 000	0
Fixtures	0	0	0	93 000
Total Tangible Assets	971 371 000	233 135 000	243 995 000	93 000
Total Fiancial Fixed Assets	5 010 000	0	0	0
Total Fixed Assets	978 177 000	244 008 000	261 805 000	13 189 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	42 989 000	23 701 000	26 314 000	11 508 000
Total Current Assets	203 528 000	56 150 000	79 992 000	87 493 000
Total Assets	1 181 705 000	300 158 000	341 797 000	100 682 000
Total Equity	−29 164 000	−7 071 000	20 339 000	−60 805 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 078 700 000	275 478 000	309 320 000	42 745 000
Creditors	90 506 000	13 128 000	3 487 000	984 000
Unpaid Taxes	0	0	1 039 000	44 006 000
Dividends	0	0	0	0
Other Current Debt	1 287 000	1 123 000	7 611 000	7 841 000
Total Current Debt	132 169 000	31 750 000	12 137 000	118 742 000
Total Equity and Debt	1 181 705 000	300 158 000	341 797 000	100 682 000

Financial indicators	2022	2021	2020	2019
Return on Equity	75,76 %	387,64 %	−83,3 %	43,7 %
Debt-to-Equity Ratio	−36,99	−38,96	15,21	−0,7
Operating Profit Margin	31,93 %	−23,24 %	−963,04 %	−159 278,33 %
Current Ratio	1,54	1,77	6,59	0,74
Quick Ratio	1,54	1,77	6,59	0,74
Equity Ratio	−0,02	−0,02	0,06	−0,6
Gross Profit Margin	68,3 %	53,07 %	−267,73 %	−96 140 %