MATHUSET BORGESTAD AS

3735 SKIEN

Finances

Share Ownership

Return on Equity

−725,8 %

Current Ratio

0,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 180 000	54 988 000	56 946 000	49 177 000
Net Income	−3 629 000	498 000	1 315 000	509 000
Total Assets	8 943 000	11 555 000	12 695 000	13 322 000
Total Equity	500 000	2 031 000	2 352 000	2 546 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 180 000	54 988 000	56 946 000	49 177 000
Expenditure	54 678 000	54 254 000	55 136 000	48 294 000
Operating Profit	−4 498 000	735 000	1 811 000	883 000
Financial Income	5 000	6 000	6 000	0
Financial Costs	157 000	102 000	130 000	231 000
Financial Balance	−152 000	−96 000	−124 000	−231 000
Earnings Before Tax	−4 650 000	639 000	1 686 000	652 000
Tax	−1 021 000	140 000	371 000	143 000
Net Income	−3 629 000	498 000	1 315 000	509 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	913 000	5 062 000	6 300 000	7 594 000
Total Current Assets	8 030 000	6 493 000	6 396 000	5 727 000
Total Assets	8 943 000	11 555 000	12 695 000	13 322 000
Total Retained Equity	0	565 000	886 000	1 080 000
Total Equity	500 000	2 031 000	2 352 000	2 546 000
Total Long-Term Debt	0	339 000	429 000	484 000
Total Current Debt	8 443 000	9 185 000	9 914 000	10 292 000
Total Equity and Debt	8 943 000	11 555 000	12 695 000	13 322 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	49 471 000	54 387 000	56 315 000	48 427 000
Other Income	708 000	601 000	631 000	750 000
Revenue	50 180 000	54 988 000	56 946 000	49 177 000
Cost of Goods Sold	35 688 000	39 720 000	40 436 000	34 690 000
Salary Costs	7 316 000	7 502 000	7 733 000	7 121 000
Depreciation	1 272 000	1 312 000	1 370 000	1 415 000
Impairment	3 582 000	0	0	0
Expenditure	54 678 000	54 254 000	55 136 000	48 294 000
Operating Profit	−4 498 000	735 000	1 811 000	883 000
Financial Income	5 000	6 000	6 000	0
Financial Costs	157 000	102 000	130 000	231 000
Financial Balance	−152 000	−96 000	−124 000	−231 000
Dividends	0	0	0	0
Net Income	−3 629 000	498 000	1 315 000	509 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	4 656 000	5 731 000	6 805 000
Total Intangible Assets	563 000	4 656 000	5 731 000	6 805 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	350 000	406 000	569 000	789 000
Total Tangible Assets	350 000	406 000	569 000	789 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	913 000	5 062 000	6 300 000	7 594 000
Stock	3 226 000	3 213 000	3 354 000	3 073 000
Total Investments	0	0	0	0
Cash, Bank	702 000	822 000	748 000	633 000
Total Current Assets	8 030 000	6 493 000	6 396 000	5 727 000
Total Assets	8 943 000	11 555 000	12 695 000	13 322 000
Total Equity	500 000	2 031 000	2 352 000	2 546 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	339 000	429 000	484 000
Creditors	2 763 000	2 479 000	2 602 000	1 751 000
Unpaid Taxes	498 000	524 000	650 000	576 000
Dividends	0	0	0	0
Other Current Debt	4 710 000	6 182 000	3 032 000	1 723 000
Total Current Debt	8 443 000	9 185 000	9 914 000	10 292 000
Total Equity and Debt	8 943 000	11 555 000	12 695 000	13 322 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−725,8 %	24,52 %	55,91 %	19,99 %
Debt-to-Equity Ratio	0	0,17	0,18	0,19
Operating Profit Margin	−8,96 %	1,34 %	3,18 %	1,8 %
Current Ratio	0,95	0,71	0,65	0,56
Quick Ratio	1,54	1,09	0,98	0,79
Equity Ratio	0,06	0,18	0,19	0,19
Gross Profit Margin	28,88 %	27,77 %	28,99 %	29,46 %