MAGIC K2 AS

5017 BERGEN

Finances

Share Ownership

Return on Equity

84,58 %

Current Ratio

1,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 072 000	6 086 000	5 476 000	8 970 000
Net Income	1 212 000	165 000	−339 000	−1 733 000
Total Assets	3 429 000	3 604 000	3 688 000	4 326 000
Total Equity	1 433 000	221 000	56 000	71 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 072 000	6 086 000	5 476 000	8 970 000
Expenditure	10 575 000	5 827 000	5 955 000	11 217 000
Operating Profit	1 496 000	259 000	−479 000	−2 248 000
Financial Income	56 000	8 000	51 000	7 000
Financial Costs	0	51 000	2 000	1 000
Financial Balance	56 000	−43 000	49 000	6 000
Earnings Before Tax	1 553 000	216 000	−430 000	−2 241 000
Tax	341 000	52 000	−91 000	−508 000
Net Income	1 212 000	165 000	−339 000	−1 733 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	5 000	37 000	68 000
Total Current Assets	3 429 000	3 598 000	3 651 000	4 257 000
Total Assets	3 429 000	3 604 000	3 688 000	4 326 000
Total Retained Equity	1 338 000	126 000	−38 000	−23 000
Total Equity	1 433 000	221 000	56 000	71 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 996 000	3 383 000	3 632 000	4 254 000
Total Equity and Debt	3 429 000	3 604 000	3 688 000	4 326 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 696 000	5 370 000	4 465 000	8 952 000
Other Income	376 000	716 000	1 011 000	17 000
Revenue	12 072 000	6 086 000	5 476 000	8 970 000
Cost of Goods Sold	3 594 000	1 691 000	1 601 000	3 864 000
Salary Costs	1 980 000	1 162 000	1 332 000	951 000
Depreciation	5 000	31 000	31 000	31 000
Impairment	0	0	0	0
Expenditure	10 575 000	5 827 000	5 955 000	11 217 000
Operating Profit	1 496 000	259 000	−479 000	−2 248 000
Financial Income	56 000	8 000	51 000	7 000
Financial Costs	0	51 000	2 000	1 000
Financial Balance	56 000	−43 000	49 000	6 000
Dividends	0	0	0	0
Net Income	1 212 000	165 000	−339 000	−1 733 000

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	0	0	0	0
Fixtures	0	5 000	37 000	68 000
Total Tangible Assets	0	5 000	37 000	68 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	5 000	37 000	68 000
Stock	97 000	235 000	124 000	277 000
Total Investments	0	0	0	0
Cash, Bank	3 034 000	3 137 000	191 000	267 000
Total Current Assets	3 429 000	3 598 000	3 651 000	4 257 000
Total Assets	3 429 000	3 604 000	3 688 000	4 326 000
Total Equity	1 433 000	221 000	56 000	71 000
Short-Term Group Debt	0	2 524 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 080 000	357 000	3 382 000	3 461 000
Unpaid Taxes	210 000	174 000	43 000	429 000
Dividends	0	0	0	0
Other Current Debt	367 000	277 000	208 000	365 000
Total Current Debt	1 996 000	3 383 000	3 632 000	4 254 000
Total Equity and Debt	3 429 000	3 604 000	3 688 000	4 326 000

Financial indicators	2022	2021	2020	2019
Return on Equity	84,58 %	74,66 %	−605,36 %	−2 440,85 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	12,39 %	4,26 %	−8,75 %	−25,06 %
Current Ratio	1,72	1,06	1,01	1
Quick Ratio	1,81	1,14	1,04	1,07
Equity Ratio	0,42	0,06	0,02	0,02
Gross Profit Margin	70,23 %	72,21 %	70,76 %	56,92 %