M2 STING AS

8020 BODØ

Finances

Return on Equity

50,54 %

Current Ratio

1,27

Debt-to-Equity Ratio

2,61

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 103 000	535 000	542 000	496 000
Net Income	659 000	298 000	321 000	138 000
Total Assets	4 933 000	2 196 000	798 000	842 000
Total Equity	1 304 000	645 000	597 000	275 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 103 000	535 000	542 000	496 000
Expenditure	262 000	90 000	131 000	240 000
Operating Profit	841 000	445 000	411 000	256 000
Financial Income	100 000	0	5 000	0
Financial Costs	125 000	56 000	4 000	62 000
Financial Balance	−25 000	−56 000	1 000	−62 000
Earnings Before Tax	816 000	389 000	412 000	195 000
Tax	157 000	91 000	91 000	56 000
Net Income	659 000	298 000	321 000	138 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 637 000	1 971 000	366 000	740 000
Total Current Assets	295 000	225 000	432 000	102 000
Total Assets	4 933 000	2 196 000	798 000	842 000
Total Retained Equity	1 216 000	557 000	509 000	188 000
Total Equity	1 304 000	645 000	597 000	275 000
Total Long-Term Debt	3 397 000	1 146 000	34 000	410 000
Total Current Debt	232 000	405 000	168 000	157 000
Total Equity and Debt	4 933 000	2 196 000	798 000	842 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 007 000	463 000	364 000	496 000
Other Income	96 000	72 000	178 000	0
Revenue	1 103 000	535 000	542 000	496 000
Cost of Goods Sold	15 000	0	0	13 000
Salary Costs	0	0	1 000	9 000
Depreciation	0	0	78 000	139 000
Impairment	0	0	0	0
Expenditure	262 000	90 000	131 000	240 000
Operating Profit	841 000	445 000	411 000	256 000
Financial Income	100 000	0	5 000	0
Financial Costs	125 000	56 000	4 000	62 000
Financial Balance	−25 000	−56 000	1 000	−62 000
Dividends	0	250 000	0	0
Net Income	659 000	298 000	321 000	138 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	6 000	0
Real Eastate	2 966 000	300 000	300 000	300 000
Machinery and Plant Facilities	1 611 000	1 611 000	0	0
Fixtures	0	0	0	380 000
Total Tangible Assets	4 577 000	1 911 000	300 000	680 000
Total Fiancial Fixed Assets	60 000	60 000	60 000	60 000
Total Fixed Assets	4 637 000	1 971 000	366 000	740 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	290 000	49 000	427 000	102 000
Total Current Assets	295 000	225 000	432 000	102 000
Total Assets	4 933 000	2 196 000	798 000	842 000
Total Equity	1 304 000	645 000	597 000	275 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 397 000	1 146 000	34 000	410 000
Creditors	5 000	6 000	2 000	13 000
Unpaid Taxes	9 000	5 000	5 000	17 000
Dividends	0	250 000	0	0
Other Current Debt	60 000	60 000	60 000	60 000
Total Current Debt	232 000	405 000	168 000	157 000
Total Equity and Debt	4 933 000	2 196 000	798 000	842 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,54 %	46,2 %	53,77 %	50,18 %
Debt-to-Equity Ratio	2,61	1,78	0,06	1,49
Operating Profit Margin	76,25 %	83,18 %	75,83 %	51,61 %
Current Ratio	1,27	0,56	2,57	0,65
Quick Ratio	1,27	0,56	2,57	0,65
Equity Ratio	0,26	0,29	0,75	0,33
Gross Profit Margin	98,64 %	100 %	100 %	97,38 %