MG GLASS & SOLFILM AS

2016 FROGNER

Finances

Share Ownership

Return on Equity

78,68 %

Current Ratio

1,62

Debt-to-Equity Ratio

1,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 996 000	3 387 000	4 614 000	3 950 000
Net Income	203 000	−374 000	76 000	56 000
Total Assets	1 093 000	672 000	1 237 000	1 303 000
Total Equity	258 000	55 000	429 000	353 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 996 000	3 387 000	4 614 000	3 950 000
Expenditure	4 768 000	3 759 000	4 501 000	3 860 000
Operating Profit	227 000	−372 000	113 000	90 000
Financial Income	1 000	3 000	1 000	1 000
Financial Costs	25 000	13 000	14 000	18 000
Financial Balance	−24 000	−10 000	−13 000	−17 000
Earnings Before Tax	203 000	−381 000	100 000	73 000
Tax	0	−8 000	24 000	17 000
Net Income	203 000	−374 000	76 000	56 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	227 000	150 000	223 000	301 000
Total Current Assets	866 000	522 000	1 014 000	1 002 000
Total Assets	1 093 000	672 000	1 237 000	1 303 000
Total Retained Equity	228 000	25 000	399 000	323 000
Total Equity	258 000	55 000	429 000	353 000
Total Long-Term Debt	302 000	212 000	270 000	315 000
Total Current Debt	533 000	404 000	538 000	636 000
Total Equity and Debt	1 093 000	672 000	1 237 000	1 303 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 996 000	3 387 000	4 614 000	3 950 000
Other Income	0	0	0	0
Revenue	4 996 000	3 387 000	4 614 000	3 950 000
Cost of Goods Sold	2 320 000	1 398 000	1 967 000	1 484 000
Salary Costs	1 637 000	1 687 000	1 790 000	1 810 000
Depreciation	103 000	73 000	73 000	73 000
Impairment	0	0	0	0
Expenditure	4 768 000	3 759 000	4 501 000	3 860 000
Operating Profit	227 000	−372 000	113 000	90 000
Financial Income	1 000	3 000	1 000	1 000
Financial Costs	25 000	13 000	14 000	18 000
Financial Balance	−24 000	−10 000	−13 000	−17 000
Dividends	0	0	0	0
Net Income	203 000	−374 000	76 000	56 000

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	199 000	122 000	195 000	268 000
Total Tangible Assets	199 000	122 000	195 000	268 000
Total Fiancial Fixed Assets	28 000	28 000	28 000	33 000
Total Fixed Assets	227 000	150 000	223 000	301 000
Stock	56 000	35 000	24 000	26 000
Total Investments	0	0	0	0
Cash, Bank	242 000	249 000	475 000	495 000
Total Current Assets	866 000	522 000	1 014 000	1 002 000
Total Assets	1 093 000	672 000	1 237 000	1 303 000
Total Equity	258 000	55 000	429 000	353 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	302 000	212 000	270 000	315 000
Creditors	196 000	146 000	198 000	192 000
Unpaid Taxes	192 000	105 000	153 000	243 000
Dividends	0	0	0	0
Other Current Debt	144 000	153 000	166 000	173 000
Total Current Debt	533 000	404 000	538 000	636 000
Total Equity and Debt	1 093 000	672 000	1 237 000	1 303 000

Financial indicators	2022	2021	2020	2019
Return on Equity	78,68 %	−680 %	17,72 %	15,86 %
Debt-to-Equity Ratio	1,17	3,85	0,63	0,89
Operating Profit Margin	4,54 %	−10,98 %	2,45 %	2,28 %
Current Ratio	1,62	1,29	1,88	1,58
Quick Ratio	1,82	1,41	1,97	1,64
Equity Ratio	0,24	0,08	0,35	0,27
Gross Profit Margin	53,56 %	58,72 %	57,37 %	62,43 %