MOUNTAINS OF NORWAY SA

2975 VANG I VALDRES

Finances

Share Ownership

Return on Equity

6,16 %

Current Ratio

4,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 719 000	2 382 000	2 480 000	2 967 000
Net Income	49 000	204 000	122 000	74 000
Total Assets	1 033 000	1 462 000	2 205 000	1 912 000
Total Equity	795 000	746 000	542 000	420 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 719 000	2 382 000	2 480 000	2 967 000
Expenditure	1 648 000	2 109 000	2 315 000	2 863 000
Operating Profit	71 000	272 000	165 000	105 000
Financial Income	0	0	0	0
Financial Costs	7 000	7 000	7 000	9 000
Financial Balance	−7 000	−7 000	−7 000	−9 000
Earnings Before Tax	64 000	265 000	158 000	96 000
Tax	15 000	61 000	37 000	22 000
Net Income	49 000	204 000	122 000	74 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 033 000	1 462 000	2 205 000	1 912 000
Total Assets	1 033 000	1 462 000	2 205 000	1 912 000
Total Retained Equity	795 000	746 000	542 000	420 000
Total Equity	795 000	746 000	542 000	420 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	238 000	716 000	1 663 000	1 492 000
Total Equity and Debt	1 033 000	1 462 000	2 205 000	1 912 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 475 000	1 479 000	1 395 000	1 174 000
Other Income	244 000	903 000	1 085 000	1 793 000
Revenue	1 719 000	2 382 000	2 480 000	2 967 000
Cost of Goods Sold	512 000	1 091 000	1 226 000	2 820 000
Salary Costs	978 000	863 000	942 000	2 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 648 000	2 109 000	2 315 000	2 863 000
Operating Profit	71 000	272 000	165 000	105 000
Financial Income	0	0	0	0
Financial Costs	7 000	7 000	7 000	9 000
Financial Balance	−7 000	−7 000	−7 000	−9 000
Dividends	0	0	0	0
Net Income	49 000	204 000	122 000	74 000

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	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 016 000	543 000	572 000	400 000
Total Current Assets	1 033 000	1 462 000	2 205 000	1 912 000
Total Assets	1 033 000	1 462 000	2 205 000	1 912 000
Total Equity	795 000	746 000	542 000	420 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	29 000	15 000	22 000	293 000
Unpaid Taxes	74 000	60 000	108 000	0
Dividends	0	0	0	0
Other Current Debt	114 000	577 000	1 494 000	1 174 000
Total Current Debt	238 000	716 000	1 663 000	1 492 000
Total Equity and Debt	1 033 000	1 462 000	2 205 000	1 912 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,16 %	27,35 %	22,51 %	17,62 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,13 %	11,42 %	6,65 %	3,54 %
Current Ratio	4,34	2,04	1,33	1,28
Quick Ratio	4,34	2,04	1,33	1,28
Equity Ratio	0,77	0,51	0,25	0,22
Gross Profit Margin	70,22 %	54,2 %	50,56 %	4,95 %