MICROTRENCHING NORGE AS

3516 HØNEFOSS

Finances

Share Ownership

Return on Equity

43,82 %

Current Ratio

0,6

Debt-to-Equity Ratio

−0,47

Key figures (NOK)	2020	2019	2018
Revenue	33 208 000	32 097 000	8 283 000
Net Income	−1 414 000	−4 846 000	148 000
Total Assets	7 248 000	7 549 000	3 877 000
Total Equity	−3 227 000	−3 504 000	172 000

Income (NOK)	2020	2019	2018
Revenue	33 208 000	32 097 000	8 283 000
Expenditure	33 843 000	36 829 000	8 077 000
Operating Profit	−633 000	−4 733 000	206 000
Financial Income	63 000	18 000	4 000
Financial Costs	404 000	146 000	20 000
Financial Balance	−341 000	−128 000	−16 000
Earnings Before Tax	−975 000	−4 862 000	190 000
Tax	439 000	−16 000	42 000
Net Income	−1 414 000	−4 846 000	148 000

Balance (NOK)	2020	2019	2018
Total Fixed Assets	1 843 000	2 081 000	428 000
Total Current Assets	5 405 000	5 468 000	3 450 000
Total Assets	7 248 000	7 549 000	3 877 000
Total Retained Equity	−6 118 000	−4 704 000	142 000
Total Equity	−3 227 000	−3 504 000	172 000
Total Long-Term Debt	1 511 000	1 983 000	434 000
Total Current Debt	8 965 000	9 069 000	3 271 000
Total Equity and Debt	7 248 000	7 549 000	3 877 000

Cash flow (NOK)	2020	2019	2018
Sales Income	33 051 000	32 097 000	8 283 000
Other Income	157 000	0	0
Revenue	33 208 000	32 097 000	8 283 000
Cost of Goods Sold	7 170 000	7 696 000	1 280 000
Salary Costs	14 036 000	15 978 000	4 053 000
Depreciation	353 000	183 000	20 000
Impairment	0	0	0
Expenditure	33 843 000	36 829 000	8 077 000
Operating Profit	−633 000	−4 733 000	206 000
Financial Income	63 000	18 000	4 000
Financial Costs	404 000	146 000	20 000
Financial Balance	−341 000	−128 000	−16 000
Dividends	0	0	0
Net Income	−1 414 000	−4 846 000	148 000

Balance details (NOK)	2020	2019	2018
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	683 000	500 000	0
Fixtures	889 000	791 000	388 000
Total Tangible Assets	1 572 000	1 291 000	388 000
Total Fiancial Fixed Assets	271 000	790 000	40 000
Total Fixed Assets	1 843 000	2 081 000	428 000
Stock	911 000	911 000	0
Total Investments	0	0	0
Cash, Bank	1 937 000	884 000	704 000
Total Current Assets	5 405 000	5 468 000	3 450 000
Total Assets	7 248 000	7 549 000	3 877 000
Total Equity	−3 227 000	−3 504 000	172 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 511 000	1 983 000	434 000
Creditors	2 461 000	2 487 000	1 657 000
Unpaid Taxes	2 908 000	1 766 000	1 194 000
Dividends	0	0	0
Other Current Debt	3 596 000	4 678 000	394 000
Total Current Debt	8 965 000	9 069 000	3 271 000
Total Equity and Debt	7 248 000	7 549 000	3 877 000

Financial indicators	2020	2019	2018
Return on Equity	43,82 %	138,3 %	86,05 %
Debt-to-Equity Ratio	−0,47	−0,57	2,52
Operating Profit Margin	−1,91 %	−14,75 %	2,49 %
Current Ratio	0,6	0,6	1,05
Quick Ratio	0,67	0,67	1,05
Equity Ratio	−0,45	−0,46	0,04
Gross Profit Margin	78,41 %	76,02 %	84,55 %