MUSTAD UTVIKLING AS

3970 LANGESUND

Finances

Return on Equity

4,5 %

Current Ratio

1,2

Debt-to-Equity Ratio

1,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 834 000	78 431 000	30 425 000	5 570 000
Net Income	232 000	336 000	97 000	−75 000
Total Assets	36 312 000	57 423 000	64 236 000	24 202 000
Total Equity	5 153 000	5 396 000	5 130 000	33 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 834 000	78 431 000	30 425 000	5 570 000
Expenditure	11 721 000	76 051 000	29 145 000	5 074 000
Operating Profit	1 113 000	2 381 000	1 281 000	496 000
Financial Income	84 000	1 000	0	0
Financial Costs	901 000	1 952 000	1 157 000	613 000
Financial Balance	−817 000	−1 951 000	−1 157 000	−613 000
Earnings Before Tax	297 000	430 000	124 000	−117 000
Tax	65 000	95 000	27 000	−42 000
Net Income	232 000	336 000	97 000	−75 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 014 000	7 023 000	7 017 000	7 025 000
Total Current Assets	29 297 000	50 400 000	57 220 000	17 177 000
Total Assets	36 312 000	57 423 000	64 236 000	24 202 000
Total Retained Equity	−29 000	214 000	−53 000	−149 000
Total Equity	5 153 000	5 396 000	5 130 000	33 000
Total Long-Term Debt	6 658 000	6 850 000	6 912 000	6 949 000
Total Current Debt	24 500 000	45 177 000	52 195 000	17 220 000
Total Equity and Debt	36 312 000	57 423 000	64 236 000	24 202 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 530 000	78 167 000	30 113 000	5 450 000
Other Income	304 000	264 000	312 000	120 000
Revenue	12 834 000	78 431 000	30 425 000	5 570 000
Cost of Goods Sold	10 548 000	74 260 000	27 640 000	4 792 000
Salary Costs	0	0	0	0
Depreciation	9 000	9 000	9 000	4 000
Impairment	0	0	0	0
Expenditure	11 721 000	76 051 000	29 145 000	5 074 000
Operating Profit	1 113 000	2 381 000	1 281 000	496 000
Financial Income	84 000	1 000	0	0
Financial Costs	901 000	1 952 000	1 157 000	613 000
Financial Balance	−817 000	−1 951 000	−1 157 000	−613 000
Dividends	0	0	0	0
Net Income	232 000	336 000	97 000	−75 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	6 987 000	6 987 000	6 987 000	6 987 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	13 000	21 000	30 000	39 000
Total Tangible Assets	6 999 000	7 008 000	7 017 000	7 025 000
Total Fiancial Fixed Assets	15 000	15 000	0	0
Total Fixed Assets	7 014 000	7 023 000	7 017 000	7 025 000
Stock	15 883 000	4 722 000	26 349 000	16 889 000
Total Investments	0	0	0	0
Cash, Bank	293 000	6 288 000	389 000	84 000
Total Current Assets	29 297 000	50 400 000	57 220 000	17 177 000
Total Assets	36 312 000	57 423 000	64 236 000	24 202 000
Total Equity	5 153 000	5 396 000	5 130 000	33 000
Short-Term Group Debt	3 453 000	1 564 000	5 667 000	2 967 000
Total Long-Term Debt	6 658 000	6 850 000	6 912 000	6 949 000
Creditors	167 000	7 791 000	4 959 000	15 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	6 813 000	3 480 000	665 000	2 507 000
Total Current Debt	24 500 000	45 177 000	52 195 000	17 220 000
Total Equity and Debt	36 312 000	57 423 000	64 236 000	24 202 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,5 %	6,23 %	1,89 %	−227,27 %
Debt-to-Equity Ratio	1,29	1,27	1,35	210,58
Operating Profit Margin	8,67 %	3,04 %	4,21 %	8,9 %
Current Ratio	1,2	1,12	1,1	1
Quick Ratio	3,4	1,25	2,21	51,89
Equity Ratio	0,14	0,09	0,08	0
Gross Profit Margin	17,81 %	5,32 %	9,15 %	13,97 %