MAGNAR ALVESTAD AS

8430 MYRE

Finances

Share Ownership

Return on Equity

−44,64 %

Current Ratio

0,31

Debt-to-Equity Ratio

0,67

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 000	72 000	405 000	171 000
Net Income	−125 000	−114 000	194 000	−165 000
Total Assets	808 000	819 000	1 025 000	849 000
Total Equity	280 000	405 000	519 000	325 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 000	72 000	405 000	171 000
Expenditure	125 000	184 000	191 000	319 000
Operating Profit	−116 000	−113 000	214 000	−148 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	10 000	10 000	14 000	17 000
Financial Balance	−9 000	−9 000	−13 000	−17 000
Earnings Before Tax	−125 000	−121 000	201 000	−165 000
Tax	0	−7 000	7 000	0
Net Income	−125 000	−114 000	194 000	−165 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	701 000	762 000	726 000	782 000
Total Current Assets	107 000	57 000	299 000	67 000
Total Assets	808 000	819 000	1 025 000	849 000
Total Retained Equity	−220 000	−95 000	19 000	−165 000
Total Equity	280 000	405 000	519 000	325 000
Total Long-Term Debt	188 000	271 000	361 000	438 000
Total Current Debt	340 000	143 000	145 000	86 000
Total Equity and Debt	808 000	819 000	1 025 000	849 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 000	72 000	405 000	171 000
Other Income	0	0	0	0
Revenue	9 000	72 000	405 000	171 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	1 000
Depreciation	61 000	59 000	55 000	46 000
Impairment	0	0	0	0
Expenditure	125 000	184 000	191 000	319 000
Operating Profit	−116 000	−113 000	214 000	−148 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	10 000	10 000	14 000	17 000
Financial Balance	−9 000	−9 000	−13 000	−17 000
Dividends	0	0	0	0
Net Income	−125 000	−114 000	194 000	−165 000

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	701 000	762 000	726 000	782 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	701 000	762 000	726 000	782 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	87 000	44 000	283 000	29 000
Total Current Assets	107 000	57 000	299 000	67 000
Total Assets	808 000	819 000	1 025 000	849 000
Total Equity	280 000	405 000	519 000	325 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	188 000	271 000	361 000	438 000
Creditors	10 000	0	4 000	0
Unpaid Taxes	0	0	53 000	0
Dividends	0	0	0	0
Other Current Debt	331 000	143 000	88 000	86 000
Total Current Debt	340 000	143 000	145 000	86 000
Total Equity and Debt	808 000	819 000	1 025 000	849 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−44,64 %	−28,15 %	37,38 %	−50,77 %
Debt-to-Equity Ratio	0,67	0,67	0,7	1,35
Operating Profit Margin	−1 288,89 %	−156,94 %	52,84 %	−86,55 %
Current Ratio	0,31	0,4	2,06	0,78
Quick Ratio	0,31	0,4	2,06	0,78
Equity Ratio	0,35	0,49	0,51	0,38
Gross Profit Margin	100 %	100 %	100 %	100 %