MALERFIRMA MARTIN LUNDE AS

1880 EIDSBERG

Finances

Share Ownership

Return on Equity

76,7 %

Current Ratio

1,56

Debt-to-Equity Ratio

1,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 027 000	2 687 000	2 454 000	3 143 000
Net Income	135 000	−206 000	101 000	167 000
Total Assets	754 000	462 000	509 000	390 000
Total Equity	176 000	41 000	247 000	197 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 027 000	2 687 000	2 454 000	3 143 000
Expenditure	2 873 000	2 876 000	2 319 000	2 929 000
Operating Profit	154 000	−189 000	135 000	214 000
Financial Income	0	0	0	0
Financial Costs	19 000	17 000	1 000	0
Financial Balance	−19 000	−17 000	−1 000	0
Earnings Before Tax	135 000	−206 000	134 000	214 000
Tax	0	0	33 000	47 000
Net Income	135 000	−206 000	101 000	167 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	223 000	278 000	37 000	50 000
Total Current Assets	531 000	184 000	472 000	340 000
Total Assets	754 000	462 000	509 000	390 000
Total Retained Equity	146 000	11 000	217 000	167 000
Total Equity	176 000	41 000	247 000	197 000
Total Long-Term Debt	238 000	267 000	0	0
Total Current Debt	340 000	155 000	262 000	193 000
Total Equity and Debt	754 000	462 000	509 000	390 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 026 000	2 687 000	2 454 000	3 143 000
Other Income	0	0	0	0
Revenue	3 027 000	2 687 000	2 454 000	3 143 000
Cost of Goods Sold	1 633 000	1 638 000	854 000	2 163 000
Salary Costs	838 000	817 000	1 078 000	507 000
Depreciation	56 000	43 000	5 000	6 000
Impairment	0	0	0	0
Expenditure	2 873 000	2 876 000	2 319 000	2 929 000
Operating Profit	154 000	−189 000	135 000	214 000
Financial Income	0	0	0	0
Financial Costs	19 000	17 000	1 000	0
Financial Balance	−19 000	−17 000	−1 000	0
Dividends	0	0	50 000	0
Net Income	135 000	−206 000	101 000	167 000

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	28 000	0	0	0
Fixtures	195 000	278 000	22 000	27 000
Total Tangible Assets	223 000	278 000	22 000	27 000
Total Fiancial Fixed Assets	0	0	16 000	23 000
Total Fixed Assets	223 000	278 000	37 000	50 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	351 000	139 000	452 000	319 000
Total Current Assets	531 000	184 000	472 000	340 000
Total Assets	754 000	462 000	509 000	390 000
Total Equity	176 000	41 000	247 000	197 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	238 000	267 000	0	0
Creditors	153 000	20 000	0	−6 000
Unpaid Taxes	103 000	97 000	145 000	94 000
Dividends	0	0	50 000	0
Other Current Debt	84 000	38 000	84 000	58 000
Total Current Debt	340 000	155 000	262 000	193 000
Total Equity and Debt	754 000	462 000	509 000	390 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,7 %	−502,44 %	40,89 %	84,77 %
Debt-to-Equity Ratio	1,35	6,51	0	0
Operating Profit Margin	5,09 %	−7,03 %	5,5 %	6,81 %
Current Ratio	1,56	1,19	1,8	1,76
Quick Ratio	1,56	1,19	1,8	1,76
Equity Ratio	0,23	0,09	0,49	0,51
Gross Profit Margin	46,05 %	39,04 %	65,2 %	31,18 %