MAD 10 AS

4306 SANDNES

Finances

Share Ownership

Return on Equity

53,1 %

Current Ratio

0,42

Debt-to-Equity Ratio

−0,22

Key figures (NOK)	2022	2021	2020
Revenue	12 824 000	12 073 000	13 016 000
Net Income	−1 567 000	−261 000	−827 000
Total Assets	3 038 000	2 657 000	2 504 000
Total Equity	−2 951 000	−1 384 000	−1 123 000

Income (NOK)	2022	2021	2020
Revenue	12 824 000	12 073 000	13 016 000
Expenditure	14 331 000	12 280 000	13 766 000
Operating Profit	−1 507 000	−208 000	−750 000
Financial Income	0	0	0
Financial Costs	60 000	53 000	77 000
Financial Balance	−60 000	−53 000	−77 000
Earnings Before Tax	−1 567 000	−261 000	−827 000
Tax	0	0	0
Net Income	−1 567 000	−261 000	−827 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	768 000	860 000	838 000
Total Current Assets	2 270 000	1 797 000	1 666 000
Total Assets	3 038 000	2 657 000	2 504 000
Total Retained Equity	−2 981 000	−1 414 000	−1 153 000
Total Equity	−2 951 000	−1 384 000	−1 123 000
Total Long-Term Debt	646 000	780 000	910 000
Total Current Debt	5 343 000	3 261 000	2 717 000
Total Equity and Debt	3 038 000	2 657 000	2 504 000

Cash flow (NOK)	2022	2021	2020
Sales Income	12 734 000	11 290 000	13 011 000
Other Income	90 000	783 000	5 000
Revenue	12 824 000	12 073 000	13 016 000
Cost of Goods Sold	5 279 000	4 790 000	5 782 000
Salary Costs	4 949 000	4 448 000	5 095 000
Depreciation	157 000	148 000	134 000
Impairment	0	0	0
Expenditure	14 331 000	12 280 000	13 766 000
Operating Profit	−1 507 000	−208 000	−750 000
Financial Income	0	0	0
Financial Costs	60 000	53 000	77 000
Financial Balance	−60 000	−53 000	−77 000
Dividends	0	0	0
Net Income	−1 567 000	−261 000	−827 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	532 000	605 000	534 000
Machinery and Plant Facilities	0	0	0
Fixtures	235 000	255 000	304 000
Total Tangible Assets	768 000	860 000	838 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	768 000	860 000	838 000
Stock	927 000	747 000	568 000
Total Investments	0	0	0
Cash, Bank	777 000	223 000	493 000
Total Current Assets	2 270 000	1 797 000	1 666 000
Total Assets	3 038 000	2 657 000	2 504 000
Total Equity	−2 951 000	−1 384 000	−1 123 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	646 000	780 000	910 000
Creditors	2 656 000	1 410 000	994 000
Unpaid Taxes	519 000	386 000	499 000
Dividends	0	0	0
Other Current Debt	2 168 000	1 466 000	1 224 000
Total Current Debt	5 343 000	3 261 000	2 717 000
Total Equity and Debt	3 038 000	2 657 000	2 504 000

Financial indicators	2022	2021	2020
Return on Equity	53,1 %	18,86 %	73,64 %
Debt-to-Equity Ratio	−0,22	−0,56	−0,81
Operating Profit Margin	−11,75 %	−1,72 %	−5,76 %
Current Ratio	0,42	0,55	0,61
Quick Ratio	0,51	0,71	0,78
Equity Ratio	−0,97	−0,52	−0,45
Gross Profit Margin	58,83 %	60,32 %	55,58 %