MODUS SURF NORDIC I AS

4878 GRIMSTAD

Finances

Return on Equity

−83,91 %

Current Ratio

18,61

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	−9 712 000	−326 000	231 000	70 000
Net Income	−10 098 000	−293 000	149 000	60 000
Total Assets	12 690 000	36 916 000	1 012 000	826 000
Total Equity	12 034 000	22 132 000	713 000	564 000

Income (NOK)	2022	2021	2020	2019
Revenue	−9 712 000	−326 000	231 000	70 000
Expenditure	660 000	368 000	83 000	14 000
Operating Profit	−10 373 000	−694 000	148 000	56 000
Financial Income	75 000	473 000	0	0
Financial Costs	65 000	210 000	9 000	1 000
Financial Balance	10 000	263 000	−9 000	−1 000
Earnings Before Tax	−10 362 000	−431 000	140 000	55 000
Tax	−264 000	−138 000	−9 000	−4 000
Net Income	−10 098 000	−293 000	149 000	60 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	466 000	156 000	14 000	4 000
Total Current Assets	12 224 000	36 760 000	997 000	822 000
Total Assets	12 690 000	36 916 000	1 012 000	826 000
Total Retained Equity	−10 391 000	−293 000	208 000	60 000
Total Equity	12 034 000	22 132 000	713 000	564 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	657 000	14 784 000	299 000	262 000
Total Equity and Debt	12 690 000	36 916 000	1 012 000	826 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	−9 712 000	−326 000	231 000	70 000
Revenue	−9 712 000	−326 000	231 000	70 000
Cost of Goods Sold	0	0	0	0
Salary Costs	118 000	58 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	660 000	368 000	83 000	14 000
Operating Profit	−10 373 000	−694 000	148 000	56 000
Financial Income	75 000	473 000	0	0
Financial Costs	65 000	210 000	9 000	1 000
Financial Balance	10 000	263 000	−9 000	−1 000
Dividends	0	208 000	0	0
Net Income	−10 098 000	−293 000	149 000	60 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	466 000	156 000	14 000	4 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	466 000	156 000	14 000	4 000
Stock	0	0	0	0
Total Investments	12 206 000	36 749 000	994 000	817 000
Cash, Bank	1 000	2 000	4 000	4 000
Total Current Assets	12 224 000	36 760 000	997 000	822 000
Total Assets	12 690 000	36 916 000	1 012 000	826 000
Total Equity	12 034 000	22 132 000	713 000	564 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	460 000	226 000	38 000	13 000
Unpaid Taxes	0	0	0	0
Dividends	0	208 000	0	0
Other Current Debt	104 000	58 000	3 000	1 000
Total Current Debt	657 000	14 784 000	299 000	262 000
Total Equity and Debt	12 690 000	36 916 000	1 012 000	826 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−83,91 %	−1,32 %	20,9 %	10,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	106,81 %	212,88 %	64,07 %	80 %
Current Ratio	18,61	2,49	3,33	3,14
Quick Ratio	18,61	2,49	3,33	3,14
Equity Ratio	0,95	0,6	0,7	0,68
Gross Profit Margin	100 %	100 %	100 %	100 %

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