M INDUSTRI AS

4033 STAVANGER

Finances

Return on Equity

−5,41 %

Current Ratio

1,05

Debt-to-Equity Ratio

0,52

Key figures (NOK)	2022	2021	2020
Revenue	5 753 207 000	5 030 871 000	4 730 431 000
Net Income	−116 733 000	−143 244 000	−391 128 000
Total Assets	4 846 583 000	5 015 312 000	6 776 145 000
Total Equity	2 157 215 000	2 259 635 000	2 546 755 000

Income (NOK)	2022	2021	2020
Revenue	5 753 207 000	5 030 871 000	4 730 431 000
Expenditure	5 851 760 000	5 121 421 000	4 919 196 000
Operating Profit	−98 553 000	−90 550 000	−188 765 000
Financial Income	115 438 000	45 236 000	−65 958 000
Financial Costs	143 637 000	133 569 000	170 989 000
Financial Balance	−28 199 000	−88 333 000	−236 947 000
Earnings Before Tax	−126 752 000	−178 883 000	−425 712 000
Tax	10 198 000	−46 715 000	−34 584 000
Net Income	−116 733 000	−143 244 000	−391 128 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	3 185 259 000	3 430 624 000	4 639 324 000
Total Current Assets	1 661 324 000	1 584 688 000	2 136 821 000
Total Assets	4 846 583 000	5 015 312 000	6 776 145 000
Total Retained Equity	160 490 000	−1 156 683 000	−990 843 000
Total Equity	2 157 215 000	2 259 635 000	2 546 755 000
Total Long-Term Debt	1 112 949 000	1 263 438 000	1 418 569 000
Total Current Debt	1 576 418 000	1 492 238 000	2 810 820 000
Total Equity and Debt	4 846 582 000	5 015 311 000	6 776 144 000

Cash flow (NOK)	2022	2021	2020
Sales Income	5 731 449 000	5 005 328 000	4 730 431 000
Other Income	21 758 000	25 543 000	0
Revenue	5 753 207 000	5 030 871 000	4 730 431 000
Cost of Goods Sold	3 141 900 000	2 647 266 000	2 076 677 000
Salary Costs	1 950 480 000	1 865 870 000	1 849 480 000
Depreciation	394 762 000	257 322 000	625 004 000
Impairment	0	0	0
Expenditure	5 851 760 000	5 121 421 000	4 919 196 000
Operating Profit	−98 553 000	−90 550 000	−188 765 000
Financial Income	115 438 000	45 236 000	−65 958 000
Financial Costs	143 637 000	133 569 000	170 989 000
Financial Balance	−28 199 000	−88 333 000	−236 947 000
Dividends	0	0	0
Net Income	−116 733 000	−143 244 000	−391 128 000

Balance details (NOK)	2022	2021	2020
Goodwill	1 579 000 000	1 750 392 000	1 887 501 000
Total Intangible Assets	2 620 164 000	2 936 000 000	3 368 751 000
Real Eastate	0	143 582 000	0
Machinery and Plant Facilities	0	0	1 126 725 000
Fixtures	76 030 000	0	0
Total Tangible Assets	76 030 000	143 582 000	1 126 725 000
Total Fiancial Fixed Assets	489 065 000	351 042 000	143 848 000
Total Fixed Assets	3 185 259 000	3 430 624 000	4 639 324 000
Stock	56 977 000	109 817 000	174 496 000
Total Investments	0	0	0
Cash, Bank	201 605 000	298 917 000	651 265 000
Total Current Assets	1 661 324 000	1 584 688 000	2 136 821 000
Total Assets	4 846 583 000	5 015 312 000	6 776 145 000
Total Equity	2 157 215 000	2 259 635 000	2 546 755 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 112 949 000	1 263 438 000	1 418 569 000
Creditors	522 177 000	492 469 000	611 037 000
Unpaid Taxes	147 793 000	183 397 000	253 939 000
Dividends	0	0	0
Other Current Debt	858 092 000	753 067 000	1 017 868 000
Total Current Debt	1 576 418 000	1 492 238 000	2 810 820 000
Total Equity and Debt	4 846 582 000	5 015 311 000	6 776 144 000

Financial indicators	2022	2021	2020
Return on Equity	−5,41 %	−6,34 %	−15,36 %
Debt-to-Equity Ratio	0,52	0,56	0,56
Operating Profit Margin	−1,71 %	−1,8 %	−3,99 %
Current Ratio	1,05	1,06	0,76
Quick Ratio	1,09	1,15	0,81
Equity Ratio	0,45	0,45	0,38
Gross Profit Margin	45,39 %	47,38 %	56,1 %