MAFFEIS ENGINEERING NORGE AS

9513 ALTA

Finances

Share Ownership

Return on Equity

90,92 %

Current Ratio

2,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 746 000	7 663 000	1 595 000	0
Net Income	3 724 000	604 000	−270 000	0
Total Assets	8 096 000	2 334 000	933 000	51 000
Total Equity	4 096 000	372 000	−232 000	38 000

Income (NOK)	2022	2021	2020
Revenue	17 746 000	7 663 000	1 595 000
Expenditure	12 950 000	6 967 000	1 864 000
Operating Profit	4 795 000	695 000	−269 000
Financial Income	18 000	1 000	0
Financial Costs	39 000	1 000	1 000
Financial Balance	−21 000	0	−1 000
Earnings Before Tax	4 774 000	696 000	−270 000
Tax	1 050 000	92 000	0
Net Income	3 724 000	604 000	−270 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 000	2 000	2 000	0
Total Current Assets	8 094 000	2 332 000	931 000	51 000
Total Assets	8 096 000	2 334 000	933 000	51 000
Total Retained Equity	4 058 000	334 000	−270 000	0
Total Equity	4 096 000	372 000	−232 000	38 000
Total Long-Term Debt	0	3 000	0	0
Total Current Debt	4 000 000	1 958 000	1 165 000	13 000
Total Equity and Debt	8 096 000	2 334 000	933 000	51 000

Cash flow (NOK)	2022	2021	2020
Sales Income	17 746 000	7 663 000	1 595 000
Other Income	0	0	0
Revenue	17 746 000	7 663 000	1 595 000
Cost of Goods Sold	11 185 000	5 265 000	276 000
Salary Costs	1 588 000	1 528 000	1 456 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	12 950 000	6 967 000	1 864 000
Operating Profit	4 795 000	695 000	−269 000
Financial Income	18 000	1 000	0
Financial Costs	39 000	1 000	1 000
Financial Balance	−21 000	0	−1 000
Dividends	0	0	0
Net Income	3 724 000	604 000	−270 000

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	0	0	0	0
Total Fiancial Fixed Assets	2 000	2 000	2 000	0
Total Fixed Assets	2 000	2 000	2 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 895 000	1 598 000	922 000	51 000
Total Current Assets	8 094 000	2 332 000	931 000	51 000
Total Assets	8 096 000	2 334 000	933 000	51 000
Total Equity	4 096 000	372 000	−232 000	38 000
Short-Term Group Debt	0	893 000	893 000	1 000
Total Long-Term Debt	0	3 000	0	0
Creditors	2 497 000	629 000	32 000	0
Unpaid Taxes	311 000	214 000	112 000	0
Dividends	0	0	0	0
Other Current Debt	139 000	134 000	128 000	12 000
Total Current Debt	4 000 000	1 958 000	1 165 000	13 000
Total Equity and Debt	8 096 000	2 334 000	933 000	51 000

Financial indicators	2022	2021	2020	2019
Return on Equity	90,92 %	162,37 %	116,38 %	0 %
Debt-to-Equity Ratio	0	0,01	−0	0
Operating Profit Margin	27,02 %	9,07 %	−16,87 %	-
Current Ratio	2,02	1,19	0,8	3,92
Quick Ratio	2,02	1,19	0,8	3,92
Equity Ratio	0,51	0,16	−0,25	0,75
Gross Profit Margin	36,97 %	31,29 %	82,7 %	-