MØBELRINGEN LOFOTEN AS

8300 SVOLVÆR

Finances

Return on Equity

18,33 %

Current Ratio

1,37

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	23 146 000	27 090 000	23 472 000
Net Income	543 000	2 165 000	1 288 000
Total Assets	9 729 000	9 593 000	10 627 000
Total Equity	2 963 000	2 420 000	255 000

Income (NOK)	2022	2021	2020
Revenue	23 146 000	27 090 000	23 472 000
Expenditure	22 464 000	24 311 000	21 819 000
Operating Profit	682 000	2 779 000	1 652 000
Financial Income	19 000	4 000	10 000
Financial Costs	1 000	5 000	1 000
Financial Balance	18 000	−1 000	9 000
Earnings Before Tax	699 000	2 779 000	1 662 000
Tax	156 000	614 000	373 000
Net Income	543 000	2 165 000	1 288 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	490 000	520 000	448 000
Total Current Assets	9 240 000	9 073 000	10 179 000
Total Assets	9 729 000	9 593 000	10 627 000
Total Retained Equity	2 947 000	2 404 000	239 000
Total Equity	2 963 000	2 420 000	255 000
Total Long-Term Debt	−1 000	0	0
Total Current Debt	6 767 000	7 173 000	10 372 000
Total Equity and Debt	9 729 000	9 593 000	10 627 000

Cash flow (NOK)	2022	2021	2020
Sales Income	23 070 000	26 931 000	23 428 000
Other Income	77 000	159 000	44 000
Revenue	23 146 000	27 090 000	23 472 000
Cost of Goods Sold	12 516 000	14 281 000	12 710 000
Salary Costs	5 890 000	6 230 000	5 310 000
Depreciation	75 000	77 000	83 000
Impairment	0	0	0
Expenditure	22 464 000	24 311 000	21 819 000
Operating Profit	682 000	2 779 000	1 652 000
Financial Income	19 000	4 000	10 000
Financial Costs	1 000	5 000	1 000
Financial Balance	18 000	−1 000	9 000
Dividends	0	0	0
Net Income	543 000	2 165 000	1 288 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	29 000	29 000	25 000
Real Eastate	0	0	0
Machinery and Plant Facilities	131 000	142 000	143 000
Fixtures	102 000	120 000	51 000
Total Tangible Assets	232 000	262 000	194 000
Total Fiancial Fixed Assets	228 000	228 000	228 000
Total Fixed Assets	490 000	520 000	448 000
Stock	5 722 000	5 879 000	5 025 000
Total Investments	0	0	0
Cash, Bank	2 057 000	1 660 000	3 143 000
Total Current Assets	9 240 000	9 073 000	10 179 000
Total Assets	9 729 000	9 593 000	10 627 000
Total Equity	2 963 000	2 420 000	255 000
Short-Term Group Debt	3 837 000	3 837 000	6 337 000
Total Long-Term Debt	−1 000	0	0
Creditors	545 000	335 000	993 000
Unpaid Taxes	1 280 000	1 229 000	1 287 000
Dividends	0	0	0
Other Current Debt	949 000	1 154 000	1 375 000
Total Current Debt	6 767 000	7 173 000	10 372 000
Total Equity and Debt	9 729 000	9 593 000	10 627 000

Financial indicators	2022	2021	2020
Return on Equity	18,33 %	89,46 %	505,1 %
Debt-to-Equity Ratio	−0	0	0
Operating Profit Margin	2,95 %	10,26 %	7,04 %
Current Ratio	1,37	1,26	0,98
Quick Ratio	8,84	7,01	1,9
Equity Ratio	0,3	0,25	0,02
Gross Profit Margin	45,93 %	47,28 %	45,85 %