M&M BORGUND II AS

6015 ÅLESUND

Finances

Share Ownership

Return on Equity

51 %

Current Ratio

0,56

Debt-to-Equity Ratio

10,07

Key figures (NOK)	2022	2021	2020
Revenue	131 000	1 303 000	1 610 000
Net Income	51 000	951 000	444 000
Total Assets	2 392 000	2 853 000	3 658 000
Total Equity	100 000	49 000	61 000

Income (NOK)	2022	2021	2020
Revenue	131 000	1 303 000	1 610 000
Expenditure	22 000	46 000	1 006 000
Operating Profit	110 000	1 256 000	604 000
Financial Income	0	0	0
Financial Costs	45 000	36 000	37 000
Financial Balance	−45 000	−36 000	−37 000
Earnings Before Tax	65 000	1 220 000	567 000
Tax	14 000	268 000	124 000
Net Income	51 000	951 000	444 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 670 000	1 684 000	0
Total Current Assets	722 000	1 169 000	3 658 000
Total Assets	2 392 000	2 853 000	3 658 000
Total Retained Equity	70 000	19 000	31 000
Total Equity	100 000	49 000	61 000
Total Long-Term Debt	1 007 000	1 533 000	3 062 000
Total Current Debt	1 286 000	1 270 000	535 000
Total Equity and Debt	2 392 000	2 853 000	3 658 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	1 218 000	1 610 000
Other Income	131 000	85 000	0
Revenue	131 000	1 303 000	1 610 000
Cost of Goods Sold	0	0	1 006 000
Salary Costs	0	0	0
Depreciation	14 000	10 000	0
Impairment	0	0	0
Expenditure	22 000	46 000	1 006 000
Operating Profit	110 000	1 256 000	604 000
Financial Income	0	0	0
Financial Costs	45 000	36 000	37 000
Financial Balance	−45 000	−36 000	−37 000
Dividends	0	0	0
Net Income	51 000	951 000	444 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	1 670 000	1 684 000	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	1 670 000	1 684 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 670 000	1 684 000	0
Stock	0	0	1 980 000
Total Investments	0	0	0
Cash, Bank	683 000	1 169 000	68 000
Total Current Assets	722 000	1 169 000	3 658 000
Total Assets	2 392 000	2 853 000	3 658 000
Total Equity	100 000	49 000	61 000
Short-Term Group Debt	1 235 000	1 235 000	529 000
Total Long-Term Debt	1 007 000	1 533 000	3 062 000
Creditors	0	0	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	40 000	35 000	6 000
Total Current Debt	1 286 000	1 270 000	535 000
Total Equity and Debt	2 392 000	2 853 000	3 658 000

Financial indicators	2022	2021	2020
Return on Equity	51 %	1 940,82 %	727,87 %
Debt-to-Equity Ratio	10,07	31,29	50,2
Operating Profit Margin	83,97 %	96,39 %	37,52 %
Current Ratio	0,56	0,92	6,84
Quick Ratio	0,56	0,92	−2,53
Equity Ratio	0,04	0,02	0,02
Gross Profit Margin	100 %	100 %	37,52 %