MAGMA FASHION AS

9008 TROMSØ

Finances

Return on Equity

11,27 %

Current Ratio

1,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	3 184 000	3 082 000	472 000
Net Income	55 000	190 000	50 000
Total Assets	2 055 000	1 978 000	978 000
Total Equity	488 000	434 000	244 000

Income (NOK)	2022	2021	2020
Revenue	3 184 000	3 082 000	472 000
Expenditure	3 002 000	2 777 000	388 000
Operating Profit	182 000	304 000	84 000
Financial Income	0	0	0
Financial Costs	109 000	61 000	20 000
Financial Balance	−109 000	−61 000	−20 000
Earnings Before Tax	73 000	243 000	64 000
Tax	18 000	53 000	14 000
Net Income	55 000	190 000	50 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	128 000	166 000	194 000
Total Current Assets	1 927 000	1 811 000	784 000
Total Assets	2 055 000	1 978 000	978 000
Total Retained Equity	288 000	239 000	50 000
Total Equity	488 000	434 000	244 000
Total Long-Term Debt	0	73 000	0
Total Current Debt	1 567 000	1 471 000	734 000
Total Equity and Debt	2 055 000	1 978 000	978 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 184 000	2 782 000	472 000
Other Income	0	300 000	0
Revenue	3 184 000	3 082 000	472 000
Cost of Goods Sold	1 675 000	1 580 000	158 000
Salary Costs	637 000	569 000	34 000
Depreciation	59 000	52 000	11 000
Impairment	0	0	0
Expenditure	3 002 000	2 777 000	388 000
Operating Profit	182 000	304 000	84 000
Financial Income	0	0	0
Financial Costs	109 000	61 000	20 000
Financial Balance	−109 000	−61 000	−20 000
Dividends	0	0	0
Net Income	55 000	190 000	50 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	54 000	113 000	141 000
Total Tangible Assets	54 000	113 000	141 000
Total Fiancial Fixed Assets	74 000	53 000	53 000
Total Fixed Assets	128 000	166 000	194 000
Stock	1 872 000	1 742 000	569 000
Total Investments	0	0	0
Cash, Bank	22 000	32 000	16 000
Total Current Assets	1 927 000	1 811 000	784 000
Total Assets	2 055 000	1 978 000	978 000
Total Equity	488 000	434 000	244 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	73 000	0
Creditors	551 000	506 000	363 000
Unpaid Taxes	101 000	80 000	7 000
Dividends	0	0	0
Other Current Debt	128 000	824 000	22 000
Total Current Debt	1 567 000	1 471 000	734 000
Total Equity and Debt	2 055 000	1 978 000	978 000

Financial indicators	2022	2021	2020
Return on Equity	11,27 %	43,78 %	20,49 %
Debt-to-Equity Ratio	0	0,17	0
Operating Profit Margin	5,72 %	9,86 %	17,8 %
Current Ratio	1,23	1,23	1,07
Quick Ratio	−6,32	−6,68	4,75
Equity Ratio	0,24	0,22	0,25
Gross Profit Margin	47,39 %	48,73 %	66,53 %