MADSEN DESIGN AS

4319 SANDNES

Finances

Share Ownership

Return on Equity

5,1 %

Current Ratio

3,47

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 652 000	5 089 000	3 020 000	4 325 000
Net Income	194 000	504 000	−133 000	604 000
Total Assets	5 876 000	5 511 000	4 654 000	5 027 000
Total Equity	3 804 000	3 610 000	3 106 000	3 238 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 652 000	5 089 000	3 020 000	4 325 000
Expenditure	5 423 000	4 550 000	3 114 000	3 702 000
Operating Profit	229 000	538 000	−93 000	622 000
Financial Income	1 000	0	0	0
Financial Costs	35 000	34 000	40 000	18 000
Financial Balance	−34 000	−34 000	−40 000	−18 000
Earnings Before Tax	194 000	504 000	−133 000	604 000
Tax	0	0	0	0
Net Income	194 000	504 000	−133 000	604 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	512 000	629 000	817 000	827 000
Total Current Assets	5 364 000	4 883 000	3 837 000	4 200 000
Total Assets	5 876 000	5 511 000	4 654 000	5 027 000
Total Retained Equity	104 000	−90 000	−594 000	−462 000
Total Equity	3 804 000	3 610 000	3 106 000	3 238 000
Total Long-Term Debt	525 000	638 000	750 000	863 000
Total Current Debt	1 546 000	1 264 000	798 000	926 000
Total Equity and Debt	5 876 000	5 511 000	4 654 000	5 027 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 628 000	4 794 000	2 927 000	4 195 000
Other Income	24 000	295 000	93 000	130 000
Revenue	5 652 000	5 089 000	3 020 000	4 325 000
Cost of Goods Sold	2 393 000	1 536 000	1 157 000	1 415 000
Salary Costs	1 196 000	1 441 000	647 000	922 000
Depreciation	254 000	234 000	209 000	119 000
Impairment	0	0	0	0
Expenditure	5 423 000	4 550 000	3 114 000	3 702 000
Operating Profit	229 000	538 000	−93 000	622 000
Financial Income	1 000	0	0	0
Financial Costs	35 000	34 000	40 000	18 000
Financial Balance	−34 000	−34 000	−40 000	−18 000
Dividends	0	0	0	0
Net Income	194 000	504 000	−133 000	604 000

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	512 000	629 000	817 000	827 000
Total Tangible Assets	512 000	629 000	817 000	827 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	512 000	629 000	817 000	827 000
Stock	4 354 000	3 598 000	3 052 000	3 084 000
Total Investments	0	0	0	0
Cash, Bank	781 000	866 000	207 000	340 000
Total Current Assets	5 364 000	4 883 000	3 837 000	4 200 000
Total Assets	5 876 000	5 511 000	4 654 000	5 027 000
Total Equity	3 804 000	3 610 000	3 106 000	3 238 000
Short-Term Group Debt	700 000	429 000	0	0
Total Long-Term Debt	525 000	638 000	750 000	863 000
Creditors	277 000	144 000	331 000	332 000
Unpaid Taxes	332 000	431 000	243 000	243 000
Dividends	0	0	0	0
Other Current Debt	237 000	260 000	224 000	351 000
Total Current Debt	1 546 000	1 264 000	798 000	926 000
Total Equity and Debt	5 876 000	5 511 000	4 654 000	5 027 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,1 %	13,96 %	−4,28 %	18,65 %
Debt-to-Equity Ratio	0,14	0,18	0,24	0,27
Operating Profit Margin	4,05 %	10,57 %	−3,08 %	14,38 %
Current Ratio	3,47	3,86	4,81	4,54
Quick Ratio	−1,91	−2,09	−1,7	−1,95
Equity Ratio	0,65	0,66	0,67	0,64
Gross Profit Margin	57,66 %	69,82 %	61,69 %	67,28 %