MODECA AS

6090 FOSNAVÅG

Finances

Share Ownership

Return on Equity

22,94 %

Current Ratio

1,2

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 611 000	2 578 000	2 613 000	2 229 000
Net Income	214 000	48 000	202 000	−15 000
Total Assets	1 464 000	1 434 000	1 475 000	1 258 000
Total Equity	933 000	719 000	688 000	486 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 611 000	2 578 000	2 613 000	2 229 000
Expenditure	2 330 000	2 490 000	2 359 000	2 193 000
Operating Profit	281 000	88 000	254 000	35 000
Financial Income	0	0	0	0
Financial Costs	15 000	26 000	34 000	50 000
Financial Balance	−15 000	−26 000	−34 000	−50 000
Earnings Before Tax	266 000	61 000	221 000	−15 000
Tax	52 000	13 000	19 000	0
Net Income	214 000	48 000	202 000	−15 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	845 000	866 000	916 000	948 000
Total Current Assets	619 000	568 000	559 000	310 000
Total Assets	1 464 000	1 434 000	1 475 000	1 258 000
Total Retained Equity	879 000	665 000	634 000	432 000
Total Equity	933 000	719 000	688 000	486 000
Total Long-Term Debt	16 000	179 000	242 000	349 000
Total Current Debt	514 000	536 000	545 000	424 000
Total Equity and Debt	1 464 000	1 434 000	1 475 000	1 258 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 611 000	2 578 000	2 613 000	2 229 000
Other Income	0	0	0	0
Revenue	2 611 000	2 578 000	2 613 000	2 229 000
Cost of Goods Sold	1 279 000	1 311 000	1 235 000	1 050 000
Salary Costs	762 000	906 000	830 000	863 000
Depreciation	51 000	50 000	52 000	59 000
Impairment	0	0	0	0
Expenditure	2 330 000	2 490 000	2 359 000	2 193 000
Operating Profit	281 000	88 000	254 000	35 000
Financial Income	0	0	0	0
Financial Costs	15 000	26 000	34 000	50 000
Financial Balance	−15 000	−26 000	−34 000	−50 000
Dividends	0	0	0	0
Net Income	214 000	48 000	202 000	−15 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	800 000	835 000	870 000	886 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	45 000	31 000	46 000	62 000
Total Tangible Assets	845 000	866 000	916 000	948 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	845 000	866 000	916 000	948 000
Stock	574 000	475 000	438 000	219 000
Total Investments	0	0	0	0
Cash, Bank	14 000	38 000	50 000	39 000
Total Current Assets	619 000	568 000	559 000	310 000
Total Assets	1 464 000	1 434 000	1 475 000	1 258 000
Total Equity	933 000	719 000	688 000	486 000
Short-Term Group Debt	120 000	0	0	0
Total Long-Term Debt	16 000	179 000	242 000	349 000
Creditors	57 000	47 000	97 000	36 000
Unpaid Taxes	119 000	175 000	165 000	155 000
Dividends	0	0	0	0
Other Current Debt	158 000	118 000	111 000	84 000
Total Current Debt	514 000	536 000	545 000	424 000
Total Equity and Debt	1 464 000	1 434 000	1 475 000	1 258 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,94 %	6,68 %	29,36 %	−3,09 %
Debt-to-Equity Ratio	0,02	0,25	0,35	0,72
Operating Profit Margin	10,76 %	3,41 %	9,72 %	1,57 %
Current Ratio	1,2	1,06	1,03	0,73
Quick Ratio	−10,32	9,31	5,22	1,51
Equity Ratio	0,64	0,5	0,47	0,39
Gross Profit Margin	51,01 %	49,15 %	52,74 %	52,89 %