MINIFLENS AS

6265 VATNE

Finances

Return on Equity

−3,43 %

Current Ratio

7,53

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	398 000	976 000	262 000	327 000
Net Income	−101 000	−55 000	−171 000	−314 000
Total Assets	3 362 000	3 312 000	3 849 000	3 402 000
Total Equity	2 946 000	3 047 000	3 102 000	3 273 000

Income (NOK)	2022	2021	2020	2019
Revenue	398 000	976 000	262 000	327 000
Expenditure	569 000	1 042 000	485 000	739 000
Operating Profit	−170 000	−67 000	−224 000	−411 000
Financial Income	43 000	0	5 000	10 000
Financial Costs	2 000	3 000	1 000	2 000
Financial Balance	41 000	−3 000	4 000	8 000
Earnings Before Tax	−129 000	−71 000	−220 000	−403 000
Tax	−28 000	−16 000	−48 000	−89 000
Net Income	−101 000	−55 000	−171 000	−314 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	229 000	281 000	386 000	458 000
Total Current Assets	3 134 000	3 031 000	3 463 000	2 944 000
Total Assets	3 362 000	3 312 000	3 849 000	3 402 000
Total Retained Equity	2 846 000	3 047 000	3 102 000	3 273 000
Total Equity	2 946 000	3 047 000	3 102 000	3 273 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	416 000	265 000	747 000	129 000
Total Equity and Debt	3 362 000	3 312 000	3 849 000	3 402 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	398 000	976 000	262 000	327 000
Other Income	0	0	0	0
Revenue	398 000	976 000	262 000	327 000
Cost of Goods Sold	219 000	599 000	120 000	123 000
Salary Costs	1 000	0	0	4 000
Depreciation	81 000	120 000	120 000	113 000
Impairment	0	0	0	0
Expenditure	569 000	1 042 000	485 000	739 000
Operating Profit	−170 000	−67 000	−224 000	−411 000
Financial Income	43 000	0	5 000	10 000
Financial Costs	2 000	3 000	1 000	2 000
Financial Balance	41 000	−3 000	4 000	8 000
Dividends	0	0	0	0
Net Income	−101 000	−55 000	−171 000	−314 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	169 000	141 000	125 000	77 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	59 000	128 000	203 000	278 000
Fixtures	0	11 000	57 000	103 000
Total Tangible Assets	59 000	140 000	260 000	380 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	229 000	281 000	386 000	458 000
Stock	950 000	1 050 000	750 000	870 000
Total Investments	1 240 000	0	0	0
Cash, Bank	814 000	1 918 000	2 713 000	1 995 000
Total Current Assets	3 134 000	3 031 000	3 463 000	2 944 000
Total Assets	3 362 000	3 312 000	3 849 000	3 402 000
Total Equity	2 946 000	3 047 000	3 102 000	3 273 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	107 000
Unpaid Taxes	15 000	−12 000	−12 000	−14 000
Dividends	0	0	0	0
Other Current Debt	401 000	277 000	759 000	36 000
Total Current Debt	416 000	265 000	747 000	129 000
Total Equity and Debt	3 362 000	3 312 000	3 849 000	3 402 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,43 %	−1,81 %	−5,51 %	−9,59 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−42,71 %	−6,86 %	−85,5 %	−125,69 %
Current Ratio	7,53	11,44	4,64	22,82
Quick Ratio	−5,87	−3,86	−1 154,33	−3,97
Equity Ratio	0,88	0,92	0,81	0,96
Gross Profit Margin	44,97 %	38,63 %	54,2 %	62,39 %