SALONG MICHEL AS

7650 VERDAL

Finances

Share Ownership

Return on Equity

−200 %

Current Ratio

0,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 599 000	4 809 000	4 923 000	5 781 000
Net Income	−46 000	−32 000	−118 000	395 000
Total Assets	975 000	1 017 000	1 013 000	1 469 000
Total Equity	23 000	69 000	100 000	295 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 599 000	4 809 000	4 923 000	5 781 000
Expenditure	4 655 000	4 848 000	5 070 000	5 274 000
Operating Profit	−55 000	−39 000	−148 000	508 000
Financial Income	0	0	0	1 000
Financial Costs	2 000	2 000	3 000	1 000
Financial Balance	−2 000	−2 000	−3 000	0
Earnings Before Tax	−57 000	−41 000	−151 000	507 000
Tax	−11 000	−9 000	−33 000	112 000
Net Income	−46 000	−32 000	−118 000	395 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	75 000	64 000	55 000	59 000
Total Current Assets	900 000	953 000	958 000	1 410 000
Total Assets	975 000	1 017 000	1 013 000	1 469 000
Total Retained Equity	−77 000	−31 000	0	195 000
Total Equity	23 000	69 000	100 000	295 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	952 000	948 000	913 000	1 174 000
Total Equity and Debt	975 000	1 017 000	1 013 000	1 469 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 599 000	4 809 000	4 866 000	5 781 000
Other Income	0	0	57 000	0
Revenue	4 599 000	4 809 000	4 923 000	5 781 000
Cost of Goods Sold	664 000	716 000	1 025 000	732 000
Salary Costs	3 057 000	3 228 000	3 092 000	3 464 000
Depreciation	0	0	2 000	14 000
Impairment	0	0	0	0
Expenditure	4 655 000	4 848 000	5 070 000	5 274 000
Operating Profit	−55 000	−39 000	−148 000	508 000
Financial Income	0	0	0	1 000
Financial Costs	2 000	2 000	3 000	1 000
Financial Balance	−2 000	−2 000	−3 000	0
Dividends	0	0	77 000	200 000
Net Income	−46 000	−32 000	−118 000	395 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	28 000	17 000	8 000	9 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	2 000
Total Tangible Assets	0	0	0	2 000
Total Fiancial Fixed Assets	47 000	47 000	47 000	47 000
Total Fixed Assets	75 000	64 000	55 000	59 000
Stock	500 000	423 000	441 000	645 000
Total Investments	0	0	0	0
Cash, Bank	358 000	498 000	474 000	760 000
Total Current Assets	900 000	953 000	958 000	1 410 000
Total Assets	975 000	1 017 000	1 013 000	1 469 000
Total Equity	23 000	69 000	100 000	295 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	114 000	80 000	108 000	114 000
Unpaid Taxes	243 000	238 000	266 000	257 000
Dividends	0	0	77 000	200 000
Other Current Debt	596 000	631 000	462 000	494 000
Total Current Debt	952 000	948 000	913 000	1 174 000
Total Equity and Debt	975 000	1 017 000	1 013 000	1 469 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−200 %	−46,38 %	−118 %	133,9 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1,2 %	−0,81 %	−3,01 %	8,79 %
Current Ratio	0,95	1,01	1,05	1,2
Quick Ratio	1,99	1,82	2,03	2,67
Equity Ratio	0,02	0,07	0,1	0,2
Gross Profit Margin	85,56 %	85,11 %	79,18 %	87,34 %