MASSIVE SCANDINAVIA AS

0766 OSLO

Finances

Share Ownership

Return on Equity

−43,29 %

Current Ratio

0,31

Debt-to-Equity Ratio

−0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 808 000	2 316 000	836 000	1 784 000
Net Income	590 000	376 000	−102 000	−523 000
Total Assets	3 344 000	5 294 000	6 338 000	6 654 000
Total Equity	−1 363 000	−1 952 000	−2 328 000	−3 618 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 808 000	2 316 000	836 000	1 784 000
Expenditure	3 155 000	1 824 000	940 000	2 291 000
Operating Profit	653 000	493 000	−105 000	−507 000
Financial Income	13 000	13 000	8 000	13 000
Financial Costs	76 000	131 000	5 000	29 000
Financial Balance	−63 000	−118 000	3 000	−16 000
Earnings Before Tax	590 000	376 000	−102 000	−523 000
Tax	0	0	0	0
Net Income	590 000	376 000	−102 000	−523 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 920 000	4 060 000	4 724 000	5 555 000
Total Current Assets	1 424 000	1 234 000	1 614 000	1 099 000
Total Assets	3 344 000	5 294 000	6 338 000	6 654 000
Total Retained Equity	−3 863 000	−4 452 000	−4 828 000	−6 118 000
Total Equity	−1 363 000	−1 952 000	−2 328 000	−3 618 000
Total Long-Term Debt	138 000	1 938 000	2 538 000	2 538 000
Total Current Debt	4 568 000	5 309 000	6 128 000	7 734 000
Total Equity and Debt	3 344 000	5 294 000	6 338 000	6 654 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 808 000	2 215 000	836 000	1 784 000
Other Income	0	102 000	0	0
Revenue	3 808 000	2 316 000	836 000	1 784 000
Cost of Goods Sold	537 000	103 000	41 000	1 138 000
Salary Costs	40 000	19 000	0	0
Depreciation	340 000	664 000	664 000	706 000
Impairment	0	0	0	0
Expenditure	3 155 000	1 824 000	940 000	2 291 000
Operating Profit	653 000	493 000	−105 000	−507 000
Financial Income	13 000	13 000	8 000	13 000
Financial Costs	76 000	131 000	5 000	29 000
Financial Balance	−63 000	−118 000	3 000	−16 000
Dividends	0	0	0	0
Net Income	590 000	376 000	−102 000	−523 000

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	105 000
Fixtures	1 920 000	4 060 000	4 724 000	5 450 000
Total Tangible Assets	1 920 000	4 060 000	4 724 000	5 555 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 920 000	4 060 000	4 724 000	5 555 000
Stock	200 000	200 000	200 000	200 000
Total Investments	0	0	0	0
Cash, Bank	0	0	11 000	11 000
Total Current Assets	1 424 000	1 234 000	1 614 000	1 099 000
Total Assets	3 344 000	5 294 000	6 338 000	6 654 000
Total Equity	−1 363 000	−1 952 000	−2 328 000	−3 618 000
Short-Term Group Debt	0	0	4 026 000	4 097 000
Total Long-Term Debt	138 000	1 938 000	2 538 000	2 538 000
Creditors	508 000	396 000	978 000	1 136 000
Unpaid Taxes	181 000	154 000	177 000	103 000
Dividends	0	0	0	0
Other Current Debt	3 878 000	4 686 000	870 000	2 322 000
Total Current Debt	4 568 000	5 309 000	6 128 000	7 734 000
Total Equity and Debt	3 344 000	5 294 000	6 338 000	6 654 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−43,29 %	−19,26 %	4,38 %	14,46 %
Debt-to-Equity Ratio	−0,1	−0,99	−1,09	−0,7
Operating Profit Margin	17,15 %	21,29 %	−12,56 %	−28,42 %
Current Ratio	0,31	0,23	0,26	0,14
Quick Ratio	0,33	0,24	0,27	0,15
Equity Ratio	−0,41	−0,37	−0,37	−0,54
Gross Profit Margin	85,9 %	95,55 %	95,1 %	36,21 %