MAGNE MADSEN AS

4985 VEGÅRSHEI

Finances

Share Ownership

Return on Equity

111,52 %

Current Ratio

2,45

Debt-to-Equity Ratio

−13,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 589 000	15 382 000	13 174 000	15 000 000
Net Income	−242 000	29 000	230 000	−265 000
Total Assets	3 263 000	2 670 000	2 947 000	3 086 000
Total Equity	−217 000	26 000	−4 000	−233 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 589 000	15 382 000	13 174 000	15 000 000
Expenditure	18 638 000	15 238 000	12 809 000	15 121 000
Operating Profit	−49 000	144 000	366 000	−121 000
Financial Income	0	0	0	0
Financial Costs	193 000	115 000	136 000	144 000
Financial Balance	−193 000	−115 000	−136 000	−144 000
Earnings Before Tax	−242 000	29 000	230 000	−265 000
Tax	0	0	0	0
Net Income	−242 000	29 000	230 000	−265 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 761 000	1 080 000	1 270 000	1 469 000
Total Current Assets	1 502 000	1 590 000	1 677 000	1 617 000
Total Assets	3 263 000	2 670 000	2 947 000	3 086 000
Total Retained Equity	−917 000	−674 000	−704 000	−933 000
Total Equity	−217 000	26 000	−4 000	−233 000
Total Long-Term Debt	2 865 000	2 022 000	2 228 000	2 461 000
Total Current Debt	614 000	623 000	722 000	859 000
Total Equity and Debt	3 263 000	2 670 000	2 947 000	3 086 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 046 000	15 252 000	12 973 000	14 886 000
Other Income	542 000	131 000	201 000	114 000
Revenue	18 589 000	15 382 000	13 174 000	15 000 000
Cost of Goods Sold	15 900 000	12 867 000	10 581 000	12 864 000
Salary Costs	1 269 000	1 060 000	947 000	1 082 000
Depreciation	213 000	190 000	240 000	261 000
Impairment	2 000	0	0	0
Expenditure	18 638 000	15 238 000	12 809 000	15 121 000
Operating Profit	−49 000	144 000	366 000	−121 000
Financial Income	0	0	0	0
Financial Costs	193 000	115 000	136 000	144 000
Financial Balance	−193 000	−115 000	−136 000	−144 000
Dividends	0	0	0	0
Net Income	−242 000	29 000	230 000	−265 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	826 000	0	0	0
Machinery and Plant Facilities	232 000	263 000	294 000	344 000
Fixtures	683 000	797 000	956 000	1 105 000
Total Tangible Assets	1 741 000	1 060 000	1 250 000	1 449 000
Total Fiancial Fixed Assets	20 000	20 000	20 000	20 000
Total Fixed Assets	1 761 000	1 080 000	1 270 000	1 469 000
Stock	939 000	861 000	971 000	1 038 000
Total Investments	0	0	0	0
Cash, Bank	325 000	494 000	461 000	277 000
Total Current Assets	1 502 000	1 590 000	1 677 000	1 617 000
Total Assets	3 263 000	2 670 000	2 947 000	3 086 000
Total Equity	−217 000	26 000	−4 000	−233 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 865 000	2 022 000	2 228 000	2 461 000
Creditors	256 000	288 000	367 000	573 000
Unpaid Taxes	78 000	116 000	136 000	35 000
Dividends	0	0	0	0
Other Current Debt	280 000	218 000	219 000	250 000
Total Current Debt	614 000	623 000	722 000	859 000
Total Equity and Debt	3 263 000	2 670 000	2 947 000	3 086 000

Financial indicators	2022	2021	2020	2019
Return on Equity	111,52 %	111,54 %	−5 750 %	113,73 %
Debt-to-Equity Ratio	−13,2	77,77	−557	−10,56
Operating Profit Margin	−0,26 %	0,94 %	2,78 %	−0,81 %
Current Ratio	2,45	2,55	2,32	1,88
Quick Ratio	−4,62	−6,68	−6,73	−9,03
Equity Ratio	−0,07	0,01	−0	−0,08
Gross Profit Margin	14,47 %	16,35 %	19,68 %	14,24 %