MTN NORWAY OPERATIONS AS

4056 TANANGER

Finances

Share Ownership

Return on Equity

−2,5 %

Current Ratio

1,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	46 621 000	44 078 000	55 926 000	58 312 000
Net Income	−394 000	2 059 000	3 583 000	6 288 000
Total Assets	42 561 000	28 696 000	45 329 000	37 357 000
Total Equity	15 770 000	16 163 000	14 105 000	10 522 000

Income (NOK)	2022	2021	2020	2019
Revenue	46 621 000	44 078 000	55 926 000	58 312 000
Expenditure	49 342 000	40 509 000	51 431 000	50 453 000
Operating Profit	−2 720 000	1 942 000	3 982 000	6 300 000
Financial Income	8 812 000	13 521 000	718 000	3 813 000
Financial Costs	6 144 000	13 075 000	96 000	2 008 000
Financial Balance	2 668 000	446 000	622 000	1 805 000
Earnings Before Tax	−52 000	2 389 000	4 603 000	8 105 000
Tax	341 000	330 000	1 021 000	1 818 000
Net Income	−394 000	2 059 000	3 583 000	6 288 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	951 000	1 258 000	1 667 000	2 109 000
Total Current Assets	41 610 000	27 438 000	43 662 000	35 248 000
Total Assets	42 561 000	28 696 000	45 329 000	37 357 000
Total Retained Equity	14 870 000	15 263 000	13 205 000	9 622 000
Total Equity	15 770 000	16 163 000	14 105 000	10 522 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	26 792 000	12 532 000	31 224 000	26 835 000
Total Equity and Debt	42 561 000	28 696 000	45 329 000	37 357 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	46 621 000	44 078 000	55 926 000	58 312 000
Other Income	0	0	0	0
Revenue	46 621 000	44 078 000	55 926 000	58 312 000
Cost of Goods Sold	34 930 000	32 190 000	40 929 000	38 196 000
Salary Costs	8 328 000	5 283 000	6 010 000	6 845 000
Depreciation	590 000	545 000	702 000	1 182 000
Impairment	0	0	0	0
Expenditure	49 342 000	40 509 000	51 431 000	50 453 000
Operating Profit	−2 720 000	1 942 000	3 982 000	6 300 000
Financial Income	8 812 000	13 521 000	718 000	3 813 000
Financial Costs	6 144 000	13 075 000	96 000	2 008 000
Financial Balance	2 668 000	446 000	622 000	1 805 000
Dividends	0	0	0	0
Net Income	−394 000	2 059 000	3 583 000	6 288 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	24 000	24 000	24 000	24 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	604 000	1 026 000	1 395 000	2 085 000
Fixtures	323 000	208 000	248 000	0
Total Tangible Assets	927 000	1 234 000	1 643 000	2 085 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	951 000	1 258 000	1 667 000	2 109 000
Stock	6 083 000	4 805 000	2 258 000	1 584 000
Total Investments	0	0	0	0
Cash, Bank	7 682 000	9 689 000	8 523 000	4 526 000
Total Current Assets	41 610 000	27 438 000	43 662 000	35 248 000
Total Assets	42 561 000	28 696 000	45 329 000	37 357 000
Total Equity	15 770 000	16 163 000	14 105 000	10 522 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	22 638 000	8 984 000	9 279 000	11 847 000
Unpaid Taxes	843 000	410 000	428 000	823 000
Dividends	0	0	0	0
Other Current Debt	2 969 000	2 809 000	20 496 000	12 347 000
Total Current Debt	26 792 000	12 532 000	31 224 000	26 835 000
Total Equity and Debt	42 561 000	28 696 000	45 329 000	37 357 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,5 %	12,74 %	25,4 %	59,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−5,83 %	4,41 %	7,12 %	10,8 %
Current Ratio	1,55	2,19	1,4	1,31
Quick Ratio	2,01	3,55	1,51	1,4
Equity Ratio	0,37	0,56	0,31	0,28
Gross Profit Margin	25,08 %	26,97 %	26,82 %	34,5 %