MODALEN ELEKTRO AS

5729 MODALEN

Finances

Share Ownership

Return on Equity

14,52 %

Current Ratio

2,85

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 384 000	1 330 000	1 066 000	1 037 000
Net Income	115 000	159 000	117 000	16 000
Total Assets	1 211 000	1 236 000	1 055 000	892 000
Total Equity	792 000	802 000	767 000	651 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 384 000	1 330 000	1 066 000	1 037 000
Expenditure	1 228 000	1 125 000	918 000	1 017 000
Operating Profit	156 000	205 000	149 000	20 000
Financial Income	3 000	3 000	3 000	3 000
Financial Costs	0	0	2 000	2 000
Financial Balance	3 000	3 000	1 000	1 000
Earnings Before Tax	159 000	207 000	149 000	21 000
Tax	43 000	48 000	33 000	5 000
Net Income	115 000	159 000	117 000	16 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 000	73 000	111 000	149 000
Total Current Assets	1 194 000	1 164 000	944 000	744 000
Total Assets	1 211 000	1 236 000	1 055 000	892 000
Total Retained Equity	683 000	693 000	658 000	542 000
Total Equity	792 000	802 000	767 000	651 000
Total Long-Term Debt	0	0	1 000	4 000
Total Current Debt	419 000	434 000	286 000	238 000
Total Equity and Debt	1 211 000	1 236 000	1 055 000	892 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 384 000	1 330 000	1 066 000	1 037 000
Other Income	0	0	0	0
Revenue	1 384 000	1 330 000	1 066 000	1 037 000
Cost of Goods Sold	503 000	420 000	266 000	288 000
Salary Costs	540 000	536 000	508 000	566 000
Depreciation	55 000	38 000	38 000	38 000
Impairment	0	0	0	0
Expenditure	1 228 000	1 125 000	918 000	1 017 000
Operating Profit	156 000	205 000	149 000	20 000
Financial Income	3 000	3 000	3 000	3 000
Financial Costs	0	0	2 000	2 000
Financial Balance	3 000	3 000	1 000	1 000
Dividends	125 000	125 000	0	0
Net Income	115 000	159 000	117 000	16 000

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	0
Fixtures	17 000	72 000	110 000	148 000
Total Tangible Assets	17 000	72 000	110 000	148 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	18 000	73 000	111 000	149 000
Stock	105 000	110 000	134 000	133 000
Total Investments	0	0	0	0
Cash, Bank	716 000	577 000	439 000	305 000
Total Current Assets	1 194 000	1 164 000	944 000	744 000
Total Assets	1 211 000	1 236 000	1 055 000	892 000
Total Equity	792 000	802 000	767 000	651 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	4 000
Creditors	90 000	68 000	63 000	59 000
Unpaid Taxes	91 000	117 000	102 000	84 000
Dividends	125 000	125 000	0	0
Other Current Debt	70 000	75 000	86 000	90 000
Total Current Debt	419 000	434 000	286 000	238 000
Total Equity and Debt	1 211 000	1 236 000	1 055 000	892 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,52 %	19,83 %	15,25 %	2,46 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	11,27 %	15,41 %	13,98 %	1,93 %
Current Ratio	2,85	2,68	3,3	3,13
Quick Ratio	3,8	3,59	6,21	7,09
Equity Ratio	0,65	0,65	0,73	0,73
Gross Profit Margin	63,66 %	68,42 %	75,05 %	72,23 %