MINH RØRLEGGERSERVICE AS

0258 OSLO

Finances

Return on Equity

37,74 %

Current Ratio

0,52

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 830 000	4 171 000	5 933 000	3 390 000
Net Income	−120 000	−491 000	830 000	−294 000
Total Assets	379 000	351 000	2 077 000	909 000
Total Equity	−318 000	−198 000	274 000	−556 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 830 000	4 171 000	5 933 000	3 390 000
Expenditure	2 938 000	4 660 000	4 826 000	3 732 000
Operating Profit	−108 000	−490 000	1 107 000	−342 000
Financial Income	−11 000	−20 000	5 000	6 000
Financial Costs	1 000	3 000	23 000	12 000
Financial Balance	−12 000	−23 000	−18 000	−6 000
Earnings Before Tax	−120 000	−513 000	1 089 000	−349 000
Tax	0	−21 000	260 000	−54 000
Net Income	−120 000	−491 000	830 000	−294 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 000	20 000	587 000	527 000
Total Current Assets	359 000	331 000	1 490 000	382 000
Total Assets	379 000	351 000	2 077 000	909 000
Total Retained Equity	−418 000	−298 000	174 000	−656 000
Total Equity	−318 000	−198 000	274 000	−556 000
Total Long-Term Debt	0	0	495 000	410 000
Total Current Debt	697 000	549 000	1 308 000	1 055 000
Total Equity and Debt	379 000	351 000	2 077 000	909 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 830 000	4 170 000	5 817 000	3 390 000
Other Income	0	2 000	116 000	0
Revenue	2 830 000	4 171 000	5 933 000	3 390 000
Cost of Goods Sold	2 022 000	2 936 000	2 683 000	1 587 000
Salary Costs	550 000	824 000	1 117 000	1 050 000
Depreciation	0	112 000	176 000	192 000
Impairment	0	0	0	0
Expenditure	2 938 000	4 660 000	4 826 000	3 732 000
Operating Profit	−108 000	−490 000	1 107 000	−342 000
Financial Income	−11 000	−20 000	5 000	6 000
Financial Costs	1 000	3 000	23 000	12 000
Financial Balance	−12 000	−23 000	−18 000	−6 000
Dividends	0	0	0	0
Net Income	−120 000	−491 000	830 000	−294 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	110 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	567 000	398 000
Total Tangible Assets	0	0	567 000	398 000
Total Fiancial Fixed Assets	20 000	20 000	20 000	20 000
Total Fixed Assets	20 000	20 000	587 000	527 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	254 000	135 000	736 000	211 000
Total Current Assets	359 000	331 000	1 490 000	382 000
Total Assets	379 000	351 000	2 077 000	909 000
Total Equity	−318 000	−198 000	274 000	−556 000
Short-Term Group Debt	93 000	93 000	0	0
Total Long-Term Debt	0	0	495 000	410 000
Creditors	216 000	123 000	1 000	500 000
Unpaid Taxes	35 000	3 000	649 000	54 000
Dividends	0	0	0	0
Other Current Debt	353 000	330 000	529 000	500 000
Total Current Debt	697 000	549 000	1 308 000	1 055 000
Total Equity and Debt	379 000	351 000	2 077 000	909 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,74 %	247,98 %	302,92 %	52,88 %
Debt-to-Equity Ratio	−0	−0	1,81	−0,74
Operating Profit Margin	−3,82 %	−11,75 %	18,66 %	−10,09 %
Current Ratio	0,52	0,6	1,14	0,36
Quick Ratio	0,52	0,6	1,14	0,36
Equity Ratio	−0,84	−0,56	0,13	−0,61
Gross Profit Margin	28,55 %	29,61 %	54,78 %	53,19 %