M17 UTVIKLING AS

1364 FORNEBU

Finances

Return on Equity

78,98 %

Current Ratio

1,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	771 235 000	1 466 867 000	944 592 000	155 943 000
Net Income	187 576 000	353 265 000	217 289 000	12 285 000
Total Assets	663 504 000	2 978 571 000	1 893 142 000	1 348 194 000
Total Equity	237 500 000	599 923 000	246 659 000	29 912 000

Income (NOK)	2022	2021	2020	2019
Revenue	771 235 000	1 466 867 000	944 592 000	155 943 000
Expenditure	492 818 000	935 751 000	618 804 000	129 540 000
Operating Profit	278 417 000	531 116 000	325 788 000	26 404 000
Financial Income	31 000	0	0	0
Financial Costs	37 962 000	78 203 000	47 209 000	10 650 000
Financial Balance	−37 931 000	−78 203 000	−47 209 000	−10 650 000
Earnings Before Tax	240 486 000	452 913 000	278 579 000	15 754 000
Tax	52 910 000	99 648 000	61 290 000	3 469 000
Net Income	187 576 000	353 265 000	217 289 000	12 285 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	49 207 000	0	0	2 050 000
Total Current Assets	614 297 000	2 978 571 000	1 893 142 000	1 346 144 000
Total Assets	663 504 000	2 978 571 000	1 893 142 000	1 348 194 000
Total Retained Equity	211 659 000	574 083 000	220 819 000	4 071 000
Total Equity	237 500 000	599 923 000	246 659 000	29 912 000
Total Long-Term Debt	0	158 889 000	1 423 087 000	0
Total Current Debt	426 005 000	2 219 758 000	223 397 000	1 318 283 000
Total Equity and Debt	663 504 000	2 978 570 000	1 893 142 000	1 348 194 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	770 729 000	1 466 355 000	943 830 000	155 512 000
Other Income	506 000	512 000	762 000	432 000
Revenue	771 235 000	1 466 867 000	944 592 000	155 943 000
Cost of Goods Sold	470 546 000	924 183 000	608 759 000	108 542 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	492 818 000	935 751 000	618 804 000	129 540 000
Operating Profit	278 417 000	531 116 000	325 788 000	26 404 000
Financial Income	31 000	0	0	0
Financial Costs	37 962 000	78 203 000	47 209 000	10 650 000
Financial Balance	−37 931 000	−78 203 000	−47 209 000	−10 650 000
Dividends	100 000 000	0	0	0
Net Income	187 576 000	353 265 000	217 289 000	12 285 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	49 207 000	0	0	1 910 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	140 000
Total Fixed Assets	49 207 000	0	0	2 050 000
Stock	141 056 000	372 570 000	798 781 000	906 311 000
Total Investments	0	0	0	0
Cash, Bank	393 370 000	50 604 000	5 211 000	281 642 000
Total Current Assets	614 297 000	2 978 571 000	1 893 142 000	1 346 144 000
Total Assets	663 504 000	2 978 571 000	1 893 142 000	1 348 194 000
Total Equity	237 500 000	599 923 000	246 659 000	29 912 000
Short-Term Group Debt	0	0	0	53 000
Total Long-Term Debt	0	158 889 000	1 423 087 000	0
Creditors	59 504 000	85 451 000	32 223 000	7 477 000
Unpaid Taxes	0	0	0	0
Dividends	100 000 000	0	0	0
Other Current Debt	5 494 000	209 506 000	191 174 000	110 753 000
Total Current Debt	426 005 000	2 219 758 000	223 397 000	1 318 283 000
Total Equity and Debt	663 504 000	2 978 570 000	1 893 142 000	1 348 194 000

Financial indicators	2022	2021	2020	2019
Return on Equity	78,98 %	58,89 %	88,09 %	41,07 %
Debt-to-Equity Ratio	0	0,26	5,77	0
Operating Profit Margin	36,1 %	36,21 %	34,49 %	16,93 %
Current Ratio	1,44	1,34	8,47	1,02
Quick Ratio	2,16	1,61	−3,29	3,27
Equity Ratio	0,36	0,2	0,13	0,02
Gross Profit Margin	38,99 %	37 %	35,55 %	30,4 %