MADSEN HOLDING AS

5067 BERGEN

Finances

Return on Equity

−4,13 %

Current Ratio

5,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	629 000	793 000	841 000	928 000
Net Income	−2 274 000	1 465 000	−1 549 000	18 547 000
Total Assets	59 663 000	60 206 000	60 475 000	72 190 000
Total Equity	55 029 000	57 303 000	59 838 000	71 387 000

Income (NOK)	2022	2021	2020	2019
Revenue	629 000	793 000	841 000	928 000
Expenditure	3 516 000	1 653 000	1 223 000	1 088 000
Operating Profit	−2 887 000	−860 000	−383 000	−160 000
Financial Income	1 036 000	3 414 000	477 000	18 960 000
Financial Costs	423 000	844 000	1 583 000	3 000
Financial Balance	613 000	2 570 000	−1 106 000	18 957 000
Earnings Before Tax	−2 273 000	1 710 000	−1 489 000	18 798 000
Tax	1 000	245 000	60 000	250 000
Net Income	−2 274 000	1 465 000	−1 549 000	18 547 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 936 000	37 283 000	46 385 000	52 935 000
Total Current Assets	24 727 000	22 923 000	14 090 000	19 255 000
Total Assets	59 663 000	60 206 000	60 475 000	72 190 000
Total Retained Equity	37 791 000	40 066 000	42 600 000	54 149 000
Total Equity	55 029 000	57 303 000	59 838 000	71 387 000
Total Long-Term Debt	0	0	142 000	256 000
Total Current Debt	4 634 000	2 903 000	496 000	547 000
Total Equity and Debt	59 663 000	60 206 000	60 475 000	72 190 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 000	2 000	3 000	6 000
Other Income	605 000	791 000	838 000	922 000
Revenue	629 000	793 000	841 000	928 000
Cost of Goods Sold	90 000	83 000	87 000	110 000
Salary Costs	0	0	0	0
Depreciation	794 000	641 000	645 000	639 000
Impairment	2 000 000	0	0	0
Expenditure	3 516 000	1 653 000	1 223 000	1 088 000
Operating Profit	−2 887 000	−860 000	−383 000	−160 000
Financial Income	1 036 000	3 414 000	477 000	18 960 000
Financial Costs	423 000	844 000	1 583 000	3 000
Financial Balance	613 000	2 570 000	−1 106 000	18 957 000
Dividends	0	4 000 000	10 000 000	150 000
Net Income	−2 274 000	1 465 000	−1 549 000	18 547 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	23 348 000	26 093 000	26 040 000	26 719 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	38 000	73 000	108 000	142 000
Total Tangible Assets	23 386 000	26 166 000	26 147 000	26 861 000
Total Fiancial Fixed Assets	11 550 000	11 117 000	20 238 000	26 074 000
Total Fixed Assets	34 936 000	37 283 000	46 385 000	52 935 000
Stock	0	0	0	0
Total Investments	8 435 000	8 670 000	0	0
Cash, Bank	205 000	251 000	2 227 000	10 657 000
Total Current Assets	24 727 000	22 923 000	14 090 000	19 255 000
Total Assets	59 663 000	60 206 000	60 475 000	72 190 000
Total Equity	55 029 000	57 303 000	59 838 000	71 387 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	142 000	256 000
Creditors	82 000	57 000	17 000	11 000
Unpaid Taxes	27 000	0	97 000	0
Dividends	0	4 000 000	10 000 000	150 000
Other Current Debt	1 048 000	1 034 000	207 000	195 000
Total Current Debt	4 634 000	2 903 000	496 000	547 000
Total Equity and Debt	59 663 000	60 206 000	60 475 000	72 190 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,13 %	2,56 %	−2,59 %	25,98 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−458,98 %	−108,45 %	−45,54 %	−17,24 %
Current Ratio	5,34	7,9	28,41	35,2
Quick Ratio	5,34	7,9	28,41	35,2
Equity Ratio	0,92	0,95	0,99	0,99
Gross Profit Margin	85,69 %	89,53 %	89,66 %	88,15 %