ABLE MAGIC AS

7042 TRONDHEIM

Finances

Return on Equity

−12,73 %

Current Ratio

1,3

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 347 000	9 882 000	6 459 000	3 290 000
Net Income	−305 000	−527 000	1 591 000	218 000
Total Assets	4 825 000	4 802 000	4 405 000	2 742 000
Total Equity	2 396 000	2 701 000	3 228 000	1 637 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 347 000	9 882 000	6 459 000	3 290 000
Expenditure	12 833 000	10 663 000	4 412 000	3 263 000
Operating Profit	−486 000	−781 000	2 048 000	27 000
Financial Income	2 000	1 000	2 000	1 000
Financial Costs	9 000	34 000	24 000	28 000
Financial Balance	−7 000	−33 000	−22 000	−27 000
Earnings Before Tax	−494 000	−814 000	2 026 000	0
Tax	−189 000	−287 000	435 000	−217 000
Net Income	−305 000	−527 000	1 591 000	218 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 668 000	1 697 000	1 884 000	1 438 000
Total Current Assets	3 157 000	3 105 000	2 521 000	1 304 000
Total Assets	4 825 000	4 802 000	4 405 000	2 742 000
Total Retained Equity	2 245 000	2 549 000	3 076 000	1 485 000
Total Equity	2 396 000	2 701 000	3 228 000	1 637 000
Total Long-Term Debt	0	0	2 000	0
Total Current Debt	2 428 000	2 101 000	1 175 000	1 106 000
Total Equity and Debt	4 825 000	4 802 000	4 405 000	2 742 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 902 000	9 600 000	5 909 000	3 197 000
Other Income	445 000	282 000	550 000	93 000
Revenue	12 347 000	9 882 000	6 459 000	3 290 000
Cost of Goods Sold	509 000	189 000	87 000	125 000
Salary Costs	6 063 000	5 189 000	2 357 000	2 023 000
Depreciation	379 000	346 000	204 000	4 000
Impairment	0	0	0	0
Expenditure	12 833 000	10 663 000	4 412 000	3 263 000
Operating Profit	−486 000	−781 000	2 048 000	27 000
Financial Income	2 000	1 000	2 000	1 000
Financial Costs	9 000	34 000	24 000	28 000
Financial Balance	−7 000	−33 000	−22 000	−27 000
Dividends	0	0	0	0
Net Income	−305 000	−527 000	1 591 000	218 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 271 000	1 415 000	1 463 000	1 225 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	215 000	99 000	29 000	31 000
Total Tangible Assets	215 000	99 000	29 000	31 000
Total Fiancial Fixed Assets	183 000	183 000	393 000	183 000
Total Fixed Assets	1 668 000	1 697 000	1 884 000	1 438 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	502 000	538 000	660 000	530 000
Total Current Assets	3 157 000	3 105 000	2 521 000	1 304 000
Total Assets	4 825 000	4 802 000	4 405 000	2 742 000
Total Equity	2 396 000	2 701 000	3 228 000	1 637 000
Short-Term Group Debt	1 015 000	100 000	0	0
Total Long-Term Debt	0	0	2 000	0
Creditors	322 000	685 000	35 000	163 000
Unpaid Taxes	603 000	759 000	444 000	321 000
Dividends	0	0	0	0
Other Current Debt	488 000	557 000	480 000	621 000
Total Current Debt	2 428 000	2 101 000	1 175 000	1 106 000
Total Equity and Debt	4 825 000	4 802 000	4 405 000	2 742 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,73 %	−19,51 %	49,29 %	13,32 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−3,94 %	−7,9 %	31,71 %	0,82 %
Current Ratio	1,3	1,48	2,15	1,18
Quick Ratio	1,3	1,48	2,15	1,18
Equity Ratio	0,5	0,56	0,73	0,6
Gross Profit Margin	95,88 %	98,09 %	98,65 %	96,2 %