MODERNE VARME AS

6770 NORDFJORDEID

Finances

Share Ownership

Return on Equity

−89,81 %

Current Ratio

1,04

Debt-to-Equity Ratio

0,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 244 000	12 757 000	23 414 000	17 026 000
Net Income	−1 128 000	−1 893 000	−3 648 000	22 000
Total Assets	7 499 000	7 373 000	13 138 000	9 282 000
Total Equity	1 256 000	2 384 000	926 000	4 574 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 244 000	12 757 000	23 414 000	17 026 000
Expenditure	10 272 000	14 620 000	26 967 000	16 918 000
Operating Profit	−1 027 000	−1 862 000	−3 553 000	108 000
Financial Income	3 000	4 000	3 000	4 000
Financial Costs	104 000	78 000	116 000	72 000
Financial Balance	−101 000	−74 000	−113 000	−68 000
Earnings Before Tax	−1 128 000	−1 936 000	−3 666 000	40 000
Tax	0	−43 000	−17 000	17 000
Net Income	−1 128 000	−1 893 000	−3 648 000	22 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 418 000	1 696 000	2 079 000	1 199 000
Total Current Assets	6 081 000	5 677 000	11 059 000	8 083 000
Total Assets	7 499 000	7 373 000	13 138 000	9 282 000
Total Retained Equity	−2 863 000	−1 735 000	−2 974 000	674 000
Total Equity	1 256 000	2 384 000	926 000	4 574 000
Total Long-Term Debt	413 000	524 000	632 000	734 000
Total Current Debt	5 830 000	4 465 000	11 581 000	3 974 000
Total Equity and Debt	7 499 000	7 373 000	13 138 000	9 282 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 244 000	12 757 000	23 414 000	17 026 000
Other Income	0	0	0	0
Revenue	9 244 000	12 757 000	23 414 000	17 026 000
Cost of Goods Sold	4 612 000	8 253 000	18 817 000	10 086 000
Salary Costs	4 019 000	4 524 000	5 328 000	5 123 000
Depreciation	262 000	243 000	588 000	569 000
Impairment	0	0	0	0
Expenditure	10 272 000	14 620 000	26 967 000	16 918 000
Operating Profit	−1 027 000	−1 862 000	−3 553 000	108 000
Financial Income	3 000	4 000	3 000	4 000
Financial Costs	104 000	78 000	116 000	72 000
Financial Balance	−101 000	−74 000	−113 000	−68 000
Dividends	0	0	0	0
Net Income	−1 128 000	−1 893 000	−3 648 000	22 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 305 000	1 508 000	1 845 000	1 100 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	81 000	140 000	169 000	55 000
Total Tangible Assets	81 000	140 000	169 000	55 000
Total Fiancial Fixed Assets	32 000	48 000	65 000	45 000
Total Fixed Assets	1 418 000	1 696 000	2 079 000	1 199 000
Stock	2 306 000	1 970 000	2 665 000	1 350 000
Total Investments	0	0	0	0
Cash, Bank	1 639 000	268 000	223 000	2 520 000
Total Current Assets	6 081 000	5 677 000	11 059 000	8 083 000
Total Assets	7 499 000	7 373 000	13 138 000	9 282 000
Total Equity	1 256 000	2 384 000	926 000	4 574 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	413 000	524 000	632 000	734 000
Creditors	158 000	974 000	2 495 000	1 228 000
Unpaid Taxes	1 383 000	675 000	2 076 000	1 477 000
Dividends	0	0	0	0
Other Current Debt	4 289 000	1 616 000	4 919 000	1 251 000
Total Current Debt	5 830 000	4 465 000	11 581 000	3 974 000
Total Equity and Debt	7 499 000	7 373 000	13 138 000	9 282 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−89,81 %	−79,4 %	−393,95 %	0,48 %
Debt-to-Equity Ratio	0,33	0,22	0,68	0,16
Operating Profit Margin	−11,11 %	−14,6 %	−15,17 %	0,63 %
Current Ratio	1,04	1,27	0,95	2,03
Quick Ratio	1,73	2,28	1,24	3,08
Equity Ratio	0,17	0,32	0,07	0,49
Gross Profit Margin	50,11 %	35,31 %	19,63 %	40,76 %