MARTIN FREDRIKSEN VVS AS

6230 SYKKYLVEN

Finances

Share Ownership

Return on Equity

33,58 %

Current Ratio

2,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 614 000	15 381 000	12 269 000	11 666 000
Net Income	1 514 000	969 000	402 000	582 000
Total Assets	6 967 000	5 338 000	3 516 000	3 305 000
Total Equity	4 508 000	2 994 000	2 025 000	1 623 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 614 000	15 381 000	12 269 000	11 666 000
Expenditure	18 554 000	14 050 000	11 632 000	10 880 000
Operating Profit	2 060 000	1 331 000	637 000	785 000
Financial Income	16 000	9 000	2 000	2 000
Financial Costs	101 000	26 000	116 000	33 000
Financial Balance	−85 000	−17 000	−114 000	−31 000
Earnings Before Tax	1 975 000	1 314 000	523 000	754 000
Tax	461 000	346 000	121 000	172 000
Net Income	1 514 000	969 000	402 000	582 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	73 000	91 000	117 000	73 000
Total Current Assets	6 893 000	5 247 000	3 399 000	3 232 000
Total Assets	6 967 000	5 338 000	3 516 000	3 305 000
Total Retained Equity	4 108 000	2 594 000	1 625 000	1 223 000
Total Equity	4 508 000	2 994 000	2 025 000	1 623 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 459 000	2 344 000	1 491 000	1 682 000
Total Equity and Debt	6 967 000	5 338 000	3 516 000	3 305 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 614 000	15 381 000	12 269 000	11 666 000
Other Income	0	0	0	0
Revenue	20 614 000	15 381 000	12 269 000	11 666 000
Cost of Goods Sold	14 129 000	10 099 000	8 409 000	8 599 000
Salary Costs	791 000	803 000	803 000	656 000
Depreciation	48 000	47 000	43 000	29 000
Impairment	0	0	0	0
Expenditure	18 554 000	14 050 000	11 632 000	10 880 000
Operating Profit	2 060 000	1 331 000	637 000	785 000
Financial Income	16 000	9 000	2 000	2 000
Financial Costs	101 000	26 000	116 000	33 000
Financial Balance	−85 000	−17 000	−114 000	−31 000
Dividends	0	0	0	300 000
Net Income	1 514 000	969 000	402 000	582 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	38 000	55 000	72 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	36 000	36 000	45 000	73 000
Total Tangible Assets	36 000	36 000	45 000	73 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	73 000	91 000	117 000	73 000
Stock	3 638 000	2 463 000	2 209 000	1 192 000
Total Investments	0	0	0	0
Cash, Bank	1 881 000	739 000	465 000	568 000
Total Current Assets	6 893 000	5 247 000	3 399 000	3 232 000
Total Assets	6 967 000	5 338 000	3 516 000	3 305 000
Total Equity	4 508 000	2 994 000	2 025 000	1 623 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	781 000	946 000	494 000	578 000
Unpaid Taxes	1 130 000	833 000	443 000	449 000
Dividends	0	0	0	300 000
Other Current Debt	87 000	220 000	433 000	182 000
Total Current Debt	2 459 000	2 344 000	1 491 000	1 682 000
Total Equity and Debt	6 967 000	5 338 000	3 516 000	3 305 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,58 %	32,36 %	19,85 %	35,86 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,99 %	8,65 %	5,19 %	6,73 %
Current Ratio	2,8	2,24	2,28	1,92
Quick Ratio	−5,85	−44,09	−4,73	6,6
Equity Ratio	0,65	0,56	0,58	0,49
Gross Profit Margin	31,46 %	34,34 %	31,46 %	26,29 %