MADSEN AS

5179 GODVIK

Finances

Return on Equity

14,36 %

Current Ratio

1,79

Debt-to-Equity Ratio

0,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 355 000	1 928 000	1 612 000	216 000
Net Income	288 000	127 000	755 000	−42 000
Total Assets	4 338 000	4 177 000	4 231 000	3 535 000
Total Equity	2 006 000	1 719 000	1 592 000	1 197 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 355 000	1 928 000	1 612 000	216 000
Expenditure	1 892 000	1 683 000	817 000	122 000
Operating Profit	462 000	246 000	794 000	94 000
Financial Income	1 000	0	85 000	1 000
Financial Costs	95 000	83 000	83 000	137 000
Financial Balance	−94 000	−83 000	2 000	−136 000
Earnings Before Tax	369 000	163 000	796 000	−42 000
Tax	81 000	36 000	40 000	0
Net Income	288 000	127 000	755 000	−42 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 676 000	3 681 000	3 659 000	3 466 000
Total Current Assets	662 000	497 000	572 000	70 000
Total Assets	4 338 000	4 177 000	4 231 000	3 535 000
Total Retained Equity	1 902 000	1 614 000	1 487 000	1 092 000
Total Equity	2 006 000	1 719 000	1 592 000	1 197 000
Total Long-Term Debt	1 963 000	2 092 000	2 047 000	2 176 000
Total Current Debt	369 000	367 000	592 000	163 000
Total Equity and Debt	4 338 000	4 177 000	4 231 000	3 535 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 127 000	1 687 000	1 395 000	0
Other Income	228 000	241 000	217 000	216 000
Revenue	2 355 000	1 928 000	1 612 000	216 000
Cost of Goods Sold	407 000	36 000	1 000	6 000
Salary Costs	1 216 000	1 239 000	670 000	0
Depreciation	5 000	7 000	0	0
Impairment	0	0	0	0
Expenditure	1 892 000	1 683 000	817 000	122 000
Operating Profit	462 000	246 000	794 000	94 000
Financial Income	1 000	0	85 000	1 000
Financial Costs	95 000	83 000	83 000	137 000
Financial Balance	−94 000	−83 000	2 000	−136 000
Dividends	0	0	360 000	0
Net Income	288 000	127 000	755 000	−42 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 282 000	3 282 000	3 282 000	3 282 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	16 000	22 000	0	0
Total Tangible Assets	3 298 000	3 304 000	3 282 000	3 282 000
Total Fiancial Fixed Assets	377 000	377 000	377 000	184 000
Total Fixed Assets	3 676 000	3 681 000	3 659 000	3 466 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	595 000	480 000	383 000	70 000
Total Current Assets	662 000	497 000	572 000	70 000
Total Assets	4 338 000	4 177 000	4 231 000	3 535 000
Total Equity	2 006 000	1 719 000	1 592 000	1 197 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 963 000	2 092 000	2 047 000	2 176 000
Creditors	21 000	1 000	−3 000	0
Unpaid Taxes	165 000	218 000	137 000	0
Dividends	0	0	360 000	0
Other Current Debt	102 000	112 000	58 000	163 000
Total Current Debt	369 000	367 000	592 000	163 000
Total Equity and Debt	4 338 000	4 177 000	4 231 000	3 535 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,36 %	7,39 %	47,42 %	−3,51 %
Debt-to-Equity Ratio	0,98	1,22	1,29	1,82
Operating Profit Margin	19,62 %	12,76 %	49,26 %	43,52 %
Current Ratio	1,79	1,35	0,97	0,43
Quick Ratio	1,79	1,35	0,97	0,43
Equity Ratio	0,46	0,41	0,38	0,34
Gross Profit Margin	82,72 %	98,13 %	99,94 %	97,22 %