MGN AS

4632 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

41,58 %

Current Ratio

0,44

Debt-to-Equity Ratio

1,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 648 000	5 085 000	3 311 000	3 616 000
Net Income	5 593 000	2 368 000	930 000	1 486 000
Total Assets	34 442 000	44 141 000	51 304 000	51 830 000
Total Equity	13 450 000	13 450 000	13 450 000	13 450 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 648 000	5 085 000	3 311 000	3 616 000
Expenditure	367 000	1 287 000	1 571 000	766 000
Operating Profit	7 280 000	3 798 000	1 740 000	2 850 000
Financial Income	22 000	1 000	96 000	163 000
Financial Costs	587 000	495 000	906 000	1 109 000
Financial Balance	−565 000	−494 000	−810 000	−946 000
Earnings Before Tax	6 714 000	3 305 000	930 000	1 905 000
Tax	1 121 000	936 000	0	419 000
Net Income	5 593 000	2 368 000	930 000	1 486 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	32 032 000	44 008 000	50 375 000	51 038 000
Total Current Assets	2 409 000	133 000	929 000	792 000
Total Assets	34 442 000	44 141 000	51 304 000	51 830 000
Total Retained Equity	8 450 000	8 450 000	8 450 000	8 450 000
Total Equity	13 450 000	13 450 000	13 450 000	13 450 000
Total Long-Term Debt	15 506 000	21 497 000	26 627 000	33 139 000
Total Current Debt	5 486 000	9 194 000	11 227 000	5 242 000
Total Equity and Debt	34 442 000	44 141 000	51 304 000	51 830 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 721 000	3 649 000	1 730 000	1 999 000
Other Income	927 000	1 436 000	1 581 000	1 617 000
Revenue	7 648 000	5 085 000	3 311 000	3 616 000
Cost of Goods Sold	0	0	0	0
Salary Costs	575 000	0	30 000	0
Depreciation	8 000	10 000	4 000	5 000
Impairment	0	0	0	0
Expenditure	367 000	1 287 000	1 571 000	766 000
Operating Profit	7 280 000	3 798 000	1 740 000	2 850 000
Financial Income	22 000	1 000	96 000	163 000
Financial Costs	587 000	495 000	906 000	1 109 000
Financial Balance	−565 000	−494 000	−810 000	−946 000
Dividends	0	0	0	0
Net Income	5 593 000	2 368 000	930 000	1 486 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	31 000 000	42 967 000	50 357 000	44 679 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	32 000	40 000	17 000	22 000
Total Tangible Assets	31 032 000	43 008 000	50 375 000	44 701 000
Total Fiancial Fixed Assets	1 000 000	1 000 000	0	6 338 000
Total Fixed Assets	32 032 000	44 008 000	50 375 000	51 038 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 284 000	131 000	929 000	792 000
Total Current Assets	2 409 000	133 000	929 000	792 000
Total Assets	34 442 000	44 141 000	51 304 000	51 830 000
Total Equity	13 450 000	13 450 000	13 450 000	13 450 000
Short-Term Group Debt	5 281 000	9 035 000	11 046 000	4 975 000
Total Long-Term Debt	15 506 000	21 497 000	26 627 000	33 139 000
Creditors	43 000	65 000	49 000	11 000
Unpaid Taxes	0	0	4 000	0
Dividends	0	0	0	0
Other Current Debt	161 000	93 000	129 000	256 000
Total Current Debt	5 486 000	9 194 000	11 227 000	5 242 000
Total Equity and Debt	34 442 000	44 141 000	51 304 000	51 830 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,58 %	17,61 %	6,91 %	11,05 %
Debt-to-Equity Ratio	1,15	1,6	1,98	2,46
Operating Profit Margin	95,19 %	74,69 %	52,55 %	78,82 %
Current Ratio	0,44	0,01	0,08	0,15
Quick Ratio	0,44	0,01	0,08	0,15
Equity Ratio	0,39	0,3	0,26	0,26
Gross Profit Margin	100 %	100 %	100 %	100 %