MAGNUS TAX ACCOUNTING AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

75 %

Current Ratio

2,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	123 000	677 000	829 000	556 000
Net Income	99 000	−9 000	16 000	−147 000
Total Assets	208 000	104 000	403 000	347 000
Total Equity	132 000	33 000	41 000	25 000

Income (NOK)	2022	2021	2020	2019
Revenue	123 000	677 000	829 000	556 000
Expenditure	17 000	682 000	803 000	699 000
Operating Profit	107 000	−5 000	25 000	−143 000
Financial Income	0	1 000	2 000	4 000
Financial Costs	7 000	5 000	10 000	8 000
Financial Balance	−7 000	−4 000	−8 000	−4 000
Earnings Before Tax	99 000	−9 000	16 000	−147 000
Tax	0	0	0	0
Net Income	99 000	−9 000	16 000	−147 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	208 000	104 000	403 000	347 000
Total Assets	208 000	104 000	403 000	347 000
Total Retained Equity	32 000	−67 000	−59 000	−75 000
Total Equity	132 000	33 000	41 000	25 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	76 000	71 000	361 000	322 000
Total Equity and Debt	208 000	104 000	403 000	347 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	123 000	677 000	829 000	556 000
Other Income	0	0	0	0
Revenue	123 000	677 000	829 000	556 000
Cost of Goods Sold	0	166 000	177 000	57 000
Salary Costs	0	359 000	522 000	520 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	17 000	682 000	803 000	699 000
Operating Profit	107 000	−5 000	25 000	−143 000
Financial Income	0	1 000	2 000	4 000
Financial Costs	7 000	5 000	10 000	8 000
Financial Balance	−7 000	−4 000	−8 000	−4 000
Dividends	0	0	0	0
Net Income	99 000	−9 000	16 000	−147 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	30 000	71 000	62 000	5 000
Total Current Assets	208 000	104 000	403 000	347 000
Total Assets	208 000	104 000	403 000	347 000
Total Equity	132 000	33 000	41 000	25 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	13 000	13 000	35 000	95 000
Unpaid Taxes	42 000	5 000	188 000	84 000
Dividends	0	0	0	0
Other Current Debt	21 000	54 000	138 000	143 000
Total Current Debt	76 000	71 000	361 000	322 000
Total Equity and Debt	208 000	104 000	403 000	347 000

Financial indicators	2022	2021	2020	2019
Return on Equity	75 %	−27,27 %	39,02 %	−588 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	86,99 %	−0,74 %	3,02 %	−25,72 %
Current Ratio	2,74	1,46	1,12	1,08
Quick Ratio	2,74	1,46	1,12	1,08
Equity Ratio	0,63	0,32	0,1	0,07
Gross Profit Margin	100 %	75,48 %	78,65 %	89,75 %