MADSEN ELEKTRO AS

7670 INDERØY

Finances

Return on Equity

2,91 %

Current Ratio

1,72

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 173 000	25 096 000	20 879 000	16 591 000
Net Income	300 000	2 953 000	648 000	2 198 000
Total Assets	22 480 000	20 937 000	19 221 000	13 200 000
Total Equity	10 306 000	10 006 000	9 053 000	7 310 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 173 000	25 096 000	20 879 000	16 591 000
Expenditure	23 545 000	20 885 000	19 590 000	13 717 000
Operating Profit	627 000	4 210 000	1 289 000	2 874 000
Financial Income	1 000	12 000	27 000	4 000
Financial Costs	231 000	211 000	260 000	59 000
Financial Balance	−230 000	−199 000	−233 000	−55 000
Earnings Before Tax	398 000	4 011 000	1 056 000	2 819 000
Tax	98 000	1 058 000	408 000	621 000
Net Income	300 000	2 953 000	648 000	2 198 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 541 000	4 504 000	5 341 000	1 378 000
Total Current Assets	18 938 000	16 433 000	13 880 000	11 822 000
Total Assets	22 480 000	20 937 000	19 221 000	13 200 000
Total Retained Equity	10 234 000	9 935 000	8 982 000	7 205 000
Total Equity	10 306 000	10 006 000	9 053 000	7 310 000
Total Long-Term Debt	1 145 000	1 592 000	2 024 000	0
Total Current Debt	11 028 000	9 339 000	8 144 000	5 890 000
Total Equity and Debt	22 480 000	20 937 000	19 221 000	13 200 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 173 000	24 833 000	20 754 000	16 591 000
Other Income	0	263 000	125 000	0
Revenue	24 173 000	25 096 000	20 879 000	16 591 000
Cost of Goods Sold	9 195 000	8 581 000	7 378 000	5 497 000
Salary Costs	9 561 000	8 823 000	8 282 000	6 155 000
Depreciation	1 164 000	1 206 000	1 194 000	150 000
Impairment	0	0	0	0
Expenditure	23 545 000	20 885 000	19 590 000	13 717 000
Operating Profit	627 000	4 210 000	1 289 000	2 874 000
Financial Income	1 000	12 000	27 000	4 000
Financial Costs	231 000	211 000	260 000	59 000
Financial Balance	−230 000	−199 000	−233 000	−55 000
Dividends	0	2 000 000	0	0
Net Income	300 000	2 953 000	648 000	2 198 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	1 559 000	2 339 000	3 119 000	0
Total Intangible Assets	2 004 000	2 583 000	3 470 000	226 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	816 000	1 200 000	1 149 000	430 000
Total Tangible Assets	816 000	1 200 000	1 149 000	430 000
Total Fiancial Fixed Assets	722 000	722 000	722 000	722 000
Total Fixed Assets	3 541 000	4 504 000	5 341 000	1 378 000
Stock	2 696 000	2 458 000	2 466 000	1 033 000
Total Investments	0	0	0	0
Cash, Bank	863 000	823 000	2 852 000	1 763 000
Total Current Assets	18 938 000	16 433 000	13 880 000	11 822 000
Total Assets	22 480 000	20 937 000	19 221 000	13 200 000
Total Equity	10 306 000	10 006 000	9 053 000	7 310 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 145 000	1 592 000	2 024 000	0
Creditors	1 879 000	905 000	879 000	849 000
Unpaid Taxes	1 683 000	1 649 000	2 061 000	2 037 000
Dividends	0	2 000 000	0	0
Other Current Debt	7 167 000	3 835 000	4 795 000	2 344 000
Total Current Debt	11 028 000	9 339 000	8 144 000	5 890 000
Total Equity and Debt	22 480 000	20 937 000	19 221 000	13 200 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,91 %	29,51 %	7,16 %	30,07 %
Debt-to-Equity Ratio	0,11	0,16	0,22	0
Operating Profit Margin	2,59 %	16,78 %	6,17 %	17,32 %
Current Ratio	1,72	1,76	1,7	2,01
Quick Ratio	2,27	2,39	2,44	2,43
Equity Ratio	0,46	0,48	0,47	0,55
Gross Profit Margin	61,96 %	65,81 %	64,66 %	66,87 %