MODULSERVICE AS

3716 SKIEN

Finances

Share Ownership

Return on Equity

−3,28 %

Current Ratio

1,2

Debt-to-Equity Ratio

1,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 963 000	15 716 000	9 029 000	5 184 000
Net Income	−25 000	715 000	330 000	119 000
Total Assets	4 309 000	4 952 000	2 309 000	1 277 000
Total Equity	763 000	789 000	74 000	−256 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 963 000	15 716 000	9 029 000	5 184 000
Expenditure	13 899 000	14 783 000	8 587 000	4 968 000
Operating Profit	13 000	986 000	442 000	216 000
Financial Income	18 000	0	0	0
Financial Costs	47 000	70 000	96 000	97 000
Financial Balance	−29 000	−70 000	−96 000	−97 000
Earnings Before Tax	−15 000	917 000	347 000	119 000
Tax	10 000	202 000	17 000	0
Net Income	−25 000	715 000	330 000	119 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 251 000	1 013 000	672 000	327 000
Total Current Assets	3 058 000	3 939 000	1 636 000	950 000
Total Assets	4 309 000	4 952 000	2 309 000	1 277 000
Total Retained Equity	733 000	759 000	44 000	−286 000
Total Equity	763 000	789 000	74 000	−256 000
Total Long-Term Debt	997 000	736 000	642 000	545 000
Total Current Debt	2 549 000	3 427 000	1 593 000	989 000
Total Equity and Debt	4 309 000	4 952 000	2 309 000	1 277 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 908 000	15 716 000	8 752 000	5 144 000
Other Income	55 000	0	277 000	40 000
Revenue	13 963 000	15 716 000	9 029 000	5 184 000
Cost of Goods Sold	2 224 000	3 913 000	1 171 000	827 000
Salary Costs	8 872 000	8 114 000	5 582 000	3 102 000
Depreciation	316 000	238 000	130 000	78 000
Impairment	0	0	0	0
Expenditure	13 899 000	14 783 000	8 587 000	4 968 000
Operating Profit	13 000	986 000	442 000	216 000
Financial Income	18 000	0	0	0
Financial Costs	47 000	70 000	96 000	97 000
Financial Balance	−29 000	−70 000	−96 000	−97 000
Dividends	0	0	0	0
Net Income	−25 000	715 000	330 000	119 000

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	33 000	0	663 000	312 000
Fixtures	1 218 000	1 013 000	10 000	15 000
Total Tangible Assets	1 251 000	1 013 000	672 000	327 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 251 000	1 013 000	672 000	327 000
Stock	187 000	122 000	401 000	167 000
Total Investments	0	0	0	0
Cash, Bank	1 723 000	1 080 000	777 000	240 000
Total Current Assets	3 058 000	3 939 000	1 636 000	950 000
Total Assets	4 309 000	4 952 000	2 309 000	1 277 000
Total Equity	763 000	789 000	74 000	−256 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	997 000	736 000	642 000	545 000
Creditors	193 000	446 000	136 000	71 000
Unpaid Taxes	819 000	1 234 000	428 000	302 000
Dividends	0	0	0	0
Other Current Debt	1 498 000	1 557 000	1 029 000	616 000
Total Current Debt	2 549 000	3 427 000	1 593 000	989 000
Total Equity and Debt	4 309 000	4 952 000	2 309 000	1 277 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,28 %	90,62 %	445,95 %	−46,48 %
Debt-to-Equity Ratio	1,31	0,93	8,68	−2,13
Operating Profit Margin	0,09 %	6,27 %	4,9 %	4,17 %
Current Ratio	1,2	1,15	1,03	0,96
Quick Ratio	1,29	1,19	1,37	1,16
Equity Ratio	0,18	0,16	0,03	−0,2
Gross Profit Margin	84,07 %	75,1 %	87,03 %	84,05 %