MAGNE FORSETH TRUCKSERVICE AS

7288 SOKNEDAL

Finances

Return on Equity

5,66 %

Current Ratio

10,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 173 000	4 056 000	3 887 000	3 344 000
Net Income	277 000	686 000	708 000	567 000
Total Assets	5 320 000	5 218 000	4 652 000	4 198 000
Total Equity	4 895 000	4 618 000	3 933 000	3 225 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 173 000	4 056 000	3 887 000	3 344 000
Expenditure	3 832 000	3 232 000	2 984 000	2 628 000
Operating Profit	341 000	824 000	902 000	715 000
Financial Income	47 000	65 000	32 000	31 000
Financial Costs	33 000	10 000	26 000	19 000
Financial Balance	14 000	55 000	6 000	12 000
Earnings Before Tax	355 000	879 000	907 000	727 000
Tax	78 000	193 000	199 000	160 000
Net Income	277 000	686 000	708 000	567 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	881 000	1 068 000	665 000	715 000
Total Current Assets	4 438 000	4 150 000	3 987 000	3 483 000
Total Assets	5 320 000	5 218 000	4 652 000	4 198 000
Total Retained Equity	4 695 000	4 418 000	3 733 000	3 025 000
Total Equity	4 895 000	4 618 000	3 933 000	3 225 000
Total Long-Term Debt	8 000	31 000	0	0
Total Current Debt	417 000	569 000	719 000	973 000
Total Equity and Debt	5 320 000	5 218 000	4 652 000	4 198 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 173 000	3 824 000	3 887 000	3 344 000
Other Income	0	232 000	0	0
Revenue	4 173 000	4 056 000	3 887 000	3 344 000
Cost of Goods Sold	2 335 000	1 611 000	1 524 000	1 243 000
Salary Costs	850 000	898 000	728 000	715 000
Depreciation	215 000	188 000	94 000	91 000
Impairment	0	0	0	0
Expenditure	3 832 000	3 232 000	2 984 000	2 628 000
Operating Profit	341 000	824 000	902 000	715 000
Financial Income	47 000	65 000	32 000	31 000
Financial Costs	33 000	10 000	26 000	19 000
Financial Balance	14 000	55 000	6 000	12 000
Dividends	0	0	0	500 000
Net Income	277 000	686 000	708 000	567 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	9 000	1 000
Real Eastate	210 000	231 000	253 000	274 000
Machinery and Plant Facilities	12 000	68 000	134 000	203 000
Fixtures	449 000	558 000	53 000	0
Total Tangible Assets	671 000	858 000	440 000	477 000
Total Fiancial Fixed Assets	210 000	210 000	217 000	237 000
Total Fixed Assets	881 000	1 068 000	665 000	715 000
Stock	724 000	909 000	839 000	826 000
Total Investments	0	0	0	0
Cash, Bank	3 569 000	2 920 000	2 989 000	2 361 000
Total Current Assets	4 438 000	4 150 000	3 987 000	3 483 000
Total Assets	5 320 000	5 218 000	4 652 000	4 198 000
Total Equity	4 895 000	4 618 000	3 933 000	3 225 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 000	31 000	0	0
Creditors	101 000	92 000	323 000	58 000
Unpaid Taxes	120 000	229 000	113 000	174 000
Dividends	0	0	0	500 000
Other Current Debt	95 000	94 000	76 000	73 000
Total Current Debt	417 000	569 000	719 000	973 000
Total Equity and Debt	5 320 000	5 218 000	4 652 000	4 198 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,66 %	14,85 %	18 %	17,58 %
Debt-to-Equity Ratio	0	0,01	0	0
Operating Profit Margin	8,17 %	20,32 %	23,21 %	21,38 %
Current Ratio	10,64	7,29	5,55	3,58
Quick Ratio	−14,46	−12,21	−33,23	23,69
Equity Ratio	0,92	0,89	0,85	0,77
Gross Profit Margin	44,05 %	60,28 %	60,79 %	62,83 %