MOVAFAGH AS

1397 NESØYA

Finances

Share Ownership

Return on Equity

1 129,79 %

Current Ratio

0,68

Debt-to-Equity Ratio

8,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 177 000	4 638 000	4 158 000	3 967 000
Net Income	531 000	1 098 000	1 401 000	866 000
Total Assets	1 326 000	2 147 000	1 991 000	1 396 000
Total Equity	47 000	32 000	32 000	31 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 177 000	4 638 000	4 158 000	3 967 000
Expenditure	3 505 000	3 220 000	2 365 000	2 859 000
Operating Profit	671 000	1 419 000	1 793 000	1 108 000
Financial Income	1 000	3 000	4 000	4 000
Financial Costs	12 000	14 000	1 000	2 000
Financial Balance	−11 000	−11 000	3 000	2 000
Earnings Before Tax	660 000	1 408 000	1 796 000	1 110 000
Tax	130 000	310 000	395 000	244 000
Net Income	531 000	1 098 000	1 401 000	866 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	717 000	957 000	171 000	214 000
Total Current Assets	609 000	1 190 000	1 820 000	1 182 000
Total Assets	1 326 000	2 147 000	1 991 000	1 396 000
Total Retained Equity	17 000	2 000	2 000	1 000
Total Equity	47 000	32 000	32 000	31 000
Total Long-Term Debt	379 000	417 000	5 000	5 000
Total Current Debt	900 000	1 698 000	1 955 000	1 360 000
Total Equity and Debt	1 326 000	2 147 000	1 991 000	1 396 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 177 000	4 733 000	4 102 000	3 967 000
Other Income	0	−95 000	56 000	0
Revenue	4 177 000	4 638 000	4 158 000	3 967 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 187 000	1 722 000	1 025 000	1 659 000
Depreciation	240 000	162 000	43 000	53 000
Impairment	0	0	0	0
Expenditure	3 505 000	3 220 000	2 365 000	2 859 000
Operating Profit	671 000	1 419 000	1 793 000	1 108 000
Financial Income	1 000	3 000	4 000	4 000
Financial Costs	12 000	14 000	1 000	2 000
Financial Balance	−11 000	−11 000	3 000	2 000
Dividends	515 000	1 098 000	1 400 000	873 000
Net Income	531 000	1 098 000	1 401 000	866 000

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	717 000	957 000	171 000	214 000
Total Tangible Assets	717 000	957 000	171 000	214 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	717 000	957 000	171 000	214 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	527 000	1 197 000	1 814 000	1 072 000
Total Current Assets	609 000	1 190 000	1 820 000	1 182 000
Total Assets	1 326 000	2 147 000	1 991 000	1 396 000
Total Equity	47 000	32 000	32 000	31 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	379 000	417 000	5 000	5 000
Creditors	0	−29 000	9 000	0
Unpaid Taxes	5 000	135 000	7 000	122 000
Dividends	515 000	1 098 000	1 400 000	873 000
Other Current Debt	235 000	184 000	144 000	119 000
Total Current Debt	900 000	1 698 000	1 955 000	1 360 000
Total Equity and Debt	1 326 000	2 147 000	1 991 000	1 396 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 129,79 %	3 431,25 %	4 378,13 %	2 793,55 %
Debt-to-Equity Ratio	8,06	13,03	0,16	0,16
Operating Profit Margin	16,06 %	30,6 %	43,12 %	27,93 %
Current Ratio	0,68	0,7	0,93	0,87
Quick Ratio	0,68	0,7	0,93	0,87
Equity Ratio	0,04	0,01	0,02	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %