MITECH AS

4017 STAVANGER

Finances

Share Ownership

Return on Equity

7,95 %

Current Ratio

2,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 100 000	10 629 000	13 416 000	4 821 000
Net Income	147 000	804 000	1 074 000	217 000
Total Assets	3 023 000	3 454 000	4 720 000	2 041 000
Total Equity	1 848 000	1 701 000	897 000	95 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 100 000	10 629 000	13 416 000	4 821 000
Expenditure	6 909 000	9 596 000	12 028 000	4 537 000
Operating Profit	191 000	1 034 000	1 389 000	283 000
Financial Income	7 000	9 000	1 000	0
Financial Costs	5 000	9 000	9 000	2 000
Financial Balance	2 000	0	−8 000	−2 000
Earnings Before Tax	192 000	1 034 000	1 381 000	282 000
Tax	45 000	230 000	307 000	65 000
Net Income	147 000	804 000	1 074 000	217 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	136 000	171 000	0	0
Total Current Assets	2 887 000	3 284 000	4 720 000	2 041 000
Total Assets	3 023 000	3 454 000	4 720 000	2 041 000
Total Retained Equity	1 818 000	1 671 000	867 000	65 000
Total Equity	1 848 000	1 701 000	897 000	95 000
Total Long-Term Debt	6 000	6 000	0	0
Total Current Debt	1 169 000	1 747 000	3 823 000	1 947 000
Total Equity and Debt	3 023 000	3 454 000	4 720 000	2 041 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 062 000	10 629 000	13 416 000	4 821 000
Other Income	38 000	0	0	0
Revenue	7 100 000	10 629 000	13 416 000	4 821 000
Cost of Goods Sold	2 770 000	5 283 000	7 283 000	2 533 000
Salary Costs	2 653 000	3 000 000	2 980 000	893 000
Depreciation	37 000	16 000	0	0
Impairment	0	0	0	0
Expenditure	6 909 000	9 596 000	12 028 000	4 537 000
Operating Profit	191 000	1 034 000	1 389 000	283 000
Financial Income	7 000	9 000	1 000	0
Financial Costs	5 000	9 000	9 000	2 000
Financial Balance	2 000	0	−8 000	−2 000
Dividends	0	0	0	0
Net Income	147 000	804 000	1 074 000	217 000

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	136 000	171 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	136 000	171 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	136 000	171 000	0	0
Stock	155 000	223 000	197 000	281 000
Total Investments	0	0	0	0
Cash, Bank	651 000	2 011 000	3 638 000	534 000
Total Current Assets	2 887 000	3 284 000	4 720 000	2 041 000
Total Assets	3 023 000	3 454 000	4 720 000	2 041 000
Total Equity	1 848 000	1 701 000	897 000	95 000
Short-Term Group Debt	0	119 000	348 000	195 000
Total Long-Term Debt	6 000	6 000	0	0
Creditors	314 000	163 000	586 000	1 514 000
Unpaid Taxes	488 000	639 000	722 000	40 000
Dividends	0	0	0	0
Other Current Debt	321 000	601 000	1 936 000	176 000
Total Current Debt	1 169 000	1 747 000	3 823 000	1 947 000
Total Equity and Debt	3 023 000	3 454 000	4 720 000	2 041 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,95 %	47,27 %	119,73 %	228,42 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,69 %	9,73 %	10,35 %	5,87 %
Current Ratio	2,47	1,88	1,23	1,05
Quick Ratio	2,85	2,15	1,3	1,23
Equity Ratio	0,61	0,49	0,19	0,05
Gross Profit Margin	60,99 %	50,3 %	45,71 %	47,46 %