MG TECH AS

5055 BERGEN

Finances

Return on Equity

16,6 %

Current Ratio

0,38

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	93 000	163 000	241 000	262 000
Net Income	39 000	64 000	96 000	11 000
Total Assets	281 000	245 000	177 000	51 000
Total Equity	235 000	196 000	132 000	36 000

Income (NOK)	2022	2021	2020	2019
Revenue	93 000	163 000	241 000	262 000
Expenditure	44 000	73 000	112 000	249 000
Operating Profit	50 000	90 000	129 000	13 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Earnings Before Tax	50 000	90 000	128 000	13 000
Tax	11 000	25 000	32 000	2 000
Net Income	39 000	64 000	96 000	11 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	263 000	231 000	148 000	36 000
Total Current Assets	17 000	14 000	28 000	15 000
Total Assets	281 000	245 000	177 000	51 000
Total Retained Equity	211 000	172 000	107 000	11 000
Total Equity	235 000	196 000	132 000	36 000
Total Long-Term Debt	1 000	7 000	0	0
Total Current Debt	45 000	42 000	45 000	15 000
Total Equity and Debt	281 000	245 000	177 000	51 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	93 000	163 000	241 000	162 000
Other Income	0	0	0	100 000
Revenue	93 000	163 000	241 000	262 000
Cost of Goods Sold	0	0	23 000	178 000
Salary Costs	0	1 000	5 000	0
Depreciation	1 000	0	0	0
Impairment	0	0	0	0
Expenditure	44 000	73 000	112 000	249 000
Operating Profit	50 000	90 000	129 000	13 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Dividends	0	0	0	0
Net Income	39 000	64 000	96 000	11 000

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	20 000	0	0	0
Total Tangible Assets	20 000	0	0	0
Total Fiancial Fixed Assets	244 000	231 000	148 000	36 000
Total Fixed Assets	263 000	231 000	148 000	36 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	13 000	13 000	11 000
Total Current Assets	17 000	14 000	28 000	15 000
Total Assets	281 000	245 000	177 000	51 000
Total Equity	235 000	196 000	132 000	36 000
Short-Term Group Debt	0	0	0	7 000
Total Long-Term Debt	1 000	7 000	0	0
Creditors	1 000	2 000	2 000	0
Unpaid Taxes	−5 000	6 000	3 000	0
Dividends	0	0	0	0
Other Current Debt	38 000	8 000	8 000	8 000
Total Current Debt	45 000	42 000	45 000	15 000
Total Equity and Debt	281 000	245 000	177 000	51 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,6 %	32,65 %	72,73 %	30,56 %
Debt-to-Equity Ratio	0	0,04	0	0
Operating Profit Margin	53,76 %	55,21 %	53,53 %	4,96 %
Current Ratio	0,38	0,33	0,62	1
Quick Ratio	0,38	0,33	0,62	1
Equity Ratio	0,84	0,8	0,75	0,71
Gross Profit Margin	100 %	100 %	90,46 %	32,06 %