MAKITECH AS

4708 VENNESLA

Finances

Share Ownership

Return on Equity

486,75 %

Current Ratio

0,26

Debt-to-Equity Ratio

−16,79

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 682 000	11 307 000	11 032 000	9 552 000
Net Income	−735 000	−44 000	222 000	55 000
Total Assets	3 567 000	3 950 000	3 815 000	1 577 000
Total Equity	−151 000	584 000	628 000	406 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 682 000	11 307 000	11 032 000	9 552 000
Expenditure	11 221 000	11 271 000	10 759 000	9 469 000
Operating Profit	−538 000	37 000	273 000	84 000
Financial Income	0	1 000	43 000	0
Financial Costs	197 000	85 000	43 000	12 000
Financial Balance	−197 000	−84 000	0	−12 000
Earnings Before Tax	−735 000	−47 000	273 000	72 000
Tax	0	−3 000	51 000	17 000
Net Income	−735 000	−44 000	222 000	55 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 258 000	3 476 000	3 571 000	564 000
Total Current Assets	309 000	474 000	244 000	1 014 000
Total Assets	3 567 000	3 950 000	3 815 000	1 577 000
Total Retained Equity	−174 000	562 000	605 000	376 000
Total Equity	−151 000	584 000	628 000	406 000
Total Long-Term Debt	2 536 000	2 519 000	2 423 000	248 000
Total Current Debt	1 182 000	847 000	764 000	924 000
Total Equity and Debt	3 567 000	3 950 000	3 815 000	1 577 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 682 000	11 282 000	10 921 000	9 552 000
Other Income	0	25 000	111 000	0
Revenue	10 682 000	11 307 000	11 032 000	9 552 000
Cost of Goods Sold	7 247 000	7 097 000	7 429 000	6 735 000
Salary Costs	1 220 000	1 035 000	1 085 000	1 092 000
Depreciation	113 000	134 000	59 000	65 000
Impairment	50 000	0	0	0
Expenditure	11 221 000	11 271 000	10 759 000	9 469 000
Operating Profit	−538 000	37 000	273 000	84 000
Financial Income	0	1 000	43 000	0
Financial Costs	197 000	85 000	43 000	12 000
Financial Balance	−197 000	−84 000	0	−12 000
Dividends	0	0	0	0
Net Income	−735 000	−44 000	222 000	55 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	100 000	150 000	150 000	150 000
Real Eastate	2 821 000	2 854 000	2 886 000	17 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	187 000	267 000	327 000	186 000
Total Tangible Assets	3 008 000	3 121 000	3 213 000	203 000
Total Fiancial Fixed Assets	150 000	205 000	208 000	210 000
Total Fixed Assets	3 258 000	3 476 000	3 571 000	564 000
Stock	12 000	39 000	99 000	248 000
Total Investments	0	0	0	0
Cash, Bank	6 000	24 000	61 000	391 000
Total Current Assets	309 000	474 000	244 000	1 014 000
Total Assets	3 567 000	3 950 000	3 815 000	1 577 000
Total Equity	−151 000	584 000	628 000	406 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 536 000	2 519 000	2 423 000	248 000
Creditors	757 000	547 000	459 000	593 000
Unpaid Taxes	261 000	128 000	115 000	202 000
Dividends	0	0	0	0
Other Current Debt	164 000	165 000	150 000	103 000
Total Current Debt	1 182 000	847 000	764 000	924 000
Total Equity and Debt	3 567 000	3 950 000	3 815 000	1 577 000

Financial indicators	2022	2021	2020	2019
Return on Equity	486,75 %	−7,53 %	35,35 %	13,55 %
Debt-to-Equity Ratio	−16,79	4,31	3,86	0,61
Operating Profit Margin	−5,04 %	0,33 %	2,47 %	0,88 %
Current Ratio	0,26	0,56	0,32	1,1
Quick Ratio	0,26	0,59	0,37	1,5
Equity Ratio	−0,04	0,15	0,16	0,26
Gross Profit Margin	32,16 %	37,23 %	32,66 %	29,49 %