MINNEL GEOSYNTETICS AS

3128 NØTTERØY

Finances

Share Ownership

Return on Equity

2 133,33 %

Current Ratio

0,95

Debt-to-Equity Ratio

50,67

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 255 000	1 145 000	1 125 000	1 065 000
Net Income	64 000	−140 000	27 000	119 000
Total Assets	364 000	330 000	546 000	194 000
Total Equity	3 000	−61 000	80 000	53 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 255 000	1 145 000	1 125 000	1 065 000
Expenditure	1 215 000	1 277 000	1 072 000	926 000
Operating Profit	39 000	−132 000	53 000	139 000
Financial Income	12 000	3 000	4 000	0
Financial Costs	8 000	11 000	11 000	9 000
Financial Balance	4 000	−8 000	−7 000	−9 000
Earnings Before Tax	44 000	−140 000	47 000	130 000
Tax	−20 000	0	20 000	11 000
Net Income	64 000	−140 000	27 000	119 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	164 000	283 000	468 000	0
Total Current Assets	200 000	48 000	78 000	194 000
Total Assets	364 000	330 000	546 000	194 000
Total Retained Equity	−47 000	−111 000	30 000	3 000
Total Equity	3 000	−61 000	80 000	53 000
Total Long-Term Debt	152 000	216 000	281 000	0
Total Current Debt	210 000	175 000	186 000	141 000
Total Equity and Debt	364 000	330 000	546 000	194 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 255 000	1 145 000	1 125 000	1 065 000
Other Income	0	0	0	0
Revenue	1 255 000	1 145 000	1 125 000	1 065 000
Cost of Goods Sold	0	0	0	0
Salary Costs	872 000	866 000	693 000	692 000
Depreciation	167 000	218 000	156 000	0
Impairment	0	0	0	0
Expenditure	1 215 000	1 277 000	1 072 000	926 000
Operating Profit	39 000	−132 000	53 000	139 000
Financial Income	12 000	3 000	4 000	0
Financial Costs	8 000	11 000	11 000	9 000
Financial Balance	4 000	−8 000	−7 000	−9 000
Dividends	0	0	0	0
Net Income	64 000	−140 000	27 000	119 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	48 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	116 000	283 000	468 000	0
Total Tangible Assets	116 000	283 000	468 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	164 000	283 000	468 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	197 000	43 000	69 000	194 000
Total Current Assets	200 000	48 000	78 000	194 000
Total Assets	364 000	330 000	546 000	194 000
Total Equity	3 000	−61 000	80 000	53 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	152 000	216 000	281 000	0
Creditors	8 000	6 000	9 000	3 000
Unpaid Taxes	65 000	60 000	64 000	47 000
Dividends	0	0	0	0
Other Current Debt	109 000	109 000	93 000	81 000
Total Current Debt	210 000	175 000	186 000	141 000
Total Equity and Debt	364 000	330 000	546 000	194 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2 133,33 %	229,51 %	33,75 %	224,53 %
Debt-to-Equity Ratio	50,67	−3,54	3,51	0
Operating Profit Margin	3,11 %	−11,53 %	4,71 %	13,05 %
Current Ratio	0,95	0,27	0,42	1,38
Quick Ratio	0,95	0,27	0,42	1,38
Equity Ratio	0,01	−0,18	0,15	0,27
Gross Profit Margin	100 %	100 %	100 %	100 %