MITSUBISHI TURBOCHARGER AND ENGINE EUROPE BV

3430 SPIKKESTAD

Finances

Share Ownership

Return on Equity

15,7 %

Current Ratio

1,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	101 173 000	70 109 000	68 559 000	55 951 000
Net Income	4 533 000	5 332 000	238 000	2 163 000
Total Assets	62 118 000	39 232 000	52 577 000	46 377 000
Total Equity	28 871 000	24 338 000	32 005 000	31 767 000

Income (NOK)	2022	2021	2020	2019
Revenue	101 173 000	70 109 000	68 559 000	55 951 000
Expenditure	94 430 000	62 538 000	68 180 000	53 415 000
Operating Profit	6 742 000	7 571 000	380 000	2 535 000
Financial Income	5 121 000	3 607 000	3 079 000	131 000
Financial Costs	6 133 000	4 273 000	2 628 000	307 000
Financial Balance	−1 012 000	−666 000	451 000	−176 000
Earnings Before Tax	5 730 000	6 905 000	831 000	2 359 000
Tax	1 197 000	1 572 000	592 000	197 000
Net Income	4 533 000	5 332 000	238 000	2 163 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 000	9 000	33 000	104 000
Total Current Assets	62 113 000	39 223 000	52 544 000	46 274 000
Total Assets	62 118 000	39 232 000	52 577 000	46 377 000
Total Retained Equity	28 871 000	24 338 000	32 005 000	31 767 000
Total Equity	28 871 000	24 338 000	32 005 000	31 767 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	33 248 000	14 894 000	20 572 000	14 610 000
Total Equity and Debt	62 118 000	39 232 000	52 577 000	46 377 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	101 173 000	69 742 000	68 559 000	55 951 000
Other Income	0	367 000	0	0
Revenue	101 173 000	70 109 000	68 559 000	55 951 000
Cost of Goods Sold	71 014 000	42 001 000	45 120 000	30 917 000
Salary Costs	16 658 000	15 128 000	16 684 000	16 515 000
Depreciation	9 000	24 000	94 000	92 000
Impairment	0	0	0	0
Expenditure	94 430 000	62 538 000	68 180 000	53 415 000
Operating Profit	6 742 000	7 571 000	380 000	2 535 000
Financial Income	5 121 000	3 607 000	3 079 000	131 000
Financial Costs	6 133 000	4 273 000	2 628 000	307 000
Financial Balance	−1 012 000	−666 000	451 000	−176 000
Dividends	0	0	0	0
Net Income	4 533 000	5 332 000	238 000	2 163 000

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	7 000	79 000
Fixtures	0	9 000	26 000	24 000
Total Tangible Assets	0	9 000	33 000	104 000
Total Fiancial Fixed Assets	5 000	0	0	0
Total Fixed Assets	5 000	9 000	33 000	104 000
Stock	16 925 000	10 354 000	6 667 000	10 060 000
Total Investments	0	0	0	0
Cash, Bank	12 182 000	12 764 000	37 490 000	29 762 000
Total Current Assets	62 113 000	39 223 000	52 544 000	46 274 000
Total Assets	62 118 000	39 232 000	52 577 000	46 377 000
Total Equity	28 871 000	24 338 000	32 005 000	31 767 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	14 699 000	6 430 000	14 621 000	9 230 000
Unpaid Taxes	844 000	820 000	789 000	820 000
Dividends	0	0	0	0
Other Current Debt	10 915 000	4 098 000	3 187 000	3 210 000
Total Current Debt	33 248 000	14 894 000	20 572 000	14 610 000
Total Equity and Debt	62 118 000	39 232 000	52 577 000	46 377 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,7 %	21,91 %	0,74 %	6,81 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,66 %	10,8 %	0,55 %	4,53 %
Current Ratio	1,87	2,63	2,55	3,17
Quick Ratio	3,81	8,64	3,78	10,17
Equity Ratio	0,46	0,62	0,61	0,68
Gross Profit Margin	29,81 %	40,09 %	34,19 %	44,74 %