MECHATRONICS INNOVATION LAB AS

4879 GRIMSTAD

Finances

Return on Equity

−19,07 %

Current Ratio

1,24

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 720 000	14 799 000	13 432 000	11 156 000
Net Income	−2 318 000	1 186 000	2 690 000	138 000
Total Assets	60 185 000	64 491 000	63 736 000	68 966 000
Total Equity	12 154 000	14 472 000	13 286 000	10 596 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 720 000	14 799 000	13 432 000	11 156 000
Expenditure	15 611 000	13 665 000	11 083 000	11 558 000
Operating Profit	−2 892 000	1 135 000	2 349 000	−402 000
Financial Income	613 000	176 000	351 000	547 000
Financial Costs	40 000	17 000	10 000	8 000
Financial Balance	573 000	159 000	341 000	539 000
Earnings Before Tax	−2 318 000	1 293 000	2 690 000	138 000
Tax	0	107 000	0	0
Net Income	−2 318 000	1 186 000	2 690 000	138 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	744 000	0	1 000	2 000
Total Current Assets	59 441 000	64 491 000	63 735 000	68 964 000
Total Assets	60 185 000	64 491 000	63 736 000	68 966 000
Total Retained Equity	1 954 000	4 272 000	3 086 000	396 000
Total Equity	12 154 000	14 472 000	13 286 000	10 596 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	48 030 000	50 019 000	50 450 000	58 370 000
Total Equity and Debt	60 185 000	64 491 000	63 736 000	68 966 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 046 000	11 397 000	11 111 000	7 780 000
Other Income	2 674 000	3 402 000	2 321 000	3 376 000
Revenue	12 720 000	14 799 000	13 432 000	11 156 000
Cost of Goods Sold	1 035 000	1 222 000	938 000	1 203 000
Salary Costs	7 844 000	6 285 000	4 761 000	4 752 000
Depreciation	43 000	1 000	1 000	11 000
Impairment	0	0	0	0
Expenditure	15 611 000	13 665 000	11 083 000	11 558 000
Operating Profit	−2 892 000	1 135 000	2 349 000	−402 000
Financial Income	613 000	176 000	351 000	547 000
Financial Costs	40 000	17 000	10 000	8 000
Financial Balance	573 000	159 000	341 000	539 000
Dividends	0	0	0	0
Net Income	−2 318 000	1 186 000	2 690 000	138 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	194 000	0	1 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	50 000	0	0	0
Total Tangible Assets	50 000	0	0	0
Total Fiancial Fixed Assets	500 000	0	0	0
Total Fixed Assets	744 000	0	1 000	2 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	52 961 000	59 403 000	61 855 000	67 589 000
Total Current Assets	59 441 000	64 491 000	63 735 000	68 964 000
Total Assets	60 185 000	64 491 000	63 736 000	68 966 000
Total Equity	12 154 000	14 472 000	13 286 000	10 596 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	638 000	621 000	314 000	522 000
Unpaid Taxes	1 060 000	1 022 000	340 000	705 000
Dividends	0	0	0	0
Other Current Debt	46 332 000	48 269 000	49 796 000	57 143 000
Total Current Debt	48 030 000	50 019 000	50 450 000	58 370 000
Total Equity and Debt	60 185 000	64 491 000	63 736 000	68 966 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−19,07 %	8,2 %	20,25 %	1,3 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−22,74 %	7,67 %	17,49 %	−3,6 %
Current Ratio	1,24	1,29	1,26	1,18
Quick Ratio	1,24	1,29	1,26	1,18
Equity Ratio	0,2	0,22	0,21	0,15
Gross Profit Margin	91,86 %	91,74 %	93,02 %	89,22 %