OLE MEKK AS

2320 FURNES

Finances

Share Ownership

Return on Equity

27,18 %

Current Ratio

2,03

Debt-to-Equity Ratio

1,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	952 000	1 070 000	1 241 000	1 887 000
Net Income	56 000	258 000	−15 000	−140 000
Total Assets	797 000	821 000	412 000	752 000
Total Equity	206 000	150 000	−108 000	−56 000

Income (NOK)	2022	2021	2020	2019
Revenue	952 000	1 070 000	1 241 000	1 887 000
Expenditure	880 000	794 000	1 242 000	2 027 000
Operating Profit	73 000	277 000	−2 000	−141 000
Financial Income	0	0	0	1 000
Financial Costs	2 000	0	14 000	0
Financial Balance	−2 000	0	−14 000	1 000
Earnings Before Tax	71 000	277 000	−15 000	−140 000
Tax	16 000	19 000	0	0
Net Income	56 000	258 000	−15 000	−140 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	423 000	378 000	160 000	160 000
Total Current Assets	374 000	443 000	253 000	592 000
Total Assets	797 000	821 000	412 000	752 000
Total Retained Equity	181 000	125 000	−132 000	−81 000
Total Equity	206 000	150 000	−108 000	−56 000
Total Long-Term Debt	408 000	408 000	400 000	400 000
Total Current Debt	184 000	263 000	120 000	409 000
Total Equity and Debt	797 000	821 000	412 000	752 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	952 000	1 070 000	1 241 000	1 887 000
Other Income	0	0	0	0
Revenue	952 000	1 070 000	1 241 000	1 887 000
Cost of Goods Sold	288 000	308 000	230 000	580 000
Salary Costs	56 000	65 000	409 000	690 000
Depreciation	71 000	0	30 000	39 000
Impairment	0	0	0	0
Expenditure	880 000	794 000	1 242 000	2 027 000
Operating Profit	73 000	277 000	−2 000	−141 000
Financial Income	0	0	0	1 000
Financial Costs	2 000	0	14 000	0
Financial Balance	−2 000	0	−14 000	1 000
Dividends	0	0	0	0
Net Income	56 000	258 000	−15 000	−140 000

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	176 000	67 000	67 000	95 000
Fixtures	185 000	221 000	13 000	0
Total Tangible Assets	361 000	288 000	80 000	95 000
Total Fiancial Fixed Assets	62 000	90 000	80 000	65 000
Total Fixed Assets	423 000	378 000	160 000	160 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	113 000	194 000	6 000	146 000
Total Current Assets	374 000	443 000	253 000	592 000
Total Assets	797 000	821 000	412 000	752 000
Total Equity	206 000	150 000	−108 000	−56 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	408 000	408 000	400 000	400 000
Creditors	27 000	75 000	70 000	71 000
Unpaid Taxes	49 000	60 000	−1 000	203 000
Dividends	0	0	0	0
Other Current Debt	35 000	46 000	50 000	135 000
Total Current Debt	184 000	263 000	120 000	409 000
Total Equity and Debt	797 000	821 000	412 000	752 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,18 %	172 %	13,89 %	250 %
Debt-to-Equity Ratio	1,98	2,72	−3,7	−7,14
Operating Profit Margin	7,67 %	25,89 %	−0,16 %	−7,47 %
Current Ratio	2,03	1,68	2,11	1,45
Quick Ratio	2,03	1,68	2,11	1,45
Equity Ratio	0,26	0,18	−0,26	−0,07
Gross Profit Margin	69,75 %	71,21 %	81,47 %	69,26 %