MERELEKTRO AS

1081 OSLO

Finances

Share Ownership

Return on Equity

9,4 %

Current Ratio

1,21

Debt-to-Equity Ratio

1,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	42 853 000	33 708 000	26 006 000	23 108 000
Net Income	243 000	2 133 000	2 117 000	2 075 000
Total Assets	16 525 000	15 071 000	13 334 000	11 212 000
Total Equity	2 584 000	4 341 000	4 209 000	4 091 000

Income (NOK)	2022	2021	2020	2019
Revenue	42 853 000	33 708 000	26 006 000	23 108 000
Expenditure	42 080 000	30 629 000	23 921 000	20 383 000
Operating Profit	773 000	3 079 000	2 085 000	2 724 000
Financial Income	337 000	187 000	741 000	22 000
Financial Costs	924 000	663 000	109 000	73 000
Financial Balance	−587 000	−476 000	632 000	−51 000
Earnings Before Tax	186 000	2 602 000	2 716 000	2 674 000
Tax	−57 000	469 000	599 000	599 000
Net Income	243 000	2 133 000	2 117 000	2 075 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 182 000	4 535 000	4 061 000	1 565 000
Total Current Assets	12 343 000	10 536 000	9 274 000	9 647 000
Total Assets	16 525 000	15 071 000	13 334 000	11 212 000
Total Retained Equity	1 074 000	2 831 000	2 699 000	2 581 000
Total Equity	2 584 000	4 341 000	4 209 000	4 091 000
Total Long-Term Debt	3 715 000	3 891 000	3 536 000	1 421 000
Total Current Debt	10 226 000	6 839 000	5 590 000	5 700 000
Total Equity and Debt	16 525 000	15 071 000	13 334 000	11 212 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	42 853 000	33 708 000	25 900 000	23 108 000
Other Income	0	0	107 000	0
Revenue	42 853 000	33 708 000	26 006 000	23 108 000
Cost of Goods Sold	15 880 000	11 411 000	8 904 000	6 798 000
Salary Costs	15 722 000	11 207 000	9 807 000	9 311 000
Depreciation	1 222 000	924 000	703 000	208 000
Impairment	0	0	0	0
Expenditure	42 080 000	30 629 000	23 921 000	20 383 000
Operating Profit	773 000	3 079 000	2 085 000	2 724 000
Financial Income	337 000	187 000	741 000	22 000
Financial Costs	924 000	663 000	109 000	73 000
Financial Balance	−587 000	−476 000	632 000	−51 000
Dividends	0	0	0	0
Net Income	243 000	2 133 000	2 117 000	2 075 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	41 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 726 000	4 079 000	3 602 000	1 420 000
Total Tangible Assets	3 726 000	4 079 000	3 602 000	1 420 000
Total Fiancial Fixed Assets	456 000	456 000	459 000	103 000
Total Fixed Assets	4 182 000	4 535 000	4 061 000	1 565 000
Stock	590 000	667 000	528 000	397 000
Total Investments	0	804 000	0	0
Cash, Bank	996 000	1 332 000	3 036 000	3 005 000
Total Current Assets	12 343 000	10 536 000	9 274 000	9 647 000
Total Assets	16 525 000	15 071 000	13 334 000	11 212 000
Total Equity	2 584 000	4 341 000	4 209 000	4 091 000
Short-Term Group Debt	941 000	270 000	0	0
Total Long-Term Debt	3 715 000	3 891 000	3 536 000	1 421 000
Creditors	3 228 000	2 501 000	1 713 000	1 547 000
Unpaid Taxes	2 066 000	1 019 000	1 244 000	1 325 000
Dividends	0	0	0	0
Other Current Debt	3 991 000	3 049 000	2 144 000	2 187 000
Total Current Debt	10 226 000	6 839 000	5 590 000	5 700 000
Total Equity and Debt	16 525 000	15 071 000	13 334 000	11 212 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,4 %	49,14 %	50,3 %	50,72 %
Debt-to-Equity Ratio	1,44	0,9	0,84	0,35
Operating Profit Margin	1,8 %	9,13 %	8,02 %	11,79 %
Current Ratio	1,21	1,54	1,66	1,69
Quick Ratio	1,28	1,71	1,83	1,82
Equity Ratio	0,16	0,29	0,32	0,36
Gross Profit Margin	62,94 %	66,15 %	65,76 %	70,58 %