RENE MECHANICS AS

1911 FLATEBY

Finances

Share Ownership

Return on Equity

−315,63 %

Current Ratio

0,32

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 023 000	2 101 000	3 891 000	5 116 000
Net Income	101 000	−646 000	175 000	897 000
Total Assets	459 000	634 000	1 333 000	2 027 000
Total Equity	−32 000	−133 000	513 000	538 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 023 000	2 101 000	3 891 000	5 116 000
Expenditure	1 920 000	2 743 000	3 660 000	4 009 000
Operating Profit	102 000	−642 000	230 000	1 107 000
Financial Income	0	2 000	13 000	1 000
Financial Costs	0	6 000	19 000	1 000
Financial Balance	0	−4 000	−6 000	0
Earnings Before Tax	101 000	−646 000	224 000	1 107 000
Tax	0	0	49 000	210 000
Net Income	101 000	−646 000	175 000	897 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	300 000	544 000	684 000	213 000
Total Current Assets	158 000	91 000	649 000	1 814 000
Total Assets	459 000	634 000	1 333 000	2 027 000
Total Retained Equity	−62 000	−163 000	483 000	508 000
Total Equity	−32 000	−133 000	513 000	538 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	491 000	768 000	820 000	1 489 000
Total Equity and Debt	459 000	634 000	1 333 000	2 027 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 930 000	2 078 000	3 886 000	5 064 000
Other Income	92 000	23 000	5 000	51 000
Revenue	2 023 000	2 101 000	3 891 000	5 116 000
Cost of Goods Sold	734 000	1 293 000	1 518 000	2 514 000
Salary Costs	315 000	543 000	649 000	440 000
Depreciation	99 000	136 000	171 000	51 000
Impairment	0	0	0	0
Expenditure	1 920 000	2 743 000	3 660 000	4 009 000
Operating Profit	102 000	−642 000	230 000	1 107 000
Financial Income	0	2 000	13 000	1 000
Financial Costs	0	6 000	19 000	1 000
Financial Balance	0	−4 000	−6 000	0
Dividends	0	0	200 000	500 000
Net Income	101 000	−646 000	175 000	897 000

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	180 000	226 000	237 000	120 000
Fixtures	120 000	317 000	447 000	84 000
Total Tangible Assets	300 000	544 000	684 000	204 000
Total Fiancial Fixed Assets	0	0	0	9 000
Total Fixed Assets	300 000	544 000	684 000	213 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	157 000	24 000	130 000	1 265 000
Total Current Assets	158 000	91 000	649 000	1 814 000
Total Assets	459 000	634 000	1 333 000	2 027 000
Total Equity	−32 000	−133 000	513 000	538 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	135 000	146 000	101 000	724 000
Unpaid Taxes	52 000	47 000	100 000	22 000
Dividends	0	0	200 000	500 000
Other Current Debt	303 000	575 000	370 000	534 000
Total Current Debt	491 000	768 000	820 000	1 489 000
Total Equity and Debt	459 000	634 000	1 333 000	2 027 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−315,63 %	485,71 %	34,11 %	166,73 %
Debt-to-Equity Ratio	−0	−0	0	0
Operating Profit Margin	5,04 %	−30,56 %	5,91 %	21,64 %
Current Ratio	0,32	0,12	0,79	1,22
Quick Ratio	0,32	0,12	0,79	1,22
Equity Ratio	−0,07	−0,21	0,38	0,27
Gross Profit Margin	63,72 %	38,46 %	60,99 %	50,86 %