TECH MAHINDRA NORWAY AS

0277 OSLO

Finances

Share Ownership

Return on Equity

2,72 %

Current Ratio

0,94

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2023	2022	2021	2020
Revenue	109 078 000	68 877 000	46 895 000	39 494 000
Net Income	5 457 000	21 271 000	3 134 000	2 991 000
Total Assets	450 481 000	118 384 000	64 446 000	33 595 000
Total Equity	200 605 000	32 147 000	10 876 000	7 742 000

Income (NOK)	2023	2022	2021	2020
Revenue	109 078 000	68 877 000	46 895 000	39 494 000
Expenditure	101 947 000	63 120 000	42 791 000	35 523 000
Operating Profit	7 132 000	5 756 000	4 103 000	3 971 000
Financial Income	0	0	0	0
Financial Costs	136 000	153 000	85 000	80 000
Financial Balance	−136 000	−153 000	−85 000	−80 000
Earnings Before Tax	6 996 000	5 604 000	4 018 000	3 891 000
Tax	1 538 000	−15 668 000	884 000	900 000
Net Income	5 457 000	21 271 000	3 134 000	2 991 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	227 873 000	40 867 000	29 307 000	11 243 000
Total Current Assets	222 607 000	77 517 000	35 139 000	22 352 000
Total Assets	450 481 000	118 384 000	64 446 000	33 595 000
Total Retained Equity	37 575 000	32 117 000	10 846 000	7 712 000
Total Equity	200 605 000	32 147 000	10 876 000	7 742 000
Total Long-Term Debt	12 330 000	17 555 000	14 739 000	90 000
Total Current Debt	237 546 000	68 682 000	38 831 000	25 764 000
Total Equity and Debt	450 481 000	118 384 000	64 446 000	33 595 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	108 207 000	67 082 000	45 442 000	37 733 000
Other Income	871 000	1 796 000	1 453 000	1 761 000
Revenue	109 078 000	68 877 000	46 895 000	39 494 000
Cost of Goods Sold	0	0	0	0
Salary Costs	36 689 000	25 489 000	18 417 000	13 446 000
Depreciation	9 206 000	11 316 000	9 594 000	6 844 000
Impairment	0	0	0	0
Expenditure	101 947 000	63 120 000	42 791 000	35 523 000
Operating Profit	7 132 000	5 756 000	4 103 000	3 971 000
Financial Income	0	0	0	0
Financial Costs	136 000	153 000	85 000	80 000
Financial Balance	−136 000	−153 000	−85 000	−80 000
Dividends	0	0	0	0
Net Income	5 457 000	21 271 000	3 134 000	2 991 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	197 750 000	0	0	0
Total Intangible Assets	212 333 000	16 121 000	453 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	15 541 000	24 746 000	28 854 000	11 243 000
Total Tangible Assets	15 541 000	24 746 000	28 854 000	11 243 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	227 873 000	40 867 000	29 307 000	11 243 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	69 341 000	11 670 000	4 110 000	5 572 000
Total Current Assets	222 607 000	77 517 000	35 139 000	22 352 000
Total Assets	450 481 000	118 384 000	64 446 000	33 595 000
Total Equity	200 605 000	32 147 000	10 876 000	7 742 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 330 000	17 555 000	14 739 000	90 000
Creditors	49 234 000	51 829 000	14 918 000	8 517 000
Unpaid Taxes	1 630 000	590 000	584 000	3 989 000
Dividends	0	0	0	0
Other Current Debt	186 123 000	12 166 000	19 813 000	11 168 000
Total Current Debt	237 546 000	68 682 000	38 831 000	25 764 000
Total Equity and Debt	450 481 000	118 384 000	64 446 000	33 595 000

Financial indicators	2023	2022	2021	2020
Return on Equity	2,72 %	66,17 %	28,82 %	38,63 %
Debt-to-Equity Ratio	0,06	0,55	1,36	0,01
Operating Profit Margin	6,54 %	8,36 %	8,75 %	10,05 %
Current Ratio	0,94	1,13	0,9	0,87
Quick Ratio	0,94	1,13	0,9	0,87
Equity Ratio	0,45	0,27	0,17	0,23
Gross Profit Margin	100 %	100 %	100 %	100 %