MITECH HOLDING AS

4633 KRISTIANSAND S

Finances

Return on Equity

65,76 %

Current Ratio

1,37

Debt-to-Equity Ratio

2,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 591 000	11 556 000	7 198 000	6 090 000
Net Income	2 601 000	2 443 000	−1 406 000	−618 000
Total Assets	17 801 000	14 231 000	12 195 000	10 972 000
Total Equity	3 955 000	1 354 000	−820 000	585 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 591 000	11 556 000	7 198 000	6 090 000
Expenditure	8 489 000	8 270 000	8 594 000	9 001 000
Operating Profit	3 101 000	3 285 000	−1 397 000	−2 911 000
Financial Income	17 000	2 000	2 000	2 369 000
Financial Costs	117 000	81 000	91 000	76 000
Financial Balance	−100 000	−79 000	−89 000	2 293 000
Earnings Before Tax	3 000 000	3 206 000	−1 486 000	−618 000
Tax	399 000	763 000	−80 000	0
Net Income	2 601 000	2 443 000	−1 406 000	−618 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 718 000	9 743 000	7 042 000	6 953 000
Total Current Assets	4 083 000	4 489 000	5 153 000	4 019 000
Total Assets	17 801 000	14 231 000	12 195 000	10 972 000
Total Retained Equity	3 455 000	854 000	−1 320 000	85 000
Total Equity	3 955 000	1 354 000	−820 000	585 000
Total Long-Term Debt	10 866 000	7 078 000	9 811 000	8 138 000
Total Current Debt	2 980 000	5 799 000	3 205 000	2 249 000
Total Equity and Debt	17 801 000	14 231 000	12 195 000	10 972 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 989 000	6 681 000	4 916 000	3 417 000
Other Income	7 602 000	4 876 000	2 282 000	2 673 000
Revenue	11 591 000	11 556 000	7 198 000	6 090 000
Cost of Goods Sold	1 298 000	2 276 000	2 995 000	3 074 000
Salary Costs	13 000	11 000	26 000	16 000
Depreciation	2 586 000	2 902 000	2 586 000	2 164 000
Impairment	0	0	0	0
Expenditure	8 489 000	8 270 000	8 594 000	9 001 000
Operating Profit	3 101 000	3 285 000	−1 397 000	−2 911 000
Financial Income	17 000	2 000	2 000	2 369 000
Financial Costs	117 000	81 000	91 000	76 000
Financial Balance	−100 000	−79 000	−89 000	2 293 000
Dividends	0	0	0	450 000
Net Income	2 601 000	2 443 000	−1 406 000	−618 000

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	9 666 000	7 238 000	6 282 000	6 111 000
Fixtures	3 734 000	2 137 000	342 000	345 000
Total Tangible Assets	13 400 000	9 375 000	6 624 000	6 455 000
Total Fiancial Fixed Assets	318 000	368 000	418 000	498 000
Total Fixed Assets	13 718 000	9 743 000	7 042 000	6 953 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 623 000	935 000	587 000	15 000
Total Current Assets	4 083 000	4 489 000	5 153 000	4 019 000
Total Assets	17 801 000	14 231 000	12 195 000	10 972 000
Total Equity	3 955 000	1 354 000	−820 000	585 000
Short-Term Group Debt	509 000	450 000	218 000	218 000
Total Long-Term Debt	10 866 000	7 078 000	9 811 000	8 138 000
Creditors	1 697 000	4 553 000	2 682 000	1 081 000
Unpaid Taxes	370 000	43 000	299 000	176 000
Dividends	0	0	0	450 000
Other Current Debt	4 000	66 000	6 000	325 000
Total Current Debt	2 980 000	5 799 000	3 205 000	2 249 000
Total Equity and Debt	17 801 000	14 231 000	12 195 000	10 972 000

Financial indicators	2022	2021	2020	2019
Return on Equity	65,76 %	180,43 %	171,46 %	−105,64 %
Debt-to-Equity Ratio	2,75	5,23	−11,96	13,91
Operating Profit Margin	26,75 %	28,43 %	−19,41 %	−47,8 %
Current Ratio	1,37	0,77	1,61	1,79
Quick Ratio	1,37	0,77	1,61	1,79
Equity Ratio	0,22	0,1	−0,07	0,05
Gross Profit Margin	88,8 %	80,3 %	58,39 %	49,52 %