MINITECH AS

2322 RIDABU

Finances

Share Ownership

Return on Equity

29,19 %

Current Ratio

2,54

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 681 000	20 763 000	13 421 000	24 438 000
Net Income	4 620 000	4 502 000	939 000	4 149 000
Total Assets	20 174 000	16 965 000	13 285 000	15 410 000
Total Equity	15 830 000	9 642 000	8 140 000	7 201 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 681 000	20 763 000	13 421 000	24 438 000
Expenditure	15 851 000	15 050 000	12 573 000	19 801 000
Operating Profit	5 830 000	5 712 000	848 000	4 638 000
Financial Income	166 000	109 000	458 000	769 000
Financial Costs	72 000	50 000	62 000	112 000
Financial Balance	94 000	59 000	396 000	657 000
Earnings Before Tax	5 924 000	5 772 000	1 244 000	5 295 000
Tax	1 304 000	1 270 000	305 000	1 146 000
Net Income	4 620 000	4 502 000	939 000	4 149 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 133 000	2 798 000	2 927 000	2 806 000
Total Current Assets	11 041 000	14 166 000	10 358 000	12 604 000
Total Assets	20 174 000	16 965 000	13 285 000	15 410 000
Total Retained Equity	13 257 000	8 637 000	7 135 000	6 196 000
Total Equity	15 830 000	9 642 000	8 140 000	7 201 000
Total Long-Term Debt	2 000	1 970 000	2 985 000	4 025 000
Total Current Debt	4 341 000	5 353 000	2 160 000	4 185 000
Total Equity and Debt	20 174 000	16 965 000	13 285 000	15 410 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 681 000	20 763 000	13 302 000	24 438 000
Other Income	0	0	119 000	0
Revenue	21 681 000	20 763 000	13 421 000	24 438 000
Cost of Goods Sold	7 653 000	7 510 000	5 431 000	8 227 000
Salary Costs	5 836 000	5 499 000	5 428 000	7 614 000
Depreciation	52 000	137 000	161 000	159 000
Impairment	0	0	0	0
Expenditure	15 851 000	15 050 000	12 573 000	19 801 000
Operating Profit	5 830 000	5 712 000	848 000	4 638 000
Financial Income	166 000	109 000	458 000	769 000
Financial Costs	72 000	50 000	62 000	112 000
Financial Balance	94 000	59 000	396 000	657 000
Dividends	0	3 000 000	0	2 250 000
Net Income	4 620 000	4 502 000	939 000	4 149 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 489 000	8 000	0	0
Real Eastate	36 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	329 000	78 000	215 000	282 000
Total Tangible Assets	365 000	78 000	215 000	282 000
Total Fiancial Fixed Assets	4 279 000	2 712 000	2 712 000	2 524 000
Total Fixed Assets	9 133 000	2 798 000	2 927 000	2 806 000
Stock	3 725 000	4 152 000	4 124 000	4 706 000
Total Investments	0	0	0	0
Cash, Bank	3 539 000	5 713 000	3 545 000	3 521 000
Total Current Assets	11 041 000	14 166 000	10 358 000	12 604 000
Total Assets	20 174 000	16 965 000	13 285 000	15 410 000
Total Equity	15 830 000	9 642 000	8 140 000	7 201 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	1 970 000	2 985 000	4 025 000
Creditors	1 510 000	1 154 000	398 000	384 000
Unpaid Taxes	1 005 000	1 287 000	1 002 000	1 132 000
Dividends	0	3 000 000	0	2 250 000
Other Current Debt	533 000	619 000	415 000	546 000
Total Current Debt	4 341 000	5 353 000	2 160 000	4 185 000
Total Equity and Debt	20 174 000	16 965 000	13 285 000	15 410 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,19 %	46,69 %	11,54 %	57,62 %
Debt-to-Equity Ratio	0	0,2	0,37	0,56
Operating Profit Margin	26,89 %	27,51 %	6,32 %	18,98 %
Current Ratio	2,54	2,65	4,8	3,01
Quick Ratio	17,92	11,8	−5,27	−24,19
Equity Ratio	0,78	0,57	0,61	0,47
Gross Profit Margin	64,7 %	63,83 %	59,53 %	66,34 %