MHE ELEKTRO AS

2005 RÆLINGEN

Finances

Share Ownership

Return on Equity

53,95 %

Current Ratio

1,73

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 507 000	2 125 000	2 286 000	1 881 000
Net Income	157 000	15 000	36 000	125 000
Total Assets	712 000	554 000	839 000	807 000
Total Equity	291 000	134 000	169 000	133 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 507 000	2 125 000	2 286 000	1 881 000
Expenditure	2 300 000	2 097 000	2 222 000	1 715 000
Operating Profit	208 000	29 000	64 000	166 000
Financial Income	0	0	0	0
Financial Costs	4 000	6 000	17 000	6 000
Financial Balance	−4 000	−6 000	−17 000	−6 000
Earnings Before Tax	204 000	23 000	47 000	161 000
Tax	47 000	8 000	11 000	36 000
Net Income	157 000	15 000	36 000	125 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 000	16 000	292 000	349 000
Total Current Assets	701 000	538 000	547 000	458 000
Total Assets	712 000	554 000	839 000	807 000
Total Retained Equity	261 000	104 000	139 000	103 000
Total Equity	291 000	134 000	169 000	133 000
Total Long-Term Debt	16 000	20 000	302 000	327 000
Total Current Debt	406 000	400 000	369 000	347 000
Total Equity and Debt	712 000	554 000	839 000	807 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 507 000	2 069 000	2 286 000	1 878 000
Other Income	0	56 000	0	3 000
Revenue	2 507 000	2 125 000	2 286 000	1 881 000
Cost of Goods Sold	182 000	139 000	142 000	86 000
Salary Costs	1 565 000	1 527 000	1 642 000	1 242 000
Depreciation	5 000	5 000	56 000	5 000
Impairment	0	0	0	0
Expenditure	2 300 000	2 097 000	2 222 000	1 715 000
Operating Profit	208 000	29 000	64 000	166 000
Financial Income	0	0	0	0
Financial Costs	4 000	6 000	17 000	6 000
Financial Balance	−4 000	−6 000	−17 000	−6 000
Dividends	0	50 000	0	89 000
Net Income	157 000	15 000	36 000	125 000

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	11 000	0	0	0
Fixtures	0	16 000	273 000	329 000
Total Tangible Assets	11 000	16 000	273 000	329 000
Total Fiancial Fixed Assets	0	0	20 000	20 000
Total Fixed Assets	11 000	16 000	292 000	349 000
Stock	26 000	26 000	14 000	16 000
Total Investments	0	0	0	0
Cash, Bank	341 000	298 000	340 000	214 000
Total Current Assets	701 000	538 000	547 000	458 000
Total Assets	712 000	554 000	839 000	807 000
Total Equity	291 000	134 000	169 000	133 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	16 000	20 000	302 000	327 000
Creditors	96 000	33 000	4 000	30 000
Unpaid Taxes	197 000	231 000	219 000	177 000
Dividends	0	50 000	0	89 000
Other Current Debt	61 000	135 000	131 000	96 000
Total Current Debt	406 000	400 000	369 000	347 000
Total Equity and Debt	712 000	554 000	839 000	807 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,95 %	11,19 %	21,3 %	93,98 %
Debt-to-Equity Ratio	0,05	0,15	1,79	2,46
Operating Profit Margin	8,3 %	1,36 %	2,8 %	8,83 %
Current Ratio	1,73	1,35	1,48	1,32
Quick Ratio	1,84	1,44	1,54	1,38
Equity Ratio	0,41	0,24	0,2	0,16
Gross Profit Margin	92,74 %	93,46 %	93,79 %	95,43 %