MERLIN MEDTECH AS

3684 NOTODDEN

Finances

Return on Equity

−70,33 %

Current Ratio

0,25

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	516 000	0	86 000
Net Income	−1 460 000	1 494 000	−793 000	610 000
Total Assets	7 240 000	4 798 000	2 636 000	1 816 000
Total Equity	2 076 000	3 536 000	2 040 000	1 677 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	516 000	0	86 000
Expenditure	1 988 000	1 018 000	1 014 000	936 000
Operating Profit	−1 719 000	−502 000	−1 015 000	−850 000
Financial Income	9 000	1 893 000	0	1 273 000
Financial Costs	38 000	10 000	1 000	0
Financial Balance	−29 000	1 883 000	−1 000	1 273 000
Earnings Before Tax	−1 748 000	1 381 000	−1 016 000	422 000
Tax	−288 000	−113 000	−224 000	−187 000
Net Income	−1 460 000	1 494 000	−793 000	610 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 011 000	523 000	411 000	187 000
Total Current Assets	1 229 000	4 275 000	2 225 000	1 629 000
Total Assets	7 240 000	4 798 000	2 636 000	1 816 000
Total Retained Equity	−1 460 000	3 500 000	−1 411 000	1 641 000
Total Equity	2 076 000	3 536 000	2 040 000	1 677 000
Total Long-Term Debt	200 000	0	0	0
Total Current Debt	4 964 000	1 262 000	596 000	140 000
Total Equity and Debt	7 240 000	4 798 000	2 636 000	1 816 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	516 000	0	86 000
Other Income	0	0	0	0
Revenue	0	516 000	0	86 000
Cost of Goods Sold	484 000	623 000	304 000	534 000
Salary Costs	306 000	7 000	126 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 988 000	1 018 000	1 014 000	936 000
Operating Profit	−1 719 000	−502 000	−1 015 000	−850 000
Financial Income	9 000	1 893 000	0	1 273 000
Financial Costs	38 000	10 000	1 000	0
Financial Balance	−29 000	1 883 000	−1 000	1 273 000
Dividends	0	0	0	0
Net Income	−1 460 000	1 494 000	−793 000	610 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	5 200 000	0	0	0
Total Intangible Assets	6 011 000	523 000	411 000	187 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 011 000	523 000	411 000	187 000
Stock	708 000	438 000	392 000	392 000
Total Investments	0	0	0	0
Cash, Bank	202 000	1 162 000	99 000	597 000
Total Current Assets	1 229 000	4 275 000	2 225 000	1 629 000
Total Assets	7 240 000	4 798 000	2 636 000	1 816 000
Total Equity	2 076 000	3 536 000	2 040 000	1 677 000
Short-Term Group Debt	3 400 000	0	0	0
Total Long-Term Debt	200 000	0	0	0
Creditors	563 000	1 188 000	543 000	104 000
Unpaid Taxes	20 000	0	6 000	0
Dividends	0	0	0	0
Other Current Debt	981 000	74 000	47 000	35 000
Total Current Debt	4 964 000	1 262 000	596 000	140 000
Total Equity and Debt	7 240 000	4 798 000	2 636 000	1 816 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−70,33 %	42,25 %	−38,87 %	36,37 %
Debt-to-Equity Ratio	0,1	0	0	0
Operating Profit Margin	-	−97,29 %	-	−988,37 %
Current Ratio	0,25	3,39	3,73	11,64
Quick Ratio	0,29	5,19	10,91	−6,46
Equity Ratio	0,29	0,74	0,77	0,92
Gross Profit Margin	-	−20,74 %	-	−520,93 %