MORTENSEN ELEKTRO & AUTOMASJON AS

5282 LONEVÅG

Finances

Share Ownership

Return on Equity

43,67 %

Current Ratio

1,85

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 935 000	1 250 000	796 000	400 000
Net Income	145 000	30 000	71 000	56 000
Total Assets	744 000	615 000	464 000	196 000
Total Equity	332 000	187 000	157 000	86 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 935 000	1 250 000	796 000	400 000
Expenditure	1 754 000	1 211 000	704 000	329 000
Operating Profit	181 000	38 000	91 000	71 000
Financial Income	2 000	1 000	0	0
Financial Costs	0	0	0	0
Financial Balance	2 000	1 000	0	0
Earnings Before Tax	183 000	39 000	91 000	71 000
Tax	37 000	9 000	20 000	16 000
Net Income	145 000	30 000	71 000	56 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 000	28 000	37 000	20 000
Total Current Assets	725 000	587 000	427 000	176 000
Total Assets	744 000	615 000	464 000	196 000
Total Retained Equity	302 000	157 000	127 000	56 000
Total Equity	332 000	187 000	157 000	86 000
Total Long-Term Debt	20 000	23 000	21 000	20 000
Total Current Debt	392 000	405 000	287 000	89 000
Total Equity and Debt	744 000	615 000	464 000	196 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 935 000	1 250 000	796 000	400 000
Other Income	0	0	0	0
Revenue	1 935 000	1 250 000	796 000	400 000
Cost of Goods Sold	481 000	580 000	307 000	192 000
Salary Costs	874 000	344 000	185 000	46 000
Depreciation	9 000	9 000	8 000	2 000
Impairment	0	0	0	0
Expenditure	1 754 000	1 211 000	704 000	329 000
Operating Profit	181 000	38 000	91 000	71 000
Financial Income	2 000	1 000	0	0
Financial Costs	0	0	0	0
Financial Balance	2 000	1 000	0	0
Dividends	0	0	0	0
Net Income	145 000	30 000	71 000	56 000

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	0	0	0	0
Fixtures	19 000	28 000	37 000	20 000
Total Tangible Assets	19 000	28 000	37 000	20 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	19 000	28 000	37 000	20 000
Stock	72 000	63 000	99 000	35 000
Total Investments	0	0	0	0
Cash, Bank	326 000	244 000	86 000	128 000
Total Current Assets	725 000	587 000	427 000	176 000
Total Assets	744 000	615 000	464 000	196 000
Total Equity	332 000	187 000	157 000	86 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	20 000	23 000	21 000	20 000
Creditors	129 000	142 000	93 000	39 000
Unpaid Taxes	142 000	82 000	48 000	24 000
Dividends	0	0	0	0
Other Current Debt	80 000	175 000	126 000	11 000
Total Current Debt	392 000	405 000	287 000	89 000
Total Equity and Debt	744 000	615 000	464 000	196 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,67 %	16,04 %	45,22 %	65,12 %
Debt-to-Equity Ratio	0,06	0,12	0,13	0,23
Operating Profit Margin	9,35 %	3,04 %	11,43 %	17,75 %
Current Ratio	1,85	1,45	1,49	1,98
Quick Ratio	2,27	1,72	2,27	3,26
Equity Ratio	0,45	0,3	0,34	0,44
Gross Profit Margin	75,14 %	53,6 %	61,43 %	52 %