MENTECH NORWAY AS

0667 OSLO

Finances

Share Ownership

Return on Equity

109,64 %

Current Ratio

2,14

Debt-to-Equity Ratio

8,73

Key figures (NOK)	2022	2021	2020
Revenue	29 626 000	12 220 000	0
Net Income	614 000	337 000	−409 000
Total Assets	9 969 000	5 428 000	611 000
Total Equity	560 000	−54 000	−391 000

Income (NOK)	2022	2021	2020
Revenue	29 626 000	12 220 000	0
Expenditure	28 866 000	12 847 000	409 000
Operating Profit	1 054 000	361 000	−409 000
Financial Income	52 000	−6 000	0
Financial Costs	341 000	18 000	0
Financial Balance	−289 000	−24 000	0
Earnings Before Tax	765 000	337 000	−409 000
Tax	151 000	0	0
Net Income	614 000	337 000	−409 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	297 000	238 000	194 000
Total Current Assets	9 672 000	5 190 000	417 000
Total Assets	9 969 000	5 428 000	611 000
Total Retained Equity	542 000	−72 000	−409 000
Total Equity	560 000	−54 000	−391 000
Total Long-Term Debt	4 890 000	0	0
Total Current Debt	4 520 000	5 482 000	1 002 000
Total Equity and Debt	9 969 000	5 428 000	611 000

Cash flow (NOK)	2022	2021	2020
Sales Income	29 625 000	12 220 000	0
Other Income	1 000	0	0
Revenue	29 626 000	12 220 000	0
Cost of Goods Sold	20 061 000	8 593 000	47 000
Salary Costs	6 820 000	2 891 000	70 000
Depreciation	21 000	10 000	1 000
Impairment	0	0	0
Expenditure	28 866 000	12 847 000	409 000
Operating Profit	1 054 000	361 000	−409 000
Financial Income	52 000	−6 000	0
Financial Costs	341 000	18 000	0
Financial Balance	−289 000	−24 000	0
Dividends	0	0	0
Net Income	614 000	337 000	−409 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	78 000	18 000	28 000
Total Tangible Assets	78 000	18 000	28 000
Total Fiancial Fixed Assets	220 000	220 000	166 000
Total Fixed Assets	297 000	238 000	194 000
Stock	1 279 000	987 000	0
Total Investments	0	0	0
Cash, Bank	1 399 000	495 000	417 000
Total Current Assets	9 672 000	5 190 000	417 000
Total Assets	9 969 000	5 428 000	611 000
Total Equity	560 000	−54 000	−391 000
Short-Term Group Debt	0	2 118 000	974 000
Total Long-Term Debt	4 890 000	0	0
Creditors	2 061 000	1 503 000	16 000
Unpaid Taxes	1 754 000	1 589 000	9 000
Dividends	0	0	0
Other Current Debt	558 000	272 000	3 000
Total Current Debt	4 520 000	5 482 000	1 002 000
Total Equity and Debt	9 969 000	5 428 000	611 000

Financial indicators	2022	2021	2020
Return on Equity	109,64 %	−624,07 %	104,6 %
Debt-to-Equity Ratio	8,73	−0	−0
Operating Profit Margin	3,56 %	2,95 %	-
Current Ratio	2,14	0,95	0,42
Quick Ratio	2,98	1,15	0,42
Equity Ratio	0,06	−0,01	−0,64
Gross Profit Margin	32,29 %	29,68 %	-