OFOTEN MEK AS

8514 NARVIK

Finances

Share Ownership

Return on Equity

225,33 %

Current Ratio

1,08

Debt-to-Equity Ratio

0,88

Key figures (NOK)	2022	2021	2020
Revenue	76 401 000	43 958 000	38 443 000
Net Income	5 009 000	999 000	2 693 000
Total Assets	42 256 000	23 195 000	15 491 000
Total Equity	2 223 000	3 214 000	2 715 000

Income (NOK)	2022	2021	2020
Revenue	76 401 000	43 958 000	38 443 000
Expenditure	69 801 000	42 111 000	34 892 000
Operating Profit	6 463 000	1 565 000	3 649 000
Financial Income	4 000	0	15 000
Financial Costs	41 000	285 000	212 000
Financial Balance	−37 000	−285 000	−197 000
Earnings Before Tax	6 426 000	1 281 000	3 452 000
Tax	1 417 000	282 000	760 000
Net Income	5 009 000	999 000	2 693 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 298 000	1 416 000	1 746 000
Total Current Assets	40 958 000	21 780 000	13 745 000
Total Assets	42 256 000	23 195 000	15 491 000
Total Retained Equity	2 193 000	3 184 000	2 685 000
Total Equity	2 223 000	3 214 000	2 715 000
Total Long-Term Debt	1 967 000	548 000	5 191 000
Total Current Debt	38 066 000	19 433 000	7 585 000
Total Equity and Debt	42 256 000	23 195 000	15 491 000

Cash flow (NOK)	2022	2021	2020
Sales Income	76 401 000	43 937 000	38 443 000
Other Income	0	21 000	0
Revenue	76 401 000	43 958 000	38 443 000
Cost of Goods Sold	34 802 000	20 418 000	13 895 000
Salary Costs	21 784 000	14 670 000	15 084 000
Depreciation	379 000	447 000	424 000
Impairment	0	0	0
Expenditure	69 801 000	42 111 000	34 892 000
Operating Profit	6 463 000	1 565 000	3 649 000
Financial Income	4 000	0	15 000
Financial Costs	41 000	285 000	212 000
Financial Balance	−37 000	−285 000	−197 000
Dividends	0	500 000	0
Net Income	5 009 000	999 000	2 693 000

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	171 000	201 000	328 000
Fixtures	824 000	1 037 000	1 356 000
Total Tangible Assets	994 000	1 237 000	1 684 000
Total Fiancial Fixed Assets	304 000	179 000	61 000
Total Fixed Assets	1 298 000	1 416 000	1 746 000
Stock	0	138 000	418 000
Total Investments	0	0	0
Cash, Bank	21 675 000	9 893 000	8 509 000
Total Current Assets	40 958 000	21 780 000	13 745 000
Total Assets	42 256 000	23 195 000	15 491 000
Total Equity	2 223 000	3 214 000	2 715 000
Short-Term Group Debt	969 000	1 655 000	1 910 000
Total Long-Term Debt	1 967 000	548 000	5 191 000
Creditors	12 644 000	9 249 000	1 382 000
Unpaid Taxes	3 001 000	2 507 000	2 141 000
Dividends	0	500 000	0
Other Current Debt	21 452 000	5 523 000	1 435 000
Total Current Debt	38 066 000	19 433 000	7 585 000
Total Equity and Debt	42 256 000	23 195 000	15 491 000

Financial indicators	2022	2021	2020
Return on Equity	225,33 %	31,08 %	99,19 %
Debt-to-Equity Ratio	0,88	0,17	1,91
Operating Profit Margin	8,46 %	3,56 %	9,49 %
Current Ratio	1,08	1,12	1,81
Quick Ratio	1,08	1,13	1,92
Equity Ratio	0,05	0,14	0,18
Gross Profit Margin	54,45 %	53,55 %	63,86 %