MESTEC AS

1086 OSLO

Finances

Share Ownership

Return on Equity

36,19 %

Current Ratio

3,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 412 000	6 241 000	6 760 000	7 678 000
Net Income	1 703 000	650 000	782 000	847 000
Total Assets	6 800 000	4 448 000	4 071 000	3 898 000
Total Equity	4 706 000	3 504 000	3 103 000	2 572 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 412 000	6 241 000	6 760 000	7 678 000
Expenditure	8 230 000	5 402 000	5 762 000	6 596 000
Operating Profit	2 182 000	838 000	999 000	1 081 000
Financial Income	2 000	3 000	15 000	5 000
Financial Costs	2 000	8 000	12 000	1 000
Financial Balance	0	−5 000	3 000	4 000
Earnings Before Tax	2 183 000	834 000	1 002 000	1 085 000
Tax	480 000	183 000	220 000	239 000
Net Income	1 703 000	650 000	782 000	847 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	6 800 000	4 448 000	4 071 000	3 898 000
Total Assets	6 800 000	4 448 000	4 071 000	3 898 000
Total Retained Equity	4 606 000	3 404 000	3 003 000	2 472 000
Total Equity	4 706 000	3 504 000	3 103 000	2 572 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 094 000	944 000	967 000	1 327 000
Total Equity and Debt	6 800 000	4 448 000	4 071 000	3 898 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 412 000	6 241 000	6 745 000	7 678 000
Other Income	0	0	15 000	0
Revenue	10 412 000	6 241 000	6 760 000	7 678 000
Cost of Goods Sold	6 409 000	3 951 000	4 422 000	5 221 000
Salary Costs	1 499 000	1 171 000	1 076 000	1 090 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	8 230 000	5 402 000	5 762 000	6 596 000
Operating Profit	2 182 000	838 000	999 000	1 081 000
Financial Income	2 000	3 000	15 000	5 000
Financial Costs	2 000	8 000	12 000	1 000
Financial Balance	0	−5 000	3 000	4 000
Dividends	500 000	250 000	250 000	500 000
Net Income	1 703 000	650 000	782 000	847 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	518 000	419 000	908 000	1 485 000
Total Investments	0	0	0	0
Cash, Bank	4 202 000	3 274 000	3 038 000	1 221 000
Total Current Assets	6 800 000	4 448 000	4 071 000	3 898 000
Total Assets	6 800 000	4 448 000	4 071 000	3 898 000
Total Equity	4 706 000	3 504 000	3 103 000	2 572 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	27 000	25 000	46 000	207 000
Unpaid Taxes	934 000	394 000	349 000	167 000
Dividends	500 000	250 000	250 000	500 000
Other Current Debt	154 000	93 000	102 000	214 000
Total Current Debt	2 094 000	944 000	967 000	1 327 000
Total Equity and Debt	6 800 000	4 448 000	4 071 000	3 898 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,19 %	18,55 %	25,2 %	32,93 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	20,96 %	13,43 %	14,78 %	14,08 %
Current Ratio	3,25	4,71	4,21	2,94
Quick Ratio	4,31	8,47	69	−24,67
Equity Ratio	0,69	0,79	0,76	0,66
Gross Profit Margin	38,45 %	36,69 %	34,59 %	32 %