MINEL LAND ELEKTRISKE AS

2870 DOKKA

Finances

Return on Equity

34,99 %

Current Ratio

1,31

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	59 949 000	60 362 000	70 529 000	105 811 000
Net Income	3 357 000	4 725 000	7 883 000	15 072 000
Total Assets	31 692 000	34 380 000	34 146 000	52 116 000
Total Equity	9 595 000	8 595 000	8 536 000	11 626 000

Income (NOK)	2022	2021	2020	2019
Revenue	59 949 000	60 362 000	70 529 000	105 811 000
Expenditure	55 575 000	54 130 000	60 469 000	86 538 000
Operating Profit	4 374 000	6 231 000	10 059 000	19 273 000
Financial Income	37 000	44 000	90 000	66 000
Financial Costs	105 000	218 000	35 000	16 000
Financial Balance	−68 000	−174 000	55 000	50 000
Earnings Before Tax	4 305 000	6 057 000	10 114 000	19 323 000
Tax	948 000	1 333 000	2 231 000	4 251 000
Net Income	3 357 000	4 725 000	7 883 000	15 072 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 163 000	4 530 000	4 974 000	6 155 000
Total Current Assets	28 528 000	29 850 000	29 171 000	45 961 000
Total Assets	31 692 000	34 380 000	34 146 000	52 116 000
Total Retained Equity	8 620 000	7 620 000	7 561 000	10 651 000
Total Equity	9 595 000	8 595 000	8 536 000	11 626 000
Total Long-Term Debt	400 000	525 000	0	0
Total Current Debt	21 696 000	25 260 000	25 609 000	40 490 000
Total Equity and Debt	31 692 000	34 380 000	34 146 000	52 116 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	59 510 000	60 362 000	70 529 000	105 804 000
Other Income	440 000	0	0	7 000
Revenue	59 949 000	60 362 000	70 529 000	105 811 000
Cost of Goods Sold	27 990 000	27 713 000	31 687 000	59 958 000
Salary Costs	20 124 000	20 189 000	21 705 000	19 431 000
Depreciation	1 404 000	1 678 000	1 663 000	1 625 000
Impairment	0	0	0	0
Expenditure	55 575 000	54 130 000	60 469 000	86 538 000
Operating Profit	4 374 000	6 231 000	10 059 000	19 273 000
Financial Income	37 000	44 000	90 000	66 000
Financial Costs	105 000	218 000	35 000	16 000
Financial Balance	−68 000	−174 000	55 000	50 000
Dividends	2 357 000	4 666 000	10 972 000	15 000 000
Net Income	3 357 000	4 725 000	7 883 000	15 072 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	64 000	466 000
Real Eastate	762 000	795 000	845 000	899 000
Machinery and Plant Facilities	2 279 000	3 487 000	3 514 000	3 905 000
Fixtures	72 000	186 000	489 000	818 000
Total Tangible Assets	3 113 000	4 468 000	4 848 000	5 622 000
Total Fiancial Fixed Assets	50 000	63 000	63 000	67 000
Total Fixed Assets	3 163 000	4 530 000	4 974 000	6 155 000
Stock	1 470 000	788 000	1 468 000	1 707 000
Total Investments	0	0	0	0
Cash, Bank	2 118 000	3 689 000	3 260 000	2 332 000
Total Current Assets	28 528 000	29 850 000	29 171 000	45 961 000
Total Assets	31 692 000	34 380 000	34 146 000	52 116 000
Total Equity	9 595 000	8 595 000	8 536 000	11 626 000
Short-Term Group Debt	4 882 000	5 702 000	0	0
Total Long-Term Debt	400 000	525 000	0	0
Creditors	4 220 000	4 404 000	2 256 000	6 679 000
Unpaid Taxes	5 316 000	5 011 000	5 859 000	8 649 000
Dividends	2 357 000	4 666 000	10 972 000	15 000 000
Other Current Debt	3 848 000	4 733 000	4 694 000	5 539 000
Total Current Debt	21 696 000	25 260 000	25 609 000	40 490 000
Total Equity and Debt	31 692 000	34 380 000	34 146 000	52 116 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,99 %	54,97 %	92,35 %	129,64 %
Debt-to-Equity Ratio	0,04	0,06	0	0
Operating Profit Margin	7,3 %	10,32 %	14,26 %	18,21 %
Current Ratio	1,31	1,18	1,14	1,14
Quick Ratio	1,41	1,22	1,21	1,19
Equity Ratio	0,3	0,25	0,25	0,22
Gross Profit Margin	53,31 %	54,09 %	55,07 %	43,33 %