MT ENGINEERING AS

4640 SØGNE

Finances

Share Ownership

Return on Equity

89,78 %

Current Ratio

1,48

Debt-to-Equity Ratio

0,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 114 000	23 479 000	18 253 000	17 020 000
Net Income	2 450 000	1 367 000	410 000	−30 000
Total Assets	10 235 000	8 333 000	6 923 000	6 482 000
Total Equity	2 729 000	1 779 000	2 012 000	1 602 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 114 000	23 479 000	18 253 000	17 020 000
Expenditure	23 876 000	21 656 000	17 644 000	16 962 000
Operating Profit	3 240 000	1 823 000	610 000	59 000
Financial Income	0	3 000	0	13 000
Financial Costs	99 000	73 000	85 000	107 000
Financial Balance	−99 000	−70 000	−85 000	−94 000
Earnings Before Tax	3 141 000	1 753 000	525 000	−36 000
Tax	691 000	386 000	116 000	−6 000
Net Income	2 450 000	1 367 000	410 000	−30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	572 000	446 000	535 000	810 000
Total Current Assets	9 663 000	7 887 000	6 388 000	5 671 000
Total Assets	10 235 000	8 333 000	6 923 000	6 482 000
Total Retained Equity	2 629 000	1 679 000	1 912 000	1 502 000
Total Equity	2 729 000	1 779 000	2 012 000	1 602 000
Total Long-Term Debt	977 000	832 000	991 000	1 089 000
Total Current Debt	6 529 000	5 722 000	3 920 000	3 790 000
Total Equity and Debt	10 235 000	8 333 000	6 923 000	6 482 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 036 000	23 400 000	18 182 000	16 940 000
Other Income	78 000	78 000	71 000	79 000
Revenue	27 114 000	23 479 000	18 253 000	17 020 000
Cost of Goods Sold	12 341 000	10 771 000	8 101 000	7 525 000
Salary Costs	7 755 000	7 389 000	6 656 000	6 562 000
Depreciation	148 000	113 000	112 000	112 000
Impairment	0	0	0	0
Expenditure	23 876 000	21 656 000	17 644 000	16 962 000
Operating Profit	3 240 000	1 823 000	610 000	59 000
Financial Income	0	3 000	0	13 000
Financial Costs	99 000	73 000	85 000	107 000
Financial Balance	−99 000	−70 000	−85 000	−94 000
Dividends	1 500 000	600 000	0	0
Net Income	2 450 000	1 367 000	410 000	−30 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	21 000	136 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	109 000	136 000	111 000	129 000
Fixtures	463 000	310 000	403 000	496 000
Total Tangible Assets	572 000	446 000	514 000	626 000
Total Fiancial Fixed Assets	0	0	0	48 000
Total Fixed Assets	572 000	446 000	535 000	810 000
Stock	1 947 000	1 760 000	1 289 000	1 426 000
Total Investments	0	0	0	0
Cash, Bank	1 099 000	730 000	870 000	880 000
Total Current Assets	9 663 000	7 887 000	6 388 000	5 671 000
Total Assets	10 235 000	8 333 000	6 923 000	6 482 000
Total Equity	2 729 000	1 779 000	2 012 000	1 602 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	977 000	832 000	991 000	1 089 000
Creditors	1 785 000	2 627 000	999 000	1 733 000
Unpaid Taxes	1 059 000	865 000	993 000	795 000
Dividends	1 500 000	600 000	0	0
Other Current Debt	2 998 000	1 894 000	1 927 000	1 261 000
Total Current Debt	6 529 000	5 722 000	3 920 000	3 790 000
Total Equity and Debt	10 235 000	8 333 000	6 923 000	6 482 000

Financial indicators	2022	2021	2020	2019
Return on Equity	89,78 %	76,84 %	20,38 %	−1,87 %
Debt-to-Equity Ratio	0,36	0,47	0,49	0,68
Operating Profit Margin	11,95 %	7,76 %	3,34 %	0,35 %
Current Ratio	1,48	1,38	1,63	1,5
Quick Ratio	2,11	1,99	2,43	2,4
Equity Ratio	0,27	0,21	0,29	0,25
Gross Profit Margin	54,48 %	54,12 %	55,62 %	55,79 %