MEM-TEK AS

3652 HOVIN I TELEMARK

Finances

Share Ownership

Return on Equity

50 %

Current Ratio

0,96

Debt-to-Equity Ratio

−0,54

Key figures (NOK)	2022	2021	2020	2019
Revenue	321 000	184 000	15 000	50 000
Net Income	−12 000	−17 000	−24 000	−30 000
Total Assets	263 000	151 000	74 000	108 000
Total Equity	−24 000	−12 000	5 000	29 000

Income (NOK)	2022	2021	2020	2019
Revenue	321 000	184 000	15 000	50 000
Expenditure	336 000	206 000	46 000	88 000
Operating Profit	−15 000	−22 000	−31 000	−39 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−15 000	−22 000	−31 000	−38 000
Tax	−3 000	−5 000	−7 000	−8 000
Net Income	−12 000	−17 000	−24 000	−30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	1 000	7 000	15 000
Total Current Assets	263 000	150 000	67 000	93 000
Total Assets	263 000	151 000	74 000	108 000
Total Retained Equity	−124 000	−112 000	−95 000	−71 000
Total Equity	−24 000	−12 000	5 000	29 000
Total Long-Term Debt	13 000	17 000	21 000	28 000
Total Current Debt	274 000	147 000	48 000	51 000
Total Equity and Debt	263 000	151 000	74 000	108 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	321 000	184 000	15 000	50 000
Other Income	0	0	0	0
Revenue	321 000	184 000	15 000	50 000
Cost of Goods Sold	132 000	79 000	3 000	14 000
Salary Costs	167 000	104 000	25 000	42 000
Depreciation	1 000	6 000	8 000	8 000
Impairment	0	0	0	0
Expenditure	336 000	206 000	46 000	88 000
Operating Profit	−15 000	−22 000	−31 000	−39 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−12 000	−17 000	−24 000	−30 000

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	1 000	7 000	15 000
Total Tangible Assets	0	1 000	7 000	15 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	1 000	7 000	15 000
Stock	8 000	21 000	15 000	14 000
Total Investments	0	0	0	0
Cash, Bank	255 000	129 000	47 000	79 000
Total Current Assets	263 000	150 000	67 000	93 000
Total Assets	263 000	151 000	74 000	108 000
Total Equity	−24 000	−12 000	5 000	29 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	13 000	17 000	21 000	28 000
Creditors	8 000	−1 000	−2 000	1 000
Unpaid Taxes	46 000	24 000	1 000	27 000
Dividends	0	0	0	0
Other Current Debt	221 000	124 000	48 000	23 000
Total Current Debt	274 000	147 000	48 000	51 000
Total Equity and Debt	263 000	151 000	74 000	108 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50 %	141,67 %	−480 %	−103,45 %
Debt-to-Equity Ratio	−0,54	−1,42	4,2	0,97
Operating Profit Margin	−4,67 %	−11,96 %	−206,67 %	−78 %
Current Ratio	0,96	1,02	1,4	1,82
Quick Ratio	0,99	1,19	2,03	2,51
Equity Ratio	−0,09	−0,08	0,07	0,27
Gross Profit Margin	58,88 %	57,07 %	80 %	72 %