PROMECH ENGINEERING AS

1361 ØSTERÅS

Finances

Share Ownership

Return on Equity

−4,68 %

Current Ratio

2,57

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 457 000	7 514 000	7 493 000	8 703 000
Net Income	−127 000	120 000	750 000	1 194 000
Total Assets	4 404 000	5 026 000	5 619 000	6 317 000
Total Equity	2 716 000	2 843 000	2 723 000	2 723 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 457 000	7 514 000	7 493 000	8 703 000
Expenditure	5 623 000	7 380 000	6 544 000	7 271 000
Operating Profit	−167 000	134 000	949 000	1 432 000
Financial Income	7 000	19 000	15 000	29 000
Financial Costs	2 000	3 000	2 000	4 000
Financial Balance	5 000	16 000	13 000	25 000
Earnings Before Tax	−162 000	149 000	962 000	1 457 000
Tax	−36 000	29 000	212 000	263 000
Net Income	−127 000	120 000	750 000	1 194 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	70 000	32 000	1 072 000	121 000
Total Current Assets	4 333 000	4 994 000	4 546 000	6 196 000
Total Assets	4 404 000	5 026 000	5 619 000	6 317 000
Total Retained Equity	2 056 000	2 183 000	2 063 000	2 063 000
Total Equity	2 716 000	2 843 000	2 723 000	2 723 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 688 000	2 183 000	2 896 000	3 594 000
Total Equity and Debt	4 404 000	5 026 000	5 619 000	6 317 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 457 000	7 514 000	7 479 000	8 702 000
Other Income	0	0	14 000	1 000
Revenue	5 457 000	7 514 000	7 493 000	8 703 000
Cost of Goods Sold	26 000	46 000	13 000	204 000
Salary Costs	5 036 000	6 595 000	5 786 000	5 844 000
Depreciation	16 000	46 000	54 000	56 000
Impairment	0	0	0	0
Expenditure	5 623 000	7 380 000	6 544 000	7 271 000
Operating Profit	−167 000	134 000	949 000	1 432 000
Financial Income	7 000	19 000	15 000	29 000
Financial Costs	2 000	3 000	2 000	4 000
Financial Balance	5 000	16 000	13 000	25 000
Dividends	0	0	750 000	1 100 000
Net Income	−127 000	120 000	750 000	1 194 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	53 000	17 000	12 000	7 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	18 000	15 000	60 000	114 000
Total Tangible Assets	18 000	15 000	60 000	114 000
Total Fiancial Fixed Assets	0	0	1 000 000	0
Total Fixed Assets	70 000	32 000	1 072 000	121 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 837 000	3 717 000	3 149 000	4 550 000
Total Current Assets	4 333 000	4 994 000	4 546 000	6 196 000
Total Assets	4 404 000	5 026 000	5 619 000	6 317 000
Total Equity	2 716 000	2 843 000	2 723 000	2 723 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	85 000	19 000	129 000	182 000
Unpaid Taxes	1 057 000	1 264 000	909 000	846 000
Dividends	0	0	750 000	1 100 000
Other Current Debt	547 000	866 000	891 000	1 192 000
Total Current Debt	1 688 000	2 183 000	2 896 000	3 594 000
Total Equity and Debt	4 404 000	5 026 000	5 619 000	6 317 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,68 %	4,22 %	27,54 %	43,85 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−3,06 %	1,78 %	12,67 %	16,45 %
Current Ratio	2,57	2,29	1,57	1,72
Quick Ratio	2,57	2,29	1,57	1,72
Equity Ratio	0,62	0,57	0,48	0,43
Gross Profit Margin	99,52 %	99,39 %	99,83 %	97,66 %