INGENIØRFIRMAET MITECH AS

4017 STAVANGER

Finances

Return on Equity

6,69 %

Current Ratio

0,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	361 000	531 000	307 000	2 659 000
Net Income	38 000	38 000	57 000	162 000
Total Assets	2 918 000	3 062 000	3 477 000	4 852 000
Total Equity	568 000	530 000	2 492 000	2 935 000

Income (NOK)	2022	2021	2020	2019
Revenue	361 000	531 000	307 000	2 659 000
Expenditure	300 000	480 000	577 000	2 656 000
Operating Profit	61 000	51 000	−269 000	3 000
Financial Income	5 000	5 000	357 000	224 000
Financial Costs	15 000	7 000	14 000	19 000
Financial Balance	−10 000	−2 000	343 000	205 000
Earnings Before Tax	51 000	49 000	73 000	208 000
Tax	13 000	11 000	16 000	46 000
Net Income	38 000	38 000	57 000	162 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 580 000	2 638 000	2 913 000	3 015 000
Total Current Assets	338 000	424 000	564 000	1 837 000
Total Assets	2 918 000	3 062 000	3 477 000	4 852 000
Total Retained Equity	448 000	410 000	2 372 000	2 815 000
Total Equity	568 000	530 000	2 492 000	2 935 000
Total Long-Term Debt	0	0	0	27 000
Total Current Debt	2 350 000	2 532 000	985 000	1 890 000
Total Equity and Debt	2 918 000	3 062 000	3 477 000	4 852 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	220 000	531 000	307 000	2 659 000
Other Income	141 000	0	0	0
Revenue	361 000	531 000	307 000	2 659 000
Cost of Goods Sold	0	0	0	655 000
Salary Costs	0	0	0	1 490 000
Depreciation	176 000	290 000	290 000	305 000
Impairment	0	0	0	0
Expenditure	300 000	480 000	577 000	2 656 000
Operating Profit	61 000	51 000	−269 000	3 000
Financial Income	5 000	5 000	357 000	224 000
Financial Costs	15 000	7 000	14 000	19 000
Financial Balance	−10 000	−2 000	343 000	205 000
Dividends	0	0	0	0
Net Income	38 000	38 000	57 000	162 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	43 000	46 000	7 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 000	198 000	488 000	778 000
Total Tangible Assets	4 000	198 000	488 000	778 000
Total Fiancial Fixed Assets	2 534 000	2 393 000	2 417 000	2 237 000
Total Fixed Assets	2 580 000	2 638 000	2 913 000	3 015 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	250 000	14 000	1 000
Total Current Assets	338 000	424 000	564 000	1 837 000
Total Assets	2 918 000	3 062 000	3 477 000	4 852 000
Total Equity	568 000	530 000	2 492 000	2 935 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	27 000
Creditors	52 000	60 000	52 000	60 000
Unpaid Taxes	1 000	32 000	21 000	549 000
Dividends	0	0	0	0
Other Current Debt	1 994 000	2 391 000	912 000	833 000
Total Current Debt	2 350 000	2 532 000	985 000	1 890 000
Total Equity and Debt	2 918 000	3 062 000	3 477 000	4 852 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,69 %	7,17 %	2,29 %	5,52 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	16,9 %	9,6 %	−87,62 %	0,11 %
Current Ratio	0,14	0,17	0,57	0,97
Quick Ratio	0,14	0,17	0,57	0,97
Equity Ratio	0,19	0,17	0,72	0,6
Gross Profit Margin	100 %	100 %	100 %	75,37 %