MEMO AS

3112 TØNSBERG

Finances

Share Ownership

Return on Equity

15,77 %

Current Ratio

2,34

Debt-to-Equity Ratio

0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	96 757 000	110 370 000	98 387 000	77 042 000
Net Income	3 723 000	7 873 000	4 678 000	3 598 000
Total Assets	62 263 000	52 114 000	45 004 000	41 407 000
Total Equity	23 605 000	21 882 000	17 008 000	14 730 000

Income (NOK)	2022	2021	2020	2019
Revenue	96 757 000	110 370 000	98 387 000	77 042 000
Expenditure	91 415 000	100 143 000	92 162 000	72 269 000
Operating Profit	5 342 000	10 227 000	6 225 000	4 774 000
Financial Income	58 000	63 000	45 000	30 000
Financial Costs	600 000	191 000	263 000	170 000
Financial Balance	−542 000	−128 000	−218 000	−140 000
Earnings Before Tax	4 800 000	10 099 000	6 008 000	4 633 000
Tax	1 077 000	2 225 000	1 329 000	1 035 000
Net Income	3 723 000	7 873 000	4 678 000	3 598 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 285 000	1 784 000	1 624 000	1 662 000
Total Current Assets	59 978 000	50 330 000	43 380 000	39 745 000
Total Assets	62 263 000	52 114 000	45 004 000	41 407 000
Total Retained Equity	21 926 000	20 203 000	15 329 000	13 051 000
Total Equity	23 605 000	21 882 000	17 008 000	14 730 000
Total Long-Term Debt	13 069 000	5 215 000	5 819 000	9 992 000
Total Current Debt	25 589 000	25 017 000	22 177 000	16 684 000
Total Equity and Debt	62 263 000	52 114 000	45 004 000	41 407 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	96 399 000	110 046 000	95 893 000	73 939 000
Other Income	358 000	324 000	2 494 000	3 103 000
Revenue	96 757 000	110 370 000	98 387 000	77 042 000
Cost of Goods Sold	78 661 000	88 562 000	82 293 000	63 545 000
Salary Costs	6 288 000	6 047 000	5 404 000	4 663 000
Depreciation	530 000	399 000	364 000	340 000
Impairment	0	0	0	0
Expenditure	91 415 000	100 143 000	92 162 000	72 269 000
Operating Profit	5 342 000	10 227 000	6 225 000	4 774 000
Financial Income	58 000	63 000	45 000	30 000
Financial Costs	600 000	191 000	263 000	170 000
Financial Balance	−542 000	−128 000	−218 000	−140 000
Dividends	2 000 000	3 000 000	2 400 000	2 000 000
Net Income	3 723 000	7 873 000	4 678 000	3 598 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	4 000	16 000
Machinery and Plant Facilities	765 000	914 000	671 000	722 000
Fixtures	1 520 000	870 000	950 000	887 000
Total Tangible Assets	2 285 000	1 784 000	1 624 000	1 624 000
Total Fiancial Fixed Assets	0	0	0	37 000
Total Fixed Assets	2 285 000	1 784 000	1 624 000	1 662 000
Stock	46 865 000	31 929 000	28 609 000	30 980 000
Total Investments	0	0	0	0
Cash, Bank	9 219 000	12 433 000	9 897 000	6 154 000
Total Current Assets	59 978 000	50 330 000	43 380 000	39 745 000
Total Assets	62 263 000	52 114 000	45 004 000	41 407 000
Total Equity	23 605 000	21 882 000	17 008 000	14 730 000
Short-Term Group Debt	0	27 000	820 000	0
Total Long-Term Debt	13 069 000	5 215 000	5 819 000	9 992 000
Creditors	21 428 000	16 641 000	15 519 000	12 441 000
Unpaid Taxes	485 000	452 000	434 000	397 000
Dividends	2 000 000	3 000 000	2 400 000	2 000 000
Other Current Debt	604 000	2 667 000	1 664 000	817 000
Total Current Debt	25 589 000	25 017 000	22 177 000	16 684 000
Total Equity and Debt	62 263 000	52 114 000	45 004 000	41 407 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,77 %	35,98 %	27,5 %	24,43 %
Debt-to-Equity Ratio	0,55	0,24	0,34	0,68
Operating Profit Margin	5,52 %	9,27 %	6,33 %	6,2 %
Current Ratio	2,34	2,01	1,96	2,38
Quick Ratio	−2,82	−7,28	−6,74	−2,78
Equity Ratio	0,38	0,42	0,38	0,36
Gross Profit Margin	18,7 %	19,76 %	16,36 %	17,52 %