M-TETT AS

3036 DRAMMEN

Finances

Share Ownership

Return on Equity

79,47 %

Current Ratio

1,45

Debt-to-Equity Ratio

0,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 149 000	30 656 000	22 905 000	9 706 000
Net Income	6 680 000	5 790 000	3 585 000	1 266 000
Total Assets	25 950 000	18 951 000	12 353 000	4 745 000
Total Equity	8 406 000	8 543 000	2 753 000	1 167 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 149 000	30 656 000	22 905 000	9 706 000
Expenditure	26 674 000	23 154 000	18 261 000	8 072 000
Operating Profit	8 475 000	7 503 000	4 644 000	1 634 000
Financial Income	191 000	2 000	1 000	1 000
Financial Costs	101 000	82 000	47 000	17 000
Financial Balance	90 000	−80 000	−46 000	−16 000
Earnings Before Tax	8 565 000	7 423 000	4 597 000	1 617 000
Tax	1 885 000	1 633 000	1 012 000	351 000
Net Income	6 680 000	5 790 000	3 585 000	1 266 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 488 000	4 427 000	2 929 000	1 079 000
Total Current Assets	22 462 000	14 524 000	9 424 000	3 666 000
Total Assets	25 950 000	18 951 000	12 353 000	4 745 000
Total Retained Equity	8 106 000	8 243 000	2 453 000	867 000
Total Equity	8 406 000	8 543 000	2 753 000	1 167 000
Total Long-Term Debt	2 061 000	3 278 000	2 180 000	742 000
Total Current Debt	15 483 000	7 130 000	7 421 000	2 835 000
Total Equity and Debt	25 950 000	18 951 000	12 353 000	4 745 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 149 000	30 656 000	22 905 000	9 706 000
Other Income	0	0	0	0
Revenue	35 149 000	30 656 000	22 905 000	9 706 000
Cost of Goods Sold	3 817 000	3 318 000	3 340 000	1 354 000
Salary Costs	17 280 000	14 862 000	10 821 000	4 454 000
Depreciation	1 242 000	1 056 000	457 000	100 000
Impairment	0	0	0	0
Expenditure	26 674 000	23 154 000	18 261 000	8 072 000
Operating Profit	8 475 000	7 503 000	4 644 000	1 634 000
Financial Income	191 000	2 000	1 000	1 000
Financial Costs	101 000	82 000	47 000	17 000
Financial Balance	90 000	−80 000	−46 000	−16 000
Dividends	0	0	2 000 000	400 000
Net Income	6 680 000	5 790 000	3 585 000	1 266 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	32 000	0	10 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 456 000	4 427 000	2 919 000	1 077 000
Total Tangible Assets	3 456 000	4 427 000	2 919 000	1 077 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 488 000	4 427 000	2 929 000	1 079 000
Stock	302 000	73 000	0	0
Total Investments	0	0	0	0
Cash, Bank	945 000	11 019 000	6 664 000	2 000 000
Total Current Assets	22 462 000	14 524 000	9 424 000	3 666 000
Total Assets	25 950 000	18 951 000	12 353 000	4 745 000
Total Equity	8 406 000	8 543 000	2 753 000	1 167 000
Short-Term Group Debt	8 868 000	0	0	0
Total Long-Term Debt	2 061 000	3 278 000	2 180 000	742 000
Creditors	1 029 000	943 000	796 000	514 000
Unpaid Taxes	2 463 000	1 827 000	1 555 000	716 000
Dividends	0	0	2 000 000	400 000
Other Current Debt	3 123 000	2 743 000	2 049 000	852 000
Total Current Debt	15 483 000	7 130 000	7 421 000	2 835 000
Total Equity and Debt	25 950 000	18 951 000	12 353 000	4 745 000

Financial indicators	2022	2021	2020	2019
Return on Equity	79,47 %	67,77 %	130,22 %	108,48 %
Debt-to-Equity Ratio	0,25	0,38	0,79	0,64
Operating Profit Margin	24,11 %	24,47 %	20,28 %	16,83 %
Current Ratio	1,45	2,04	1,27	1,29
Quick Ratio	1,48	2,06	1,27	1,29
Equity Ratio	0,32	0,45	0,22	0,25
Gross Profit Margin	89,14 %	89,18 %	85,42 %	86,05 %