MEDICAL EQUIPMENT NORWAY AS

1086 OSLO

Finances

Share Ownership

Return on Equity

16,15 %

Current Ratio

1,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 904 000	12 264 000	9 966 000	6 782 000
Net Income	422 000	288 000	187 000	−258 000
Total Assets	5 974 000	7 679 000	4 255 000	2 194 000
Total Equity	2 613 000	2 191 000	1 903 000	1 717 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 904 000	12 264 000	9 966 000	6 782 000
Expenditure	11 054 000	12 035 000	9 070 000	7 086 000
Operating Profit	849 000	229 000	896 000	−304 000
Financial Income	198 000	90 000	38 000	262 000
Financial Costs	506 000	−24 000	747 000	238 000
Financial Balance	−308 000	114 000	−709 000	24 000
Earnings Before Tax	541 000	342 000	187 000	−280 000
Tax	119 000	55 000	0	−22 000
Net Income	422 000	288 000	187 000	−258 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 000	21 000	21 000	21 000
Total Current Assets	5 953 000	7 658 000	4 234 000	2 172 000
Total Assets	5 974 000	7 679 000	4 255 000	2 194 000
Total Retained Equity	2 113 000	1 691 000	1 403 000	1 217 000
Total Equity	2 613 000	2 191 000	1 903 000	1 717 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 361 000	5 488 000	2 352 000	477 000
Total Equity and Debt	5 974 000	7 679 000	4 255 000	2 194 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 904 000	12 264 000	9 966 000	6 782 000
Other Income	0	0	0	0
Revenue	11 904 000	12 264 000	9 966 000	6 782 000
Cost of Goods Sold	10 741 000	11 688 000	8 765 000	6 714 000
Salary Costs	0	0	−28 000	26 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	11 054 000	12 035 000	9 070 000	7 086 000
Operating Profit	849 000	229 000	896 000	−304 000
Financial Income	198 000	90 000	38 000	262 000
Financial Costs	506 000	−24 000	747 000	238 000
Financial Balance	−308 000	114 000	−709 000	24 000
Dividends	0	0	0	0
Net Income	422 000	288 000	187 000	−258 000

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	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	21 000	21 000	21 000	21 000
Total Fixed Assets	21 000	21 000	21 000	21 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 567 000	4 811 000	2 052 000	1 141 000
Total Current Assets	5 953 000	7 658 000	4 234 000	2 172 000
Total Assets	5 974 000	7 679 000	4 255 000	2 194 000
Total Equity	2 613 000	2 191 000	1 903 000	1 717 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 728 000	4 666 000	1 551 000	76 000
Unpaid Taxes	474 000	727 000	761 000	361 000
Dividends	0	0	0	0
Other Current Debt	40 000	40 000	40 000	40 000
Total Current Debt	3 361 000	5 488 000	2 352 000	477 000
Total Equity and Debt	5 974 000	7 679 000	4 255 000	2 194 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,15 %	13,14 %	9,83 %	−15,03 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,13 %	1,87 %	8,99 %	−4,48 %
Current Ratio	1,77	1,4	1,8	4,55
Quick Ratio	1,77	1,4	1,8	4,55
Equity Ratio	0,44	0,29	0,45	0,78
Gross Profit Margin	9,77 %	4,7 %	12,05 %	1 %