MG ELEKTRO AS

4373 EGERSUND

Finances

Return on Equity

21,75 %

Current Ratio

1,41

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	53 060 000	51 332 000	46 997 000	53 740 000
Net Income	989 000	2 940 000	4 099 000	1 841 000
Total Assets	15 407 000	15 472 000	17 579 000	19 216 000
Total Equity	4 548 000	3 727 000	2 787 000	7 888 000

Income (NOK)	2022	2021	2020	2019
Revenue	53 060 000	51 332 000	46 997 000	53 740 000
Expenditure	51 795 000	47 563 000	45 463 000	51 795 000
Operating Profit	1 265 000	3 769 000	1 534 000	1 946 000
Financial Income	36 000	8 000	2 918 000	339 000
Financial Costs	26 000	2 000	0	1 000
Financial Balance	10 000	6 000	2 918 000	338 000
Earnings Before Tax	1 275 000	3 775 000	4 452 000	2 284 000
Tax	286 000	835 000	353 000	444 000
Net Income	989 000	2 940 000	4 099 000	1 841 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	224 000	272 000	348 000	1 085 000
Total Current Assets	15 182 000	15 200 000	17 231 000	18 130 000
Total Assets	15 407 000	15 472 000	17 579 000	19 216 000
Total Retained Equity	4 218 000	3 389 000	2 449 000	7 549 000
Total Equity	4 548 000	3 727 000	2 787 000	7 888 000
Total Long-Term Debt	100 000	100 000	100 000	100 000
Total Current Debt	10 758 000	11 645 000	14 692 000	11 228 000
Total Equity and Debt	15 407 000	15 472 000	17 579 000	19 216 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	53 060 000	51 332 000	46 916 000	53 467 000
Other Income	0	0	80 000	273 000
Revenue	53 060 000	51 332 000	46 997 000	53 740 000
Cost of Goods Sold	23 494 000	19 256 000	19 089 000	20 805 000
Salary Costs	22 610 000	22 960 000	21 367 000	24 894 000
Depreciation	70 000	95 000	123 000	200 000
Impairment	0	0	0	0
Expenditure	51 795 000	47 563 000	45 463 000	51 795 000
Operating Profit	1 265 000	3 769 000	1 534 000	1 946 000
Financial Income	36 000	8 000	2 918 000	339 000
Financial Costs	26 000	2 000	0	1 000
Financial Balance	10 000	6 000	2 918 000	338 000
Dividends	0	0	3 000 000	1 800 000
Net Income	989 000	2 940 000	4 099 000	1 841 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	73 000	51 000	32 000	44 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	89 000	159 000	254 000	328 000
Total Tangible Assets	89 000	159 000	254 000	328 000
Total Fiancial Fixed Assets	63 000	63 000	63 000	713 000
Total Fixed Assets	224 000	272 000	348 000	1 085 000
Stock	2 555 000	2 304 000	1 692 000	1 641 000
Total Investments	0	0	0	0
Cash, Bank	1 217 000	4 055 000	3 806 000	7 221 000
Total Current Assets	15 182 000	15 200 000	17 231 000	18 130 000
Total Assets	15 407 000	15 472 000	17 579 000	19 216 000
Total Equity	4 548 000	3 727 000	2 787 000	7 888 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	100 000	100 000	100 000	100 000
Creditors	3 649 000	3 196 000	4 423 000	3 133 000
Unpaid Taxes	3 278 000	3 436 000	3 383 000	3 503 000
Dividends	0	0	3 000 000	1 800 000
Other Current Debt	3 523 000	2 159 000	3 547 000	2 413 000
Total Current Debt	10 758 000	11 645 000	14 692 000	11 228 000
Total Equity and Debt	15 407 000	15 472 000	17 579 000	19 216 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,75 %	78,88 %	147,08 %	23,34 %
Debt-to-Equity Ratio	0,02	0,03	0,04	0,01
Operating Profit Margin	2,38 %	7,34 %	3,26 %	3,62 %
Current Ratio	1,41	1,31	1,17	1,61
Quick Ratio	1,85	1,63	1,33	1,89
Equity Ratio	0,3	0,24	0,16	0,41
Gross Profit Margin	55,72 %	62,49 %	59,38 %	61,29 %