I.B. MEKANISKE AS

1618 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

35,31 %

Current Ratio

1,43

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 744 000	4 253 000	3 956 000	4 587 000
Net Income	214 000	185 000	−21 000	284 000
Total Assets	1 922 000	1 310 000	1 061 000	1 207 000
Total Equity	606 000	552 000	367 000	388 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 744 000	4 253 000	3 956 000	4 587 000
Expenditure	5 461 000	3 987 000	3 989 000	4 242 000
Operating Profit	284 000	267 000	−34 000	344 000
Financial Income	0	0	8 000	0
Financial Costs	2 000	5 000	0	1 000
Financial Balance	−2 000	−5 000	8 000	−1 000
Earnings Before Tax	282 000	261 000	−25 000	344 000
Tax	68 000	76 000	−5 000	60 000
Net Income	214 000	185 000	−21 000	284 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	35 000	42 000	56 000	72 000
Total Current Assets	1 886 000	1 268 000	1 005 000	1 134 000
Total Assets	1 922 000	1 310 000	1 061 000	1 207 000
Total Retained Equity	506 000	452 000	267 000	288 000
Total Equity	606 000	552 000	367 000	388 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 316 000	758 000	694 000	818 000
Total Equity and Debt	1 922 000	1 310 000	1 061 000	1 207 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 744 000	4 253 000	3 963 000	4 580 000
Other Income	0	0	−7 000	7 000
Revenue	5 744 000	4 253 000	3 956 000	4 587 000
Cost of Goods Sold	2 084 000	1 460 000	1 221 000	1 319 000
Salary Costs	2 137 000	1 684 000	1 858 000	1 916 000
Depreciation	12 000	15 000	14 000	6 000
Impairment	0	0	0	0
Expenditure	5 461 000	3 987 000	3 989 000	4 242 000
Operating Profit	284 000	267 000	−34 000	344 000
Financial Income	0	0	8 000	0
Financial Costs	2 000	5 000	0	1 000
Financial Balance	−2 000	−5 000	8 000	−1 000
Dividends	160 000	0	0	200 000
Net Income	214 000	185 000	−21 000	284 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	17 000	18 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	17 000	0	0	0
Fixtures	13 000	42 000	40 000	54 000
Total Tangible Assets	30 000	42 000	40 000	54 000
Total Fiancial Fixed Assets	6 000	0	0	0
Total Fixed Assets	35 000	42 000	56 000	72 000
Stock	368 000	206 000	206 000	226 000
Total Investments	0	0	0	0
Cash, Bank	69 000	239 000	62 000	271 000
Total Current Assets	1 886 000	1 268 000	1 005 000	1 134 000
Total Assets	1 922 000	1 310 000	1 061 000	1 207 000
Total Equity	606 000	552 000	367 000	388 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	408 000	141 000	193 000	55 000
Unpaid Taxes	235 000	182 000	203 000	173 000
Dividends	160 000	0	0	200 000
Other Current Debt	281 000	375 000	298 000	312 000
Total Current Debt	1 316 000	758 000	694 000	818 000
Total Equity and Debt	1 922 000	1 310 000	1 061 000	1 207 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,31 %	33,51 %	−5,72 %	73,2 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,94 %	6,28 %	−0,86 %	7,5 %
Current Ratio	1,43	1,67	1,45	1,39
Quick Ratio	1,99	2,3	2,06	1,92
Equity Ratio	0,32	0,42	0,35	0,32
Gross Profit Margin	63,72 %	65,67 %	69,14 %	71,24 %