MINIT NORWAY AS

0050 OSLO

Finances

Return on Equity

−36,41 %

Current Ratio

3,13

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 824 000	10 185 000	12 392 000	15 195 000
Net Income	−4 211 000	673 000	−764 000	1 927 000
Total Assets	14 731 000	19 479 000	20 258 000	23 414 000
Total Equity	11 567 000	16 278 000	15 605 000	18 370 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 824 000	10 185 000	12 392 000	15 195 000
Expenditure	15 426 000	9 310 000	10 829 000	12 786 000
Operating Profit	−3 601 000	875 000	1 564 000	2 409 000
Financial Income	132 000	35 000	355 000	182 000
Financial Costs	934 000	45 000	2 898 000	119 000
Financial Balance	−802 000	−10 000	−2 543 000	63 000
Earnings Before Tax	−4 403 000	865 000	−980 000	2 472 000
Tax	−192 000	192 000	−216 000	545 000
Net Income	−4 211 000	673 000	−764 000	1 927 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 792 000	12 216 000	11 468 000	13 172 000
Total Current Assets	7 939 000	7 263 000	8 790 000	10 242 000
Total Assets	14 731 000	19 479 000	20 258 000	23 414 000
Total Retained Equity	11 329 000	16 040 000	15 367 000	18 132 000
Total Equity	11 567 000	16 278 000	15 605 000	18 370 000
Total Long-Term Debt	627 000	627 000	627 000	627 000
Total Current Debt	2 536 000	2 573 000	4 025 000	4 417 000
Total Equity and Debt	14 731 000	19 479 000	20 258 000	23 414 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 824 000	9 764 000	12 283 000	15 185 000
Other Income	0	421 000	109 000	10 000
Revenue	11 824 000	10 185 000	12 392 000	15 195 000
Cost of Goods Sold	1 477 000	1 069 000	909 000	1 560 000
Salary Costs	4 069 000	3 621 000	3 916 000	5 406 000
Depreciation	141 000	122 000	157 000	131 000
Impairment	4 998 000	0	0	0
Expenditure	15 426 000	9 310 000	10 829 000	12 786 000
Operating Profit	−3 601 000	875 000	1 564 000	2 409 000
Financial Income	132 000	35 000	355 000	182 000
Financial Costs	934 000	45 000	2 898 000	119 000
Financial Balance	−802 000	−10 000	−2 543 000	63 000
Dividends	500 000	0	2 000 000	1 000 000
Net Income	−4 211 000	673 000	−764 000	1 927 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 236 000	5 867 000	5 950 000	5 265 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	381 000	489 000	491 000	612 000
Total Tangible Assets	381 000	489 000	491 000	612 000
Total Fiancial Fixed Assets	5 176 000	5 861 000	5 027 000	7 295 000
Total Fixed Assets	6 792 000	12 216 000	11 468 000	13 172 000
Stock	726 000	1 225 000	1 199 000	816 000
Total Investments	0	0	0	0
Cash, Bank	6 291 000	4 508 000	5 457 000	8 181 000
Total Current Assets	7 939 000	7 263 000	8 790 000	10 242 000
Total Assets	14 731 000	19 479 000	20 258 000	23 414 000
Total Equity	11 567 000	16 278 000	15 605 000	18 370 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	627 000	627 000	627 000	627 000
Creditors	475 000	635 000	481 000	603 000
Unpaid Taxes	611 000	630 000	507 000	881 000
Dividends	500 000	0	2 000 000	1 000 000
Other Current Debt	1 275 000	1 200 000	1 568 000	1 349 000
Total Current Debt	2 536 000	2 573 000	4 025 000	4 417 000
Total Equity and Debt	14 731 000	19 479 000	20 258 000	23 414 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−36,41 %	4,13 %	−4,9 %	10,49 %
Debt-to-Equity Ratio	0,05	0,04	0,04	0,03
Operating Profit Margin	−30,46 %	8,59 %	12,62 %	15,85 %
Current Ratio	3,13	2,82	2,18	2,32
Quick Ratio	4,39	5,39	3,11	2,84
Equity Ratio	0,79	0,84	0,77	0,78
Gross Profit Margin	87,51 %	89,5 %	92,66 %	89,73 %