MTI NORGE AS

2940 HEGGENES

Finances

Share Ownership

Return on Equity

43,88 %

Current Ratio

1,62

Debt-to-Equity Ratio

0,9

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 845 000	9 820 000	5 709 000	9 449 000
Net Income	745 000	149 000	−123 000	87 000
Total Assets	5 990 000	4 194 000	3 807 000	4 054 000
Total Equity	1 698 000	954 000	804 000	928 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 845 000	9 820 000	5 709 000	9 449 000
Expenditure	13 339 000	9 492 000	5 754 000	9 190 000
Operating Profit	507 000	329 000	−45 000	259 000
Financial Income	665 000	14 000	43 000	2 000
Financial Costs	220 000	116 000	118 000	101 000
Financial Balance	445 000	−102 000	−75 000	−99 000
Earnings Before Tax	951 000	227 000	−120 000	160 000
Tax	207 000	78 000	3 000	73 000
Net Income	745 000	149 000	−123 000	87 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 504 000	1 165 000	1 315 000	1 566 000
Total Current Assets	4 486 000	3 029 000	2 492 000	2 488 000
Total Assets	5 990 000	4 194 000	3 807 000	4 054 000
Total Retained Equity	1 598 000	854 000	704 000	828 000
Total Equity	1 698 000	954 000	804 000	928 000
Total Long-Term Debt	1 527 000	1 911 000	2 268 000	2 413 000
Total Current Debt	2 765 000	1 329 000	735 000	713 000
Total Equity and Debt	5 990 000	4 194 000	3 807 000	4 054 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 743 000	9 469 000	5 125 000	9 463 000
Other Income	102 000	351 000	584 000	−15 000
Revenue	13 845 000	9 820 000	5 709 000	9 449 000
Cost of Goods Sold	9 427 000	6 366 000	3 455 000	5 609 000
Salary Costs	2 417 000	1 914 000	913 000	2 078 000
Depreciation	190 000	302 000	338 000	358 000
Impairment	0	0	0	0
Expenditure	13 339 000	9 492 000	5 754 000	9 190 000
Operating Profit	507 000	329 000	−45 000	259 000
Financial Income	665 000	14 000	43 000	2 000
Financial Costs	220 000	116 000	118 000	101 000
Financial Balance	445 000	−102 000	−75 000	−99 000
Dividends	0	0	0	0
Net Income	745 000	149 000	−123 000	87 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	160 000	21 000	23 000	26 000
Machinery and Plant Facilities	3 000	5 000	7 000	10 000
Fixtures	1 215 000	1 008 000	1 254 000	1 488 000
Total Tangible Assets	1 378 000	1 034 000	1 285 000	1 524 000
Total Fiancial Fixed Assets	127 000	131 000	30 000	42 000
Total Fixed Assets	1 504 000	1 165 000	1 315 000	1 566 000
Stock	1 453 000	651 000	529 000	846 000
Total Investments	0	0	0	0
Cash, Bank	1 651 000	679 000	509 000	453 000
Total Current Assets	4 486 000	3 029 000	2 492 000	2 488 000
Total Assets	5 990 000	4 194 000	3 807 000	4 054 000
Total Equity	1 698 000	954 000	804 000	928 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 527 000	1 911 000	2 268 000	2 413 000
Creditors	363 000	608 000	467 000	110 000
Unpaid Taxes	19 000	201 000	159 000	273 000
Dividends	0	0	0	0
Other Current Debt	2 176 000	443 000	106 000	258 000
Total Current Debt	2 765 000	1 329 000	735 000	713 000
Total Equity and Debt	5 990 000	4 194 000	3 807 000	4 054 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,88 %	15,62 %	−15,3 %	9,38 %
Debt-to-Equity Ratio	0,9	2	2,82	2,6
Operating Profit Margin	3,66 %	3,35 %	−0,79 %	2,74 %
Current Ratio	1,62	2,28	3,39	3,49
Quick Ratio	3,42	4,47	12,1	−18,71
Equity Ratio	0,28	0,23	0,21	0,23
Gross Profit Margin	31,91 %	35,17 %	39,48 %	40,64 %