MEIK AS

4313 SANDNES

Finances

Return on Equity

51,8 %

Current Ratio

1,55

Debt-to-Equity Ratio

1,88

Key figures (NOK)	2022	2021	2020	2019
Revenue	67 193 000	61 990 000	45 662 000	42 313 000
Net Income	1 134 000	−838 000	−917 000	806 000
Total Assets	15 559 000	13 762 000	13 990 000	9 691 000
Total Equity	2 189 000	1 055 000	493 000	1 410 000

Income (NOK)	2022	2021	2020	2019
Revenue	67 193 000	61 990 000	45 662 000	42 313 000
Expenditure	65 340 000	62 789 000	46 626 000	41 044 000
Operating Profit	1 853 000	−800 000	−964 000	1 269 000
Financial Income	12 000	5 000	3 000	3 000
Financial Costs	402 000	284 000	208 000	234 000
Financial Balance	−390 000	−279 000	−205 000	−231 000
Earnings Before Tax	1 463 000	−1 078 000	−1 169 000	1 038 000
Tax	329 000	−240 000	−252 000	233 000
Net Income	1 134 000	−838 000	−917 000	806 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 204 000	1 981 000	2 274 000	1 225 000
Total Current Assets	14 355 000	11 781 000	11 717 000	8 466 000
Total Assets	15 559 000	13 762 000	13 990 000	9 691 000
Total Retained Equity	1 134 000	0	0	543 000
Total Equity	2 189 000	1 055 000	493 000	1 410 000
Total Long-Term Debt	4 117 000	4 592 000	3 967 000	3 017 000
Total Current Debt	9 254 000	8 115 000	9 531 000	5 265 000
Total Equity and Debt	15 559 000	13 762 000	13 990 000	9 691 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	67 175 000	61 962 000	45 662 000	42 282 000
Other Income	18 000	28 000	0	31 000
Revenue	67 193 000	61 990 000	45 662 000	42 313 000
Cost of Goods Sold	19 987 000	18 996 000	15 938 000	15 268 000
Salary Costs	35 451 000	33 990 000	24 576 000	20 017 000
Depreciation	441 000	477 000	379 000	479 000
Impairment	0	0	0	0
Expenditure	65 340 000	62 789 000	46 626 000	41 044 000
Operating Profit	1 853 000	−800 000	−964 000	1 269 000
Financial Income	12 000	5 000	3 000	3 000
Financial Costs	402 000	284 000	208 000	234 000
Financial Balance	−390 000	−279 000	−205 000	−231 000
Dividends	0	0	0	0
Net Income	1 134 000	−838 000	−917 000	806 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	130 000	215 000	300 000	329 000
Total Intangible Assets	371 000	786 000	634 000	410 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	813 000	1 176 000	1 600 000	756 000
Total Tangible Assets	813 000	1 176 000	1 600 000	756 000
Total Fiancial Fixed Assets	20 000	20 000	40 000	60 000
Total Fixed Assets	1 204 000	1 981 000	2 274 000	1 225 000
Stock	1 188 000	985 000	908 000	1 678 000
Total Investments	0	0	0	0
Cash, Bank	2 421 000	1 150 000	807 000	2 824 000
Total Current Assets	14 355 000	11 781 000	11 717 000	8 466 000
Total Assets	15 559 000	13 762 000	13 990 000	9 691 000
Total Equity	2 189 000	1 055 000	493 000	1 410 000
Short-Term Group Debt	0	0	0	600 000
Total Long-Term Debt	4 117 000	4 592 000	3 967 000	3 017 000
Creditors	2 384 000	2 314 000	2 698 000	1 250 000
Unpaid Taxes	3 857 000	3 175 000	2 572 000	1 795 000
Dividends	0	0	0	0
Other Current Debt	3 012 000	2 535 000	2 058 000	1 616 000
Total Current Debt	9 254 000	8 115 000	9 531 000	5 265 000
Total Equity and Debt	15 559 000	13 762 000	13 990 000	9 691 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,8 %	−79,43 %	−186 %	57,16 %
Debt-to-Equity Ratio	1,88	4,35	8,05	2,14
Operating Profit Margin	2,76 %	−1,29 %	−2,11 %	3 %
Current Ratio	1,55	1,45	1,23	1,61
Quick Ratio	1,78	1,65	1,36	2,36
Equity Ratio	0,14	0,08	0,04	0,15
Gross Profit Margin	70,25 %	69,36 %	65,1 %	63,92 %