MECAN AS

4262 AVALDSNES

Finances

Share Ownership

Return on Equity

24,94 %

Current Ratio

1,3

Debt-to-Equity Ratio

0,61

Key figures (NOK)	2022	2021	2020	2019
Revenue	85 821 000	59 710 000	62 074 000	77 017 000
Net Income	2 282 000	1 259 000	474 000	−456 000
Total Assets	37 954 000	24 626 000	22 394 000	22 529 000
Total Equity	9 149 000	7 655 000	6 955 000	7 361 000

Income (NOK)	2022	2021	2020	2019
Revenue	85 821 000	59 710 000	62 074 000	77 017 000
Expenditure	85 131 000	57 806 000	61 310 000	77 364 000
Operating Profit	3 485 000	1 905 000	764 000	−348 000
Financial Income	46 000	14 000	11 000	0
Financial Costs	604 000	304 000	168 000	261 000
Financial Balance	−558 000	−290 000	−157 000	−261 000
Earnings Before Tax	2 927 000	1 614 000	607 000	−608 000
Tax	644 000	355 000	134 000	−152 000
Net Income	2 282 000	1 259 000	474 000	−456 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 744 000	6 956 000	989 000	444 000
Total Current Assets	30 210 000	17 669 000	21 405 000	22 085 000
Total Assets	37 954 000	24 626 000	22 394 000	22 529 000
Total Retained Equity	6 004 000	4 510 000	3 810 000	4 216 000
Total Equity	9 149 000	7 655 000	6 955 000	7 361 000
Total Long-Term Debt	5 614 000	6 271 000	3 581 000	4 042 000
Total Current Debt	23 191 000	10 700 000	11 858 000	11 125 000
Total Equity and Debt	37 954 000	24 626 000	22 394 000	22 529 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	85 571 000	59 702 000	45 364 000	60 269 000
Other Income	250 000	8 000	16 709 000	16 748 000
Revenue	85 821 000	59 710 000	62 074 000	77 017 000
Cost of Goods Sold	37 634 000	17 389 000	24 681 000	35 493 000
Salary Costs	29 811 000	26 568 000	24 563 000	26 425 000
Depreciation	1 631 000	247 000	166 000	147 000
Impairment	0	0	0	0
Expenditure	85 131 000	57 806 000	61 310 000	77 364 000
Operating Profit	3 485 000	1 905 000	764 000	−348 000
Financial Income	46 000	14 000	11 000	0
Financial Costs	604 000	304 000	168 000	261 000
Financial Balance	−558 000	−290 000	−157 000	−261 000
Dividends	0	0	0	0
Net Income	2 282 000	1 259 000	474 000	−456 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	38 000
Total Intangible Assets	327 000	74 000	272 000	195 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 809 000	6 153 000	717 000	249 000
Total Tangible Assets	6 809 000	6 153 000	717 000	249 000
Total Fiancial Fixed Assets	609 000	729 000	0	0
Total Fixed Assets	7 744 000	6 956 000	989 000	444 000
Stock	6 563 000	3 624 000	1 736 000	943 000
Total Investments	0	0	0	0
Cash, Bank	1 041 000	1 955 000	4 555 000	274 000
Total Current Assets	30 210 000	17 669 000	21 405 000	22 085 000
Total Assets	37 954 000	24 626 000	22 394 000	22 529 000
Total Equity	9 149 000	7 655 000	6 955 000	7 361 000
Short-Term Group Debt	1 727 000	716 000	1 129 000	0
Total Long-Term Debt	5 614 000	6 271 000	3 581 000	4 042 000
Creditors	10 407 000	2 496 000	4 449 000	4 284 000
Unpaid Taxes	1 986 000	2 588 000	2 445 000	1 584 000
Dividends	0	0	0	0
Other Current Debt	5 068 000	4 890 000	3 819 000	3 861 000
Total Current Debt	23 191 000	10 700 000	11 858 000	11 125 000
Total Equity and Debt	37 954 000	24 626 000	22 394 000	22 529 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,94 %	16,45 %	6,82 %	−6,19 %
Debt-to-Equity Ratio	0,61	0,82	0,51	0,55
Operating Profit Margin	4,06 %	3,19 %	1,23 %	−0,45 %
Current Ratio	1,3	1,65	1,81	1,99
Quick Ratio	1,82	2,5	2,11	2,17
Equity Ratio	0,24	0,31	0,31	0,33
Gross Profit Margin	56,15 %	70,88 %	60,24 %	53,92 %