MG ENGINEERING AS

0452 OSLO

Finances

Share Ownership

Return on Equity

31,87 %

Current Ratio

0,78

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 233 000	2 410 000	2 112 000	2 249 000
Net Income	934 000	850 000	487 000	924 000
Total Assets	4 164 000	4 157 000	5 105 000	4 540 000
Total Equity	2 931 000	3 396 000	3 346 000	3 060 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 233 000	2 410 000	2 112 000	2 249 000
Expenditure	1 036 000	1 273 000	1 503 000	1 156 000
Operating Profit	1 197 000	1 137 000	610 000	1 093 000
Financial Income	1 000	14 000	153 000	173 000
Financial Costs	0	55 000	164 000	124 000
Financial Balance	1 000	−41 000	−11 000	49 000
Earnings Before Tax	1 198 000	1 097 000	598 000	1 142 000
Tax	264 000	246 000	112 000	218 000
Net Income	934 000	850 000	487 000	924 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 202 000	3 202 000	3 202 000	3 202 000
Total Current Assets	963 000	956 000	1 904 000	1 338 000
Total Assets	4 164 000	4 157 000	5 105 000	4 540 000
Total Retained Equity	2 825 000	3 291 000	3 241 000	2 954 000
Total Equity	2 931 000	3 396 000	3 346 000	3 060 000
Total Long-Term Debt	0	0	1 062 000	987 000
Total Current Debt	1 234 000	761 000	697 000	493 000
Total Equity and Debt	4 164 000	4 157 000	5 105 000	4 540 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 155 000	2 244 000	2 061 000	2 045 000
Other Income	78 000	166 000	51 000	204 000
Revenue	2 233 000	2 410 000	2 112 000	2 249 000
Cost of Goods Sold	0	0	0	0
Salary Costs	688 000	1 022 000	1 195 000	879 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 036 000	1 273 000	1 503 000	1 156 000
Operating Profit	1 197 000	1 137 000	610 000	1 093 000
Financial Income	1 000	14 000	153 000	173 000
Financial Costs	0	55 000	164 000	124 000
Financial Balance	1 000	−41 000	−11 000	49 000
Dividends	1 400 000	800 000	200 000	0
Net Income	934 000	850 000	487 000	924 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 202 000	3 202 000	3 202 000	3 202 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	3 202 000	3 202 000	3 202 000	3 202 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 202 000	3 202 000	3 202 000	3 202 000
Stock	0	0	0	0
Total Investments	0	0	0	629 000
Cash, Bank	732 000	322 000	1 697 000	277 000
Total Current Assets	963 000	956 000	1 904 000	1 338 000
Total Assets	4 164 000	4 157 000	5 105 000	4 540 000
Total Equity	2 931 000	3 396 000	3 346 000	3 060 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 062 000	987 000
Creditors	3 000	6 000	6 000	0
Unpaid Taxes	167 000	225 000	171 000	193 000
Dividends	1 400 000	800 000	200 000	0
Other Current Debt	800 000	284 000	409 000	82 000
Total Current Debt	1 234 000	761 000	697 000	493 000
Total Equity and Debt	4 164 000	4 157 000	5 105 000	4 540 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,87 %	25,03 %	14,55 %	30,2 %
Debt-to-Equity Ratio	0	0	0,32	0,32
Operating Profit Margin	53,61 %	47,18 %	28,88 %	48,6 %
Current Ratio	0,78	1,26	2,73	2,71
Quick Ratio	0,78	1,26	2,73	2,71
Equity Ratio	0,7	0,82	0,66	0,67
Gross Profit Margin	100 %	100 %	100 %	100 %