MIL INNOVATION AS

6410 MOLDE

Finances

Return on Equity

40,44 %

Current Ratio

1,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 304 000	3 951 000	3 653 000	4 521 000
Net Income	512 000	477 000	223 000	1 115 000
Total Assets	3 026 000	2 407 000	2 582 000	2 788 000
Total Equity	1 266 000	1 754 000	1 277 000	1 853 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 304 000	3 951 000	3 653 000	4 521 000
Expenditure	3 622 000	3 376 000	3 338 000	3 275 000
Operating Profit	682 000	575 000	315 000	1 245 000
Financial Income	0	37 000	2 000	160 000
Financial Costs	11 000	10 000	35 000	17 000
Financial Balance	−11 000	27 000	−33 000	143 000
Earnings Before Tax	671 000	602 000	283 000	1 388 000
Tax	159 000	124 000	60 000	273 000
Net Income	512 000	477 000	223 000	1 115 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	53 000	53 000	52 000
Total Current Assets	3 026 000	2 354 000	2 529 000	2 736 000
Total Assets	3 026 000	2 407 000	2 582 000	2 788 000
Total Retained Equity	1 168 000	1 656 000	1 179 000	1 755 000
Total Equity	1 266 000	1 754 000	1 277 000	1 853 000
Total Long-Term Debt	0	0	2 000	0
Total Current Debt	1 761 000	653 000	1 304 000	934 000
Total Equity and Debt	3 026 000	2 407 000	2 582 000	2 788 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 304 000	3 951 000	3 653 000	4 521 000
Other Income	0	0	0	0
Revenue	4 304 000	3 951 000	3 653 000	4 521 000
Cost of Goods Sold	0	0	0	0
Salary Costs	235 000	152 000	234 000	314 000
Depreciation	0	0	0	8 000
Impairment	0	0	0	0
Expenditure	3 622 000	3 376 000	3 338 000	3 275 000
Operating Profit	682 000	575 000	315 000	1 245 000
Financial Income	0	37 000	2 000	160 000
Financial Costs	11 000	10 000	35 000	17 000
Financial Balance	−11 000	27 000	−33 000	143 000
Dividends	1 000 000	0	800 000	0
Net Income	512 000	477 000	223 000	1 115 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	53 000	53 000	52 000
Total Fixed Assets	0	53 000	53 000	52 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 976 000	1 404 000	2 029 000	1 473 000
Total Current Assets	3 026 000	2 354 000	2 529 000	2 736 000
Total Assets	3 026 000	2 407 000	2 582 000	2 788 000
Total Equity	1 266 000	1 754 000	1 277 000	1 853 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	2 000	0
Creditors	239 000	227 000	137 000	153 000
Unpaid Taxes	319 000	282 000	283 000	399 000
Dividends	1 000 000	0	800 000	0
Other Current Debt	43 000	17 000	26 000	109 000
Total Current Debt	1 761 000	653 000	1 304 000	934 000
Total Equity and Debt	3 026 000	2 407 000	2 582 000	2 788 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,44 %	27,19 %	17,46 %	60,17 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	15,85 %	14,55 %	8,62 %	27,54 %
Current Ratio	1,72	3,6	1,94	2,93
Quick Ratio	1,72	3,6	1,94	2,93
Equity Ratio	0,42	0,73	0,49	0,66
Gross Profit Margin	100 %	100 %	100 %	100 %