POWERMEC AS

1630 GAMLE FREDRIKSTAD

Finances

Share Ownership

Return on Equity

61,7 %

Current Ratio

1,21

Debt-to-Equity Ratio

Key figures (NOK)	2023	2022	2021	2020
Revenue	51 927 000	44 824 000	38 007 000	38 395 000
Net Income	2 329 000	1 581 000	2 344 000	2 923 000
Total Assets	20 321 000	16 667 000	10 905 000	13 752 000
Total Equity	3 775 000	4 646 000	3 765 000	4 621 000

Income (NOK)	2023	2022	2021	2020
Revenue	51 927 000	44 824 000	38 007 000	38 395 000
Expenditure	49 248 000	41 501 000	35 318 000	35 150 000
Operating Profit	2 679 000	3 324 000	2 690 000	3 245 000
Financial Income	2 104 000	889 000	700 000	1 390 000
Financial Costs	1 791 000	1 085 000	1 463 000	878 000
Financial Balance	313 000	−196 000	−763 000	512 000
Earnings Before Tax	2 992 000	3 128 000	1 926 000	3 756 000
Tax	663 000	1 546 000	−418 000	833 000
Net Income	2 329 000	1 581 000	2 344 000	2 923 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	334 000	103 000	112 000	192 000
Total Current Assets	19 986 000	16 564 000	10 792 000	13 560 000
Total Assets	20 321 000	16 667 000	10 905 000	13 752 000
Total Retained Equity	3 675 000	4 546 000	3 665 000	4 521 000
Total Equity	3 775 000	4 646 000	3 765 000	4 621 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	16 546 000	12 021 000	7 140 000	9 131 000
Total Equity and Debt	20 321 000	16 667 000	10 905 000	13 752 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	51 927 000	44 824 000	38 007 000	38 395 000
Other Income	0	0	0	0
Revenue	51 927 000	44 824 000	38 007 000	38 395 000
Cost of Goods Sold	40 765 000	35 184 000	29 725 000	28 508 000
Salary Costs	5 031 000	3 646 000	2 885 000	3 712 000
Depreciation	66 000	37 000	89 000	159 000
Impairment	0	0	0	0
Expenditure	49 248 000	41 501 000	35 318 000	35 150 000
Operating Profit	2 679 000	3 324 000	2 690 000	3 245 000
Financial Income	2 104 000	889 000	700 000	1 390 000
Financial Costs	1 791 000	1 085 000	1 463 000	878 000
Financial Balance	313 000	−196 000	−763 000	512 000
Dividends	3 200 000	700 000	3 200 000	1 300 000
Net Income	2 329 000	1 581 000	2 344 000	2 923 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	0	0	0	0
Total Intangible Assets	112 000	85 000	57 000	55 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	222 000	18 000	55 000	133 000
Total Tangible Assets	222 000	18 000	55 000	133 000
Total Fiancial Fixed Assets	0	0	0	3 000
Total Fixed Assets	334 000	103 000	112 000	192 000
Stock	6 925 000	7 315 000	3 716 000	4 128 000
Total Investments	0	0	0	0
Cash, Bank	250 000	190 000	125 000	1 282 000
Total Current Assets	19 986 000	16 564 000	10 792 000	13 560 000
Total Assets	20 321 000	16 667 000	10 905 000	13 752 000
Total Equity	3 775 000	4 646 000	3 765 000	4 621 000
Short-Term Group Debt	0	0	0	2 445 000
Total Long-Term Debt	0	0	0	0
Creditors	4 485 000	4 256 000	1 748 000	2 553 000
Unpaid Taxes	2 948 000	2 623 000	1 362 000	1 683 000
Dividends	3 200 000	700 000	3 200 000	1 300 000
Other Current Debt	7 912 000	4 407 000	398 000	588 000
Total Current Debt	16 546 000	12 021 000	7 140 000	9 131 000
Total Equity and Debt	20 321 000	16 667 000	10 905 000	13 752 000

Financial indicators	2023	2022	2021	2020
Return on Equity	61,7 %	34,03 %	62,26 %	63,25 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,16 %	7,42 %	7,08 %	8,45 %
Current Ratio	1,21	1,38	1,51	1,49
Quick Ratio	2,08	3,52	3,15	2,71
Equity Ratio	0,19	0,28	0,35	0,34
Gross Profit Margin	21,5 %	21,51 %	21,79 %	25,75 %