MER NORWAY AS

4630 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

−20,27 %

Current Ratio

2,16

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	252 643 000	141 265 000	119 612 000	82 273 000
Net Income	−62 600 000	−49 741 000	−39 583 000	−18 909 000
Total Assets	426 998 000	374 495 000	360 450 000	241 099 000
Total Equity	308 858 000	303 598 000	217 012 000	76 738 000

Income (NOK)	2022	2021	2020	2019
Revenue	252 643 000	141 265 000	119 612 000	82 273 000
Expenditure	333 715 000	203 089 000	163 603 000	118 430 000
Operating Profit	−81 072 000	−61 824 000	−43 992 000	−36 157 000
Financial Income	2 352 000	471 000	1 432 000	179 000
Financial Costs	1 531 000	2 418 000	8 187 000	5 615 000
Financial Balance	821 000	−1 947 000	−6 755 000	−5 436 000
Earnings Before Tax	−80 251 000	−63 771 000	−50 747 000	−41 593 000
Tax	−17 651 000	−14 030 000	−11 164 000	−22 683 000
Net Income	−62 600 000	−49 741 000	−39 583 000	−18 909 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	204 481 000	212 147 000	218 933 000	175 529 000
Total Current Assets	222 518 000	162 348 000	141 517 000	65 570 000
Total Assets	426 998 000	374 495 000	360 450 000	241 099 000
Total Retained Equity	0	0	0	0
Total Equity	308 858 000	303 598 000	217 012 000	76 738 000
Total Long-Term Debt	14 970 000	13 568 000	103 038 000	136 660 000
Total Current Debt	103 170 000	57 329 000	40 401 000	27 701 000
Total Equity and Debt	426 998 000	374 495 000	360 450 000	241 099 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	244 471 000	140 809 000	119 612 000	82 273 000
Other Income	8 172 000	456 000	0	0
Revenue	252 643 000	141 265 000	119 612 000	82 273 000
Cost of Goods Sold	180 550 000	81 123 000	72 352 000	54 727 000
Salary Costs	37 100 000	33 939 000	25 963 000	19 727 000
Depreciation	58 887 000	51 071 000	36 622 000	25 014 000
Impairment	738 000	2 693 000	0	311 000
Expenditure	333 715 000	203 089 000	163 603 000	118 430 000
Operating Profit	−81 072 000	−61 824 000	−43 992 000	−36 157 000
Financial Income	2 352 000	471 000	1 432 000	179 000
Financial Costs	1 531 000	2 418 000	8 187 000	5 615 000
Financial Balance	821 000	−1 947 000	−6 755 000	−5 436 000
Dividends	0	0	0	0
Net Income	−62 600 000	−49 741 000	−39 583 000	−18 909 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 178 000	5 042 000	21 447 000	12 854 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	196 679 000	206 299 000	176 528 000	162 164 000
Fixtures	623 000	789 000	689 000	282 000
Total Tangible Assets	197 303 000	207 088 000	177 217 000	162 446 000
Total Fiancial Fixed Assets	0	17 000	20 268 000	228 000
Total Fixed Assets	204 481 000	212 147 000	218 933 000	175 529 000
Stock	30 516 000	12 890 000	15 785 000	9 077 000
Total Investments	0	0	0	0
Cash, Bank	55 764 000	65 582 000	60 805 000	1 518 000
Total Current Assets	222 518 000	162 348 000	141 517 000	65 570 000
Total Assets	426 998 000	374 495 000	360 450 000	241 099 000
Total Equity	308 858 000	303 598 000	217 012 000	76 738 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	14 970 000	13 568 000	103 038 000	136 660 000
Creditors	32 050 000	14 739 000	18 165 000	18 242 000
Unpaid Taxes	5 974 000	2 300 000	2 115 000	1 424 000
Dividends	0	0	0	0
Other Current Debt	59 170 000	31 164 000	18 856 000	8 036 000
Total Current Debt	103 170 000	57 329 000	40 401 000	27 701 000
Total Equity and Debt	426 998 000	374 495 000	360 450 000	241 099 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,27 %	−16,38 %	−18,24 %	−24,64 %
Debt-to-Equity Ratio	0,05	0,04	0,47	1,78
Operating Profit Margin	−32,09 %	−43,76 %	−36,78 %	−43,95 %
Current Ratio	2,16	2,83	3,5	2,37
Quick Ratio	3,06	3,65	5,75	3,52
Equity Ratio	0,72	0,81	0,6	0,32
Gross Profit Margin	28,54 %	42,57 %	39,51 %	33,48 %