MDE GROUP AS

4033 STAVANGER

Finances

Return on Equity

43,6 %

Current Ratio

1,14

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 626 131 000	1 351 460 000	912 490 000	736 003 000
Net Income	23 666 000	22 312 000	17 769 000	19 393 000
Total Assets	418 349 000	352 580 000	263 866 000	167 067 000
Total Equity	54 274 000	45 336 000	38 963 000	28 488 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 626 131 000	1 351 460 000	912 490 000	736 003 000
Expenditure	1 591 780 000	1 323 399 000	884 410 000	711 342 000
Operating Profit	34 350 000	28 062 000	28 079 000	24 661 000
Financial Income	2 627 000	3 151 000	3 598 000	2 822 000
Financial Costs	3 208 000	3 648 000	6 214 000	2 789 000
Financial Balance	−581 000	−497 000	−2 616 000	33 000
Earnings Before Tax	33 769 000	27 565 000	25 464 000	24 694 000
Tax	10 103 000	5 253 000	7 695 000	5 301 000
Net Income	23 666 000	22 312 000	17 769 000	19 393 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 585 000	7 973 000	4 922 000	3 735 000
Total Current Assets	410 764 000	344 607 000	258 944 000	163 331 000
Total Assets	418 349 000	352 580 000	263 866 000	167 067 000
Total Retained Equity	53 834 000	35 106 000	30 198 000	26 241 000
Total Equity	54 274 000	45 336 000	38 963 000	28 488 000
Total Long-Term Debt	3 056 000	142 000	914 000	0
Total Current Debt	361 019 000	307 102 000	223 989 000	138 579 000
Total Equity and Debt	418 349 000	352 580 000	263 866 000	167 067 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 620 928 000	1 343 773 000	907 840 000	736 003 000
Other Income	5 203 000	7 688 000	4 650 000	0
Revenue	1 626 131 000	1 351 460 000	912 490 000	736 003 000
Cost of Goods Sold	633 360 000	600 781 000	468 243 000	459 897 000
Salary Costs	889 056 000	668 750 000	381 895 000	225 392 000
Depreciation	3 582 000	2 459 000	1 657 000	295 000
Impairment	0	0	0	0
Expenditure	1 591 780 000	1 323 399 000	884 410 000	711 342 000
Operating Profit	34 350 000	28 062 000	28 079 000	24 661 000
Financial Income	2 627 000	3 151 000	3 598 000	2 822 000
Financial Costs	3 208 000	3 648 000	6 214 000	2 789 000
Financial Balance	−581 000	−497 000	−2 616 000	33 000
Dividends	15 000 000	16 000 000	10 000 000	9 500 000
Net Income	23 666 000	22 312 000	17 769 000	19 393 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 492 000	1 388 000	76 000	1 350 000
Real Eastate	589 000	575 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 442 000	5 998 000	4 834 000	1 836 000
Total Tangible Assets	5 032 000	6 573 000	4 834 000	1 836 000
Total Fiancial Fixed Assets	61 000	12 000	12 000	550 000
Total Fixed Assets	7 585 000	7 973 000	4 922 000	3 735 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	59 773 000	85 614 000	52 756 000	19 518 000
Total Current Assets	410 764 000	344 607 000	258 944 000	163 331 000
Total Assets	418 349 000	352 580 000	263 866 000	167 067 000
Total Equity	54 274 000	45 336 000	38 963 000	28 488 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 056 000	142 000	914 000	0
Creditors	82 615 000	84 650 000	70 042 000	44 501 000
Unpaid Taxes	106 948 000	86 862 000	49 136 000	29 538 000
Dividends	15 000 000	16 000 000	10 000 000	9 500 000
Other Current Debt	115 093 000	85 185 000	62 244 000	38 733 000
Total Current Debt	361 019 000	307 102 000	223 989 000	138 579 000
Total Equity and Debt	418 349 000	352 580 000	263 866 000	167 067 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,6 %	49,21 %	45,6 %	68,07 %
Debt-to-Equity Ratio	0,06	0	0,02	0
Operating Profit Margin	2,11 %	2,08 %	3,08 %	3,35 %
Current Ratio	1,14	1,12	1,16	1,18
Quick Ratio	1,14	1,12	1,16	1,18
Equity Ratio	0,13	0,13	0,15	0,17
Gross Profit Margin	61,05 %	55,55 %	48,69 %	37,51 %