MER INNOVASJON AS

3511 HØNEFOSS

Finances

Return on Equity

55,14 %

Current Ratio

3,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 462 000	3 554 000	1 946 000	1 881 000
Net Income	912 000	363 000	19 000	−25 000
Total Assets	2 364 000	1 626 000	1 231 000	863 000
Total Equity	1 654 000	742 000	379 000	360 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 462 000	3 554 000	1 946 000	1 881 000
Expenditure	3 547 000	3 191 000	1 926 000	1 909 000
Operating Profit	914 000	364 000	19 000	−28 000
Financial Income	1 000	1 000	0	3 000
Financial Costs	3 000	2 000	1 000	0
Financial Balance	−2 000	−1 000	−1 000	3 000
Earnings Before Tax	912 000	363 000	19 000	−25 000
Tax	0	0	0	0
Net Income	912 000	363 000	19 000	−25 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	53 000	53 000	53 000	53 000
Total Current Assets	2 311 000	1 573 000	1 178 000	810 000
Total Assets	2 364 000	1 626 000	1 231 000	863 000
Total Retained Equity	−115 000	−1 028 000	−1 391 000	−1 410 000
Total Equity	1 654 000	742 000	379 000	360 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	709 000	884 000	852 000	503 000
Total Equity and Debt	2 364 000	1 626 000	1 231 000	863 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 862 000	2 485 000	789 000	981 000
Other Income	1 599 000	1 069 000	1 157 000	900 000
Revenue	4 462 000	3 554 000	1 946 000	1 881 000
Cost of Goods Sold	60 000	14 000	6 000	0
Salary Costs	2 639 000	2 528 000	1 413 000	1 221 000
Depreciation	0	0	0	24 000
Impairment	0	0	0	0
Expenditure	3 547 000	3 191 000	1 926 000	1 909 000
Operating Profit	914 000	364 000	19 000	−28 000
Financial Income	1 000	1 000	0	3 000
Financial Costs	3 000	2 000	1 000	0
Financial Balance	−2 000	−1 000	−1 000	3 000
Dividends	0	0	0	0
Net Income	912 000	363 000	19 000	−25 000

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	53 000	53 000	53 000	53 000
Total Fixed Assets	53 000	53 000	53 000	53 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 038 000	1 178 000	983 000	668 000
Total Current Assets	2 311 000	1 573 000	1 178 000	810 000
Total Assets	2 364 000	1 626 000	1 231 000	863 000
Total Equity	1 654 000	742 000	379 000	360 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	146 000	389 000	317 000	293 000
Unpaid Taxes	178 000	165 000	98 000	83 000
Dividends	0	0	0	0
Other Current Debt	385 000	330 000	438 000	126 000
Total Current Debt	709 000	884 000	852 000	503 000
Total Equity and Debt	2 364 000	1 626 000	1 231 000	863 000

Financial indicators	2022	2021	2020	2019
Return on Equity	55,14 %	48,92 %	5,01 %	−6,94 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	20,48 %	10,24 %	0,98 %	−1,49 %
Current Ratio	3,26	1,78	1,38	1,61
Quick Ratio	3,26	1,78	1,38	1,61
Equity Ratio	0,7	0,46	0,31	0,42
Gross Profit Margin	98,66 %	99,61 %	99,69 %	100 %