MITTET ELECTRICAL ENGINEERING AS

4637 KRISTIANSAND S

Finances

Return on Equity

14,57 %

Current Ratio

5,3

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 433 000	1 311 000	1 352 000	1 462 000
Net Income	246 000	386 000	341 000	307 000
Total Assets	2 060 000	1 761 000	1 329 000	933 000
Total Equity	1 688 000	1 442 000	1 056 000	715 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 433 000	1 311 000	1 352 000	1 462 000
Expenditure	975 000	1 068 000	1 057 000	1 251 000
Operating Profit	458 000	243 000	295 000	210 000
Financial Income	134 000	248 000	181 000	143 000
Financial Costs	238 000	51 000	127 000	46 000
Financial Balance	−104 000	197 000	54 000	97 000
Earnings Before Tax	354 000	441 000	349 000	307 000
Tax	108 000	55 000	8 000	0
Net Income	246 000	386 000	341 000	307 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	95 000	34 000	0	25 000
Total Current Assets	1 965 000	1 727 000	1 329 000	908 000
Total Assets	2 060 000	1 761 000	1 329 000	933 000
Total Retained Equity	1 658 000	1 412 000	1 026 000	685 000
Total Equity	1 688 000	1 442 000	1 056 000	715 000
Total Long-Term Debt	1 000	2 000	0	0
Total Current Debt	371 000	317 000	273 000	218 000
Total Equity and Debt	2 060 000	1 761 000	1 329 000	933 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 433 000	1 309 000	1 351 000	1 460 000
Other Income	0	2 000	0	1 000
Revenue	1 433 000	1 311 000	1 352 000	1 462 000
Cost of Goods Sold	0	0	0	0
Salary Costs	824 000	999 000	865 000	845 000
Depreciation	14 000	0	0	0
Impairment	0	0	0	0
Expenditure	975 000	1 068 000	1 057 000	1 251 000
Operating Profit	458 000	243 000	295 000	210 000
Financial Income	134 000	248 000	181 000	143 000
Financial Costs	238 000	51 000	127 000	46 000
Financial Balance	−104 000	197 000	54 000	97 000
Dividends	0	0	0	0
Net Income	246 000	386 000	341 000	307 000

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	20 000	34 000	0	0
Total Tangible Assets	20 000	34 000	0	0
Total Fiancial Fixed Assets	75 000	0	0	25 000
Total Fixed Assets	95 000	34 000	0	25 000
Stock	0	0	0	0
Total Investments	1 479 000	1 226 000	949 000	597 000
Cash, Bank	275 000	369 000	381 000	187 000
Total Current Assets	1 965 000	1 727 000	1 329 000	908 000
Total Assets	2 060 000	1 761 000	1 329 000	933 000
Total Equity	1 688 000	1 442 000	1 056 000	715 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	2 000	0	0
Creditors	4 000	3 000	5 000	1 000
Unpaid Taxes	148 000	133 000	122 000	114 000
Dividends	0	0	0	0
Other Current Debt	99 000	117 000	128 000	103 000
Total Current Debt	371 000	317 000	273 000	218 000
Total Equity and Debt	2 060 000	1 761 000	1 329 000	933 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,57 %	26,77 %	32,29 %	42,94 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	31,96 %	18,54 %	21,82 %	14,36 %
Current Ratio	5,3	5,45	4,87	4,17
Quick Ratio	5,3	5,45	4,87	4,17
Equity Ratio	0,82	0,82	0,79	0,77
Gross Profit Margin	100 %	100 %	100 %	100 %