MEMO ELSERVICE AS

1461 LØRENSKOG

Finances

Return on Equity

22,6 %

Current Ratio

1,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 924 000	25 046 000	21 686 000	14 956 000
Net Income	567 000	1 809 000	1 123 000	669 000
Total Assets	6 006 000	10 317 000	9 829 000	7 453 000
Total Equity	2 509 000	1 941 000	3 132 000	3 610 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 924 000	25 046 000	21 686 000	14 956 000
Expenditure	16 181 000	22 733 000	20 236 000	14 102 000
Operating Profit	742 000	2 313 000	1 449 000	854 000
Financial Income	2 000	21 000	2 000	9 000
Financial Costs	8 000	4 000	3 000	3 000
Financial Balance	−6 000	17 000	−1 000	6 000
Earnings Before Tax	736 000	2 330 000	1 448 000	860 000
Tax	168 000	521 000	326 000	192 000
Net Income	567 000	1 809 000	1 123 000	669 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 000	1 000	16 000	62 000
Total Current Assets	6 005 000	10 315 000	9 813 000	7 391 000
Total Assets	6 006 000	10 317 000	9 829 000	7 453 000
Total Retained Equity	2 409 000	1 841 000	3 032 000	3 510 000
Total Equity	2 509 000	1 941 000	3 132 000	3 610 000
Total Long-Term Debt	0	17 000	0	0
Total Current Debt	3 497 000	8 358 000	6 697 000	3 843 000
Total Equity and Debt	6 006 000	10 317 000	9 829 000	7 453 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 843 000	25 042 000	23 684 000	14 956 000
Other Income	81 000	4 000	−1 998 000	0
Revenue	16 924 000	25 046 000	21 686 000	14 956 000
Cost of Goods Sold	5 167 000	10 812 000	8 672 000	4 248 000
Salary Costs	8 323 000	9 333 000	8 964 000	7 575 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	16 181 000	22 733 000	20 236 000	14 102 000
Operating Profit	742 000	2 313 000	1 449 000	854 000
Financial Income	2 000	21 000	2 000	9 000
Financial Costs	8 000	4 000	3 000	3 000
Financial Balance	−6 000	17 000	−1 000	6 000
Dividends	0	3 000 000	1 600 000	0
Net Income	567 000	1 809 000	1 123 000	669 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	15 000	61 000
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	1 000	1 000	1 000	1 000
Total Fixed Assets	1 000	1 000	16 000	62 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 271 000	3 314 000	2 837 000	2 093 000
Total Current Assets	6 005 000	10 315 000	9 813 000	7 391 000
Total Assets	6 006 000	10 317 000	9 829 000	7 453 000
Total Equity	2 509 000	1 941 000	3 132 000	3 610 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	17 000	0	0
Creditors	678 000	735 000	1 098 000	1 157 000
Unpaid Taxes	798 000	1 846 000	1 390 000	1 286 000
Dividends	0	3 000 000	1 600 000	0
Other Current Debt	1 835 000	2 288 000	3 930 000	1 194 000
Total Current Debt	3 497 000	8 358 000	6 697 000	3 843 000
Total Equity and Debt	6 006 000	10 317 000	9 829 000	7 453 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,6 %	93,2 %	35,86 %	18,53 %
Debt-to-Equity Ratio	0	0,01	0	0
Operating Profit Margin	4,38 %	9,24 %	6,68 %	5,71 %
Current Ratio	1,72	1,23	1,47	1,92
Quick Ratio	1,72	1,23	1,47	1,92
Equity Ratio	0,42	0,19	0,32	0,48
Gross Profit Margin	69,47 %	56,83 %	60,01 %	71,6 %