MESHTECH AS

4848 ARENDAL

Finances

Share Ownership

Return on Equity

186,8 %

Current Ratio

0,86

Debt-to-Equity Ratio

−1,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 346 000	16 229 000	16 824 000	14 238 000
Net Income	−10 758 000	−6 002 000	−2 089 000	−8 215 000
Total Assets	3 070 000	8 021 000	6 839 000	6 030 000
Total Equity	−5 759 000	999 000	1 992 000	−25 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 346 000	16 229 000	16 824 000	14 238 000
Expenditure	12 700 000	22 158 000	21 369 000	21 997 000
Operating Profit	−10 354 000	−5 930 000	−4 545 000	−7 759 000
Financial Income	18 000	61 000	2 726 000	13 000
Financial Costs	422 000	133 000	270 000	469 000
Financial Balance	−404 000	−72 000	2 456 000	−456 000
Earnings Before Tax	−10 758 000	−6 002 000	−2 089 000	−8 215 000
Tax	0	0	0	0
Net Income	−10 758 000	−6 002 000	−2 089 000	−8 215 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	922 000	1 156 000	71 000	1 613 000
Total Current Assets	2 148 000	6 865 000	6 768 000	4 416 000
Total Assets	3 070 000	8 021 000	6 839 000	6 030 000
Total Retained Equity	−16 759 000	0	0	−478 000
Total Equity	−5 759 000	999 000	1 992 000	−25 000
Total Long-Term Debt	6 320 000	1 333 000	1 333 000	1 500 000
Total Current Debt	2 509 000	5 689 000	3 514 000	4 554 000
Total Equity and Debt	3 070 000	8 021 000	6 839 000	6 030 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 271 000	15 251 000	16 114 000	12 712 000
Other Income	75 000	977 000	710 000	1 526 000
Revenue	2 346 000	16 229 000	16 824 000	14 238 000
Cost of Goods Sold	697 000	9 483 000	5 739 000	3 336 000
Salary Costs	9 554 000	10 185 000	10 069 000	11 805 000
Depreciation	234 000	17 000	13 000	13 000
Impairment	0	0	0	0
Expenditure	12 700 000	22 158 000	21 369 000	21 997 000
Operating Profit	−10 354 000	−5 930 000	−4 545 000	−7 759 000
Financial Income	18 000	61 000	2 726 000	13 000
Financial Costs	422 000	133 000	270 000	469 000
Financial Balance	−404 000	−72 000	2 456 000	−456 000
Dividends	0	0	0	0
Net Income	−10 758 000	−6 002 000	−2 089 000	−8 215 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	862 000	1 078 000	0	0
Real Eastate	0	20 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	23 000	21 000	34 000	47 000
Total Tangible Assets	23 000	41 000	34 000	47 000
Total Fiancial Fixed Assets	37 000	37 000	37 000	1 566 000
Total Fixed Assets	922 000	1 156 000	71 000	1 613 000
Stock	1 434 000	545 000	1 080 000	1 105 000
Total Investments	0	0	0	0
Cash, Bank	96 000	330 000	2 949 000	1 079 000
Total Current Assets	2 148 000	6 865 000	6 768 000	4 416 000
Total Assets	3 070 000	8 021 000	6 839 000	6 030 000
Total Equity	−5 759 000	999 000	1 992 000	−25 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 320 000	1 333 000	1 333 000	1 500 000
Creditors	1 011 000	2 511 000	1 307 000	735 000
Unpaid Taxes	421 000	1 621 000	1 002 000	1 106 000
Dividends	0	0	0	0
Other Current Debt	1 077 000	1 556 000	1 205 000	2 713 000
Total Current Debt	2 509 000	5 689 000	3 514 000	4 554 000
Total Equity and Debt	3 070 000	8 021 000	6 839 000	6 030 000

Financial indicators	2022	2021	2020	2019
Return on Equity	186,8 %	−600,8 %	−104,87 %	32 860 %
Debt-to-Equity Ratio	−1,1	1,33	0,67	−60
Operating Profit Margin	−441,35 %	−36,54 %	−27,01 %	−54,5 %
Current Ratio	0,86	1,21	1,93	0,97
Quick Ratio	2	1,33	2,78	1,28
Equity Ratio	−1,88	0,12	0,29	−0
Gross Profit Margin	70,29 %	41,57 %	65,89 %	76,57 %