MIDGARD VIND HOLDING AS

7031 TRONDHEIM

Finances

Return on Equity

−23,84 %

Current Ratio

5,78

Debt-to-Equity Ratio

0,82

Key figures (EUR)	2022	2021	2020	2019
Revenue	30 065 000	50 000	10 484 000	5 990 000
Net Income	−59 135 000	−41 403 000	1 613 000	2 413 000
Total Assets	507 112 000	456 557 000	339 360 000	213 562 000
Total Equity	248 074 000	176 686 000	187 088 000	160 475 000

Income (EUR)	2022	2021	2020	2019
Revenue	30 065 000	50 000	10 484 000	5 990 000
Expenditure	102 051 000	56 554 000	1 197 000	2 101 000
Operating Profit	−71 986 000	−56 504 000	9 287 000	3 889 000
Financial Income	0	2 988 000	0	0
Financial Costs	2 655 000	0	7 694 000	821 000
Financial Balance	−2 655 000	2 988 000	−7 694 000	−821 000
Earnings Before Tax	−74 641 000	−53 516 000	1 593 000	3 068 000
Tax	−15 506 000	−12 113 000	−20 000	655 000
Net Income	−59 135 000	−41 403 000	1 613 000	2 413 000

Balance (EUR)	2022	2021	2020	2019
Total Fixed Assets	185 659 000	170 154 000	158 042 000	158 022 000
Total Current Assets	321 453 000	286 403 000	181 318 000	55 540 000
Total Assets	507 112 000	456 557 000	339 360 000	213 562 000
Total Retained Equity	−100 887 000	−41 752 000	−350 000	−1 963 000
Total Equity	248 074 000	176 686 000	187 088 000	160 475 000
Total Long-Term Debt	203 426 000	244 901 000	139 850 000	36 962 000
Total Current Debt	55 612 000	34 970 000	12 420 000	16 126 000
Total Equity and Debt	507 112 000	456 557 000	339 358 000	213 563 000

Cash flow (EUR)	2022	2021	2020	2019
Sales Income	29 968 000	0	10 467 000	5 951 000
Other Income	97 000	50 000	17 000	39 000
Revenue	30 065 000	50 000	10 484 000	5 990 000
Cost of Goods Sold	100 952 000	55 428 000	0	0
Salary Costs	623 000	591 000	553 000	441 000
Depreciation	1 000	1 000	1 000	1 000
Impairment	0	0	0	0
Expenditure	102 051 000	56 554 000	1 197 000	2 101 000
Operating Profit	−71 986 000	−56 504 000	9 287 000	3 889 000
Financial Income	0	2 988 000	0	0
Financial Costs	2 655 000	0	7 694 000	821 000
Financial Balance	−2 655 000	2 988 000	−7 694 000	−821 000
Dividends	0	0	0	0
Net Income	−59 135 000	−41 403 000	1 613 000	2 413 000

Balance details (EUR)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	28 219 000	12 713 000	600 000	579 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	1 000	2 000	3 000
Total Tangible Assets	0	1 000	2 000	3 000
Total Fiancial Fixed Assets	157 440 000	157 440 000	157 440 000	157 440 000
Total Fixed Assets	185 659 000	170 154 000	158 042 000	158 022 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	87 216 000	38 765 000	22 309 000	14 365 000
Total Current Assets	321 453 000	286 403 000	181 318 000	55 540 000
Total Assets	507 112 000	456 557 000	339 360 000	213 562 000
Total Equity	248 074 000	176 686 000	187 088 000	160 475 000
Short-Term Group Debt	21 972 000	13 567 000	0	635 000
Total Long-Term Debt	203 426 000	244 901 000	139 850 000	36 962 000
Creditors	22 024 000	8 507 000	37 000	11 000
Unpaid Taxes	48 000	40 000	35 000	103 000
Dividends	0	0	0	0
Other Current Debt	166 000	184 000	12 348 000	15 377 000
Total Current Debt	55 612 000	34 970 000	12 420 000	16 126 000
Total Equity and Debt	507 112 000	456 557 000	339 358 000	213 563 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,84 %	−23,43 %	0,86 %	1,5 %
Debt-to-Equity Ratio	0,82	1,39	0,75	0,23
Operating Profit Margin	−239,43 %	−113 008 %	88,58 %	64,92 %
Current Ratio	5,78	8,19	14,6	3,44
Quick Ratio	5,78	8,19	14,6	3,44
Equity Ratio	0,49	0,39	0,55	0,75
Gross Profit Margin	−235,78 %	−110 756 %	100 %	100 %