MIDT-NORSK VVS AS

7670 INDERØY

Finances

Return on Equity

39,15 %

Current Ratio

2,31

Debt-to-Equity Ratio

0,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 489 000	4 970 000	3 305 000	3 902 000
Net Income	648 000	244 000	32 000	117 000
Total Assets	3 631 000	2 684 000	1 110 000	1 365 000
Total Equity	1 655 000	1 007 000	762 000	730 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 489 000	4 970 000	3 305 000	3 902 000
Expenditure	7 603 000	4 647 000	3 265 000	3 748 000
Operating Profit	885 000	323 000	41 000	154 000
Financial Income	0	0	2 000	0
Financial Costs	51 000	8 000	1 000	2 000
Financial Balance	−51 000	−8 000	1 000	−2 000
Earnings Before Tax	834 000	314 000	42 000	152 000
Tax	186 000	70 000	9 000	35 000
Net Income	648 000	244 000	32 000	117 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 682 000	1 348 000	224 000	190 000
Total Current Assets	1 949 000	1 336 000	886 000	1 175 000
Total Assets	3 631 000	2 684 000	1 110 000	1 365 000
Total Retained Equity	1 625 000	977 000	732 000	700 000
Total Equity	1 655 000	1 007 000	762 000	730 000
Total Long-Term Debt	1 134 000	1 029 000	0	0
Total Current Debt	842 000	648 000	348 000	635 000
Total Equity and Debt	3 631 000	2 684 000	1 110 000	1 365 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 480 000	4 970 000	3 301 000	3 888 000
Other Income	9 000	0	4 000	14 000
Revenue	8 489 000	4 970 000	3 305 000	3 902 000
Cost of Goods Sold	3 219 000	1 572 000	1 187 000	856 000
Salary Costs	3 035 000	2 134 000	1 396 000	1 997 000
Depreciation	175 000	73 000	28 000	21 000
Impairment	0	0	0	0
Expenditure	7 603 000	4 647 000	3 265 000	3 748 000
Operating Profit	885 000	323 000	41 000	154 000
Financial Income	0	0	2 000	0
Financial Costs	51 000	8 000	1 000	2 000
Financial Balance	−51 000	−8 000	1 000	−2 000
Dividends	0	0	0	0
Net Income	648 000	244 000	32 000	117 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	31 000	42 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 576 000	1 328 000	171 000	118 000
Total Tangible Assets	1 576 000	1 328 000	171 000	118 000
Total Fiancial Fixed Assets	106 000	20 000	22 000	30 000
Total Fixed Assets	1 682 000	1 348 000	224 000	190 000
Stock	503 000	381 000	335 000	308 000
Total Investments	0	0	0	0
Cash, Bank	647 000	350 000	59 000	312 000
Total Current Assets	1 949 000	1 336 000	886 000	1 175 000
Total Assets	3 631 000	2 684 000	1 110 000	1 365 000
Total Equity	1 655 000	1 007 000	762 000	730 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 134 000	1 029 000	0	0
Creditors	0	26 000	0	94 000
Unpaid Taxes	398 000	362 000	220 000	343 000
Dividends	0	0	0	0
Other Current Debt	315 000	237 000	114 000	160 000
Total Current Debt	842 000	648 000	348 000	635 000
Total Equity and Debt	3 631 000	2 684 000	1 110 000	1 365 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,15 %	24,23 %	4,2 %	16,03 %
Debt-to-Equity Ratio	0,69	1,02	0	0
Operating Profit Margin	10,43 %	6,5 %	1,24 %	3,95 %
Current Ratio	2,31	2,06	2,55	1,85
Quick Ratio	5,75	5	68,15	3,59
Equity Ratio	0,46	0,38	0,69	0,53
Gross Profit Margin	62,08 %	68,37 %	64,08 %	78,06 %