MIDSUND SERVICE AS

6475 MIDSUND

Finances

Share Ownership

Return on Equity

12,38 %

Current Ratio

1,52

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 778 000	1 962 000	2 749 000	2 169 000
Net Income	179 000	255 000	465 000	338 000
Total Assets	2 048 000	2 132 000	2 366 000	2 245 000
Total Equity	1 446 000	1 417 000	1 362 000	1 247 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 778 000	1 962 000	2 749 000	2 169 000
Expenditure	1 507 000	1 642 000	2 098 000	1 727 000
Operating Profit	270 000	320 000	652 000	442 000
Financial Income	0	0	1 000	2 000
Financial Costs	41 000	2 000	46 000	11 000
Financial Balance	−41 000	−2 000	−45 000	−9 000
Earnings Before Tax	229 000	318 000	606 000	433 000
Tax	50 000	62 000	141 000	96 000
Net Income	179 000	255 000	465 000	338 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 165 000	1 198 000	1 223 000	1 116 000
Total Current Assets	883 000	934 000	1 143 000	1 128 000
Total Assets	2 048 000	2 132 000	2 366 000	2 245 000
Total Retained Equity	1 416 000	1 387 000	1 332 000	1 217 000
Total Equity	1 446 000	1 417 000	1 362 000	1 247 000
Total Long-Term Debt	21 000	31 000	44 000	185 000
Total Current Debt	581 000	684 000	960 000	813 000
Total Equity and Debt	2 048 000	2 132 000	2 366 000	2 245 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 759 000	1 960 000	2 747 000	2 169 000
Other Income	19 000	2 000	2 000	0
Revenue	1 778 000	1 962 000	2 749 000	2 169 000
Cost of Goods Sold	18 000	19 000	78 000	291 000
Salary Costs	1 243 000	1 330 000	1 493 000	1 136 000
Depreciation	39 000	42 000	42 000	50 000
Impairment	0	0	0	0
Expenditure	1 507 000	1 642 000	2 098 000	1 727 000
Operating Profit	270 000	320 000	652 000	442 000
Financial Income	0	0	1 000	2 000
Financial Costs	41 000	2 000	46 000	11 000
Financial Balance	−41 000	−2 000	−45 000	−9 000
Dividends	150 000	200 000	350 000	300 000
Net Income	179 000	255 000	465 000	338 000

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	2 000	2 000	2 000	2 000
Fixtures	0	34 000	76 000	117 000
Total Tangible Assets	2 000	35 000	78 000	119 000
Total Fiancial Fixed Assets	1 163 000	1 163 000	1 145 000	997 000
Total Fixed Assets	1 165 000	1 198 000	1 223 000	1 116 000
Stock	767 000	767 000	767 000	767 000
Total Investments	0	0	0	0
Cash, Bank	72 000	99 000	246 000	128 000
Total Current Assets	883 000	934 000	1 143 000	1 128 000
Total Assets	2 048 000	2 132 000	2 366 000	2 245 000
Total Equity	1 446 000	1 417 000	1 362 000	1 247 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	21 000	31 000	44 000	185 000
Creditors	77 000	22 000	104 000	113 000
Unpaid Taxes	126 000	149 000	175 000	169 000
Dividends	150 000	200 000	350 000	300 000
Other Current Debt	136 000	206 000	157 000	95 000
Total Current Debt	581 000	684 000	960 000	813 000
Total Equity and Debt	2 048 000	2 132 000	2 366 000	2 245 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,38 %	18 %	34,14 %	27,11 %
Debt-to-Equity Ratio	0,01	0,02	0,03	0,15
Operating Profit Margin	15,19 %	16,31 %	23,72 %	20,38 %
Current Ratio	1,52	1,37	1,19	1,39
Quick Ratio	−4,75	−11,25	5,92	24,52
Equity Ratio	0,71	0,66	0,58	0,56
Gross Profit Margin	98,99 %	99,03 %	97,16 %	86,58 %