T. MICHALSEN TRANSPORT AS

9192 ARNØYHAMN

Finances

Share Ownership

Return on Equity

27,12 %

Current Ratio

0,27

Debt-to-Equity Ratio

−0,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	635 000	475 000	24 000	109 000
Net Income	−189 000	87 000	−183 000	−327 000
Total Assets	230 000	380 000	128 000	145 000
Total Equity	−697 000	−508 000	−596 000	−413 000

Income (NOK)	2022	2021	2020	2019
Revenue	635 000	475 000	24 000	109 000
Expenditure	824 000	387 000	206 000	346 000
Operating Profit	−189 000	88 000	−182 000	−237 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−189 000	87 000	−183 000	−237 000
Tax	0	0	0	89 000
Net Income	−189 000	87 000	−183 000	−327 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	125 000	141 000	113 000	121 000
Total Current Assets	105 000	238 000	14 000	24 000
Total Assets	230 000	380 000	128 000	145 000
Total Retained Equity	−927 000	−738 000	−826 000	−643 000
Total Equity	−697 000	−508 000	−596 000	−413 000
Total Long-Term Debt	545 000	545 000	711 000	541 000
Total Current Debt	383 000	343 000	13 000	17 000
Total Equity and Debt	230 000	380 000	128 000	145 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	485 000	475 000	24 000	109 000
Other Income	150 000	0	0	0
Revenue	635 000	475 000	24 000	109 000
Cost of Goods Sold	1 000	38 000	0	0
Salary Costs	486 000	139 000	0	80 000
Depreciation	17 000	2 000	7 000	17 000
Impairment	0	0	0	0
Expenditure	824 000	387 000	206 000	346 000
Operating Profit	−189 000	88 000	−182 000	−237 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−189 000	87 000	−183 000	−327 000

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	18 000	28 000	0	0
Fixtures	27 000	33 000	33 000	41 000
Total Tangible Assets	45 000	61 000	33 000	41 000
Total Fiancial Fixed Assets	80 000	80 000	80 000	80 000
Total Fixed Assets	125 000	141 000	113 000	121 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 000	176 000	7 000	3 000
Total Current Assets	105 000	238 000	14 000	24 000
Total Assets	230 000	380 000	128 000	145 000
Total Equity	−697 000	−508 000	−596 000	−413 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	545 000	545 000	711 000	541 000
Creditors	73 000	24 000	13 000	17 000
Unpaid Taxes	8 000	61 000	0	0
Dividends	0	0	0	0
Other Current Debt	302 000	258 000	0	0
Total Current Debt	383 000	343 000	13 000	17 000
Total Equity and Debt	230 000	380 000	128 000	145 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,12 %	−17,13 %	30,7 %	79,18 %
Debt-to-Equity Ratio	−0,78	−1,07	−1,19	−1,31
Operating Profit Margin	−29,76 %	18,53 %	−758,33 %	−217,43 %
Current Ratio	0,27	0,69	1,08	1,41
Quick Ratio	0,27	0,69	1,08	1,41
Equity Ratio	−3,03	−1,34	−4,66	−2,85
Gross Profit Margin	99,84 %	92 %	100 %	100 %