MIVANOR AS

4323 SANDNES

Finances

Share Ownership

Return on Equity

62,2 %

Current Ratio

2,21

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 350 000	13 113 000	8 607 000	17 757 000
Net Income	4 730 000	253 000	−1 876 000	−880 000
Total Assets	15 841 000	7 926 000	7 677 000	12 629 000
Total Equity	7 604 000	4 766 000	4 512 000	2 388 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 350 000	13 113 000	8 607 000	17 757 000
Expenditure	16 231 000	12 796 000	10 979 000	18 886 000
Operating Profit	6 120 000	317 000	−2 372 000	−1 129 000
Financial Income	51 000	35 000	26 000	11 000
Financial Costs	106 000	26 000	54 000	9 000
Financial Balance	−55 000	9 000	−28 000	2 000
Earnings Before Tax	6 064 000	326 000	−2 400 000	−1 127 000
Tax	1 334 000	73 000	−525 000	−247 000
Net Income	4 730 000	253 000	−1 876 000	−880 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 000	296 000	411 000	132 000
Total Current Assets	15 832 000	7 630 000	7 266 000	12 497 000
Total Assets	15 841 000	7 926 000	7 677 000	12 629 000
Total Retained Equity	3 091 000	253 000	0	474 000
Total Equity	7 604 000	4 766 000	4 512 000	2 388 000
Total Long-Term Debt	1 071 000	0	0	189 000
Total Current Debt	7 166 000	3 160 000	3 165 000	10 053 000
Total Equity and Debt	15 841 000	7 926 000	7 677 000	12 629 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 350 000	13 113 000	8 607 000	17 757 000
Other Income	0	0	0	0
Revenue	22 350 000	13 113 000	8 607 000	17 757 000
Cost of Goods Sold	11 943 000	7 475 000	4 511 000	10 862 000
Salary Costs	2 919 000	3 944 000	4 400 000	4 812 000
Depreciation	24 000	42 000	57 000	68 000
Impairment	0	0	0	0
Expenditure	16 231 000	12 796 000	10 979 000	18 886 000
Operating Profit	6 120 000	317 000	−2 372 000	−1 129 000
Financial Income	51 000	35 000	26 000	11 000
Financial Costs	106 000	26 000	54 000	9 000
Financial Balance	−55 000	9 000	−28 000	2 000
Dividends	1 892 000	0	0	0
Net Income	4 730 000	253 000	−1 876 000	−880 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	263 000	336 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	9 000	33 000	75 000	130 000
Total Tangible Assets	9 000	33 000	75 000	130 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	9 000	296 000	411 000	132 000
Stock	1 341 000	1 766 000	2 524 000	2 731 000
Total Investments	0	0	0	0
Cash, Bank	11 071 000	4 735 000	3 526 000	4 146 000
Total Current Assets	15 832 000	7 630 000	7 266 000	12 497 000
Total Assets	15 841 000	7 926 000	7 677 000	12 629 000
Total Equity	7 604 000	4 766 000	4 512 000	2 388 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 071 000	0	0	189 000
Creditors	840 000	634 000	162 000	3 544 000
Unpaid Taxes	1 145 000	623 000	730 000	856 000
Dividends	1 892 000	0	0	0
Other Current Debt	3 290 000	1 903 000	2 273 000	5 653 000
Total Current Debt	7 166 000	3 160 000	3 165 000	10 053 000
Total Equity and Debt	15 841 000	7 926 000	7 677 000	12 629 000

Financial indicators	2022	2021	2020	2019
Return on Equity	62,2 %	5,31 %	−41,58 %	−36,85 %
Debt-to-Equity Ratio	0,14	0	0	0,08
Operating Profit Margin	27,38 %	2,42 %	−27,56 %	−6,36 %
Current Ratio	2,21	2,41	2,3	1,24
Quick Ratio	2,72	5,47	11,34	1,71
Equity Ratio	0,48	0,6	0,59	0,19
Gross Profit Margin	46,56 %	43 %	47,59 %	38,83 %