MICHELSEN EIENDOM AS

3231 SANDEFJORD

Finances

Share Ownership

Return on Equity

−0,27 %

Current Ratio

0,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	60 000	120 000	120 000	120 000
Net Income	−1 000	42 000	50 000	50 000
Total Assets	1 475 000	1 763 000	1 716 000	1 657 000
Total Equity	365 000	366 000	325 000	275 000

Income (NOK)	2022	2021	2020	2019
Revenue	60 000	120 000	120 000	120 000
Expenditure	60 000	65 000	55 000	55 000
Operating Profit	0	54 000	65 000	64 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	0	54 000	65 000	64 000
Tax	1 000	13 000	15 000	15 000
Net Income	−1 000	42 000	50 000	50 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 235 000	1 264 000	1 293 000	1 323 000
Total Current Assets	240 000	499 000	423 000	334 000
Total Assets	1 475 000	1 763 000	1 716 000	1 657 000
Total Retained Equity	323 000	324 000	283 000	233 000
Total Equity	365 000	366 000	325 000	275 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 110 000	1 396 000	1 391 000	1 382 000
Total Equity and Debt	1 475 000	1 763 000	1 716 000	1 657 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	60 000	120 000	120 000	120 000
Revenue	60 000	120 000	120 000	120 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	29 000	29 000	29 000	29 000
Impairment	0	0	0	0
Expenditure	60 000	65 000	55 000	55 000
Operating Profit	0	54 000	65 000	64 000
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	−1 000	42 000	50 000	50 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 235 000	1 264 000	1 293 000	1 323 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 235 000	1 264 000	1 293 000	1 323 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 235 000	1 264 000	1 293 000	1 323 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	236 000	495 000	419 000	211 000
Total Current Assets	240 000	499 000	423 000	334 000
Total Assets	1 475 000	1 763 000	1 716 000	1 657 000
Total Equity	365 000	366 000	325 000	275 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	1 000	1 000	1 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 109 000	1 382 000	1 375 000	1 367 000
Total Current Debt	1 110 000	1 396 000	1 391 000	1 382 000
Total Equity and Debt	1 475 000	1 763 000	1 716 000	1 657 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,27 %	11,48 %	15,38 %	18,18 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0 %	45 %	54,17 %	53,33 %
Current Ratio	0,22	0,36	0,3	0,24
Quick Ratio	0,22	0,36	0,3	0,24
Equity Ratio	0,25	0,21	0,19	0,17
Gross Profit Margin	100 %	100 %	100 %	100 %