MICHAELSEN INVESTOR AS

8802 SANDNESSJØEN

Finances

Return on Equity

16,72 %

Current Ratio

0,22

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 241 000	1 061 000	547 000	313 000
Net Income	718 000	1 675 000	1 422 000	203 000
Total Assets	6 540 000	5 546 000	4 638 000	3 262 000
Total Equity	4 293 000	3 575 000	1 900 000	478 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 241 000	1 061 000	547 000	313 000
Expenditure	841 000	796 000	447 000	127 000
Operating Profit	399 000	264 000	101 000	186 000
Financial Income	589 000	1 696 000	1 602 000	164 000
Financial Costs	59 000	73 000	62 000	137 000
Financial Balance	530 000	1 623 000	1 540 000	27 000
Earnings Before Tax	929 000	1 887 000	1 641 000	214 000
Tax	211 000	212 000	219 000	11 000
Net Income	718 000	1 675 000	1 422 000	203 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 206 000	4 299 000	3 732 000	3 020 000
Total Current Assets	334 000	1 247 000	907 000	243 000
Total Assets	6 540 000	5 546 000	4 638 000	3 262 000
Total Retained Equity	4 273 000	3 555 000	1 880 000	458 000
Total Equity	4 293 000	3 575 000	1 900 000	478 000
Total Long-Term Debt	706 000	1 427 000	2 492 000	2 649 000
Total Current Debt	1 542 000	545 000	246 000	135 000
Total Equity and Debt	6 540 000	5 546 000	4 638 000	3 262 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 241 000	1 061 000	547 000	313 000
Other Income	0	0	0	0
Revenue	1 241 000	1 061 000	547 000	313 000
Cost of Goods Sold	0	0	0	0
Salary Costs	288 000	281 000	226 000	71 000
Depreciation	120 000	93 000	24 000	0
Impairment	0	0	0	0
Expenditure	841 000	796 000	447 000	127 000
Operating Profit	399 000	264 000	101 000	186 000
Financial Income	589 000	1 696 000	1 602 000	164 000
Financial Costs	59 000	73 000	62 000	137 000
Financial Balance	530 000	1 623 000	1 540 000	27 000
Dividends	0	0	0	0
Net Income	718 000	1 675 000	1 422 000	203 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	40 000	0	0
Real Eastate	1 297 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	473 000	503 000	597 000	0
Total Tangible Assets	1 770 000	503 000	597 000	0
Total Fiancial Fixed Assets	4 436 000	3 755 000	3 135 000	3 020 000
Total Fixed Assets	6 206 000	4 299 000	3 732 000	3 020 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	130 000	501 000	92 000	78 000
Total Current Assets	334 000	1 247 000	907 000	243 000
Total Assets	6 540 000	5 546 000	4 638 000	3 262 000
Total Equity	4 293 000	3 575 000	1 900 000	478 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	706 000	1 427 000	2 492 000	2 649 000
Creditors	111 000	34 000	12 000	22 000
Unpaid Taxes	63 000	252 000	4 000	47 000
Dividends	0	0	0	0
Other Current Debt	1 157 000	51 000	39 000	55 000
Total Current Debt	1 542 000	545 000	246 000	135 000
Total Equity and Debt	6 540 000	5 546 000	4 638 000	3 262 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,72 %	46,85 %	74,84 %	42,47 %
Debt-to-Equity Ratio	0,16	0,4	1,31	5,54
Operating Profit Margin	32,15 %	24,88 %	18,46 %	59,42 %
Current Ratio	0,22	2,29	3,69	1,8
Quick Ratio	0,22	2,29	3,69	1,8
Equity Ratio	0,66	0,64	0,41	0,15
Gross Profit Margin	100 %	100 %	100 %	100 %