MIDSUMMER AS

4014 STAVANGER

Finances

Return on Equity

−14,71 %

Current Ratio

1,56

Debt-to-Equity Ratio

2,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 553 000	1 790 000	1 641 000	1 286 000
Net Income	−15 000	−332 000	59 000	−64 000
Total Assets	524 000	549 000	647 000	494 000
Total Equity	102 000	116 000	449 000	390 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 553 000	1 790 000	1 641 000	1 286 000
Expenditure	1 569 000	2 117 000	1 564 000	1 363 000
Operating Profit	−7 000	−328 000	77 000	−78 000
Financial Income	3 000	1 000	2 000	0
Financial Costs	11 000	4 000	4 000	4 000
Financial Balance	−8 000	−3 000	−2 000	−4 000
Earnings Before Tax	−15 000	−331 000	76 000	−81 000
Tax	0	1 000	17 000	−18 000
Net Income	−15 000	−332 000	59 000	−64 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	247 000	235 000	196 000	135 000
Total Current Assets	277 000	314 000	451 000	359 000
Total Assets	524 000	549 000	647 000	494 000
Total Retained Equity	−328 000	−314 000	19 000	−40 000
Total Equity	102 000	116 000	449 000	390 000
Total Long-Term Debt	246 000	0	0	2 000
Total Current Debt	177 000	433 000	198 000	102 000
Total Equity and Debt	524 000	549 000	647 000	494 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 537 000	1 654 000	1 634 000	1 165 000
Other Income	15 000	136 000	6 000	120 000
Revenue	1 553 000	1 790 000	1 641 000	1 286 000
Cost of Goods Sold	347 000	230 000	798 000	468 000
Salary Costs	587 000	998 000	242 000	406 000
Depreciation	78 000	62 000	36 000	15 000
Impairment	0	0	0	0
Expenditure	1 569 000	2 117 000	1 564 000	1 363 000
Operating Profit	−7 000	−328 000	77 000	−78 000
Financial Income	3 000	1 000	2 000	0
Financial Costs	11 000	4 000	4 000	4 000
Financial Balance	−8 000	−3 000	−2 000	−4 000
Dividends	0	0	0	0
Net Income	−15 000	−332 000	59 000	−64 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 000	18 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	186 000	200 000	144 000	52 000
Fixtures	52 000	36 000	50 000	65 000
Total Tangible Assets	237 000	235 000	195 000	117 000
Total Fiancial Fixed Assets	10 000	0	0	0
Total Fixed Assets	247 000	235 000	196 000	135 000
Stock	150 000	140 000	148 000	188 000
Total Investments	0	0	0	0
Cash, Bank	43 000	183 000	298 000	163 000
Total Current Assets	277 000	314 000	451 000	359 000
Total Assets	524 000	549 000	647 000	494 000
Total Equity	102 000	116 000	449 000	390 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	246 000	0	0	2 000
Creditors	35 000	48 000	111 000	21 000
Unpaid Taxes	67 000	281 000	62 000	34 000
Dividends	0	0	0	0
Other Current Debt	74 000	105 000	25 000	47 000
Total Current Debt	177 000	433 000	198 000	102 000
Total Equity and Debt	524 000	549 000	647 000	494 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,71 %	−286,21 %	13,14 %	−16,41 %
Debt-to-Equity Ratio	2,41	0	0	0,01
Operating Profit Margin	−0,45 %	−18,32 %	4,69 %	−6,07 %
Current Ratio	1,56	0,73	2,28	3,52
Quick Ratio	10,26	1,07	9,02	−4,17
Equity Ratio	0,19	0,21	0,69	0,79
Gross Profit Margin	77,66 %	87,15 %	51,37 %	63,61 %