MIDT-NORSK OLJE AS

6652 SURNADAL

Finances

Return on Equity

12,47 %

Current Ratio

2,06

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2021	2020	2019	2018
Revenue	416 677 000	319 933 000	377 959 000	380 628 000
Net Income	2 316 000	120 000	1 665 000	2 545 000
Total Assets	24 930 000	12 658 000	12 415 000	14 578 000
Total Equity	18 569 000	5 691 000	5 571 000	4 406 000

Income (NOK)	2021	2020	2019	2018
Revenue	416 677 000	319 933 000	377 959 000	380 628 000
Expenditure	413 645 000	319 687 000	375 702 000	377 199 000
Operating Profit	3 032 000	247 000	2 258 000	3 430 000
Financial Income	0	12 000	18 000	13 000
Financial Costs	63 000	105 000	142 000	164 000
Financial Balance	−63 000	−93 000	−124 000	−151 000
Earnings Before Tax	2 970 000	155 000	2 135 000	3 279 000
Tax	653 000	34 000	470 000	734 000
Net Income	2 316 000	120 000	1 665 000	2 545 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	14 998 000	3 731 000	3 331 000	4 249 000
Total Current Assets	9 932 000	8 927 000	9 084 000	10 329 000
Total Assets	24 930 000	12 658 000	12 415 000	14 578 000
Total Retained Equity	7 707 000	5 391 000	5 271 000	4 106 000
Total Equity	18 569 000	5 691 000	5 571 000	4 406 000
Total Long-Term Debt	1 547 000	2 065 000	2 919 000	3 854 000
Total Current Debt	4 814 000	4 903 000	3 925 000	6 318 000
Total Equity and Debt	24 930 000	12 658 000	12 415 000	14 578 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	414 236 000	319 152 000	377 752 000	379 833 000
Other Income	2 442 000	781 000	207 000	796 000
Revenue	416 677 000	319 933 000	377 959 000	380 628 000
Cost of Goods Sold	384 888 000	295 001 000	352 287 000	354 944 000
Salary Costs	12 485 000	10 356 000	9 314 000	8 979 000
Depreciation	935 000	707 000	579 000	429 000
Impairment	0	0	0	0
Expenditure	413 645 000	319 687 000	375 702 000	377 199 000
Operating Profit	3 032 000	247 000	2 258 000	3 430 000
Financial Income	0	12 000	18 000	13 000
Financial Costs	63 000	105 000	142 000	164 000
Financial Balance	−63 000	−93 000	−124 000	−151 000
Dividends	0	0	0	1 699 000
Net Income	2 316 000	120 000	1 665 000	2 545 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	46 000	58 000	0	0
Real Eastate	77 000	77 000	77 000	0
Machinery and Plant Facilities	3 222 000	2 932 000	2 682 000	1 954 000
Fixtures	1 069 000	471 000	471 000	446 000
Total Tangible Assets	4 368 000	3 481 000	3 231 000	2 400 000
Total Fiancial Fixed Assets	10 584 000	192 000	100 000	1 849 000
Total Fixed Assets	14 998 000	3 731 000	3 331 000	4 249 000
Stock	2 108 000	1 399 000	2 204 000	1 037 000
Total Investments	0	0	0	0
Cash, Bank	3 069 000	3 065 000	4 580 000	6 757 000
Total Current Assets	9 932 000	8 927 000	9 084 000	10 329 000
Total Assets	24 930 000	12 658 000	12 415 000	14 578 000
Total Equity	18 569 000	5 691 000	5 571 000	4 406 000
Short-Term Group Debt	504 000	523 000	140 000	70 000
Total Long-Term Debt	1 547 000	2 065 000	2 919 000	3 854 000
Creditors	854 000	2 426 000	1 523 000	1 558 000
Unpaid Taxes	1 345 000	854 000	781 000	1 193 000
Dividends	0	0	0	1 699 000
Other Current Debt	1 774 000	1 045 000	909 000	1 116 000
Total Current Debt	4 814 000	4 903 000	3 925 000	6 318 000
Total Equity and Debt	24 930 000	12 658 000	12 415 000	14 578 000

Financial indicators	2021	2020	2019	2018
Return on Equity	12,47 %	2,11 %	29,89 %	57,76 %
Debt-to-Equity Ratio	0,08	0,36	0,52	0,87
Operating Profit Margin	0,73 %	0,08 %	0,6 %	0,9 %
Current Ratio	2,06	1,82	2,31	1,63
Quick Ratio	3,67	2,55	5,28	1,96
Equity Ratio	0,74	0,45	0,45	0,3
Gross Profit Margin	7,63 %	7,79 %	6,79 %	6,75 %