MIDGARD PARTNERS AS

0161 OSLO

Finances

Return on Equity

37,54 %

Current Ratio

4,57

Debt-to-Equity Ratio

1,49

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 615 000	15 382 000	8 449 000	4 807 000
Net Income	2 073 000	5 699 000	1 521 000	−746 000
Total Assets	16 709 000	18 906 000	7 409 000	2 333 000
Total Equity	5 522 000	3 449 000	−2 250 000	−3 770 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 615 000	15 382 000	8 449 000	4 807 000
Expenditure	7 807 000	8 449 000	6 923 000	5 550 000
Operating Profit	809 000	6 933 000	1 525 000	−743 000
Financial Income	2 319 000	66 000	13 000	2 000
Financial Costs	1 062 000	326 000	18 000	4 000
Financial Balance	1 257 000	−260 000	−5 000	−2 000
Earnings Before Tax	2 066 000	6 673 000	1 521 000	−746 000
Tax	−8 000	975 000	0	0
Net Income	2 073 000	5 699 000	1 521 000	−746 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 104 000	2 356 000	1 330 000	658 000
Total Current Assets	13 604 000	16 550 000	6 080 000	1 675 000
Total Assets	16 709 000	18 906 000	7 409 000	2 333 000
Total Retained Equity	5 502 000	3 429 000	−2 270 000	−3 790 000
Total Equity	5 522 000	3 449 000	−2 250 000	−3 770 000
Total Long-Term Debt	8 210 000	7 928 000	0	0
Total Current Debt	2 977 000	7 530 000	9 659 000	6 103 000
Total Equity and Debt	16 709 000	18 906 000	7 409 000	2 333 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 615 000	15 309 000	8 401 000	4 807 000
Other Income	0	73 000	48 000	0
Revenue	8 615 000	15 382 000	8 449 000	4 807 000
Cost of Goods Sold	1 829 000	3 577 000	910 000	123 000
Salary Costs	3 997 000	3 615 000	3 606 000	4 049 000
Depreciation	0	54 000	54 000	54 000
Impairment	0	0	0	0
Expenditure	7 807 000	8 449 000	6 923 000	5 550 000
Operating Profit	809 000	6 933 000	1 525 000	−743 000
Financial Income	2 319 000	66 000	13 000	2 000
Financial Costs	1 062 000	326 000	18 000	4 000
Financial Balance	1 257 000	−260 000	−5 000	−2 000
Dividends	0	0	0	0
Net Income	2 073 000	5 699 000	1 521 000	−746 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	26 000	18 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	54 000	108 000
Total Tangible Assets	0	0	54 000	108 000
Total Fiancial Fixed Assets	3 078 000	2 338 000	1 276 000	550 000
Total Fixed Assets	3 104 000	2 356 000	1 330 000	658 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 674 000	13 591 000	1 681 000	1 010 000
Total Current Assets	13 604 000	16 550 000	6 080 000	1 675 000
Total Assets	16 709 000	18 906 000	7 409 000	2 333 000
Total Equity	5 522 000	3 449 000	−2 250 000	−3 770 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 210 000	7 928 000	0	0
Creditors	288 000	1 998 000	158 000	147 000
Unpaid Taxes	640 000	2 803 000	203 000	407 000
Dividends	0	0	0	0
Other Current Debt	2 049 000	1 736 000	9 298 000	5 549 000
Total Current Debt	2 977 000	7 530 000	9 659 000	6 103 000
Total Equity and Debt	16 709 000	18 906 000	7 409 000	2 333 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,54 %	165,24 %	−67,6 %	19,79 %
Debt-to-Equity Ratio	1,49	2,3	−0	−0
Operating Profit Margin	9,39 %	45,07 %	18,05 %	−15,46 %
Current Ratio	4,57	2,2	0,63	0,27
Quick Ratio	4,57	2,2	0,63	0,27
Equity Ratio	0,33	0,18	−0,3	−1,62
Gross Profit Margin	78,77 %	76,75 %	89,23 %	97,44 %