MIDGARD MARINE AS

4250 KOPERVIK

Finances

Share Ownership

Return on Equity

−24,92 %

Current Ratio

0,5

Debt-to-Equity Ratio

0,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 195 000	2 914 000	784 000	1 712 000
Net Income	−405 000	913 000	−492 000	540 000
Total Assets	3 670 000	7 117 000	5 277 000	3 081 000
Total Equity	1 625 000	2 030 000	1 117 000	1 609 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 195 000	2 914 000	784 000	1 712 000
Expenditure	1 664 000	1 615 000	1 376 000	1 017 000
Operating Profit	−469 000	1 298 000	−592 000	696 000
Financial Income	0	0	0	1 000
Financial Costs	50 000	132 000	33 000	0
Financial Balance	−50 000	−132 000	−33 000	1 000
Earnings Before Tax	−519 000	1 167 000	−625 000	696 000
Tax	−114 000	254 000	−133 000	156 000
Net Income	−405 000	913 000	−492 000	540 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 986 000	1 913 000	4 676 000	2 291 000
Total Current Assets	684 000	5 204 000	601 000	790 000
Total Assets	3 670 000	7 117 000	5 277 000	3 081 000
Total Retained Equity	1 525 000	1 930 000	1 017 000	1 509 000
Total Equity	1 625 000	2 030 000	1 117 000	1 609 000
Total Long-Term Debt	669 000	2 975 000	3 016 000	199 000
Total Current Debt	1 375 000	2 111 000	1 143 000	1 273 000
Total Equity and Debt	3 670 000	7 117 000	5 277 000	3 081 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 195 000	1 202 000	784 000	1 712 000
Other Income	0	1 712 000	0	0
Revenue	1 195 000	2 914 000	784 000	1 712 000
Cost of Goods Sold	124 000	98 000	185 000	257 000
Salary Costs	66 000	89 000	50 000	187 000
Depreciation	435 000	208 000	436 000	198 000
Impairment	0	0	0	0
Expenditure	1 664 000	1 615 000	1 376 000	1 017 000
Operating Profit	−469 000	1 298 000	−592 000	696 000
Financial Income	0	0	0	1 000
Financial Costs	50 000	132 000	33 000	0
Financial Balance	−50 000	−132 000	−33 000	1 000
Dividends	0	0	0	0
Net Income	−405 000	913 000	−492 000	540 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	2 291 000
Fixtures	2 986 000	1 913 000	4 676 000	0
Total Tangible Assets	2 986 000	1 913 000	4 676 000	2 291 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 986 000	1 913 000	4 676 000	2 291 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	191 000	154 000	105 000	690 000
Total Current Assets	684 000	5 204 000	601 000	790 000
Total Assets	3 670 000	7 117 000	5 277 000	3 081 000
Total Equity	1 625 000	2 030 000	1 117 000	1 609 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	669 000	2 975 000	3 016 000	199 000
Creditors	59 000	196 000	159 000	13 000
Unpaid Taxes	30 000	79 000	1 000	72 000
Dividends	0	0	0	0
Other Current Debt	1 286 000	1 837 000	983 000	1 037 000
Total Current Debt	1 375 000	2 111 000	1 143 000	1 273 000
Total Equity and Debt	3 670 000	7 117 000	5 277 000	3 081 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−24,92 %	44,98 %	−44,05 %	33,56 %
Debt-to-Equity Ratio	0,41	1,47	2,7	0,12
Operating Profit Margin	−39,25 %	44,54 %	−75,51 %	40,65 %
Current Ratio	0,5	2,47	0,53	0,62
Quick Ratio	0,5	2,47	0,53	0,62
Equity Ratio	0,44	0,29	0,21	0,52
Gross Profit Margin	89,62 %	96,64 %	76,4 %	84,99 %