MIDT-TELEMARK VED ETC. AS

3825 LUNDE

Finances

Share Ownership

Return on Equity

34,78 %

Current Ratio

3,01

Debt-to-Equity Ratio

0,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 025 000	508 000	570 000	468 000
Net Income	257 000	82 000	101 000	63 000
Total Assets	1 288 000	963 000	948 000	458 000
Total Equity	739 000	482 000	401 000	300 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 025 000	508 000	570 000	468 000
Expenditure	680 000	393 000	431 000	379 000
Operating Profit	346 000	116 000	139 000	89 000
Financial Income	0	0	0	0
Financial Costs	17 000	11 000	8 000	8 000
Financial Balance	−17 000	−11 000	−8 000	−8 000
Earnings Before Tax	329 000	105 000	131 000	81 000
Tax	72 000	23 000	30 000	18 000
Net Income	257 000	82 000	101 000	63 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	306 000	252 000	345 000	167 000
Total Current Assets	982 000	711 000	603 000	290 000
Total Assets	1 288 000	963 000	948 000	458 000
Total Retained Equity	709 000	452 000	371 000	270 000
Total Equity	739 000	482 000	401 000	300 000
Total Long-Term Debt	222 000	187 000	266 000	86 000
Total Current Debt	326 000	294 000	281 000	71 000
Total Equity and Debt	1 288 000	963 000	948 000	458 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 005 000	508 000	570 000	467 000
Other Income	20 000	0	0	1 000
Revenue	1 025 000	508 000	570 000	468 000
Cost of Goods Sold	340 000	128 000	223 000	145 000
Salary Costs	51 000	13 000	0	0
Depreciation	100 000	95 000	63 000	42 000
Impairment	0	0	0	0
Expenditure	680 000	393 000	431 000	379 000
Operating Profit	346 000	116 000	139 000	89 000
Financial Income	0	0	0	0
Financial Costs	17 000	11 000	8 000	8 000
Financial Balance	−17 000	−11 000	−8 000	−8 000
Dividends	0	0	0	0
Net Income	257 000	82 000	101 000	63 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 000	2 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	304 000	0	0	0
Fixtures	0	250 000	345 000	167 000
Total Tangible Assets	304 000	250 000	345 000	167 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	306 000	252 000	345 000	167 000
Stock	548 000	162 000	93 000	164 000
Total Investments	0	0	0	0
Cash, Bank	374 000	525 000	457 000	306 000
Total Current Assets	982 000	711 000	603 000	290 000
Total Assets	1 288 000	963 000	948 000	458 000
Total Equity	739 000	482 000	401 000	300 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	222 000	187 000	266 000	86 000
Creditors	13 000	0	22 000	2 000
Unpaid Taxes	36 000	59 000	26 000	39 000
Dividends	0	0	0	0
Other Current Debt	205 000	204 000	208 000	10 000
Total Current Debt	326 000	294 000	281 000	71 000
Total Equity and Debt	1 288 000	963 000	948 000	458 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,78 %	17,01 %	25,19 %	21 %
Debt-to-Equity Ratio	0,3	0,39	0,66	0,29
Operating Profit Margin	33,76 %	22,83 %	24,39 %	19,02 %
Current Ratio	3,01	2,42	2,15	4,08
Quick Ratio	−4,42	5,39	3,21	−3,12
Equity Ratio	0,57	0,5	0,42	0,66
Gross Profit Margin	66,83 %	74,8 %	60,88 %	69,02 %