MIDTECH AS

3948 PORSGRUNN

Finances

Share Ownership

Return on Equity

95,09 %

Current Ratio

1,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 051 000	14 254 000	9 349 000	8 393 000
Net Income	581 000	1 761 000	577 000	1 870 000
Total Assets	3 479 000	7 077 000	2 836 000	4 486 000
Total Equity	611 000	30 000	1 564 000	987 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 051 000	14 254 000	9 349 000	8 393 000
Expenditure	4 346 000	11 815 000	8 418 000	5 965 000
Operating Profit	705 000	2 440 000	932 000	2 428 000
Financial Income	2 000	6 000	23 000	2 000
Financial Costs	6 000	23 000	76 000	33 000
Financial Balance	−4 000	−17 000	−53 000	−31 000
Earnings Before Tax	701 000	2 422 000	879 000	2 397 000
Tax	121 000	661 000	302 000	527 000
Net Income	581 000	1 761 000	577 000	1 870 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	220 000	0	0	0
Total Current Assets	3 259 000	7 077 000	2 836 000	4 486 000
Total Assets	3 479 000	7 077 000	2 836 000	4 486 000
Total Retained Equity	581 000	0	1 335 000	758 000
Total Equity	611 000	30 000	1 564 000	987 000
Total Long-Term Debt	0	0	0	9 000
Total Current Debt	2 868 000	7 047 000	1 272 000	3 490 000
Total Equity and Debt	3 479 000	7 077 000	2 836 000	4 486 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 051 000	14 254 000	9 349 000	8 381 000
Other Income	0	0	0	12 000
Revenue	5 051 000	14 254 000	9 349 000	8 393 000
Cost of Goods Sold	1 828 000	7 901 000	5 275 000	3 705 000
Salary Costs	1 205 000	2 631 000	1 702 000	1 184 000
Depreciation	49 000	0	0	0
Impairment	0	0	0	0
Expenditure	4 346 000	11 815 000	8 418 000	5 965 000
Operating Profit	705 000	2 440 000	932 000	2 428 000
Financial Income	2 000	6 000	23 000	2 000
Financial Costs	6 000	23 000	76 000	33 000
Financial Balance	−4 000	−17 000	−53 000	−31 000
Dividends	0	3 295 000	0	1 500 000
Net Income	581 000	1 761 000	577 000	1 870 000

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	0
Fixtures	220 000	0	0	0
Total Tangible Assets	220 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	220 000	0	0	0
Stock	2 453 000	983 000	353 000	1 206 000
Total Investments	0	0	0	0
Cash, Bank	363 000	4 706 000	1 917 000	1 139 000
Total Current Assets	3 259 000	7 077 000	2 836 000	4 486 000
Total Assets	3 479 000	7 077 000	2 836 000	4 486 000
Total Equity	611 000	30 000	1 564 000	987 000
Short-Term Group Debt	1 251 000	458 000	439 000	313 000
Total Long-Term Debt	0	0	0	9 000
Creditors	980 000	1 858 000	328 000	1 251 000
Unpaid Taxes	−212 000	520 000	−1 000	−272 000
Dividends	0	3 295 000	0	1 500 000
Other Current Debt	729 000	254 000	195 000	178 000
Total Current Debt	2 868 000	7 047 000	1 272 000	3 490 000
Total Equity and Debt	3 479 000	7 077 000	2 836 000	4 486 000

Financial indicators	2022	2021	2020	2019
Return on Equity	95,09 %	5 870 %	36,89 %	189,46 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	13,96 %	17,12 %	9,97 %	28,93 %
Current Ratio	1,14	1	2,23	1,29
Quick Ratio	7,85	1,17	3,09	1,96
Equity Ratio	0,18	0	0,55	0,22
Gross Profit Margin	63,81 %	44,57 %	43,58 %	55,86 %