MIKAEL HÅNDVERKER AS

1930 AURSKOG

Finances

Share Ownership

Return on Equity

84,74 %

Current Ratio

1,29

Debt-to-Equity Ratio

2,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 494 000	2 455 000	3 968 000	2 473 000
Net Income	755 000	−40 000	91 000	75 000
Total Assets	3 178 000	712 000	510 000	410 000
Total Equity	891 000	137 000	176 000	85 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 494 000	2 455 000	3 968 000	2 473 000
Expenditure	5 458 000	2 475 000	3 842 000	2 367 000
Operating Profit	1 036 000	−19 000	126 000	106 000
Financial Income	0	0	0	0
Financial Costs	68 000	12 000	9 000	9 000
Financial Balance	−68 000	−12 000	−9 000	−9 000
Earnings Before Tax	968 000	−31 000	117 000	97 000
Tax	213 000	9 000	26 000	21 000
Net Income	755 000	−40 000	91 000	75 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 743 000	640 000	324 000	201 000
Total Current Assets	435 000	72 000	185 000	209 000
Total Assets	3 178 000	712 000	510 000	410 000
Total Retained Equity	861 000	107 000	146 000	55 000
Total Equity	891 000	137 000	176 000	85 000
Total Long-Term Debt	1 950 000	439 000	120 000	158 000
Total Current Debt	337 000	136 000	214 000	167 000
Total Equity and Debt	3 178 000	712 000	510 000	410 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 951 000	2 411 000	3 968 000	2 473 000
Other Income	543 000	45 000	0	0
Revenue	6 494 000	2 455 000	3 968 000	2 473 000
Cost of Goods Sold	2 778 000	1 432 000	2 751 000	1 095 000
Salary Costs	1 362 000	445 000	508 000	872 000
Depreciation	418 000	91 000	50 000	7 000
Impairment	0	0	0	0
Expenditure	5 458 000	2 475 000	3 842 000	2 367 000
Operating Profit	1 036 000	−19 000	126 000	106 000
Financial Income	0	0	0	0
Financial Costs	68 000	12 000	9 000	9 000
Financial Balance	−68 000	−12 000	−9 000	−9 000
Dividends	0	0	0	0
Net Income	755 000	−40 000	91 000	75 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 743 000	640 000	323 000	201 000
Total Tangible Assets	2 743 000	640 000	323 000	201 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 743 000	640 000	324 000	201 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	382 000	87 000	174 000	197 000
Total Current Assets	435 000	72 000	185 000	209 000
Total Assets	3 178 000	712 000	510 000	410 000
Total Equity	891 000	137 000	176 000	85 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 950 000	439 000	120 000	158 000
Creditors	11 000	23 000	3 000	−44 000
Unpaid Taxes	168 000	63 000	127 000	147 000
Dividends	0	0	0	0
Other Current Debt	110 000	50 000	47 000	58 000
Total Current Debt	337 000	136 000	214 000	167 000
Total Equity and Debt	3 178 000	712 000	510 000	410 000

Financial indicators	2022	2021	2020	2019
Return on Equity	84,74 %	−29,2 %	51,7 %	88,24 %
Debt-to-Equity Ratio	2,19	3,2	0,68	1,86
Operating Profit Margin	15,95 %	−0,77 %	3,18 %	4,29 %
Current Ratio	1,29	0,53	0,86	1,25
Quick Ratio	1,29	0,53	0,86	1,25
Equity Ratio	0,28	0,19	0,35	0,21
Gross Profit Margin	57,22 %	41,67 %	30,67 %	55,72 %