MIDT TELEMARK ELEKTRO AS

3810 GVARV

Finances

Share Ownership

Return on Equity

185,31 %

Current Ratio

1,03

Debt-to-Equity Ratio

0,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 302 000	18 717 000	16 702 000	10 908 000
Net Income	1 186 000	1 315 000	609 000	88 000
Total Assets	7 912 000	6 123 000	5 492 000	3 000 000
Total Equity	640 000	640 000	625 000	625 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 302 000	18 717 000	16 702 000	10 908 000
Expenditure	25 771 000	17 020 000	15 917 000	10 797 000
Operating Profit	1 532 000	1 697 000	784 000	111 000
Financial Income	24 000	15 000	7 000	5 000
Financial Costs	25 000	8 000	9 000	3 000
Financial Balance	−1 000	7 000	−2 000	2 000
Earnings Before Tax	1 531 000	1 705 000	781 000	113 000
Tax	345 000	390 000	172 000	25 000
Net Income	1 186 000	1 315 000	609 000	88 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	846 000	289 000	168 000	104 000
Total Current Assets	7 065 000	5 834 000	5 323 000	2 897 000
Total Assets	7 912 000	6 123 000	5 492 000	3 000 000
Total Retained Equity	40 000	40 000	25 000	25 000
Total Equity	640 000	640 000	625 000	625 000
Total Long-Term Debt	404 000	0	11 000	8 000
Total Current Debt	6 867 000	5 482 000	4 855 000	2 367 000
Total Equity and Debt	7 912 000	6 123 000	5 492 000	3 000 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 302 000	18 717 000	16 591 000	10 908 000
Other Income	0	0	111 000	1 000
Revenue	27 302 000	18 717 000	16 702 000	10 908 000
Cost of Goods Sold	15 564 000	9 498 000	7 992 000	3 848 000
Salary Costs	7 180 000	4 839 000	5 627 000	4 770 000
Depreciation	102 000	45 000	24 000	5 000
Impairment	0	0	0	0
Expenditure	25 771 000	17 020 000	15 917 000	10 797 000
Operating Profit	1 532 000	1 697 000	784 000	111 000
Financial Income	24 000	15 000	7 000	5 000
Financial Costs	25 000	8 000	9 000	3 000
Financial Balance	−1 000	7 000	−2 000	2 000
Dividends	0	0	0	0
Net Income	1 186 000	1 315 000	609 000	88 000

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	846 000	289 000	168 000	104 000
Total Tangible Assets	846 000	289 000	168 000	104 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	846 000	289 000	168 000	104 000
Stock	337 000	431 000	601 000	633 000
Total Investments	0	0	0	0
Cash, Bank	867 000	1 412 000	2 372 000	1 047 000
Total Current Assets	7 065 000	5 834 000	5 323 000	2 897 000
Total Assets	7 912 000	6 123 000	5 492 000	3 000 000
Total Equity	640 000	640 000	625 000	625 000
Short-Term Group Debt	1 839 000	1 753 000	778 000	0
Total Long-Term Debt	404 000	0	11 000	8 000
Creditors	2 733 000	1 643 000	2 199 000	1 106 000
Unpaid Taxes	819 000	657 000	856 000	470 000
Dividends	0	0	0	0
Other Current Debt	1 356 000	1 029 000	1 023 000	790 000
Total Current Debt	6 867 000	5 482 000	4 855 000	2 367 000
Total Equity and Debt	7 912 000	6 123 000	5 492 000	3 000 000

Financial indicators	2022	2021	2020	2019
Return on Equity	185,31 %	205,47 %	97,44 %	14,08 %
Debt-to-Equity Ratio	0,63	0	0,02	0,01
Operating Profit Margin	5,61 %	9,07 %	4,69 %	1,02 %
Current Ratio	1,03	1,06	1,1	1,22
Quick Ratio	1,08	1,16	1,25	1,67
Equity Ratio	0,08	0,1	0,11	0,21
Gross Profit Margin	42,99 %	49,25 %	52,15 %	64,72 %