MIDT-NORSK SOLCELLE AS

7633 FROSTA

Finances

Share Ownership

Return on Equity

−14 %

Current Ratio

1,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	674 000	760 000	375 000	714 000
Net Income	−14 000	81 000	−46 000	53 000
Total Assets	337 000	361 000	200 000	283 000
Total Equity	100 000	195 000	114 000	159 000

Income (NOK)	2022	2021	2020	2019
Revenue	674 000	760 000	375 000	714 000
Expenditure	689 000	656 000	433 000	647 000
Operating Profit	−14 000	104 000	−59 000	68 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−14 000	104 000	−59 000	67 000
Tax	0	23 000	−13 000	15 000
Net Income	−14 000	81 000	−46 000	53 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	337 000	361 000	200 000	283 000
Total Assets	337 000	361 000	200 000	283 000
Total Retained Equity	70 000	165 000	89 000	135 000
Total Equity	100 000	195 000	114 000	159 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	237 000	166 000	86 000	124 000
Total Equity and Debt	337 000	361 000	200 000	283 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	674 000	726 000	375 000	714 000
Other Income	0	35 000	0	0
Revenue	674 000	760 000	375 000	714 000
Cost of Goods Sold	565 000	609 000	395 000	609 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	689 000	656 000	433 000	647 000
Operating Profit	−14 000	104 000	−59 000	68 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	80 000	0	0	0
Net Income	−14 000	81 000	−46 000	53 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	75 000	153 000	89 000	220 000
Total Investments	0	0	0	0
Cash, Bank	214 000	162 000	80 000	29 000
Total Current Assets	337 000	361 000	200 000	283 000
Total Assets	337 000	361 000	200 000	283 000
Total Equity	100 000	195 000	114 000	159 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	67 000	83 000	78 000	143 000
Unpaid Taxes	0	5 000	8 000	−34 000
Dividends	80 000	0	0	0
Other Current Debt	89 000	56 000	0	0
Total Current Debt	237 000	166 000	86 000	124 000
Total Equity and Debt	337 000	361 000	200 000	283 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14 %	41,54 %	−40,35 %	33,33 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2,08 %	13,68 %	−15,73 %	9,52 %
Current Ratio	1,42	2,17	2,33	2,28
Quick Ratio	2,08	27,77	−66,67	−2,95
Equity Ratio	0,3	0,54	0,57	0,56
Gross Profit Margin	16,17 %	19,87 %	−5,33 %	14,71 %