MICHCON NORGE AS

0552 OSLO

Finances

Share Ownership

Return on Equity

193,33 %

Current Ratio

1,12

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	854 000	815 000	1 048 000	826 000
Net Income	116 000	372 000	204 000	36 000
Total Assets	389 000	490 000	632 000	0
Total Equity	60 000	66 000	28 000	66 000

Income (NOK)	2022	2021	2020	2019
Revenue	854 000	815 000	1 048 000	826 000
Expenditure	737 000	439 000	785 000	790 000
Operating Profit	116 000	376 000	262 000	36 000
Financial Income	0	0	0	0
Financial Costs	0	4 000	0	0
Financial Balance	0	−4 000	0	0
Earnings Before Tax	116 000	372 000	262 000	36 000
Tax	0	0	58 000	0
Net Income	116 000	372 000	204 000	36 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 000	26 000	32 000	0
Total Current Assets	368 000	464 000	600 000	0
Total Assets	389 000	490 000	632 000	0
Total Retained Equity	0	36 000	−2 000	36 000
Total Equity	60 000	66 000	28 000	66 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	328 000	424 000	604 000	0
Total Equity and Debt	389 000	490 000	632 000	66 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	680 000	815 000	1 048 000	826 000
Other Income	174 000	0	0	0
Revenue	854 000	815 000	1 048 000	826 000
Cost of Goods Sold	0	1 000	0	15 000
Salary Costs	710 000	407 000	754 000	660 000
Depreciation	5 000	6 000	8 000	10 000
Impairment	0	0	0	0
Expenditure	737 000	439 000	785 000	790 000
Operating Profit	116 000	376 000	262 000	36 000
Financial Income	0	0	0	0
Financial Costs	0	4 000	0	0
Financial Balance	0	−4 000	0	0
Dividends	0	0	0	36 000
Net Income	116 000	372 000	204 000	36 000

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	20 000	26 000	0	0
Fixtures	0	0	32 000	0
Total Tangible Assets	20 000	26 000	32 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	20 000	26 000	32 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	368 000	464 000	434 000	0
Total Current Assets	368 000	464 000	600 000	0
Total Assets	389 000	490 000	632 000	0
Total Equity	60 000	66 000	28 000	66 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	1 000	0
Unpaid Taxes	203 000	17 000	156 000	0
Dividends	0	0	0	36 000
Other Current Debt	125 000	61 000	390 000	0
Total Current Debt	328 000	424 000	604 000	0
Total Equity and Debt	389 000	490 000	632 000	66 000

Financial indicators	2022	2021	2020	2019
Return on Equity	193,33 %	563,64 %	728,57 %	54,55 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,58 %	46,13 %	25 %	4,36 %
Current Ratio	1,12	1,09	0,99	-
Quick Ratio	1,12	1,09	0,99	-
Equity Ratio	0,15	0,13	0,04	-
Gross Profit Margin	100 %	99,88 %	100 %	98,18 %