MIDGARD VIND AS

7031 TRONDHEIM

Finances

Share Ownership

Return on Equity

9,15 %

Current Ratio

2,18

Debt-to-Equity Ratio

0,05

Key figures (EUR)	2022	2021	2020	2019
Revenue	9 306 000	7 848 000	2 890 000	8 851 000
Net Income	2 720 000	1 030 000	−1 845 000	4 172 000
Total Assets	37 673 000	33 562 000	31 845 000	37 206 000
Total Equity	29 726 000	30 765 000	29 935 000	31 780 000

Income (EUR)	2022	2021	2020	2019
Revenue	9 306 000	7 848 000	2 890 000	8 851 000
Expenditure	6 175 000	5 899 000	5 372 000	3 518 000
Operating Profit	3 131 000	1 949 000	−2 482 000	5 333 000
Financial Income	470 000	0	220 000	11 000
Financial Costs	0	721 000	0	0
Financial Balance	470 000	−721 000	220 000	11 000
Earnings Before Tax	3 601 000	1 228 000	−2 262 000	5 344 000
Tax	881 000	198 000	−417 000	1 172 000
Net Income	2 720 000	1 030 000	−1 845 000	4 172 000

Balance (EUR)	2022	2021	2020	2019
Total Fixed Assets	23 315 000	25 290 000	27 260 000	29 234 000
Total Current Assets	14 358 000	8 272 000	4 585 000	7 972 000
Total Assets	37 673 000	33 562 000	31 845 000	37 206 000
Total Retained Equity	27 462 000	28 501 000	27 671 000	29 516 000
Total Equity	29 726 000	30 765 000	29 935 000	31 780 000
Total Long-Term Debt	1 350 000	1 529 000	1 388 000	1 805 000
Total Current Debt	6 597 000	1 268 000	523 000	3 622 000
Total Equity and Debt	37 673 000	33 562 000	31 846 000	37 207 000

Cash flow (EUR)	2022	2021	2020	2019
Sales Income	9 231 000	7 814 000	2 774 000	8 850 000
Other Income	75 000	34 000	116 000	1 000
Revenue	9 306 000	7 848 000	2 890 000	8 851 000
Cost of Goods Sold	906 000	875 000	566 000	896 000
Salary Costs	0	0	0	0
Depreciation	1 975 000	1 974 000	1 974 000	−560 000
Impairment	0	0	0	0
Expenditure	6 175 000	5 899 000	5 372 000	3 518 000
Operating Profit	3 131 000	1 949 000	−2 482 000	5 333 000
Financial Income	470 000	0	220 000	11 000
Financial Costs	0	721 000	0	0
Financial Balance	470 000	−721 000	220 000	11 000
Dividends	0	0	0	0
Net Income	2 720 000	1 030 000	−1 845 000	4 172 000

Balance details (EUR)	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	23 312 000	25 286 000	27 260 000	29 234 000
Fixtures	3 000	4 000	0	0
Total Tangible Assets	23 315 000	25 290 000	27 260 000	29 234 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	23 315 000	25 290 000	27 260 000	29 234 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	14 358 000	8 272 000	4 585 000	7 972 000
Total Assets	37 673 000	33 562 000	31 845 000	37 206 000
Total Equity	29 726 000	30 765 000	29 935 000	31 780 000
Short-Term Group Debt	4 818 000	257 000	0	3 015 000
Total Long-Term Debt	1 350 000	1 529 000	1 388 000	1 805 000
Creditors	253 000	372 000	374 000	67 000
Unpaid Taxes	1 236 000	431 000	0	317 000
Dividends	0	0	0	0
Other Current Debt	290 000	208 000	149 000	223 000
Total Current Debt	6 597 000	1 268 000	523 000	3 622 000
Total Equity and Debt	37 673 000	33 562 000	31 846 000	37 207 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,15 %	3,35 %	−6,16 %	13,13 %
Debt-to-Equity Ratio	0,05	0,05	0,05	0,06
Operating Profit Margin	33,64 %	24,83 %	−85,88 %	60,25 %
Current Ratio	2,18	6,52	8,77	2,2
Quick Ratio	2,18	6,52	8,77	2,2
Equity Ratio	0,79	0,92	0,94	0,85
Gross Profit Margin	90,26 %	88,85 %	80,42 %	89,88 %