MIDT TEKNISK AS

7650 VERDAL

Finances

Share Ownership

Return on Equity

38,33 %

Current Ratio

3,68

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 567 000	19 742 000	18 220 000	0
Net Income	4 354 000	1 999 000	2 931 000	−1 000
Total Assets	16 079 000	11 264 000	10 754 000	100 000
Total Equity	11 360 000	7 006 000	5 007 000	86 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 567 000	19 742 000	18 220 000	0
Expenditure	7 991 000	17 181 000	14 463 000	1 000
Operating Profit	5 576 000	2 561 000	3 756 000	−1 000
Financial Income	7 000	3 000	3 000	0
Financial Costs	2 000	1 000	1 000	0
Financial Balance	5 000	2 000	2 000	0
Earnings Before Tax	5 582 000	2 563 000	3 758 000	−1 000
Tax	1 228 000	564 000	827 000	0
Net Income	4 354 000	1 999 000	2 931 000	−1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	782 000	2 495 000	3 217 000	0
Total Current Assets	15 297 000	8 769 000	7 537 000	100 000
Total Assets	16 079 000	11 264 000	10 754 000	100 000
Total Retained Equity	6 614 000	2 260 000	261 000	−1 000
Total Equity	11 360 000	7 006 000	5 007 000	86 000
Total Long-Term Debt	557 000	37 000	74 000	0
Total Current Debt	4 162 000	4 220 000	5 672 000	14 000
Total Equity and Debt	16 079 000	11 264 000	10 754 000	100 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 975 000	18 394 000	17 015 000	0
Other Income	3 592 000	1 348 000	1 204 000	0
Revenue	13 567 000	19 742 000	18 220 000	0
Cost of Goods Sold	3 895 000	6 101 000	4 502 000	0
Salary Costs	2 631 000	7 731 000	7 452 000	0
Depreciation	79 000	756 000	378 000	0
Impairment	0	0	0	0
Expenditure	7 991 000	17 181 000	14 463 000	1 000
Operating Profit	5 576 000	2 561 000	3 756 000	−1 000
Financial Income	7 000	3 000	3 000	0
Financial Costs	2 000	1 000	1 000	0
Financial Balance	5 000	2 000	2 000	0
Dividends	0	0	0	0
Net Income	4 354 000	1 999 000	2 931 000	−1 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	194 000	1 133 000	1 456 000	0
Total Intangible Assets	194 000	1 133 000	1 456 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	588 000	1 362 000	1 760 000	0
Total Tangible Assets	588 000	1 362 000	1 760 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	782 000	2 495 000	3 217 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 345 000	3 809 000	2 735 000	100 000
Total Current Assets	15 297 000	8 769 000	7 537 000	100 000
Total Assets	16 079 000	11 264 000	10 754 000	100 000
Total Equity	11 360 000	7 006 000	5 007 000	86 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	557 000	37 000	74 000	0
Creditors	1 392 000	1 195 000	609 000	0
Unpaid Taxes	946 000	1 196 000	991 000	0
Dividends	0	0	0	0
Other Current Debt	1 111 000	1 228 000	4 073 000	14 000
Total Current Debt	4 162 000	4 220 000	5 672 000	14 000
Total Equity and Debt	16 079 000	11 264 000	10 754 000	100 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,33 %	28,53 %	58,54 %	−1,16 %
Debt-to-Equity Ratio	0,05	0,01	0,01	0
Operating Profit Margin	41,1 %	12,97 %	20,61 %	-
Current Ratio	3,68	2,08	1,33	7,14
Quick Ratio	3,68	2,08	1,33	7,14
Equity Ratio	0,71	0,62	0,47	0,86
Gross Profit Margin	71,29 %	69,1 %	75,29 %	-