TEAM MIDGARD AS

7011 TRONDHEIM

Finances

Return on Equity

−118,75 %

Current Ratio

1,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	314 000	253 000	132 000	0
Net Income	−95 000	125 000	38 000	−23 000
Total Assets	197 000	210 000	57 000	5 000
Total Equity	80 000	175 000	50 000	2 000

Income (NOK)	2022	2021	2020	2019
Revenue	314 000	253 000	132 000	0
Expenditure	434 000	92 000	86 000	23 000
Operating Profit	−120 000	161 000	47 000	−23 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	5 000	0
Financial Balance	−1 000	0	−5 000	0
Earnings Before Tax	−121 000	160 000	42 000	−23 000
Tax	−26 000	35 000	3 000	0
Net Income	−95 000	125 000	38 000	−23 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	56 000	30 000	30 000	0
Total Current Assets	141 000	180 000	27 000	5 000
Total Assets	197 000	210 000	57 000	5 000
Total Retained Equity	46 000	141 000	16 000	−23 000
Total Equity	80 000	175 000	50 000	2 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	117 000	36 000	7 000	4 000
Total Equity and Debt	197 000	210 000	57 000	5 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	260 000	253 000	130 000	0
Other Income	53 000	0	2 000	0
Revenue	314 000	253 000	132 000	0
Cost of Goods Sold	0	0	18 000	0
Salary Costs	315 000	0	8 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	434 000	92 000	86 000	23 000
Operating Profit	−120 000	161 000	47 000	−23 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	5 000	0
Financial Balance	−1 000	0	−5 000	0
Dividends	0	0	0	0
Net Income	−95 000	125 000	38 000	−23 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	26 000	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	30 000	30 000	30 000	0
Total Fixed Assets	56 000	30 000	30 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	85 000	168 000	7 000	5 000
Total Current Assets	141 000	180 000	27 000	5 000
Total Assets	197 000	210 000	57 000	5 000
Total Equity	80 000	175 000	50 000	2 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 000	0	1 000	4 000
Unpaid Taxes	15 000	0	2 000	0
Dividends	0	0	0	0
Other Current Debt	101 000	0	0	0
Total Current Debt	117 000	36 000	7 000	4 000
Total Equity and Debt	197 000	210 000	57 000	5 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−118,75 %	71,43 %	76 %	−1 150 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−38,22 %	63,64 %	35,61 %	-
Current Ratio	1,21	5	3,86	1,25
Quick Ratio	1,21	5	3,86	1,25
Equity Ratio	0,41	0,83	0,88	0,4
Gross Profit Margin	100 %	100 %	86,36 %	-