MIDSUND INDUSTRISERVICE AS

6475 MIDSUND

Finances

Share Ownership

Return on Equity

44,44 %

Current Ratio

1,68

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020
Revenue	33 673 000	16 011 000	6 564 000
Net Income	4 784 000	5 002 000	3 218 000
Total Assets	24 066 000	12 895 000	4 976 000
Total Equity	10 766 000	8 395 000	3 392 000

Income (NOK)	2022	2021	2020
Revenue	33 673 000	16 011 000	6 564 000
Expenditure	27 763 000	9 687 000	2 434 000
Operating Profit	5 910 000	6 325 000	4 131 000
Financial Income	234 000	92 000	0
Financial Costs	10 000	0	4 000
Financial Balance	224 000	92 000	−4 000
Earnings Before Tax	6 133 000	6 416 000	4 126 000
Tax	1 350 000	1 414 000	908 000
Net Income	4 784 000	5 002 000	3 218 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 226 000	2 308 000	108 000
Total Current Assets	21 839 000	10 586 000	4 868 000
Total Assets	24 066 000	12 895 000	4 976 000
Total Retained Equity	10 586 000	8 215 000	3 218 000
Total Equity	10 766 000	8 395 000	3 392 000
Total Long-Term Debt	304 000	344 000	23 000
Total Current Debt	12 995 000	4 156 000	1 561 000
Total Equity and Debt	24 066 000	12 895 000	4 976 000

Cash flow (NOK)	2022	2021	2020
Sales Income	33 673 000	16 011 000	6 564 000
Other Income	0	0	0
Revenue	33 673 000	16 011 000	6 564 000
Cost of Goods Sold	14 103 000	4 069 000	711 000
Salary Costs	10 201 000	3 816 000	1 080 000
Depreciation	122 000	46 000	2 000
Impairment	0	0	0
Expenditure	27 763 000	9 687 000	2 434 000
Operating Profit	5 910 000	6 325 000	4 131 000
Financial Income	234 000	92 000	0
Financial Costs	10 000	0	4 000
Financial Balance	224 000	92 000	−4 000
Dividends	2 412 000	0	0
Net Income	4 784 000	5 002 000	3 218 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	1 993 000	2 045 000	0
Machinery and Plant Facilities	0	0	0
Fixtures	233 000	263 000	108 000
Total Tangible Assets	2 226 000	2 308 000	108 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	2 226 000	2 308 000	108 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	14 859 000	6 834 000	887 000
Total Current Assets	21 839 000	10 586 000	4 868 000
Total Assets	24 066 000	12 895 000	4 976 000
Total Equity	10 766 000	8 395 000	3 392 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	304 000	344 000	23 000
Creditors	5 141 000	1 173 000	321 000
Unpaid Taxes	1 971 000	1 140 000	196 000
Dividends	2 412 000	0	0
Other Current Debt	2 082 000	750 000	159 000
Total Current Debt	12 995 000	4 156 000	1 561 000
Total Equity and Debt	24 066 000	12 895 000	4 976 000

Financial indicators	2022	2021	2020
Return on Equity	44,44 %	59,58 %	94,87 %
Debt-to-Equity Ratio	0,03	0,04	0,01
Operating Profit Margin	17,55 %	39,5 %	62,93 %
Current Ratio	1,68	2,55	3,12
Quick Ratio	1,68	2,55	3,12
Equity Ratio	0,45	0,65	0,68
Gross Profit Margin	58,12 %	74,59 %	89,17 %