MIDGARD ZETA AS

5009 BERGEN

Finances

Share Ownership

Return on Equity

283,26 %

Current Ratio

Debt-to-Equity Ratio

0,65

Key figures (NOK)	2022	2021	2020
Revenue	1 637 000	78 000	66 000
Net Income	1 252 000	−96 000	−65 000
Total Assets	1 440 000	6 011 000	5 887 000
Total Equity	442 000	−130 000	−35 000

Income (NOK)	2022	2021	2020
Revenue	1 637 000	78 000	66 000
Expenditure	24 000	80 000	73 000
Operating Profit	1 614 000	−2 000	−7 000
Financial Income	32 000	0	0
Financial Costs	40 000	139 000	58 000
Financial Balance	−8 000	−139 000	−58 000
Earnings Before Tax	1 605 000	−141 000	−65 000
Tax	353 000	−45 000	0
Net Income	1 252 000	−96 000	−65 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 439 000	5 992 000	5 859 000
Total Current Assets	1 000	19 000	28 000
Total Assets	1 440 000	6 011 000	5 887 000
Total Retained Equity	412 000	−160 000	−65 000
Total Equity	442 000	−130 000	−35 000
Total Long-Term Debt	288 000	6 132 000	4 000 000
Total Current Debt	710 000	9 000	1 922 000
Total Equity and Debt	1 440 000	6 011 000	5 887 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	1 637 000	78 000	66 000
Revenue	1 637 000	78 000	66 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	24 000	80 000	73 000
Operating Profit	1 614 000	−2 000	−7 000
Financial Income	32 000	0	0
Financial Costs	40 000	139 000	58 000
Financial Balance	−8 000	−139 000	−58 000
Dividends	0	0	0
Net Income	1 252 000	−96 000	−65 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	45 000	0
Real Eastate	0	5 947 000	5 859 000
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	5 947 000	5 859 000
Total Fiancial Fixed Assets	1 439 000	0	0
Total Fixed Assets	1 439 000	5 992 000	5 859 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 000	17 000	28 000
Total Current Assets	1 000	19 000	28 000
Total Assets	1 440 000	6 011 000	5 887 000
Total Equity	442 000	−130 000	−35 000
Short-Term Group Debt	700 000	0	0
Total Long-Term Debt	288 000	6 132 000	4 000 000
Creditors	10 000	4 000	1 916 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	0	4 000	6 000
Total Current Debt	710 000	9 000	1 922 000
Total Equity and Debt	1 440 000	6 011 000	5 887 000

Financial indicators	2022	2021	2020
Return on Equity	283,26 %	73,85 %	185,71 %
Debt-to-Equity Ratio	0,65	−47,17	−114,29
Operating Profit Margin	98,59 %	−2,56 %	−10,61 %
Current Ratio	0	2,11	0,01
Quick Ratio	0	2,11	0,01
Equity Ratio	0,31	−0,02	−0,01
Gross Profit Margin	100 %	100 %	100 %