MICHEL INVEST AS

4608 KRISTIANSAND S

Finances

Return on Equity

32,38 %

Current Ratio

2,8

Debt-to-Equity Ratio

0,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	5 828 000	7 035 000	3 179 000	−1 867 000
Total Assets	39 772 000	35 721 000	24 320 000	21 416 000
Total Equity	17 997 000	12 168 000	6 134 000	3 749 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	125 000	143 000	187 000	312 000
Operating Profit	−125 000	−143 000	−186 000	−312 000
Financial Income	7 000 000	8 278 000	4 608 000	3 181 000
Financial Costs	1 047 000	1 100 000	1 243 000	4 736 000
Financial Balance	5 953 000	7 178 000	3 365 000	−1 555 000
Earnings Before Tax	5 828 000	7 035 000	3 179 000	−1 867 000
Tax	0	0	0	0
Net Income	5 828 000	7 035 000	3 179 000	−1 867 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 012 000	18 012 000	18 048 000	18 788 000
Total Current Assets	21 759 000	17 709 000	6 272 000	2 628 000
Total Assets	39 772 000	35 721 000	24 320 000	21 416 000
Total Retained Equity	16 859 000	11 031 000	4 996 000	−2 592 000
Total Equity	17 997 000	12 168 000	6 134 000	3 749 000
Total Long-Term Debt	14 017 000	11 405 000	10 964 000	10 292 000
Total Current Debt	7 758 000	12 148 000	7 222 000	7 376 000
Total Equity and Debt	39 772 000	35 721 000	24 320 000	21 416 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	4 000	4 000	87 000	95 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	125 000	143 000	187 000	312 000
Operating Profit	−125 000	−143 000	−186 000	−312 000
Financial Income	7 000 000	8 278 000	4 608 000	3 181 000
Financial Costs	1 047 000	1 100 000	1 243 000	4 736 000
Financial Balance	5 953 000	7 178 000	3 365 000	−1 555 000
Dividends	0	1 000 000	0	0
Net Income	5 828 000	7 035 000	3 179 000	−1 867 000

Balance details (NOK)	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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	18 012 000	18 012 000	18 048 000	18 788 000
Total Fixed Assets	18 012 000	18 012 000	18 048 000	18 788 000
Stock	0	0	0	0
Total Investments	13 134 000	8 089 000	0	0
Cash, Bank	62 000	62 000	110 000	110 000
Total Current Assets	21 759 000	17 709 000	6 272 000	2 628 000
Total Assets	39 772 000	35 721 000	24 320 000	21 416 000
Total Equity	17 997 000	12 168 000	6 134 000	3 749 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	14 017 000	11 405 000	10 964 000	10 292 000
Creditors	1 000	−1 000	1 000	0
Unpaid Taxes	0	0	12 000	12 000
Dividends	0	1 000 000	0	0
Other Current Debt	2 897 000	2 200 000	1 184 000	2 000
Total Current Debt	7 758 000	12 148 000	7 222 000	7 376 000
Total Equity and Debt	39 772 000	35 721 000	24 320 000	21 416 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,38 %	57,82 %	51,83 %	−49,8 %
Debt-to-Equity Ratio	0,78	0,94	1,79	2,75
Operating Profit Margin	-	-	-	-
Current Ratio	2,8	1,46	0,87	0,36
Quick Ratio	2,8	1,46	0,87	0,36
Equity Ratio	0,45	0,34	0,25	0,18
Gross Profit Margin	-	-	-	-