MIDBØE AS

4016 STAVANGER

Finances

Return on Equity

44,78 %

Current Ratio

1,28

Debt-to-Equity Ratio

0,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	110 335 000	77 171 000	76 522 000	74 405 000
Net Income	3 515 000	814 000	1 736 000	2 819 000
Total Assets	39 426 000	25 045 000	23 139 000	19 431 000
Total Equity	7 849 000	6 482 000	6 268 000	5 132 000

Income (NOK)	2022	2021	2020	2019
Revenue	110 335 000	77 171 000	76 522 000	74 405 000
Expenditure	105 730 000	76 040 000	74 241 000	70 706 000
Operating Profit	4 603 000	1 131 000	2 280 000	3 699 000
Financial Income	12 000	4 000	19 000	31 000
Financial Costs	63 000	68 000	60 000	81 000
Financial Balance	−51 000	−64 000	−41 000	−50 000
Earnings Before Tax	4 552 000	1 067 000	2 240 000	3 649 000
Tax	1 037 000	253 000	504 000	830 000
Net Income	3 515 000	814 000	1 736 000	2 819 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 387 000	1 076 000	1 205 000	1 340 000
Total Current Assets	38 039 000	23 969 000	21 934 000	18 091 000
Total Assets	39 426 000	25 045 000	23 139 000	19 431 000
Total Retained Equity	7 641 000	6 268 000	6 055 000	4 919 000
Total Equity	7 849 000	6 482 000	6 268 000	5 132 000
Total Long-Term Debt	1 954 000	916 000	1 038 000	534 000
Total Current Debt	29 623 000	17 647 000	15 833 000	13 765 000
Total Equity and Debt	39 426 000	25 045 000	23 139 000	19 431 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	110 335 000	77 171 000	76 522 000	74 405 000
Other Income	0	0	0	0
Revenue	110 335 000	77 171 000	76 522 000	74 405 000
Cost of Goods Sold	51 902 000	34 242 000	32 116 000	30 799 000
Salary Costs	41 560 000	32 430 000	32 080 000	31 621 000
Depreciation	149 000	120 000	187 000	145 000
Impairment	0	0	0	0
Expenditure	105 730 000	76 040 000	74 241 000	70 706 000
Operating Profit	4 603 000	1 131 000	2 280 000	3 699 000
Financial Income	12 000	4 000	19 000	31 000
Financial Costs	63 000	68 000	60 000	81 000
Financial Balance	−51 000	−64 000	−41 000	−50 000
Dividends	2 000 000	600 000	600 000	1 386 000
Net Income	3 515 000	814 000	1 736 000	2 819 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 000	7 000	7 000	69 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	873 000	680 000	800 000	839 000
Total Tangible Assets	991 000	680 000	800 000	839 000
Total Fiancial Fixed Assets	389 000	389 000	399 000	433 000
Total Fixed Assets	1 387 000	1 076 000	1 205 000	1 340 000
Stock	588 000	793 000	771 000	771 000
Total Investments	0	0	0	0
Cash, Bank	12 662 000	10 870 000	2 645 000	3 532 000
Total Current Assets	38 039 000	23 969 000	21 934 000	18 091 000
Total Assets	39 426 000	25 045 000	23 139 000	19 431 000
Total Equity	7 849 000	6 482 000	6 268 000	5 132 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 954 000	916 000	1 038 000	534 000
Creditors	13 640 000	8 452 000	6 680 000	4 897 000
Unpaid Taxes	6 682 000	3 345 000	4 763 000	3 919 000
Dividends	2 000 000	600 000	600 000	1 386 000
Other Current Debt	7 301 000	4 875 000	3 791 000	3 562 000
Total Current Debt	29 623 000	17 647 000	15 833 000	13 765 000
Total Equity and Debt	39 426 000	25 045 000	23 139 000	19 431 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,78 %	12,56 %	27,7 %	54,93 %
Debt-to-Equity Ratio	0,25	0,14	0,17	0,1
Operating Profit Margin	4,17 %	1,47 %	2,98 %	4,97 %
Current Ratio	1,28	1,36	1,39	1,31
Quick Ratio	1,31	1,42	1,46	1,39
Equity Ratio	0,2	0,26	0,27	0,26
Gross Profit Margin	52,96 %	55,63 %	58,03 %	58,61 %