MIDSUND ELEKTRO AS

6475 MIDSUND

Finances

Return on Equity

46,95 %

Current Ratio

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 585 000	12 735 000	12 307 000	11 283 000
Net Income	1 940 000	895 000	990 000	−148 000
Total Assets	7 973 000	6 449 000	6 305 000	5 280 000
Total Equity	4 132 000	3 292 000	2 898 000	2 907 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 585 000	12 735 000	12 307 000	11 283 000
Expenditure	12 091 000	11 565 000	11 028 000	11 465 000
Operating Profit	2 494 000	1 169 000	1 280 000	−182 000
Financial Income	9 000	5 000	9 000	22 000
Financial Costs	16 000	27 000	20 000	28 000
Financial Balance	−7 000	−22 000	−11 000	−6 000
Earnings Before Tax	2 487 000	1 147 000	1 270 000	−188 000
Tax	547 000	252 000	279 000	−41 000
Net Income	1 940 000	895 000	990 000	−148 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	286 000	346 000	391 000	382 000
Total Current Assets	7 687 000	6 103 000	5 915 000	4 898 000
Total Assets	7 973 000	6 449 000	6 305 000	5 280 000
Total Retained Equity	3 892 000	3 053 000	2 658 000	2 668 000
Total Equity	4 132 000	3 292 000	2 898 000	2 907 000
Total Long-Term Debt	0	294 000	369 000	444 000
Total Current Debt	3 841 000	2 863 000	3 039 000	1 929 000
Total Equity and Debt	7 973 000	6 449 000	6 305 000	5 280 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 585 000	12 735 000	12 307 000	11 254 000
Other Income	0	0	0	29 000
Revenue	14 585 000	12 735 000	12 307 000	11 283 000
Cost of Goods Sold	5 548 000	5 695 000	5 570 000	4 989 000
Salary Costs	5 125 000	4 319 000	4 004 000	4 938 000
Depreciation	12 000	12 000	6 000	0
Impairment	0	0	0	0
Expenditure	12 091 000	11 565 000	11 028 000	11 465 000
Operating Profit	2 494 000	1 169 000	1 280 000	−182 000
Financial Income	9 000	5 000	9 000	22 000
Financial Costs	16 000	27 000	20 000	28 000
Financial Balance	−7 000	−22 000	−11 000	−6 000
Dividends	1 100 000	500 000	1 000 000	0
Net Income	1 940 000	895 000	990 000	−148 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	102 000	100 000	99 000	87 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	6 000	19 000	31 000	0
Fixtures	0	0	0	0
Total Tangible Assets	6 000	19 000	31 000	0
Total Fiancial Fixed Assets	178 000	227 000	261 000	295 000
Total Fixed Assets	286 000	346 000	391 000	382 000
Stock	997 000	775 000	989 000	1 029 000
Total Investments	0	0	0	0
Cash, Bank	4 221 000	2 937 000	3 343 000	1 318 000
Total Current Assets	7 687 000	6 103 000	5 915 000	4 898 000
Total Assets	7 973 000	6 449 000	6 305 000	5 280 000
Total Equity	4 132 000	3 292 000	2 898 000	2 907 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	294 000	369 000	444 000
Creditors	779 000	746 000	872 000	608 000
Unpaid Taxes	728 000	642 000	515 000	789 000
Dividends	1 100 000	500 000	1 000 000	0
Other Current Debt	685 000	721 000	861 000	532 000
Total Current Debt	3 841 000	2 863 000	3 039 000	1 929 000
Total Equity and Debt	7 973 000	6 449 000	6 305 000	5 280 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,95 %	27,19 %	34,16 %	−5,09 %
Debt-to-Equity Ratio	0	0,09	0,13	0,15
Operating Profit Margin	17,1 %	9,18 %	10,4 %	−1,61 %
Current Ratio	2	2,13	1,95	2,54
Quick Ratio	2,7	2,92	2,89	5,44
Equity Ratio	0,52	0,51	0,46	0,55
Gross Profit Margin	61,96 %	55,28 %	54,74 %	55,78 %