MIDGAARD EIENDOM AS

3725 SKIEN

Finances

Return on Equity

43,85 %

Current Ratio

14,03

Debt-to-Equity Ratio

−3,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	190 000	194 000	194 000	91 000
Net Income	−335 000	−36 000	−263 000	−177 000
Total Assets	1 909 000	1 979 000	2 074 000	2 530 000
Total Equity	−764 000	−429 000	−393 000	−130 000

Income (NOK)	2022	2021	2020	2019
Revenue	190 000	194 000	194 000	91 000
Expenditure	444 000	158 000	215 000	246 000
Operating Profit	−254 000	37 000	−21 000	−155 000
Financial Income	0	0	0	0
Financial Costs	81 000	73 000	71 000	72 000
Financial Balance	−81 000	−73 000	−71 000	−72 000
Earnings Before Tax	−335 000	−36 000	−91 000	−227 000
Tax	0	0	172 000	−50 000
Net Income	−335 000	−36 000	−263 000	−177 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 348 000	1 420 000	1 441 000	1 681 000
Total Current Assets	561 000	559 000	633 000	849 000
Total Assets	1 909 000	1 979 000	2 074 000	2 530 000
Total Retained Equity	−914 000	−579 000	−543 000	−280 000
Total Equity	−764 000	−429 000	−393 000	−130 000
Total Long-Term Debt	2 634 000	1 685 000	1 754 000	1 798 000
Total Current Debt	40 000	723 000	713 000	862 000
Total Equity and Debt	1 909 000	1 979 000	2 074 000	2 530 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	190 000	194 000	194 000	91 000
Revenue	190 000	194 000	194 000	91 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	72 000	68 000	68 000	64 000
Impairment	0	0	0	0
Expenditure	444 000	158 000	215 000	246 000
Operating Profit	−254 000	37 000	−21 000	−155 000
Financial Income	0	0	0	0
Financial Costs	81 000	73 000	71 000	72 000
Financial Balance	−81 000	−73 000	−71 000	−72 000
Dividends	0	0	0	0
Net Income	−335 000	−36 000	−263 000	−177 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	172 000
Real Eastate	176 000	248 000	269 000	337 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	176 000	248 000	269 000	337 000
Total Fiancial Fixed Assets	1 172 000	1 172 000	1 172 000	1 172 000
Total Fixed Assets	1 348 000	1 420 000	1 441 000	1 681 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	14 000	51 000	8 000	0
Total Current Assets	561 000	559 000	633 000	849 000
Total Assets	1 909 000	1 979 000	2 074 000	2 530 000
Total Equity	−764 000	−429 000	−393 000	−130 000
Short-Term Group Debt	0	682 000	0	0
Total Long-Term Debt	2 634 000	1 685 000	1 754 000	1 798 000
Creditors	40 000	20 000	8 000	126 000
Unpaid Taxes	0	20 000	6 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	699 000	735 000
Total Current Debt	40 000	723 000	713 000	862 000
Total Equity and Debt	1 909 000	1 979 000	2 074 000	2 530 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,85 %	8,39 %	66,92 %	136,15 %
Debt-to-Equity Ratio	−3,45	−3,93	−4,46	−13,83
Operating Profit Margin	−133,68 %	19,07 %	−10,82 %	−170,33 %
Current Ratio	14,03	0,77	0,89	0,98
Quick Ratio	14,03	0,77	0,89	0,98
Equity Ratio	−0,4	−0,22	−0,19	−0,05
Gross Profit Margin	100 %	100 %	100 %	100 %