T MIDGAARD & CO AS

3725 SKIEN

Finances

Share Ownership

Return on Equity

−221,3 %

Current Ratio

1,84

Debt-to-Equity Ratio

2,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 376 000	3 083 000	3 729 000	3 453 000
Net Income	−613 000	35 000	299 000	−272 000
Total Assets	2 191 000	2 528 000	2 308 000	5 089 000
Total Equity	277 000	890 000	855 000	1 255 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 376 000	3 083 000	3 729 000	3 453 000
Expenditure	3 993 000	3 034 000	3 393 000	3 719 000
Operating Profit	−617 000	49 000	335 000	−267 000
Financial Income	5 000	0	14 000	2 000
Financial Costs	1 000	14 000	50 000	83 000
Financial Balance	4 000	−14 000	−36 000	−81 000
Earnings Before Tax	−613 000	35 000	299 000	−348 000
Tax	0	0	0	−77 000
Net Income	−613 000	35 000	299 000	−272 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 000	67 000	114 000	2 801 000
Total Current Assets	2 154 000	2 461 000	2 193 000	2 288 000
Total Assets	2 191 000	2 528 000	2 308 000	5 089 000
Total Retained Equity	85 000	698 000	662 000	1 062 000
Total Equity	277 000	890 000	855 000	1 255 000
Total Long-Term Debt	744 000	318 000	641 000	2 060 000
Total Current Debt	1 170 000	1 319 000	812 000	1 774 000
Total Equity and Debt	2 191 000	2 528 000	2 308 000	5 089 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 271 000	2 959 000	3 534 000	3 453 000
Other Income	105 000	124 000	194 000	0
Revenue	3 376 000	3 083 000	3 729 000	3 453 000
Cost of Goods Sold	1 026 000	622 000	868 000	1 034 000
Salary Costs	1 771 000	1 628 000	1 544 000	1 858 000
Depreciation	30 000	47 000	53 000	111 000
Impairment	0	0	20 000	0
Expenditure	3 993 000	3 034 000	3 393 000	3 719 000
Operating Profit	−617 000	49 000	335 000	−267 000
Financial Income	5 000	0	14 000	2 000
Financial Costs	1 000	14 000	50 000	83 000
Financial Balance	4 000	−14 000	−36 000	−81 000
Dividends	0	0	0	0
Net Income	−613 000	35 000	299 000	−272 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	62 000
Real Eastate	0	0	0	2 556 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	35 000	65 000	112 000	182 000
Total Tangible Assets	35 000	65 000	112 000	2 738 000
Total Fiancial Fixed Assets	2 000	2 000	2 000	2 000
Total Fixed Assets	37 000	67 000	114 000	2 801 000
Stock	1 414 000	1 734 000	1 756 000	1 756 000
Total Investments	0	0	0	0
Cash, Bank	266 000	9 000	164 000	118 000
Total Current Assets	2 154 000	2 461 000	2 193 000	2 288 000
Total Assets	2 191 000	2 528 000	2 308 000	5 089 000
Total Equity	277 000	890 000	855 000	1 255 000
Short-Term Group Debt	0	79 000	83 000	1 197 000
Total Long-Term Debt	744 000	318 000	641 000	2 060 000
Creditors	730 000	438 000	227 000	30 000
Unpaid Taxes	187 000	327 000	308 000	258 000
Dividends	0	0	0	0
Other Current Debt	252 000	476 000	194 000	289 000
Total Current Debt	1 170 000	1 319 000	812 000	1 774 000
Total Equity and Debt	2 191 000	2 528 000	2 308 000	5 089 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−221,3 %	3,93 %	34,97 %	−21,67 %
Debt-to-Equity Ratio	2,69	0,36	0,75	1,64
Operating Profit Margin	−18,28 %	1,59 %	8,98 %	−7,73 %
Current Ratio	1,84	1,87	2,7	1,29
Quick Ratio	−8,83	−5,93	−2,32	127,11
Equity Ratio	0,13	0,35	0,37	0,25
Gross Profit Margin	69,61 %	79,82 %	76,72 %	70,06 %