MI TO FRISØR AS

4841 ARENDAL

Finances

Share Ownership

Return on Equity

43,88 %

Current Ratio

1,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 944 000	4 039 000	3 321 000	3 280 000
Net Income	251 000	510 000	304 000	198 000
Total Assets	1 379 000	1 563 000	1 413 000	1 022 000
Total Equity	572 000	520 000	510 000	507 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 944 000	4 039 000	3 321 000	3 280 000
Expenditure	3 619 000	3 384 000	2 926 000	3 021 000
Operating Profit	325 000	655 000	395 000	258 000
Financial Income	0	0	0	0
Financial Costs	1 000	1 000	0	0
Financial Balance	−1 000	−1 000	0	0
Earnings Before Tax	324 000	655 000	395 000	258 000
Tax	73 000	145 000	91 000	60 000
Net Income	251 000	510 000	304 000	198 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	105 000	126 000	21 000	24 000
Total Current Assets	1 275 000	1 437 000	1 393 000	998 000
Total Assets	1 379 000	1 563 000	1 413 000	1 022 000
Total Retained Equity	472 000	420 000	410 000	407 000
Total Equity	572 000	520 000	510 000	507 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	808 000	1 042 000	903 000	515 000
Total Equity and Debt	1 379 000	1 563 000	1 413 000	1 022 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 943 000	3 979 000	3 303 000	3 280 000
Other Income	2 000	60 000	18 000	0
Revenue	3 944 000	4 039 000	3 321 000	3 280 000
Cost of Goods Sold	683 000	639 000	637 000	591 000
Salary Costs	2 189 000	2 218 000	1 750 000	1 862 000
Depreciation	20 000	7 000	0	41 000
Impairment	0	0	0	0
Expenditure	3 619 000	3 384 000	2 926 000	3 021 000
Operating Profit	325 000	655 000	395 000	258 000
Financial Income	0	0	0	0
Financial Costs	1 000	1 000	0	0
Financial Balance	−1 000	−1 000	0	0
Dividends	200 000	350 000	300 000	0
Net Income	251 000	510 000	304 000	198 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 000	7 000	12 000	15 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	75 000	95 000	0	0
Total Tangible Assets	75 000	95 000	0	0
Total Fiancial Fixed Assets	24 000	24 000	9 000	9 000
Total Fixed Assets	105 000	126 000	21 000	24 000
Stock	434 000	430 000	261 000	260 000
Total Investments	0	0	0	0
Cash, Bank	683 000	862 000	997 000	640 000
Total Current Assets	1 275 000	1 437 000	1 393 000	998 000
Total Assets	1 379 000	1 563 000	1 413 000	1 022 000
Total Equity	572 000	520 000	510 000	507 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	55 000	74 000	90 000	66 000
Unpaid Taxes	238 000	248 000	275 000	238 000
Dividends	200 000	350 000	300 000	0
Other Current Debt	243 000	231 000	150 000	148 000
Total Current Debt	808 000	1 042 000	903 000	515 000
Total Equity and Debt	1 379 000	1 563 000	1 413 000	1 022 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,88 %	98,08 %	59,61 %	39,05 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,24 %	16,22 %	11,89 %	7,87 %
Current Ratio	1,58	1,38	1,54	1,94
Quick Ratio	3,41	2,35	2,17	3,91
Equity Ratio	0,41	0,33	0,36	0,5
Gross Profit Margin	82,68 %	84,18 %	80,82 %	81,98 %