MIDTUN PROSJEKT AS

3302 HOKKSUND

Finances

Share Ownership

Return on Equity

27,45 %

Current Ratio

2,43

Debt-to-Equity Ratio

3,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 925 000	10 143 000	13 085 000	813 000
Net Income	1 721 000	126 000	315 000	194 000
Total Assets	31 800 000	28 832 000	16 642 000	17 240 000
Total Equity	6 269 000	4 580 000	4 454 000	4 939 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 925 000	10 143 000	13 085 000	813 000
Expenditure	9 579 000	9 245 000	12 185 000	344 000
Operating Profit	3 346 000	898 000	900 000	469 000
Financial Income	7 000	5 000	3 000	8 000
Financial Costs	1 086 000	716 000	498 000	228 000
Financial Balance	−1 079 000	−711 000	−495 000	−220 000
Earnings Before Tax	2 267 000	187 000	404 000	250 000
Tax	546 000	61 000	89 000	55 000
Net Income	1 721 000	126 000	315 000	194 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 352 000	22 821 000	12 907 000	12 735 000
Total Current Assets	4 448 000	6 011 000	3 735 000	4 505 000
Total Assets	31 800 000	28 832 000	16 642 000	17 240 000
Total Retained Equity	6 169 000	4 480 000	4 354 000	4 839 000
Total Equity	6 269 000	4 580 000	4 454 000	4 939 000
Total Long-Term Debt	23 698 000	21 984 000	11 400 000	12 075 000
Total Current Debt	1 833 000	2 268 000	789 000	226 000
Total Equity and Debt	31 800 000	28 832 000	16 642 000	17 240 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 262 000	10 098 000	12 381 000	0
Other Income	4 662 000	46 000	703 000	813 000
Revenue	12 925 000	10 143 000	13 085 000	813 000
Cost of Goods Sold	8 182 000	8 312 000	11 428 000	3 000
Salary Costs	5 000	0	2 000	0
Depreciation	318 000	315 000	182 000	79 000
Impairment	0	0	0	0
Expenditure	9 579 000	9 245 000	12 185 000	344 000
Operating Profit	3 346 000	898 000	900 000	469 000
Financial Income	7 000	5 000	3 000	8 000
Financial Costs	1 086 000	716 000	498 000	228 000
Financial Balance	−1 079 000	−711 000	−495 000	−220 000
Dividends	0	0	800 000	0
Net Income	1 721 000	126 000	315 000	194 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	23 697 000	21 034 000	12 466 000	12 636 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	326 000	247 000	257 000	0
Total Tangible Assets	24 022 000	21 281 000	12 723 000	12 636 000
Total Fiancial Fixed Assets	3 330 000	1 540 000	184 000	99 000
Total Fixed Assets	27 352 000	22 821 000	12 907 000	12 735 000
Stock	4 083 000	5 890 000	3 662 000	4 415 000
Total Investments	0	0	0	0
Cash, Bank	185 000	79 000	52 000	69 000
Total Current Assets	4 448 000	6 011 000	3 735 000	4 505 000
Total Assets	31 800 000	28 832 000	16 642 000	17 240 000
Total Equity	6 269 000	4 580 000	4 454 000	4 939 000
Short-Term Group Debt	40 000	0	0	0
Total Long-Term Debt	23 698 000	21 984 000	11 400 000	12 075 000
Creditors	321 000	356 000	357 000	55 000
Unpaid Taxes	0	173 000	9 000	3 000
Dividends	0	0	800 000	0
Other Current Debt	1 425 000	1 659 000	323 000	169 000
Total Current Debt	1 833 000	2 268 000	789 000	226 000
Total Equity and Debt	31 800 000	28 832 000	16 642 000	17 240 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,45 %	2,75 %	7,07 %	3,93 %
Debt-to-Equity Ratio	3,78	4,8	2,56	2,44
Operating Profit Margin	25,89 %	8,85 %	6,88 %	57,69 %
Current Ratio	2,43	2,65	4,73	19,93
Quick Ratio	−1,98	−1,66	−1,3	−1,08
Equity Ratio	0,2	0,16	0,27	0,29
Gross Profit Margin	36,7 %	18,05 %	12,66 %	99,63 %