MIKALSEN BAKERI & KONDITORI AS

7052 TRONDHEIM

Finances

Share Ownership

Return on Equity

−9,1 %

Current Ratio

1,45

Debt-to-Equity Ratio

1,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 621 000	1 661 000	1 621 000	2 740 000
Net Income	−171 000	−381 000	−54 000	−535 000
Total Assets	4 057 000	4 951 000	5 392 000	5 711 000
Total Equity	1 880 000	2 051 000	2 432 000	2 485 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 621 000	1 661 000	1 621 000	2 740 000
Expenditure	1 806 000	2 101 000	1 635 000	3 423 000
Operating Profit	−186 000	−440 000	−14 000	−683 000
Financial Income	0	0	0	1 000
Financial Costs	33 000	48 000	55 000	60 000
Financial Balance	−33 000	−48 000	−55 000	−59 000
Earnings Before Tax	−219 000	−488 000	−69 000	−742 000
Tax	−48 000	−107 000	−15 000	−207 000
Net Income	−171 000	−381 000	−54 000	−535 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 705 000	4 264 000	4 799 000	5 266 000
Total Current Assets	352 000	687 000	593 000	445 000
Total Assets	4 057 000	4 951 000	5 392 000	5 711 000
Total Retained Equity	1 280 000	1 451 000	1 832 000	1 885 000
Total Equity	1 880 000	2 051 000	2 432 000	2 485 000
Total Long-Term Debt	1 936 000	2 292 000	2 546 000	1 946 000
Total Current Debt	242 000	609 000	414 000	1 279 000
Total Equity and Debt	4 057 000	4 951 000	5 392 000	5 711 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	548 000	354 000	407 000	2 593 000
Other Income	1 072 000	1 307 000	1 214 000	147 000
Revenue	1 621 000	1 661 000	1 621 000	2 740 000
Cost of Goods Sold	144 000	190 000	195 000	720 000
Salary Costs	0	11 000	10 000	1 485 000
Depreciation	559 000	558 000	543 000	525 000
Impairment	0	0	0	0
Expenditure	1 806 000	2 101 000	1 635 000	3 423 000
Operating Profit	−186 000	−440 000	−14 000	−683 000
Financial Income	0	0	0	1 000
Financial Costs	33 000	48 000	55 000	60 000
Financial Balance	−33 000	−48 000	−55 000	−59 000
Dividends	0	0	0	0
Net Income	−171 000	−381 000	−54 000	−535 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	887 000	947 000	1 007 000	1 067 000
Machinery and Plant Facilities	2 780 000	3 253 000	3 725 000	4 113 000
Fixtures	38 000	64 000	67 000	86 000
Total Tangible Assets	3 705 000	4 264 000	4 799 000	5 266 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 705 000	4 264 000	4 799 000	5 266 000
Stock	0	0	0	95 000
Total Investments	0	0	0	0
Cash, Bank	76 000	60 000	193 000	273 000
Total Current Assets	352 000	687 000	593 000	445 000
Total Assets	4 057 000	4 951 000	5 392 000	5 711 000
Total Equity	1 880 000	2 051 000	2 432 000	2 485 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 936 000	2 292 000	2 546 000	1 946 000
Creditors	34 000	83 000	13 000	26 000
Unpaid Taxes	97 000	166 000	77 000	180 000
Dividends	0	0	0	0
Other Current Debt	111 000	359 000	324 000	1 073 000
Total Current Debt	242 000	609 000	414 000	1 279 000
Total Equity and Debt	4 057 000	4 951 000	5 392 000	5 711 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,1 %	−18,58 %	−2,22 %	−21,53 %
Debt-to-Equity Ratio	1,03	1,12	1,05	0,78
Operating Profit Margin	−11,47 %	−26,49 %	−0,86 %	−24,93 %
Current Ratio	1,45	1,13	1,43	0,35
Quick Ratio	1,45	1,13	1,43	0,38
Equity Ratio	0,46	0,41	0,45	0,44
Gross Profit Margin	91,12 %	88,56 %	87,97 %	73,72 %