MICHELSEN AS

5035 BERGEN

Finances

Share Ownership

Return on Equity

50,52 %

Current Ratio

2,76

Debt-to-Equity Ratio

5,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 679 000	1 389 000	2 402 000	4 068 000
Net Income	387 000	−279 000	−574 000	−1 376 000
Total Assets	5 327 000	5 328 000	5 493 000	6 079 000
Total Equity	766 000	379 000	658 000	−768 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 679 000	1 389 000	2 402 000	4 068 000
Expenditure	2 079 000	1 480 000	2 785 000	5 205 000
Operating Profit	623 000	−150 000	−381 000	−1 146 000
Financial Income	7 000	5 000	5 000	6 000
Financial Costs	243 000	134 000	198 000	237 000
Financial Balance	−236 000	−129 000	−193 000	−231 000
Earnings Before Tax	387 000	−279 000	−574 000	−1 376 000
Tax	0	0	0	0
Net Income	387 000	−279 000	−574 000	−1 376 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 174 000	4 807 000	5 064 000	5 684 000
Total Current Assets	1 153 000	521 000	429 000	395 000
Total Assets	5 327 000	5 328 000	5 493 000	6 079 000
Total Retained Equity	−7 335 000	−7 722 000	−7 443 000	−11 969 000
Total Equity	766 000	379 000	658 000	−768 000
Total Long-Term Debt	4 143 000	4 500 000	4 193 000	6 018 000
Total Current Debt	418 000	449 000	642 000	829 000
Total Equity and Debt	5 327 000	5 328 000	5 493 000	6 079 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 467 000	552 000	2 258 000	3 984 000
Other Income	1 212 000	837 000	144 000	85 000
Revenue	2 679 000	1 389 000	2 402 000	4 068 000
Cost of Goods Sold	441 000	130 000	623 000	1 346 000
Salary Costs	621 000	178 000	463 000	1 454 000
Depreciation	661 000	674 000	651 000	675 000
Impairment	0	0	0	0
Expenditure	2 079 000	1 480 000	2 785 000	5 205 000
Operating Profit	623 000	−150 000	−381 000	−1 146 000
Financial Income	7 000	5 000	5 000	6 000
Financial Costs	243 000	134 000	198 000	237 000
Financial Balance	−236 000	−129 000	−193 000	−231 000
Dividends	0	0	0	0
Net Income	387 000	−279 000	−574 000	−1 376 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 802 000	4 278 000	4 753 000	5 228 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	372 000	530 000	311 000	455 000
Total Tangible Assets	4 174 000	4 807 000	5 064 000	5 684 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 174 000	4 807 000	5 064 000	5 684 000
Stock	0	0	60 000	103 000
Total Investments	0	0	0	0
Cash, Bank	521 000	496 000	120 000	144 000
Total Current Assets	1 153 000	521 000	429 000	395 000
Total Assets	5 327 000	5 328 000	5 493 000	6 079 000
Total Equity	766 000	379 000	658 000	−768 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 143 000	4 500 000	4 193 000	6 018 000
Creditors	254 000	370 000	552 000	505 000
Unpaid Taxes	57 000	5 000	11 000	55 000
Dividends	0	0	0	0
Other Current Debt	107 000	73 000	78 000	269 000
Total Current Debt	418 000	449 000	642 000	829 000
Total Equity and Debt	5 327 000	5 328 000	5 493 000	6 079 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,52 %	−73,61 %	−87,23 %	179,17 %
Debt-to-Equity Ratio	5,41	11,87	6,37	−7,84
Operating Profit Margin	23,25 %	−10,8 %	−15,86 %	−28,17 %
Current Ratio	2,76	1,16	0,67	0,48
Quick Ratio	2,76	1,16	0,74	0,54
Equity Ratio	0,14	0,07	0,12	−0,13
Gross Profit Margin	83,54 %	90,64 %	74,06 %	66,91 %