MIFO MIDSUND AS

6475 MIDSUND

Finances

Return on Equity

25,61 %

Current Ratio

2,01

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 761 000	18 863 000	27 665 000	22 656 000
Net Income	1 517 000	1 356 000	3 021 000	1 672 000
Total Assets	11 328 000	9 777 000	15 188 000	14 350 000
Total Equity	5 923 000	5 805 000	5 549 000	5 028 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 761 000	18 863 000	27 665 000	22 656 000
Expenditure	13 938 000	17 231 000	23 843 000	20 580 000
Operating Profit	1 823 000	1 633 000	3 822 000	2 076 000
Financial Income	110 000	97 000	47 000	62 000
Financial Costs	0	0	3 000	2 000
Financial Balance	110 000	97 000	44 000	60 000
Earnings Before Tax	1 934 000	1 730 000	3 866 000	2 136 000
Tax	416 000	374 000	845 000	464 000
Net Income	1 517 000	1 356 000	3 021 000	1 672 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	482 000	440 000	399 000	458 000
Total Current Assets	10 846 000	9 337 000	14 789 000	13 892 000
Total Assets	11 328 000	9 777 000	15 188 000	14 350 000
Total Retained Equity	5 519 000	5 401 000	5 145 000	4 624 000
Total Equity	5 923 000	5 805 000	5 549 000	5 028 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 405 000	3 972 000	9 638 000	9 322 000
Total Equity and Debt	11 328 000	9 777 000	15 188 000	14 350 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 856 000	18 862 000	27 665 000	22 656 000
Other Income	−94 000	1 000	0	0
Revenue	15 761 000	18 863 000	27 665 000	22 656 000
Cost of Goods Sold	8 050 000	10 069 000	16 356 000	15 033 000
Salary Costs	4 150 000	5 203 000	5 676 000	3 897 000
Depreciation	53 000	74 000	129 000	137 000
Impairment	0	0	0	0
Expenditure	13 938 000	17 231 000	23 843 000	20 580 000
Operating Profit	1 823 000	1 633 000	3 822 000	2 076 000
Financial Income	110 000	97 000	47 000	62 000
Financial Costs	0	0	3 000	2 000
Financial Balance	110 000	97 000	44 000	60 000
Dividends	1 400 000	1 100 000	2 500 000	1 000 000
Net Income	1 517 000	1 356 000	3 021 000	1 672 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	146 000	152 000	151 000	138 000
Real Eastate	0	0	0	12 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	198 000	151 000	110 000	171 000
Total Tangible Assets	258 000	211 000	170 000	243 000
Total Fiancial Fixed Assets	77 000	77 000	77 000	77 000
Total Fixed Assets	482 000	440 000	399 000	458 000
Stock	1 035 000	742 000	720 000	720 000
Total Investments	0	0	0	0
Cash, Bank	4 722 000	4 535 000	1 503 000	2 391 000
Total Current Assets	10 846 000	9 337 000	14 789 000	13 892 000
Total Assets	11 328 000	9 777 000	15 188 000	14 350 000
Total Equity	5 923 000	5 805 000	5 549 000	5 028 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 039 000	660 000	3 682 000	5 880 000
Unpaid Taxes	437 000	542 000	1 082 000	818 000
Dividends	1 400 000	1 100 000	2 500 000	1 000 000
Other Current Debt	1 118 000	1 294 000	1 516 000	1 150 000
Total Current Debt	5 405 000	3 972 000	9 638 000	9 322 000
Total Equity and Debt	11 328 000	9 777 000	15 188 000	14 350 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,61 %	23,36 %	54,44 %	33,25 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,57 %	8,66 %	13,82 %	9,16 %
Current Ratio	2,01	2,35	1,53	1,49
Quick Ratio	2,48	2,89	1,66	1,61
Equity Ratio	0,52	0,59	0,37	0,35
Gross Profit Margin	48,92 %	46,62 %	40,88 %	33,65 %