MIDAS GROUP AS

0151 OSLO

Finances

Return on Equity

−12,74 %

Current Ratio

0,14

Debt-to-Equity Ratio

2,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 520 000	1 800 000	544 000	0
Net Income	−3 800 000	10 761 000	102 725 000	−2 373 000
Total Assets	126 235 000	134 654 000	180 987 000	64 751 000
Total Equity	29 826 000	39 491 000	167 075 000	56 481 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 520 000	1 800 000	544 000	0
Expenditure	5 473 000	4 757 000	4 971 000	1 705 000
Operating Profit	−3 958 000	−2 958 000	−4 427 000	−1 707 000
Financial Income	1 885 000	826 000	113 731 000	1 307 000
Financial Costs	3 128 000	−12 143 000	7 101 000	2 020 000
Financial Balance	−1 243 000	12 969 000	106 630 000	−713 000
Earnings Before Tax	−5 202 000	10 011 000	102 203 000	−2 419 000
Tax	−1 402 000	−750 000	−521 000	−47 000
Net Income	−3 800 000	10 761 000	102 725 000	−2 373 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	124 565 000	127 105 000	30 856 000	51 777 000
Total Current Assets	1 670 000	7 550 000	150 131 000	12 974 000
Total Assets	126 235 000	134 654 000	180 987 000	64 751 000
Total Retained Equity	28 626 000	38 291 000	165 875 000	55 281 000
Total Equity	29 826 000	39 491 000	167 075 000	56 481 000
Total Long-Term Debt	84 379 000	66 476 000	1 762 000	3 245 000
Total Current Debt	12 030 000	28 687 000	12 150 000	5 026 000
Total Equity and Debt	126 235 000	134 654 000	180 987 000	64 751 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 520 000	1 800 000	0	0
Other Income	0	0	544 000	0
Revenue	1 520 000	1 800 000	544 000	0
Cost of Goods Sold	126 000	0	0	0
Salary Costs	3 210 000	1 879 000	1 555 000	0
Depreciation	297 000	356 000	897 000	111 000
Impairment	0	0	0	0
Expenditure	5 473 000	4 757 000	4 971 000	1 705 000
Operating Profit	−3 958 000	−2 958 000	−4 427 000	−1 707 000
Financial Income	1 885 000	826 000	113 731 000	1 307 000
Financial Costs	3 128 000	−12 143 000	7 101 000	2 020 000
Financial Balance	−1 243 000	12 969 000	106 630 000	−713 000
Dividends	5 865 000	7 000 000	0	15 694 000
Net Income	−3 800 000	10 761 000	102 725 000	−2 373 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	8 874 000	0
Total Intangible Assets	3 437 000	2 035 000	10 452 000	763 000
Real Eastate	0	0	2 369 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 629 000	3 846 000	3 683 000	1 960 000
Total Tangible Assets	3 629 000	3 846 000	6 052 000	1 960 000
Total Fiancial Fixed Assets	117 499 000	121 223 000	14 352 000	49 054 000
Total Fixed Assets	124 565 000	127 105 000	30 856 000	51 777 000
Stock	0	0	0	0
Total Investments	5 000	0	141 402 000	0
Cash, Bank	1 291 000	918 000	8 413 000	3 042 000
Total Current Assets	1 670 000	7 550 000	150 131 000	12 974 000
Total Assets	126 235 000	134 654 000	180 987 000	64 751 000
Total Equity	29 826 000	39 491 000	167 075 000	56 481 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	84 379 000	66 476 000	1 762 000	3 245 000
Creditors	127 000	57 000	597 000	23 000
Unpaid Taxes	110 000	185 000	138 000	0
Dividends	5 865 000	7 000 000	0	15 694 000
Other Current Debt	292 000	2 207 000	2 479 000	3 000
Total Current Debt	12 030 000	28 687 000	12 150 000	5 026 000
Total Equity and Debt	126 235 000	134 654 000	180 987 000	64 751 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,74 %	27,25 %	61,48 %	−4,2 %
Debt-to-Equity Ratio	2,83	1,68	0,01	0,06
Operating Profit Margin	−260,39 %	−164,33 %	−813,79 %	-
Current Ratio	0,14	0,26	12,36	2,58
Quick Ratio	0,14	0,26	12,36	2,58
Equity Ratio	0,24	0,29	0,92	0,87
Gross Profit Margin	91,71 %	100 %	100 %	-