MIDTNORSK HELIKOPTERSERVICE AS

7656 VERDAL

Finances

Return on Equity

−24,26 %

Current Ratio

8,1

Debt-to-Equity Ratio

1,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 169 000	16 116 000	12 716 000	9 845 000
Net Income	−1 881 000	146 000	−307 000	130 000
Total Assets	23 149 000	22 136 000	24 551 000	23 240 000
Total Equity	7 754 000	9 634 000	9 489 000	9 796 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 169 000	16 116 000	12 716 000	9 845 000
Expenditure	15 835 000	15 659 000	12 788 000	9 323 000
Operating Profit	−1 667 000	457 000	−72 000	523 000
Financial Income	19 000	16 000	17 000	43 000
Financial Costs	762 000	287 000	336 000	399 000
Financial Balance	−743 000	−271 000	−319 000	−356 000
Earnings Before Tax	−2 410 000	186 000	−391 000	167 000
Tax	−529 000	41 000	−84 000	37 000
Net Income	−1 881 000	146 000	−307 000	130 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 420 000	19 193 000	20 160 000	20 840 000
Total Current Assets	13 729 000	2 943 000	4 391 000	2 401 000
Total Assets	23 149 000	22 136 000	24 551 000	23 240 000
Total Retained Equity	7 104 000	8 984 000	8 839 000	9 146 000
Total Equity	7 754 000	9 634 000	9 489 000	9 796 000
Total Long-Term Debt	13 700 000	10 226 000	10 888 000	11 838 000
Total Current Debt	1 695 000	2 275 000	4 174 000	1 606 000
Total Equity and Debt	23 149 000	22 136 000	24 551 000	23 240 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 161 000	16 002 000	12 696 000	9 709 000
Other Income	8 000	114 000	21 000	136 000
Revenue	14 169 000	16 116 000	12 716 000	9 845 000
Cost of Goods Sold	2 674 000	3 504 000	2 308 000	857 000
Salary Costs	2 822 000	3 184 000	2 627 000	2 807 000
Depreciation	2 485 000	2 643 000	2 506 000	1 756 000
Impairment	0	0	0	0
Expenditure	15 835 000	15 659 000	12 788 000	9 323 000
Operating Profit	−1 667 000	457 000	−72 000	523 000
Financial Income	19 000	16 000	17 000	43 000
Financial Costs	762 000	287 000	336 000	399 000
Financial Balance	−743 000	−271 000	−319 000	−356 000
Dividends	0	0	0	0
Net Income	−1 881 000	146 000	−307 000	130 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	546 000	613 000	617 000	634 000
Machinery and Plant Facilities	793 000	0	0	0
Fixtures	13 000	735 000	86 000	160 000
Total Tangible Assets	9 420 000	19 199 000	20 169 000	20 840 000
Total Fiancial Fixed Assets	0	−6 000	−10 000	0
Total Fixed Assets	9 420 000	19 193 000	20 160 000	20 840 000
Stock	82 000	100 000	70 000	135 000
Total Investments	30 000	30 000	30 000	30 000
Cash, Bank	1 684 000	2 326 000	3 352 000	1 314 000
Total Current Assets	13 729 000	2 943 000	4 391 000	2 401 000
Total Assets	23 149 000	22 136 000	24 551 000	23 240 000
Total Equity	7 754 000	9 634 000	9 489 000	9 796 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	13 700 000	10 226 000	10 888 000	11 838 000
Creditors	460 000	602 000	2 511 000	550 000
Unpaid Taxes	312 000	695 000	1 018 000	281 000
Dividends	0	0	0	0
Other Current Debt	868 000	853 000	646 000	775 000
Total Current Debt	1 695 000	2 275 000	4 174 000	1 606 000
Total Equity and Debt	23 149 000	22 136 000	24 551 000	23 240 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−24,26 %	1,52 %	−3,24 %	1,33 %
Debt-to-Equity Ratio	1,77	1,06	1,15	1,21
Operating Profit Margin	−11,77 %	2,84 %	−0,57 %	5,31 %
Current Ratio	8,1	1,29	1,05	1,5
Quick Ratio	8,51	1,35	1,07	1,63
Equity Ratio	0,33	0,44	0,39	0,42
Gross Profit Margin	81,13 %	78,26 %	81,85 %	91,3 %