MIDT ELEKTRO AS

7290 STØREN

Finances

Return on Equity

5,73 %

Current Ratio

2,17

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 864 000	34 970 000	28 433 000	37 279 000
Net Income	564 000	2 472 000	2 372 000	3 003 000
Total Assets	16 146 000	16 001 000	17 743 000	15 104 000
Total Equity	9 841 000	9 858 000	7 386 000	7 400 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 864 000	34 970 000	28 433 000	37 279 000
Expenditure	31 280 000	31 902 000	25 507 000	33 553 000
Operating Profit	584 000	3 067 000	2 926 000	3 726 000
Financial Income	142 000	115 000	135 000	151 000
Financial Costs	0	7 000	6 000	9 000
Financial Balance	142 000	108 000	129 000	142 000
Earnings Before Tax	726 000	3 175 000	3 055 000	3 868 000
Tax	162 000	703 000	683 000	864 000
Net Income	564 000	2 472 000	2 372 000	3 003 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 481 000	2 382 000	1 703 000	2 179 000
Total Current Assets	13 665 000	13 619 000	16 040 000	12 924 000
Total Assets	16 146 000	16 001 000	17 743 000	15 104 000
Total Retained Equity	3 883 000	3 900 000	3 803 000	3 817 000
Total Equity	9 841 000	9 858 000	7 386 000	7 400 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 305 000	6 143 000	10 357 000	7 704 000
Total Equity and Debt	16 146 000	16 001 000	17 743 000	15 104 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	31 864 000	34 970 000	28 433 000	37 279 000
Other Income	0	0	0	0
Revenue	31 864 000	34 970 000	28 433 000	37 279 000
Cost of Goods Sold	13 295 000	14 533 000	10 723 000	16 215 000
Salary Costs	13 878 000	13 197 000	11 510 000	13 527 000
Depreciation	774 000	905 000	753 000	820 000
Impairment	0	0	0	0
Expenditure	31 280 000	31 902 000	25 507 000	33 553 000
Operating Profit	584 000	3 067 000	2 926 000	3 726 000
Financial Income	142 000	115 000	135 000	151 000
Financial Costs	0	7 000	6 000	9 000
Financial Balance	142 000	108 000	129 000	142 000
Dividends	0	0	0	1 000 000
Net Income	564 000	2 472 000	2 372 000	3 003 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	154 000	152 000	186 000	196 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 251 000	2 223 000	1 511 000	1 974 000
Fixtures	69 000	0	0	0
Total Tangible Assets	2 320 000	2 223 000	1 511 000	1 974 000
Total Fiancial Fixed Assets	6 000	6 000	6 000	9 000
Total Fixed Assets	2 481 000	2 382 000	1 703 000	2 179 000
Stock	1 763 000	1 511 000	1 384 000	1 262 000
Total Investments	0	0	0	0
Cash, Bank	424 000	443 000	10 693 000	4 382 000
Total Current Assets	13 665 000	13 619 000	16 040 000	12 924 000
Total Assets	16 146 000	16 001 000	17 743 000	15 104 000
Total Equity	9 841 000	9 858 000	7 386 000	7 400 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 142 000	1 936 000	3 095 000	1 437 000
Unpaid Taxes	2 358 000	1 652 000	1 287 000	1 902 000
Dividends	0	0	0	1 000 000
Other Current Debt	1 806 000	2 555 000	5 975 000	3 365 000
Total Current Debt	6 305 000	6 143 000	10 357 000	7 704 000
Total Equity and Debt	16 146 000	16 001 000	17 743 000	15 104 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,73 %	25,08 %	32,11 %	40,58 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,83 %	8,77 %	10,29 %	9,99 %
Current Ratio	2,17	2,22	1,55	1,68
Quick Ratio	3,01	2,94	1,79	2,01
Equity Ratio	0,61	0,62	0,42	0,49
Gross Profit Margin	58,28 %	58,44 %	62,29 %	56,5 %