MIDGAR AS

1358 JAR

Finances

Return on Equity

71,12 %

Current Ratio

5,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	91 325 000	1 722 000	3 431 000	3 320 000
Net Income	95 960 000	1 546 000	3 013 000	3 082 000
Total Assets	161 172 000	65 961 000	69 415 000	71 551 000
Total Equity	134 921 000	63 961 000	64 415 000	66 402 000

Income (NOK)	2022	2021	2020	2019
Revenue	91 325 000	1 722 000	3 431 000	3 320 000
Expenditure	408 000	297 000	512 000	190 000
Operating Profit	90 917 000	1 425 000	2 918 000	3 130 000
Financial Income	6 412 000	155 000	95 000	96 000
Financial Costs	118 000	35 000	1 000	0
Financial Balance	6 294 000	120 000	94 000	96 000
Earnings Before Tax	97 211 000	1 546 000	3 013 000	3 226 000
Tax	1 251 000	0	0	144 000
Net Income	95 960 000	1 546 000	3 013 000	3 082 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 104 000	13 416 000	12 708 000	12 483 000
Total Current Assets	146 068 000	52 545 000	56 707 000	59 068 000
Total Assets	161 172 000	65 961 000	69 415 000	71 551 000
Total Retained Equity	134 821 000	63 861 000	64 315 000	66 302 000
Total Equity	134 921 000	63 961 000	64 415 000	66 402 000
Total Long-Term Debt	1 000	0	0	0
Total Current Debt	26 250 000	2 000 000	5 000 000	5 149 000
Total Equity and Debt	161 172 000	65 961 000	69 415 000	71 551 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	91 325 000	1 722 000	3 431 000	3 320 000
Revenue	91 325 000	1 722 000	3 431 000	3 320 000
Cost of Goods Sold	307 000	149 000	151 000	124 000
Salary Costs	0	0	0	0
Depreciation	15 000	2 000	0	0
Impairment	0	0	0	0
Expenditure	408 000	297 000	512 000	190 000
Operating Profit	90 917 000	1 425 000	2 918 000	3 130 000
Financial Income	6 412 000	155 000	95 000	96 000
Financial Costs	118 000	35 000	1 000	0
Financial Balance	6 294 000	120 000	94 000	96 000
Dividends	0	2 000 000	0	5 000 000
Net Income	95 960 000	1 546 000	3 013 000	3 082 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	27 000	42 000	0	0
Total Tangible Assets	27 000	42 000	0	0
Total Fiancial Fixed Assets	15 077 000	13 374 000	12 708 000	12 483 000
Total Fixed Assets	15 104 000	13 416 000	12 708 000	12 483 000
Stock	0	0	0	0
Total Investments	51 673 000	45 369 000	43 767 000	46 050 000
Cash, Bank	94 395 000	7 176 000	12 940 000	13 018 000
Total Current Assets	146 068 000	52 545 000	56 707 000	59 068 000
Total Assets	161 172 000	65 961 000	69 415 000	71 551 000
Total Equity	134 921 000	63 961 000	64 415 000	66 402 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	0	0	0
Creditors	0	0	0	5 000
Unpaid Taxes	0	0	0	0
Dividends	0	2 000 000	0	5 000 000
Other Current Debt	0	0	0	0
Total Current Debt	26 250 000	2 000 000	5 000 000	5 149 000
Total Equity and Debt	161 172 000	65 961 000	69 415 000	71 551 000

Financial indicators	2022	2021	2020	2019
Return on Equity	71,12 %	2,42 %	4,68 %	4,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	99,55 %	82,75 %	85,05 %	94,28 %
Current Ratio	5,56	26,27	11,34	11,47
Quick Ratio	5,56	26,27	11,34	11,47
Equity Ratio	0,84	0,97	0,93	0,93
Gross Profit Margin	99,66 %	91,35 %	95,6 %	96,27 %