MIDGARD FORVALTNING AS

5009 BERGEN

Finances

Share Ownership

Return on Equity

−4,04 %

Current Ratio

2,1

Debt-to-Equity Ratio

5,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 467 000	24 931 000	23 038 000	20 107 000
Net Income	−76 000	1 259 000	436 000	−235 000
Total Assets	20 618 000	28 958 000	15 230 000	16 827 000
Total Equity	1 880 000	1 955 000	696 000	260 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 467 000	24 931 000	23 038 000	20 107 000
Expenditure	31 475 000	22 908 000	22 012 000	20 048 000
Operating Profit	992 000	2 023 000	1 027 000	59 000
Financial Income	3 000	0	24 000	63 000
Financial Costs	1 079 000	397 000	435 000	423 000
Financial Balance	−1 076 000	−397 000	−411 000	−360 000
Earnings Before Tax	−84 000	1 626 000	616 000	−301 000
Tax	−9 000	367 000	179 000	−65 000
Net Income	−76 000	1 259 000	436 000	−235 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 839 000	4 216 000	2 193 000	5 588 000
Total Current Assets	16 779 000	24 742 000	13 036 000	11 239 000
Total Assets	20 618 000	28 958 000	15 230 000	16 827 000
Total Retained Equity	1 780 000	1 855 000	596 000	160 000
Total Equity	1 880 000	1 955 000	696 000	260 000
Total Long-Term Debt	10 734 000	20 466 000	10 746 000	12 873 000
Total Current Debt	8 004 000	6 537 000	3 788 000	3 694 000
Total Equity and Debt	20 618 000	28 958 000	15 230 000	16 827 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	32 074 000	24 296 000	23 038 000	20 107 000
Other Income	394 000	635 000	0	0
Revenue	32 467 000	24 931 000	23 038 000	20 107 000
Cost of Goods Sold	0	0	0	0
Salary Costs	23 218 000	15 748 000	14 808 000	13 117 000
Depreciation	1 357 000	1 053 000	781 000	615 000
Impairment	0	0	0	0
Expenditure	31 475 000	22 908 000	22 012 000	20 048 000
Operating Profit	992 000	2 023 000	1 027 000	59 000
Financial Income	3 000	0	24 000	63 000
Financial Costs	1 079 000	397 000	435 000	423 000
Financial Balance	−1 076 000	−397 000	−411 000	−360 000
Dividends	0	0	0	0
Net Income	−76 000	1 259 000	436 000	−235 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	349 000	953 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 839 000	4 216 000	1 844 000	2 124 000
Total Tangible Assets	3 839 000	4 216 000	1 844 000	2 124 000
Total Fiancial Fixed Assets	0	0	0	2 510 000
Total Fixed Assets	3 839 000	4 216 000	2 193 000	5 588 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 983 000	1 742 000	8 015 000	4 579 000
Total Current Assets	16 779 000	24 742 000	13 036 000	11 239 000
Total Assets	20 618 000	28 958 000	15 230 000	16 827 000
Total Equity	1 880 000	1 955 000	696 000	260 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 734 000	20 466 000	10 746 000	12 873 000
Creditors	1 800 000	1 084 000	452 000	556 000
Unpaid Taxes	3 046 000	2 138 000	963 000	1 552 000
Dividends	0	0	0	0
Other Current Debt	3 159 000	3 314 000	2 373 000	1 586 000
Total Current Debt	8 004 000	6 537 000	3 788 000	3 694 000
Total Equity and Debt	20 618 000	28 958 000	15 230 000	16 827 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,04 %	64,4 %	62,64 %	−90,38 %
Debt-to-Equity Ratio	5,71	10,47	15,44	49,51
Operating Profit Margin	3,06 %	8,11 %	4,46 %	0,29 %
Current Ratio	2,1	3,78	3,44	3,04
Quick Ratio	2,1	3,78	3,44	3,04
Equity Ratio	0,09	0,07	0,05	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %