A. MIDTBØEN ELEKTRO AS

3850 KVITESEID

Finances

Share Ownership

Return on Equity

17,41 %

Current Ratio

1,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 692 000	3 184 000	2 232 000	3 034 000
Net Income	220 000	327 000	214 000	217 000
Total Assets	2 724 000	3 619 000	3 039 000	2 943 000
Total Equity	1 264 000	1 044 000	2 217 000	2 003 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 692 000	3 184 000	2 232 000	3 034 000
Expenditure	3 441 000	2 775 000	1 986 000	2 757 000
Operating Profit	251 000	409 000	246 000	277 000
Financial Income	8 000	10 000	13 000	16 000
Financial Costs	1 000	1 000	0	1 000
Financial Balance	7 000	9 000	13 000	15 000
Earnings Before Tax	257 000	417 000	258 000	292 000
Tax	38 000	90 000	44 000	75 000
Net Income	220 000	327 000	214 000	217 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	9 000
Total Current Assets	2 724 000	3 619 000	3 039 000	2 934 000
Total Assets	2 724 000	3 619 000	3 039 000	2 943 000
Total Retained Equity	1 164 000	944 000	2 117 000	1 903 000
Total Equity	1 264 000	1 044 000	2 217 000	2 003 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 460 000	2 574 000	822 000	940 000
Total Equity and Debt	2 724 000	3 619 000	3 039 000	2 943 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 672 000	3 183 000	2 232 000	3 034 000
Other Income	20 000	0	0	0
Revenue	3 692 000	3 184 000	2 232 000	3 034 000
Cost of Goods Sold	1 434 000	1 129 000	620 000	1 028 000
Salary Costs	1 601 000	1 224 000	1 053 000	1 349 000
Depreciation	0	0	9 000	35 000
Impairment	0	0	0	0
Expenditure	3 441 000	2 775 000	1 986 000	2 757 000
Operating Profit	251 000	409 000	246 000	277 000
Financial Income	8 000	10 000	13 000	16 000
Financial Costs	1 000	1 000	0	1 000
Financial Balance	7 000	9 000	13 000	15 000
Dividends	0	1 500 000	0	0
Net Income	220 000	327 000	214 000	217 000

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	0	0	0	9 000
Total Tangible Assets	0	0	0	9 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	9 000
Stock	447 000	560 000	436 000	330 000
Total Investments	0	0	0	0
Cash, Bank	1 328 000	2 613 000	1 925 000	1 613 000
Total Current Assets	2 724 000	3 619 000	3 039 000	2 934 000
Total Assets	2 724 000	3 619 000	3 039 000	2 943 000
Total Equity	1 264 000	1 044 000	2 217 000	2 003 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	55 000	137 000	25 000	79 000
Unpaid Taxes	356 000	259 000	246 000	269 000
Dividends	0	1 500 000	0	0
Other Current Debt	1 011 000	589 000	506 000	516 000
Total Current Debt	1 460 000	2 574 000	822 000	940 000
Total Equity and Debt	2 724 000	3 619 000	3 039 000	2 943 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,41 %	31,32 %	9,65 %	10,83 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,8 %	12,85 %	11,02 %	9,13 %
Current Ratio	1,87	1,41	3,7	3,12
Quick Ratio	2,69	1,8	7,87	4,81
Equity Ratio	0,46	0,29	0,73	0,68
Gross Profit Margin	61,16 %	64,54 %	72,22 %	66,12 %