MIDGARD GRUPPEN AS

5009 BERGEN

Finances

Return on Equity

17,51 %

Current Ratio

1,19

Debt-to-Equity Ratio

5,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 192 148 000	449 402 000	495 011 000	236 963 000
Net Income	182 958 000	80 340 000	297 490 000	20 096 000
Total Assets	6 940 877 000	6 158 617 000	3 400 738 000	3 156 845 000
Total Equity	1 045 166 000	862 208 000	701 142 000	506 565 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 192 148 000	449 402 000	495 011 000	236 963 000
Expenditure	799 198 000	282 123 000	124 039 000	133 341 000
Operating Profit	392 950 000	167 279 000	370 972 000	103 622 000
Financial Income	19 413 000	27 854 000	18 212 000	8 583 000
Financial Costs	211 777 000	104 425 000	93 562 000	92 361 000
Financial Balance	−192 364 000	−76 571 000	−75 350 000	−83 778 000
Earnings Before Tax	200 586 000	90 707 000	295 622 000	19 843 000
Tax	17 628 000	10 367 000	−1 868 000	−252 000
Net Income	182 958 000	80 340 000	297 490 000	20 096 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 648 199 000	5 935 083 000	3 134 718 000	3 061 669 000
Total Current Assets	292 679 000	223 534 000	266 020 000	95 177 000
Total Assets	6 940 877 000	6 158 617 000	3 400 738 000	3 156 845 000
Total Retained Equity	1 032 860 000	844 669 000	701 129 000	506 552 000
Total Equity	1 045 166 000	862 208 000	701 142 000	506 565 000
Total Long-Term Debt	5 650 438 000	5 048 590 000	2 660 739 000	2 578 967 000
Total Current Debt	245 273 000	247 820 000	38 857 000	71 313 000
Total Equity and Debt	6 940 877 000	6 158 617 000	3 400 738 000	3 156 845 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	399 376 000	274 007 000	175 710 000	187 344 000
Other Income	792 772 000	175 394 000	319 300 000	49 619 000
Revenue	1 192 148 000	449 402 000	495 011 000	236 963 000
Cost of Goods Sold	577 203 000	122 797 000	1 497 000	3 368 000
Salary Costs	38 750 000	26 215 000	22 559 000	21 612 000
Depreciation	83 538 000	73 437 000	52 984 000	56 428 000
Impairment	5 415 000	3 295 000	0	0
Expenditure	799 198 000	282 123 000	124 039 000	133 341 000
Operating Profit	392 950 000	167 279 000	370 972 000	103 622 000
Financial Income	19 413 000	27 854 000	18 212 000	8 583 000
Financial Costs	211 777 000	104 425 000	93 562 000	92 361 000
Financial Balance	−192 364 000	−76 571 000	−75 350 000	−83 778 000
Dividends	0	0	102 913 000	0
Net Income	182 958 000	80 340 000	297 490 000	20 096 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	78 730 000	84 146 000	0	0
Total Intangible Assets	78 730 000	84 146 000	0	424 000
Real Eastate	6 374 487 000	5 509 742 000	2 930 729 000	2 899 243 000
Machinery and Plant Facilities	12 590 000	1 525 000	139 000	185 000
Fixtures	11 149 000	13 197 000	4 017 000	3 795 000
Total Tangible Assets	6 398 225 000	5 524 464 000	2 934 886 000	2 903 223 000
Total Fiancial Fixed Assets	171 243 000	326 473 000	199 832 000	158 021 000
Total Fixed Assets	6 648 199 000	5 935 083 000	3 134 718 000	3 061 669 000
Stock	46 334 000	48 049 000	1 241 000	101 000
Total Investments	0	0	0	0
Cash, Bank	127 883 000	99 364 000	143 972 000	70 971 000
Total Current Assets	292 679 000	223 534 000	266 020 000	95 177 000
Total Assets	6 940 877 000	6 158 617 000	3 400 738 000	3 156 845 000
Total Equity	1 045 166 000	862 208 000	701 142 000	506 565 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 650 438 000	5 048 590 000	2 660 739 000	2 578 967 000
Creditors	155 139 000	100 975 000	12 933 000	28 038 000
Unpaid Taxes	8 266 000	7 415 000	3 199 000	4 040 000
Dividends	0	0	102 913 000	0
Other Current Debt	81 868 000	139 430 000	22 724 000	39 235 000
Total Current Debt	245 273 000	247 820 000	38 857 000	71 313 000
Total Equity and Debt	6 940 877 000	6 158 617 000	3 400 738 000	3 156 845 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,51 %	9,32 %	42,43 %	3,97 %
Debt-to-Equity Ratio	5,41	5,86	3,79	5,09
Operating Profit Margin	32,96 %	37,22 %	74,94 %	43,73 %
Current Ratio	1,19	0,9	6,85	1,33
Quick Ratio	1,47	1,12	7,07	1,34
Equity Ratio	0,15	0,14	0,21	0,16
Gross Profit Margin	51,58 %	72,68 %	99,7 %	98,58 %