MIDGARD EIENDOM AS

1543 VESTBY

Finances

Return on Equity

−172,72 %

Current Ratio

9,12

Debt-to-Equity Ratio

14,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	48 419 000	171 213 000	118 622 000	0
Net Income	−20 776 000	−10 601 000	175 000	31 448 000
Total Assets	213 366 000	347 630 000	375 244 000	275 501 000
Total Equity	12 029 000	33 379 000	43 980 000	44 783 000

Income (NOK)	2022	2021	2020	2019
Revenue	48 419 000	171 213 000	118 622 000	0
Expenditure	65 415 000	156 621 000	106 147 000	941 000
Operating Profit	−16 995 000	14 592 000	12 475 000	−941 000
Financial Income	2 000	3 000	57 000	44 413 000
Financial Costs	9 050 000	24 667 000	6 315 000	11 520 000
Financial Balance	−9 048 000	−24 664 000	−6 258 000	32 893 000
Earnings Before Tax	−26 043 000	−10 071 000	6 217 000	31 952 000
Tax	−5 267 000	530 000	6 042 000	504 000
Net Income	−20 776 000	−10 601 000	175 000	31 448 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 164 000	76 324 000	86 497 000	93 326 000
Total Current Assets	197 202 000	271 306 000	288 747 000	182 175 000
Total Assets	213 366 000	347 630 000	375 244 000	275 501 000
Total Retained Equity	−31 753 000	−10 403 000	198 000	1 001 000
Total Equity	12 029 000	33 379 000	43 980 000	44 783 000
Total Long-Term Debt	179 716 000	225 670 000	202 568 000	192 261 000
Total Current Debt	21 621 000	88 581 000	128 696 000	38 458 000
Total Equity and Debt	213 366 000	347 630 000	375 244 000	275 501 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	48 419 000	171 213 000	118 622 000	0
Other Income	0	0	0	0
Revenue	48 419 000	171 213 000	118 622 000	0
Cost of Goods Sold	54 444 000	148 938 000	104 565 000	0
Salary Costs	9 597 000	1 444 000	511 000	250 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	65 415 000	156 621 000	106 147 000	941 000
Operating Profit	−16 995 000	14 592 000	12 475 000	−941 000
Financial Income	2 000	3 000	57 000	44 413 000
Financial Costs	9 050 000	24 667 000	6 315 000	11 520 000
Financial Balance	−9 048 000	−24 664 000	−6 258 000	32 893 000
Dividends	0	0	0	0
Net Income	−20 776 000	−10 601 000	175 000	31 448 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 872 000	800 000	800 000	800 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	14 292 000	75 524 000	85 697 000	92 526 000
Total Fixed Assets	16 164 000	76 324 000	86 497 000	93 326 000
Stock	160 817 000	148 645 000	196 778 000	146 858 000
Total Investments	0	0	0	0
Cash, Bank	67 000	103 000	0	4 000
Total Current Assets	197 202 000	271 306 000	288 747 000	182 175 000
Total Assets	213 366 000	347 630 000	375 244 000	275 501 000
Total Equity	12 029 000	33 379 000	43 980 000	44 783 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	179 716 000	225 670 000	202 568 000	192 261 000
Creditors	13 090 000	6 051 000	1 387 000	5 248 000
Unpaid Taxes	86 000	14 000	84 000	54 000
Dividends	0	0	0	0
Other Current Debt	5 291 000	34 692 000	72 338 000	21 807 000
Total Current Debt	21 621 000	88 581 000	128 696 000	38 458 000
Total Equity and Debt	213 366 000	347 630 000	375 244 000	275 501 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−172,72 %	−31,76 %	0,4 %	70,22 %
Debt-to-Equity Ratio	14,94	6,76	4,61	4,29
Operating Profit Margin	−35,1 %	8,52 %	10,52 %	-
Current Ratio	9,12	3,06	2,24	4,74
Quick Ratio	−1,42	−4,52	−4,24	−1,68
Equity Ratio	0,06	0,1	0,12	0,16
Gross Profit Margin	−12,44 %	13,01 %	11,85 %	-