MIDNOR SAFETY AS

7940 OTTERSØY

Finances

Share Ownership

Return on Equity

41,48 %

Current Ratio

2,76

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 011 000	6 410 000	4 753 000	3 549 000
Net Income	735 000	305 000	125 000	135 000
Total Assets	3 008 000	2 117 000	1 719 000	853 000
Total Equity	1 772 000	1 037 000	732 000	607 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 011 000	6 410 000	4 753 000	3 549 000
Expenditure	6 054 000	6 006 000	4 581 000	3 364 000
Operating Profit	957 000	404 000	171 000	187 000
Financial Income	3 000	4 000	3 000	6 000
Financial Costs	17 000	16 000	10 000	20 000
Financial Balance	−14 000	−12 000	−7 000	−14 000
Earnings Before Tax	943 000	392 000	164 000	173 000
Tax	207 000	87 000	40 000	38 000
Net Income	735 000	305 000	125 000	135 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	478 000	461 000	418 000	98 000
Total Current Assets	2 530 000	1 656 000	1 301 000	756 000
Total Assets	3 008 000	2 117 000	1 719 000	853 000
Total Retained Equity	1 300 000	564 000	259 000	135 000
Total Equity	1 772 000	1 037 000	732 000	607 000
Total Long-Term Debt	320 000	376 000	431 000	0
Total Current Debt	916 000	705 000	556 000	246 000
Total Equity and Debt	3 008 000	2 117 000	1 719 000	853 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 011 000	6 410 000	4 703 000	3 415 000
Other Income	0	1 000	50 000	134 000
Revenue	7 011 000	6 410 000	4 753 000	3 549 000
Cost of Goods Sold	3 060 000	3 591 000	2 503 000	1 604 000
Salary Costs	1 981 000	1 438 000	1 185 000	1 082 000
Depreciation	103 000	85 000	19 000	28 000
Impairment	0	0	0	0
Expenditure	6 054 000	6 006 000	4 581 000	3 364 000
Operating Profit	957 000	404 000	171 000	187 000
Financial Income	3 000	4 000	3 000	6 000
Financial Costs	17 000	16 000	10 000	20 000
Financial Balance	−14 000	−12 000	−7 000	−14 000
Dividends	0	0	0	0
Net Income	735 000	305 000	125 000	135 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	84 000	107 000	32 000	72 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	394 000	354 000	386 000	26 000
Total Tangible Assets	394 000	354 000	386 000	26 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	478 000	461 000	418 000	98 000
Stock	894 000	336 000	248 000	235 000
Total Investments	0	0	0	0
Cash, Bank	829 000	625 000	415 000	312 000
Total Current Assets	2 530 000	1 656 000	1 301 000	756 000
Total Assets	3 008 000	2 117 000	1 719 000	853 000
Total Equity	1 772 000	1 037 000	732 000	607 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	320 000	376 000	431 000	0
Creditors	204 000	247 000	215 000	61 000
Unpaid Taxes	298 000	200 000	74 000	93 000
Dividends	0	0	0	0
Other Current Debt	221 000	166 000	267 000	92 000
Total Current Debt	916 000	705 000	556 000	246 000
Total Equity and Debt	3 008 000	2 117 000	1 719 000	853 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,48 %	29,41 %	17,08 %	22,24 %
Debt-to-Equity Ratio	0,18	0,36	0,59	0
Operating Profit Margin	13,65 %	6,3 %	3,6 %	5,27 %
Current Ratio	2,76	2,35	2,34	3,07
Quick Ratio	115	4,49	4,22	68,73
Equity Ratio	0,59	0,49	0,43	0,71
Gross Profit Margin	56,35 %	43,98 %	47,34 %	54,8 %