MIDGARD NÆRING AS

5009 BERGEN

Finances

Return on Equity

36,17 %

Current Ratio

1,13

Debt-to-Equity Ratio

2,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	26 000 000	0	0	0
Net Income	139 233 000	132 458 000	2 791 000	3 400 000
Total Assets	1 516 770 000	1 287 279 000	930 038 000	627 018 000
Total Equity	384 930 000	251 278 000	118 820 000	121 215 000

Income (NOK)	2022	2021	2020	2019
Revenue	26 000 000	0	0	0
Expenditure	24 780 000	390 000	943 000	379 000
Operating Profit	1 221 000	−390 000	−943 000	−379 000
Financial Income	182 293 000	154 830 000	20 166 000	21 868 000
Financial Costs	37 166 000	20 289 000	15 380 000	16 492 000
Financial Balance	145 127 000	134 541 000	4 786 000	5 376 000
Earnings Before Tax	146 348 000	134 150 000	3 843 000	4 997 000
Tax	7 115 000	1 692 000	1 052 000	1 597 000
Net Income	139 233 000	132 458 000	2 791 000	3 400 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 447 455 000	1 267 072 000	894 174 000	604 949 000
Total Current Assets	69 315 000	20 207 000	35 864 000	22 069 000
Total Assets	1 516 770 000	1 287 279 000	930 038 000	627 018 000
Total Retained Equity	332 399 000	198 748 000	66 290 000	70 448 000
Total Equity	384 930 000	251 278 000	118 820 000	121 215 000
Total Long-Term Debt	1 070 744 000	960 794 000	797 985 000	459 911 000
Total Current Debt	61 095 000	75 207 000	13 232 000	45 893 000
Total Equity and Debt	1 516 770 000	1 287 279 000	930 038 000	627 018 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 000 000	0	0	0
Other Income	0	0	0	0
Revenue	26 000 000	0	0	0
Cost of Goods Sold	23 844 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	24 780 000	390 000	943 000	379 000
Operating Profit	1 221 000	−390 000	−943 000	−379 000
Financial Income	182 293 000	154 830 000	20 166 000	21 868 000
Financial Costs	37 166 000	20 289 000	15 380 000	16 492 000
Financial Balance	145 127 000	134 541 000	4 786 000	5 376 000
Dividends	0	0	0	0
Net Income	139 233 000	132 458 000	2 791 000	3 400 000

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	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 447 455 000	1 267 072 000	894 174 000	604 949 000
Total Fixed Assets	1 447 455 000	1 267 072 000	894 174 000	604 949 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	14 977 000	236 000	18 301 000	5 963 000
Total Current Assets	69 315 000	20 207 000	35 864 000	22 069 000
Total Assets	1 516 770 000	1 287 279 000	930 038 000	627 018 000
Total Equity	384 930 000	251 278 000	118 820 000	121 215 000
Short-Term Group Debt	49 671 000	60 637 000	12 122 000	44 205 000
Total Long-Term Debt	1 070 744 000	960 794 000	797 985 000	459 911 000
Creditors	513 000	396 000	94 000	74 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	10 911 000	14 173 000	1 016 000	1 614 000
Total Current Debt	61 095 000	75 207 000	13 232 000	45 893 000
Total Equity and Debt	1 516 770 000	1 287 279 000	930 038 000	627 018 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,17 %	52,71 %	2,35 %	2,8 %
Debt-to-Equity Ratio	2,78	3,82	6,72	3,79
Operating Profit Margin	4,7 %	-	-	-
Current Ratio	1,13	0,27	2,71	0,48
Quick Ratio	1,13	0,27	2,71	0,48
Equity Ratio	0,25	0,2	0,13	0,19
Gross Profit Margin	8,29 %	-	-	-