MICHAEL EEG INVEST AS

4610 KRISTIANSAND S

Finances

Return on Equity

−47,75 %

Current Ratio

1,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 175 000	1 258 000	1 850 000	0
Net Income	−5 494 000	−1 168 000	33 652 000	−531 000
Total Assets	17 278 000	20 417 000	26 343 000	1 242 000
Total Equity	11 506 000	19 950 000	26 252 000	−800 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 175 000	1 258 000	1 850 000	0
Expenditure	2 556 000	2 425 000	2 012 000	611 000
Operating Profit	619 000	−1 167 000	−163 000	−611 000
Financial Income	0	0	34 016 000	0
Financial Costs	6 113 000	1 000	12 000	50 000
Financial Balance	−6 113 000	−1 000	34 004 000	−50 000
Earnings Before Tax	−5 494 000	−1 168 000	33 842 000	−661 000
Tax	0	0	190 000	−130 000
Net Income	−5 494 000	−1 168 000	33 652 000	−531 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 902 000	12 410 000	12 410 000	1 193 000
Total Current Assets	10 375 000	8 007 000	13 933 000	50 000
Total Assets	17 278 000	20 417 000	26 343 000	1 242 000
Total Retained Equity	11 476 000	19 920 000	26 222 000	−830 000
Total Equity	11 506 000	19 950 000	26 252 000	−800 000
Total Long-Term Debt	0	0	0	1 800 000
Total Current Debt	5 771 000	467 000	91 000	243 000
Total Equity and Debt	17 278 000	20 417 000	26 343 000	1 242 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 175 000	1 258 000	1 850 000	0
Other Income	0	0	0	0
Revenue	3 175 000	1 258 000	1 850 000	0
Cost of Goods Sold	0	0	1 800 000	0
Salary Costs	2 237 000	2 312 000	23 000	564 000
Depreciation	5 000	0	0	0
Impairment	0	0	0	0
Expenditure	2 556 000	2 425 000	2 012 000	611 000
Operating Profit	619 000	−1 167 000	−163 000	−611 000
Financial Income	0	0	34 016 000	0
Financial Costs	6 113 000	1 000	12 000	50 000
Financial Balance	−6 113 000	−1 000	34 004 000	−50 000
Dividends	100 000	0	0	0
Net Income	−5 494 000	−1 168 000	33 652 000	−531 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	165 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	20 000	0	0	0
Total Tangible Assets	20 000	0	0	0
Total Fiancial Fixed Assets	6 883 000	12 410 000	12 410 000	1 028 000
Total Fixed Assets	6 902 000	12 410 000	12 410 000	1 193 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 576 000	7 094 000	13 863 000	10 000
Total Current Assets	10 375 000	8 007 000	13 933 000	50 000
Total Assets	17 278 000	20 417 000	26 343 000	1 242 000
Total Equity	11 506 000	19 950 000	26 252 000	−800 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 800 000
Creditors	0	6 000	1 000	2 000
Unpaid Taxes	840 000	141 000	1 000	29 000
Dividends	100 000	0	0	0
Other Current Debt	325 000	320 000	63 000	52 000
Total Current Debt	5 771 000	467 000	91 000	243 000
Total Equity and Debt	17 278 000	20 417 000	26 343 000	1 242 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−47,75 %	−5,85 %	128,19 %	66,38 %
Debt-to-Equity Ratio	0	0	0	−2,25
Operating Profit Margin	19,5 %	−92,77 %	−8,81 %	-
Current Ratio	1,8	17,15	153,11	0,21
Quick Ratio	1,8	17,15	153,11	0,21
Equity Ratio	0,67	0,98	1	−0,64
Gross Profit Margin	100 %	100 %	2,7 %	-