MORTERUD VANNVERK SA

2133 GARDVIK

Finances

Share Ownership

Return on Equity

8,72 %

Current Ratio

11,63

Debt-to-Equity Ratio

Key figures (NOK)	2014	2013	2012	2011
Revenue	400 000	213 000	213 000	236 000
Net Income	62 000	−6 000	−63 000	3 000
Total Assets	774 000	685 000	778 000	786 000
Total Equity	711 000	648 000	654 000	717 000

Income (NOK)	2014	2013	2012	2011
Revenue	400 000	213 000	213 000	236 000
Expenditure	346 000	226 000	288 000	246 000
Operating Profit	53 000	−14 000	−75 000	−10 000
Financial Income	9 000	10 000	14 000	14 000
Financial Costs	0	0	0	0
Financial Balance	9 000	10 000	14 000	14 000
Earnings Before Tax	62 000	−4 000	−61 000	4 000
Tax	0	2 000	2 000	1 000
Net Income	62 000	−6 000	−63 000	3 000

Balance (NOK)	2014	2013	2012	2011
Total Fixed Assets	41 000	51 000	61 000	38 000
Total Current Assets	733 000	634 000	717 000	748 000
Total Assets	774 000	685 000	778 000	786 000
Total Retained Equity	412 000	350 000	356 000	419 000
Total Equity	711 000	648 000	654 000	717 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	63 000	37 000	124 000	68 000
Total Equity and Debt	774 000	685 000	778 000	786 000

Cash flow (NOK)	2014	2013	2012	2011
Sales Income	348 000	213 000	213 000	236 000
Other Income	52 000	0	0	0
Revenue	400 000	213 000	213 000	236 000
Cost of Goods Sold	0	0	6 000	33 000
Salary Costs	46 000	−2 000	22 000	22 000
Depreciation	10 000	10 000	9 000	3 000
Impairment	0	0	0	0
Expenditure	346 000	226 000	288 000	246 000
Operating Profit	53 000	−14 000	−75 000	−10 000
Financial Income	9 000	10 000	14 000	14 000
Financial Costs	0	0	0	0
Financial Balance	9 000	10 000	14 000	14 000
Dividends	0	0	0	0
Net Income	62 000	−6 000	−63 000	3 000

Balance details (NOK)	2014	2013	2012	2011
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	28 000	32 000	0	0
Machinery and Plant Facilities	0	0	0	38 000
Fixtures	13 000	19 000	61 000	0
Total Tangible Assets	41 000	51 000	61 000	38 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	41 000	51 000	61 000	38 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	689 000	615 000	687 000	696 000
Total Current Assets	733 000	634 000	717 000	748 000
Total Assets	774 000	685 000	778 000	786 000
Total Equity	711 000	648 000	654 000	717 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	45 000	30 000	98 000	51 000
Unpaid Taxes	16 000	5 000	6 000	6 000
Dividends	0	0	0	0
Other Current Debt	2 000	0	18 000	11 000
Total Current Debt	63 000	37 000	124 000	68 000
Total Equity and Debt	774 000	685 000	778 000	786 000

Financial indicators	2014	2013	2012	2011
Return on Equity	8,72 %	−0,93 %	−9,63 %	0,42 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,25 %	−6,57 %	−35,21 %	−4,24 %
Current Ratio	11,63	17,14	5,78	11
Quick Ratio	11,63	17,14	5,78	11
Equity Ratio	0,92	0,95	0,84	0,91
Gross Profit Margin	100 %	100 %	97,18 %	86,02 %