MORTEN GLENDRANGE EIENDOM AS

4400 FLEKKEFJORD

Finances

Share Ownership

Return on Equity

20,77 %

Current Ratio

1,1

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 028 000	901 000	889 000	877 000
Net Income	399 000	483 000	346 000	408 000
Total Assets	3 216 000	2 875 000	2 707 000	2 553 000
Total Equity	1 921 000	1 522 000	1 539 000	1 739 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 028 000	901 000	889 000	877 000
Expenditure	508 000	275 000	439 000	352 000
Operating Profit	519 000	625 000	450 000	525 000
Financial Income	3 000	3 000	2 000	3 000
Financial Costs	10 000	9 000	9 000	5 000
Financial Balance	−7 000	−6 000	−7 000	−2 000
Earnings Before Tax	512 000	619 000	443 000	524 000
Tax	113 000	136 000	97 000	115 000
Net Income	399 000	483 000	346 000	408 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 142 000	2 171 000	2 189 000	2 163 000
Total Current Assets	1 075 000	704 000	518 000	390 000
Total Assets	3 216 000	2 875 000	2 707 000	2 553 000
Total Retained Equity	1 891 000	1 492 000	1 509 000	1 709 000
Total Equity	1 921 000	1 522 000	1 539 000	1 739 000
Total Long-Term Debt	314 000	426 000	539 000	35 000
Total Current Debt	981 000	927 000	629 000	780 000
Total Equity and Debt	3 216 000	2 875 000	2 707 000	2 553 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 028 000	901 000	889 000	877 000
Revenue	1 028 000	901 000	889 000	877 000
Cost of Goods Sold	0	0	0	0
Salary Costs	243 000	57 000	34 000	34 000
Depreciation	29 000	34 000	31 000	32 000
Impairment	0	0	0	0
Expenditure	508 000	275 000	439 000	352 000
Operating Profit	519 000	625 000	450 000	525 000
Financial Income	3 000	3 000	2 000	3 000
Financial Costs	10 000	9 000	9 000	5 000
Financial Balance	−7 000	−6 000	−7 000	−2 000
Dividends	0	0	345 000	200 000
Net Income	399 000	483 000	346 000	408 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 134 000	2 157 000	2 180 000	2 146 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	8 000	14 000	9 000	17 000
Total Tangible Assets	2 142 000	2 171 000	2 189 000	2 163 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 142 000	2 171 000	2 189 000	2 163 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 070 000	702 000	518 000	388 000
Total Current Assets	1 075 000	704 000	518 000	390 000
Total Assets	3 216 000	2 875 000	2 707 000	2 553 000
Total Equity	1 921 000	1 522 000	1 539 000	1 739 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	314 000	426 000	539 000	35 000
Creditors	−2 000	0	0	4 000
Unpaid Taxes	223 000	231 000	179 000	216 000
Dividends	0	0	345 000	200 000
Other Current Debt	647 000	558 000	7 000	129 000
Total Current Debt	981 000	927 000	629 000	780 000
Total Equity and Debt	3 216 000	2 875 000	2 707 000	2 553 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,77 %	31,73 %	22,48 %	23,46 %
Debt-to-Equity Ratio	0,16	0,28	0,35	0,02
Operating Profit Margin	50,49 %	69,37 %	50,62 %	59,86 %
Current Ratio	1,1	0,76	0,82	0,5
Quick Ratio	1,1	0,76	0,82	0,5
Equity Ratio	0,6	0,53	0,57	0,68
Gross Profit Margin	100 %	100 %	100 %	100 %