M.MORTENSEN AS

7540 KLÆBU

Finances

Share Ownership

Return on Equity

2 %

Current Ratio

3,89

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 236 000	1 347 000	1 179 000	1 307 000
Net Income	15 000	93 000	26 000	113 000
Total Assets	1 048 000	985 000	831 000	806 000
Total Equity	750 000	735 000	641 000	615 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 236 000	1 347 000	1 179 000	1 307 000
Expenditure	1 213 000	1 228 000	1 145 000	1 162 000
Operating Profit	23 000	120 000	34 000	145 000
Financial Income	0	0	0	0
Financial Costs	4 000	0	1 000	0
Financial Balance	−4 000	0	−1 000	0
Earnings Before Tax	19 000	120 000	33 000	145 000
Tax	4 000	26 000	7 000	32 000
Net Income	15 000	93 000	26 000	113 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	246 000	179 000	31 000	48 000
Total Current Assets	801 000	805 000	800 000	758 000
Total Assets	1 048 000	985 000	831 000	806 000
Total Retained Equity	720 000	705 000	611 000	585 000
Total Equity	750 000	735 000	641 000	615 000
Total Long-Term Debt	92 000	0	0	0
Total Current Debt	206 000	250 000	189 000	190 000
Total Equity and Debt	1 048 000	985 000	831 000	806 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 236 000	1 371 000	1 219 000	1 172 000
Other Income	0	−24 000	−39 000	135 000
Revenue	1 236 000	1 347 000	1 179 000	1 307 000
Cost of Goods Sold	97 000	22 000	37 000	113 000
Salary Costs	778 000	780 000	763 000	771 000
Depreciation	49 000	36 000	21 000	21 000
Impairment	0	0	0	0
Expenditure	1 213 000	1 228 000	1 145 000	1 162 000
Operating Profit	23 000	120 000	34 000	145 000
Financial Income	0	0	0	0
Financial Costs	4 000	0	1 000	0
Financial Balance	−4 000	0	−1 000	0
Dividends	0	0	0	0
Net Income	15 000	93 000	26 000	113 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 000	5 000	7 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	133 000	171 000	7 000	14 000
Fixtures	112 000	3 000	17 000	31 000
Total Tangible Assets	245 000	174 000	24 000	45 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	246 000	179 000	31 000	48 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	787 000	625 000	776 000	626 000
Total Current Assets	801 000	805 000	800 000	758 000
Total Assets	1 048 000	985 000	831 000	806 000
Total Equity	750 000	735 000	641 000	615 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	92 000	0	0	0
Creditors	34 000	15 000	10 000	8 000
Unpaid Taxes	99 000	133 000	94 000	80 000
Dividends	0	0	0	0
Other Current Debt	73 000	77 000	74 000	68 000
Total Current Debt	206 000	250 000	189 000	190 000
Total Equity and Debt	1 048 000	985 000	831 000	806 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2 %	12,65 %	4,06 %	18,37 %
Debt-to-Equity Ratio	0,12	0	0	0
Operating Profit Margin	1,86 %	8,91 %	2,88 %	11,09 %
Current Ratio	3,89	3,22	4,23	3,99
Quick Ratio	3,89	3,22	4,23	3,99
Equity Ratio	0,72	0,75	0,77	0,76
Gross Profit Margin	92,15 %	98,37 %	96,86 %	91,35 %