MORTEN'S AS

2830 RAUFOSS

Finances

Share Ownership

Return on Equity

33,12 %

Current Ratio

1,09

Debt-to-Equity Ratio

1,51

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 518 000	3 942 000	3 601 000	4 959 000
Net Income	51 000	45 000	11 000	49 000
Total Assets	1 258 000	1 196 000	906 000	1 108 000
Total Equity	154 000	203 000	158 000	147 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 518 000	3 942 000	3 601 000	4 959 000
Expenditure	4 435 000	3 874 000	3 586 000	4 898 000
Operating Profit	83 000	68 000	15 000	60 000
Financial Income	1 000	2 000	2 000	2 000
Financial Costs	15 000	9 000	3 000	0
Financial Balance	−14 000	−7 000	−1 000	2 000
Earnings Before Tax	70 000	61 000	15 000	62 000
Tax	18 000	17 000	4 000	13 000
Net Income	51 000	45 000	11 000	49 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	307 000	361 000	164 000	237 000
Total Current Assets	951 000	835 000	742 000	871 000
Total Assets	1 258 000	1 196 000	906 000	1 108 000
Total Retained Equity	124 000	173 000	128 000	117 000
Total Equity	154 000	203 000	158 000	147 000
Total Long-Term Debt	233 000	288 000	35 000	6 000
Total Current Debt	871 000	705 000	713 000	954 000
Total Equity and Debt	1 258 000	1 196 000	906 000	1 108 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 470 000	3 842 000	3 444 000	4 641 000
Other Income	48 000	100 000	158 000	318 000
Revenue	4 518 000	3 942 000	3 601 000	4 959 000
Cost of Goods Sold	1 606 000	1 245 000	1 089 000	1 516 000
Salary Costs	1 683 000	1 616 000	1 562 000	2 354 000
Depreciation	98 000	98 000	73 000	62 000
Impairment	0	0	0	0
Expenditure	4 435 000	3 874 000	3 586 000	4 898 000
Operating Profit	83 000	68 000	15 000	60 000
Financial Income	1 000	2 000	2 000	2 000
Financial Costs	15 000	9 000	3 000	0
Financial Balance	−14 000	−7 000	−1 000	2 000
Dividends	100 000	0	0	0
Net Income	51 000	45 000	11 000	49 000

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	307 000	361 000	164 000	237 000
Total Tangible Assets	307 000	361 000	164 000	237 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	307 000	361 000	164 000	237 000
Stock	51 000	63 000	53 000	49 000
Total Investments	0	0	0	0
Cash, Bank	657 000	471 000	366 000	587 000
Total Current Assets	951 000	835 000	742 000	871 000
Total Assets	1 258 000	1 196 000	906 000	1 108 000
Total Equity	154 000	203 000	158 000	147 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	233 000	288 000	35 000	6 000
Creditors	258 000	219 000	228 000	231 000
Unpaid Taxes	212 000	198 000	216 000	335 000
Dividends	100 000	0	0	0
Other Current Debt	283 000	271 000	259 000	372 000
Total Current Debt	871 000	705 000	713 000	954 000
Total Equity and Debt	1 258 000	1 196 000	906 000	1 108 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,12 %	22,17 %	6,96 %	33,33 %
Debt-to-Equity Ratio	1,51	1,42	0,22	0,04
Operating Profit Margin	1,84 %	1,73 %	0,42 %	1,21 %
Current Ratio	1,09	1,18	1,04	0,91
Quick Ratio	1,16	1,3	1,12	0,96
Equity Ratio	0,12	0,17	0,17	0,13
Gross Profit Margin	64,45 %	68,42 %	69,76 %	69,43 %