MORROW BATTERIES ASA

4836 ARENDAL

Finances

Return on Equity

−9,39 %

Current Ratio

4,75

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 504 000	4 625 000	0	0
Net Income	−106 119 000	−37 308 000	−6 830 000	−16 000
Total Assets	1 244 337 000	268 797 000	60 865 000	1 107 000
Total Equity	1 129 815 000	249 699 000	59 294 000	1 104 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 504 000	4 625 000	0	0
Expenditure	189 939 000	53 882 000	8 772 000	0
Operating Profit	−162 435 000	−49 258 000	−8 772 000	0
Financial Income	30 254 000	252 000	23 000	−5 000
Financial Costs	9 361 000	108 000	5 000	9 000
Financial Balance	20 893 000	144 000	18 000	−14 000
Earnings Before Tax	−141 542 000	−49 113 000	−8 755 000	−14 000
Tax	−35 423 000	−11 806 000	−1 925 000	2 000
Net Income	−106 119 000	−37 308 000	−6 830 000	−16 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	765 983 000	53 195 000	33 030 000	0
Total Current Assets	478 354 000	215 602 000	27 835 000	1 107 000
Total Assets	1 244 337 000	268 797 000	60 865 000	1 107 000
Total Retained Equity	−153 950 000	−44 043 000	−6 736 000	1 074 000
Total Equity	1 129 815 000	249 699 000	59 294 000	1 104 000
Total Long-Term Debt	13 853 000	2 839 000	0	0
Total Current Debt	100 669 000	16 258 000	1 570 000	2 000
Total Equity and Debt	1 244 337 000	268 797 000	60 865 000	1 107 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 504 000	0	0	0
Other Income	0	4 625 000	0	0
Revenue	27 504 000	4 625 000	0	0
Cost of Goods Sold	0	2 031 000	136 000	0
Salary Costs	106 772 000	27 836 000	4 296 000	0
Depreciation	2 745 000	435 000	68 000	0
Impairment	0	0	0	0
Expenditure	189 939 000	53 882 000	8 772 000	0
Operating Profit	−162 435 000	−49 258 000	−8 772 000	0
Financial Income	30 254 000	252 000	23 000	−5 000
Financial Costs	9 361 000	108 000	5 000	9 000
Financial Balance	20 893 000	144 000	18 000	−14 000
Dividends	0	0	0	0
Net Income	−106 119 000	−37 308 000	−6 830 000	−16 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	24 500 000	0	0	0
Total Intangible Assets	154 624 000	13 728 000	1 922 000	0
Real Eastate	477 583 000	8 010 000	0	0
Machinery and Plant Facilities	5 615 000	1 003 000	891 000	0
Fixtures	80 000	68 000	117 000	0
Total Tangible Assets	483 278 000	9 081 000	1 007 000	0
Total Fiancial Fixed Assets	128 081 000	30 387 000	30 100 000	0
Total Fixed Assets	765 983 000	53 195 000	33 030 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	430 123 000	205 190 000	25 232 000	1 107 000
Total Current Assets	478 354 000	215 602 000	27 835 000	1 107 000
Total Assets	1 244 337 000	268 797 000	60 865 000	1 107 000
Total Equity	1 129 815 000	249 699 000	59 294 000	1 104 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	13 853 000	2 839 000	0	0
Creditors	62 608 000	5 544 000	623 000	0
Unpaid Taxes	2 580 000	1 628 000	264 000	0
Dividends	0	0	0	0
Other Current Debt	35 481 000	9 086 000	684 000	0
Total Current Debt	100 669 000	16 258 000	1 570 000	2 000
Total Equity and Debt	1 244 337 000	268 797 000	60 865 000	1 107 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,39 %	−14,94 %	−11,52 %	−1,45 %
Debt-to-Equity Ratio	0,01	0,01	0	0
Operating Profit Margin	−590,59 %	−1 065,04 %	-	-
Current Ratio	4,75	13,26	17,73	553,5
Quick Ratio	4,75	13,26	17,73	553,5
Equity Ratio	0,91	0,93	0,97	1
Gross Profit Margin	100 %	56,09 %	-	-