HÅNDVERKER MORTEN STORSVEEN AS

1591 SPERREBOTN

Finances

Share Ownership

Return on Equity

21,49 %

Current Ratio

3,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 326 000	3 086 000	2 183 000	2 558 000
Net Income	254 000	444 000	−107 000	140 000
Total Assets	1 673 000	1 572 000	1 312 000	1 299 000
Total Equity	1 182 000	955 000	710 000	817 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 326 000	3 086 000	2 183 000	2 558 000
Expenditure	2 994 000	2 535 000	2 300 000	2 378 000
Operating Profit	332 000	551 000	−117 000	180 000
Financial Income	0	0	1 000	2 000
Financial Costs	4 000	13 000	21 000	2 000
Financial Balance	−4 000	−13 000	−20 000	0
Earnings Before Tax	329 000	538 000	−137 000	180 000
Tax	75 000	93 000	−30 000	40 000
Net Income	254 000	444 000	−107 000	140 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	174 000	281 000	388 000	501 000
Total Current Assets	1 499 000	1 291 000	924 000	799 000
Total Assets	1 673 000	1 572 000	1 312 000	1 299 000
Total Retained Equity	1 152 000	925 000	680 000	787 000
Total Equity	1 182 000	955 000	710 000	817 000
Total Long-Term Debt	0	10 000	255 000	22 000
Total Current Debt	491 000	607 000	348 000	460 000
Total Equity and Debt	1 673 000	1 572 000	1 312 000	1 299 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 326 000	3 086 000	2 183 000	2 542 000
Other Income	0	0	0	16 000
Revenue	3 326 000	3 086 000	2 183 000	2 558 000
Cost of Goods Sold	1 416 000	988 000	789 000	806 000
Salary Costs	1 006 000	941 000	993 000	1 024 000
Depreciation	107 000	107 000	112 000	68 000
Impairment	0	0	0	0
Expenditure	2 994 000	2 535 000	2 300 000	2 378 000
Operating Profit	332 000	551 000	−117 000	180 000
Financial Income	0	0	1 000	2 000
Financial Costs	4 000	13 000	21 000	2 000
Financial Balance	−4 000	−13 000	−20 000	0
Dividends	0	0	0	0
Net Income	254 000	444 000	−107 000	140 000

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	174 000	281 000	388 000	501 000
Total Tangible Assets	174 000	281 000	388 000	501 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	174 000	281 000	388 000	501 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 113 000	1 155 000	752 000	529 000
Total Current Assets	1 499 000	1 291 000	924 000	799 000
Total Assets	1 673 000	1 572 000	1 312 000	1 299 000
Total Equity	1 182 000	955 000	710 000	817 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	10 000	255 000	22 000
Creditors	123 000	16 000	63 000	159 000
Unpaid Taxes	166 000	164 000	154 000	161 000
Dividends	0	0	0	0
Other Current Debt	117 000	326 000	131 000	117 000
Total Current Debt	491 000	607 000	348 000	460 000
Total Equity and Debt	1 673 000	1 572 000	1 312 000	1 299 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,49 %	46,49 %	−15,07 %	17,14 %
Debt-to-Equity Ratio	0	0,01	0,36	0,03
Operating Profit Margin	9,98 %	17,85 %	−5,36 %	7,04 %
Current Ratio	3,05	2,13	2,66	1,74
Quick Ratio	3,05	2,13	2,66	1,74
Equity Ratio	0,71	0,61	0,54	0,63
Gross Profit Margin	57,43 %	67,98 %	63,86 %	68,49 %