MORAD VEST AS

6012 ÅLESUND

Finances

Share Ownership

Return on Equity

16,12 %

Current Ratio

2,04

Debt-to-Equity Ratio

1,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 892 000	4 113 000	4 353 000	4 441 000
Net Income	78 000	0	158 000	99 000
Total Assets	1 668 000	1 696 000	1 433 000	1 137 000
Total Equity	484 000	406 000	407 000	249 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 892 000	4 113 000	4 353 000	4 441 000
Expenditure	5 736 000	4 079 000	4 113 000	4 266 000
Operating Profit	156 000	35 000	239 000	175 000
Financial Income	0	0	1 000	2 000
Financial Costs	57 000	35 000	36 000	48 000
Financial Balance	−57 000	−35 000	−35 000	−46 000
Earnings Before Tax	100 000	0	203 000	128 000
Tax	22 000	0	45 000	29 000
Net Income	78 000	0	158 000	99 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	520 000	681 000	189 000	273 000
Total Current Assets	1 149 000	1 016 000	1 245 000	865 000
Total Assets	1 668 000	1 696 000	1 433 000	1 137 000
Total Retained Equity	284 000	206 000	207 000	49 000
Total Equity	484 000	406 000	407 000	249 000
Total Long-Term Debt	622 000	759 000	283 000	369 000
Total Current Debt	562 000	531 000	743 000	519 000
Total Equity and Debt	1 668 000	1 696 000	1 433 000	1 137 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 892 000	4 061 000	4 353 000	4 441 000
Other Income	0	53 000	0	0
Revenue	5 892 000	4 113 000	4 353 000	4 441 000
Cost of Goods Sold	3 007 000	1 242 000	1 433 000	1 644 000
Salary Costs	1 828 000	1 836 000	1 750 000	1 749 000
Depreciation	170 000	89 000	87 000	84 000
Impairment	0	0	0	0
Expenditure	5 736 000	4 079 000	4 113 000	4 266 000
Operating Profit	156 000	35 000	239 000	175 000
Financial Income	0	0	1 000	2 000
Financial Costs	57 000	35 000	36 000	48 000
Financial Balance	−57 000	−35 000	−35 000	−46 000
Dividends	0	0	0	0
Net Income	78 000	0	158 000	99 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	9 000	9 000	6 000
Real Eastate	41 000	41 000	60 000	78 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	479 000	630 000	119 000	188 000
Total Tangible Assets	520 000	671 000	179 000	266 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	520 000	681 000	189 000	273 000
Stock	745 000	648 000	587 000	447 000
Total Investments	0	0	0	0
Cash, Bank	11 000	−218 000	63 000	19 000
Total Current Assets	1 149 000	1 016 000	1 245 000	865 000
Total Assets	1 668 000	1 696 000	1 433 000	1 137 000
Total Equity	484 000	406 000	407 000	249 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	622 000	759 000	283 000	369 000
Creditors	76 000	81 000	74 000	30 000
Unpaid Taxes	277 000	179 000	230 000	236 000
Dividends	0	0	0	0
Other Current Debt	198 000	271 000	159 000	163 000
Total Current Debt	562 000	531 000	743 000	519 000
Total Equity and Debt	1 668 000	1 696 000	1 433 000	1 137 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,12 %	0 %	38,82 %	39,76 %
Debt-to-Equity Ratio	1,29	1,87	0,7	1,48
Operating Profit Margin	2,65 %	0,85 %	5,49 %	3,94 %
Current Ratio	2,04	1,91	1,68	1,67
Quick Ratio	−6,28	−8,68	7,98	12,01
Equity Ratio	0,29	0,24	0,28	0,22
Gross Profit Margin	48,96 %	69,8 %	67,08 %	62,98 %