MORROW INDUSTRIALIZATION CENTER AS

4836 ARENDAL

Finances

Share Ownership

Return on Equity

−11,7 %

Current Ratio

7,6

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−19 112 000	−17 000	−6 000	−58 000
Total Assets	175 121 000	77 000	95 000	100 000
Total Equity	163 400 000	77 000	94 000	100 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	24 567 000	23 000	7 000	39 000
Operating Profit	−24 567 000	−23 000	−7 000	−39 000
Financial Income	1 061 000	0	0	0
Financial Costs	997 000	0	0	36 000
Financial Balance	64 000	0	0	−36 000
Earnings Before Tax	−24 503 000	−23 000	−6 000	−75 000
Tax	−5 391 000	−6 000	0	−16 000
Net Income	−19 112 000	−17 000	−6 000	−58 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	136 528 000	6 000	0	0
Total Current Assets	38 593 000	71 000	95 000	100 000
Total Assets	175 121 000	77 000	95 000	100 000
Total Retained Equity	−19 136 000	−23 000	−6 000	0
Total Equity	163 400 000	77 000	94 000	100 000
Total Long-Term Debt	6 645 000	0	0	0
Total Current Debt	5 075 000	0	2 000	0
Total Equity and Debt	175 120 000	77 000	95 000	100 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	2 900 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	24 567 000	23 000	7 000	39 000
Operating Profit	−24 567 000	−23 000	−7 000	−39 000
Financial Income	1 061 000	0	0	0
Financial Costs	997 000	0	0	36 000
Financial Balance	64 000	0	0	−36 000
Dividends	0	0	0	0
Net Income	−19 112 000	−17 000	−6 000	−58 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 397 000	6 000	0	0
Real Eastate	76 531 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	76 531 000	0	0	0
Total Fiancial Fixed Assets	54 600 000	0	0	0
Total Fixed Assets	136 528 000	6 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	35 556 000	71 000	95 000	25 000
Total Current Assets	38 593 000	71 000	95 000	100 000
Total Assets	175 121 000	77 000	95 000	100 000
Total Equity	163 400 000	77 000	94 000	100 000
Short-Term Group Debt	0	0	2 000	0
Total Long-Term Debt	6 645 000	0	0	0
Creditors	3 021 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 054 000	0	0	0
Total Current Debt	5 075 000	0	2 000	0
Total Equity and Debt	175 120 000	77 000	95 000	100 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,7 %	−22,08 %	−6,38 %	−58 %
Debt-to-Equity Ratio	0,04	0	0	0
Operating Profit Margin	-	-	-	-
Current Ratio	7,6	-	47,5	-
Quick Ratio	7,6	-	47,5	-
Equity Ratio	0,93	1	0,99	1
Gross Profit Margin	-	-	-	-