MOREWATER AS

6456 SKÅLA

Finances

Share Ownership

Return on Equity

19,11 %

Current Ratio

1,14

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 060 000	1 041 000	940 000	829 000
Net Income	30 000	81 000	5 000	−36 000
Total Assets	529 000	480 000	400 000	244 000
Total Equity	157 000	142 000	101 000	96 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 060 000	1 041 000	940 000	829 000
Expenditure	1 022 000	936 000	933 000	875 000
Operating Profit	38 000	104 000	6 000	−46 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	38 000	104 000	6 000	−46 000
Tax	8 000	23 000	1 000	−10 000
Net Income	30 000	81 000	5 000	−36 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	113 000	122 000	56 000	32 000
Total Current Assets	416 000	358 000	343 000	211 000
Total Assets	529 000	480 000	400 000	244 000
Total Retained Equity	97 000	82 000	41 000	36 000
Total Equity	157 000	142 000	101 000	96 000
Total Long-Term Debt	8 000	6 000	0	0
Total Current Debt	364 000	332 000	299 000	148 000
Total Equity and Debt	529 000	480 000	400 000	244 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 060 000	1 030 000	940 000	829 000
Other Income	0	11 000	0	0
Revenue	1 060 000	1 041 000	940 000	829 000
Cost of Goods Sold	0	0	0	0
Salary Costs	780 000	691 000	699 000	760 000
Depreciation	9 000	7 000	0	12 000
Impairment	0	0	0	0
Expenditure	1 022 000	936 000	933 000	875 000
Operating Profit	38 000	104 000	6 000	−46 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	15 000	40 000	0	0
Net Income	30 000	81 000	5 000	−36 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	11 000	12 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	113 000	122 000	46 000	0
Total Tangible Assets	113 000	122 000	46 000	0
Total Fiancial Fixed Assets	0	0	0	20 000
Total Fixed Assets	113 000	122 000	56 000	32 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	406 000	278 000	231 000	108 000
Total Current Assets	416 000	358 000	343 000	211 000
Total Assets	529 000	480 000	400 000	244 000
Total Equity	157 000	142 000	101 000	96 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 000	6 000	0	0
Creditors	13 000	12 000	7 000	27 000
Unpaid Taxes	276 000	251 000	231 000	54 000
Dividends	15 000	40 000	0	0
Other Current Debt	70 000	63 000	61 000	66 000
Total Current Debt	364 000	332 000	299 000	148 000
Total Equity and Debt	529 000	480 000	400 000	244 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,11 %	57,04 %	4,95 %	−37,5 %
Debt-to-Equity Ratio	0,05	0,04	0	0
Operating Profit Margin	3,58 %	9,99 %	0,64 %	−5,55 %
Current Ratio	1,14	1,08	1,15	1,43
Quick Ratio	1,14	1,08	1,15	1,43
Equity Ratio	0,3	0,3	0,25	0,39
Gross Profit Margin	100 %	100 %	100 %	100 %