MØRE STÅL AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

107,59 %

Current Ratio

1,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 296 000	20 383 000	10 790 000	10 994 000
Net Income	1 233 000	−368 000	−202 000	93 000
Total Assets	3 009 000	3 060 000	2 970 000	2 619 000
Total Equity	1 146 000	−88 000	280 000	482 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 296 000	20 383 000	10 790 000	10 994 000
Expenditure	12 601 000	20 787 000	10 972 000	10 738 000
Operating Profit	1 695 000	−404 000	−182 000	255 000
Financial Income	0	0	0	0
Financial Costs	62 000	66 000	91 000	122 000
Financial Balance	−62 000	−66 000	−91 000	−122 000
Earnings Before Tax	1 633 000	−470 000	−274 000	133 000
Tax	400 000	−102 000	−71 000	40 000
Net Income	1 233 000	−368 000	−202 000	93 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	366 000	599 000	515 000	687 000
Total Current Assets	2 643 000	2 461 000	2 455 000	1 932 000
Total Assets	3 009 000	3 060 000	2 970 000	2 619 000
Total Retained Equity	846 000	−388 000	−20 000	182 000
Total Equity	1 146 000	−88 000	280 000	482 000
Total Long-Term Debt	0	400 000	368 000	579 000
Total Current Debt	1 863 000	2 748 000	2 322 000	1 558 000
Total Equity and Debt	3 009 000	3 060 000	2 970 000	2 619 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 062 000	20 413 000	10 871 000	10 744 000
Other Income	234 000	−30 000	−81 000	250 000
Revenue	14 296 000	20 383 000	10 790 000	10 994 000
Cost of Goods Sold	4 906 000	11 251 000	3 747 000	2 394 000
Salary Costs	4 723 000	5 830 000	4 356 000	5 183 000
Depreciation	102 000	172 000	243 000	242 000
Impairment	0	0	0	0
Expenditure	12 601 000	20 787 000	10 972 000	10 738 000
Operating Profit	1 695 000	−404 000	−182 000	255 000
Financial Income	0	0	0	0
Financial Costs	62 000	66 000	91 000	122 000
Financial Balance	−62 000	−66 000	−91 000	−122 000
Dividends	0	0	0	0
Net Income	1 233 000	−368 000	−202 000	93 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	31 000	173 000	91 000	50 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	308 000	381 000	424 000	637 000
Total Tangible Assets	308 000	381 000	424 000	637 000
Total Fiancial Fixed Assets	26 000	45 000	0	0
Total Fixed Assets	366 000	599 000	515 000	687 000
Stock	488 000	745 000	704 000	800 000
Total Investments	0	0	0	0
Cash, Bank	924 000	92 000	72 000	133 000
Total Current Assets	2 643 000	2 461 000	2 455 000	1 932 000
Total Assets	3 009 000	3 060 000	2 970 000	2 619 000
Total Equity	1 146 000	−88 000	280 000	482 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	400 000	368 000	579 000
Creditors	353 000	628 000	1 372 000	475 000
Unpaid Taxes	576 000	767 000	429 000	431 000
Dividends	0	0	0	0
Other Current Debt	677 000	1 097 000	521 000	607 000
Total Current Debt	1 863 000	2 748 000	2 322 000	1 558 000
Total Equity and Debt	3 009 000	3 060 000	2 970 000	2 619 000

Financial indicators	2022	2021	2020	2019
Return on Equity	107,59 %	418,18 %	−72,14 %	19,29 %
Debt-to-Equity Ratio	0	−4,55	1,31	1,2
Operating Profit Margin	11,86 %	−1,98 %	−1,69 %	2,32 %
Current Ratio	1,42	0,9	1,06	1,24
Quick Ratio	1,92	1,23	1,52	2,55
Equity Ratio	0,38	−0,03	0,09	0,18
Gross Profit Margin	65,68 %	44,8 %	65,27 %	78,22 %