MOREWOOD AS

6460 EIDSVÅG I ROMSDAL

Finances

Share Ownership

Return on Equity

−1,02 %

Current Ratio

19,63

Debt-to-Equity Ratio

0,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	796 000	937 000	518 000	613 000
Net Income	−7 000	381 000	79 000	104 000
Total Assets	922 000	1 068 000	667 000	460 000
Total Equity	689 000	696 000	236 000	156 000

Income (NOK)	2022	2021	2020	2019
Revenue	796 000	937 000	518 000	613 000
Expenditure	795 000	448 000	408 000	474 000
Operating Profit	1 000	489 000	110 000	140 000
Financial Income	0	0	0	0
Financial Costs	10 000	0	9 000	7 000
Financial Balance	−10 000	0	−9 000	−7 000
Earnings Before Tax	−9 000	489 000	102 000	133 000
Tax	−2 000	108 000	22 000	29 000
Net Income	−7 000	381 000	79 000	104 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	176 000	213 000	37 000	0
Total Current Assets	746 000	855 000	629 000	460 000
Total Assets	922 000	1 068 000	667 000	460 000
Total Retained Equity	659 000	666 000	206 000	126 000
Total Equity	689 000	696 000	236 000	156 000
Total Long-Term Debt	195 000	244 000	307 000	223 000
Total Current Debt	38 000	128 000	124 000	81 000
Total Equity and Debt	922 000	1 068 000	667 000	460 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	796 000	937 000	518 000	613 000
Other Income	0	0	0	0
Revenue	796 000	937 000	518 000	613 000
Cost of Goods Sold	635 000	552 000	322 000	437 000
Salary Costs	0	0	0	0
Depreciation	36 000	23 000	1 000	0
Impairment	0	0	0	0
Expenditure	795 000	448 000	408 000	474 000
Operating Profit	1 000	489 000	110 000	140 000
Financial Income	0	0	0	0
Financial Costs	10 000	0	9 000	7 000
Financial Balance	−10 000	0	−9 000	−7 000
Dividends	0	0	0	0
Net Income	−7 000	381 000	79 000	104 000

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	119 000	148 000	37 000	0
Fixtures	22 000	28 000	0	0
Total Tangible Assets	141 000	177 000	37 000	0
Total Fiancial Fixed Assets	36 000	36 000	0	0
Total Fixed Assets	176 000	213 000	37 000	0
Stock	575 000	595 000	564 000	387 000
Total Investments	0	0	0	0
Cash, Bank	140 000	258 000	62 000	74 000
Total Current Assets	746 000	855 000	629 000	460 000
Total Assets	922 000	1 068 000	667 000	460 000
Total Equity	689 000	696 000	236 000	156 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	195 000	244 000	307 000	223 000
Creditors	0	2 000	57 000	28 000
Unpaid Taxes	38 000	22 000	4 000	13 000
Dividends	0	0	0	0
Other Current Debt	0	0	43 000	4 000
Total Current Debt	38 000	128 000	124 000	81 000
Total Equity and Debt	922 000	1 068 000	667 000	460 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,02 %	54,74 %	33,47 %	66,67 %
Debt-to-Equity Ratio	0,28	0,35	1,3	1,43
Operating Profit Margin	0,13 %	52,19 %	21,24 %	22,84 %
Current Ratio	19,63	6,68	5,07	5,68
Quick Ratio	−1,39	−1,83	−1,43	−1,5
Equity Ratio	0,75	0,65	0,35	0,34
Gross Profit Margin	20,23 %	41,09 %	37,84 %	28,71 %