MORAY SYSTEMS AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

2 296,89 %

Current Ratio

0,31

Debt-to-Equity Ratio

−12,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 770 000	48 589 000	71 547 000	45 313 000
Net Income	−3 698 000	1 442 000	5 475 000	2 839 000
Total Assets	16 270 000	28 250 000	39 007 000	21 192 000
Total Equity	−161 000	834 000	5 858 000	1 529 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 770 000	48 589 000	71 547 000	45 313 000
Expenditure	11 907 000	46 577 000	63 948 000	41 601 000
Operating Profit	−4 137 000	2 012 000	7 598 000	3 712 000
Financial Income	172 000	218 000	202 000	35 000
Financial Costs	677 000	219 000	688 000	70 000
Financial Balance	−505 000	−1 000	−486 000	−35 000
Earnings Before Tax	−4 642 000	2 011 000	7 113 000	3 677 000
Tax	−944 000	569 000	1 638 000	837 000
Net Income	−3 698 000	1 442 000	5 475 000	2 839 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 767 000	20 586 000	11 175 000	133 000
Total Current Assets	4 503 000	7 664 000	27 831 000	21 059 000
Total Assets	16 270 000	28 250 000	39 007 000	21 192 000
Total Retained Equity	−2 958 000	740 000	5 764 000	1 434 000
Total Equity	−161 000	834 000	5 858 000	1 529 000
Total Long-Term Debt	2 067 000	7 645 000	5 017 000	82 000
Total Current Debt	14 364 000	19 772 000	28 132 000	19 581 000
Total Equity and Debt	16 270 000	28 250 000	39 007 000	21 192 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 770 000	48 582 000	71 054 000	44 324 000
Other Income	0	7 000	493 000	989 000
Revenue	7 770 000	48 589 000	71 547 000	45 313 000
Cost of Goods Sold	3 871 000	37 040 000	54 804 000	36 364 000
Salary Costs	3 189 000	4 888 000	4 664 000	1 838 000
Depreciation	55 000	88 000	77 000	57 000
Impairment	0	0	0	0
Expenditure	11 907 000	46 577 000	63 948 000	41 601 000
Operating Profit	−4 137 000	2 012 000	7 598 000	3 712 000
Financial Income	172 000	218 000	202 000	35 000
Financial Costs	677 000	219 000	688 000	70 000
Financial Balance	−505 000	−1 000	−486 000	−35 000
Dividends	0	5 500 000	1 000 000	1 500 000
Net Income	−3 698 000	1 442 000	5 475 000	2 839 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	196 000	14 000	0	0
Real Eastate	16 000	16 000	16 000	16 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	131 000	85 000	144 000	117 000
Total Tangible Assets	147 000	102 000	161 000	133 000
Total Fiancial Fixed Assets	11 425 000	20 471 000	11 015 000	0
Total Fixed Assets	11 767 000	20 586 000	11 175 000	133 000
Stock	0	0	0	0
Total Investments	62 000	62 000	57 000	50 000
Cash, Bank	73 000	840 000	12 800 000	182 000
Total Current Assets	4 503 000	7 664 000	27 831 000	21 059 000
Total Assets	16 270 000	28 250 000	39 007 000	21 192 000
Total Equity	−161 000	834 000	5 858 000	1 529 000
Short-Term Group Debt	186 000	1 425 000	186 000	0
Total Long-Term Debt	2 067 000	7 645 000	5 017 000	82 000
Creditors	2 550 000	7 550 000	20 952 000	13 647 000
Unpaid Taxes	110 000	284 000	802 000	1 408 000
Dividends	0	5 500 000	1 000 000	1 500 000
Other Current Debt	5 199 000	220 000	391 000	2 261 000
Total Current Debt	14 364 000	19 772 000	28 132 000	19 581 000
Total Equity and Debt	16 270 000	28 250 000	39 007 000	21 192 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2 296,89 %	172,9 %	93,46 %	185,68 %
Debt-to-Equity Ratio	−12,84	9,17	0,86	0,05
Operating Profit Margin	−53,24 %	4,14 %	10,62 %	8,19 %
Current Ratio	0,31	0,39	0,99	1,08
Quick Ratio	0,31	0,39	0,99	1,08
Equity Ratio	−0,01	0,03	0,15	0,07
Gross Profit Margin	50,18 %	23,77 %	23,4 %	19,75 %