MORTEC AS

1359 EIKSMARKA

Finances

Return on Equity

41,14 %

Current Ratio

4,13

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 650 000	2 092 000	1 389 000	542 000
Net Income	1 403 000	949 000	515 000	348 000
Total Assets	4 483 000	2 473 000	1 446 000	671 000
Total Equity	3 410 000	2 006 000	1 057 000	542 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 650 000	2 092 000	1 389 000	542 000
Expenditure	860 000	874 000	728 000	98 000
Operating Profit	1 791 000	1 217 000	660 000	444 000
Financial Income	9 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	9 000	0	0	0
Earnings Before Tax	1 800 000	1 217 000	661 000	444 000
Tax	396 000	268 000	145 000	97 000
Net Income	1 403 000	949 000	515 000	348 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	50 000	50 000	0	0
Total Current Assets	4 433 000	2 423 000	1 446 000	671 000
Total Assets	4 483 000	2 473 000	1 446 000	671 000
Total Retained Equity	3 210 000	1 806 000	857 000	348 000
Total Equity	3 410 000	2 006 000	1 057 000	542 000
Total Long-Term Debt	0	0	2 000	0
Total Current Debt	1 073 000	466 000	387 000	129 000
Total Equity and Debt	4 483 000	2 473 000	1 446 000	671 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 650 000	2 092 000	1 389 000	542 000
Other Income	0	0	0	0
Revenue	2 650 000	2 092 000	1 389 000	542 000
Cost of Goods Sold	40 000	38 000	62 000	75 000
Salary Costs	709 000	703 000	620 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	860 000	874 000	728 000	98 000
Operating Profit	1 791 000	1 217 000	660 000	444 000
Financial Income	9 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	9 000	0	0	0
Dividends	0	0	0	0
Net Income	1 403 000	949 000	515 000	348 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	50 000	50 000	0	0
Total Fixed Assets	50 000	50 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 367 000	2 405 000	979 000	624 000
Total Current Assets	4 433 000	2 423 000	1 446 000	671 000
Total Assets	4 483 000	2 473 000	1 446 000	671 000
Total Equity	3 410 000	2 006 000	1 057 000	542 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	2 000	0
Creditors	4 000	0	0	0
Unpaid Taxes	598 000	123 000	177 000	32 000
Dividends	0	0	0	0
Other Current Debt	75 000	74 000	67 000	0
Total Current Debt	1 073 000	466 000	387 000	129 000
Total Equity and Debt	4 483 000	2 473 000	1 446 000	671 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,14 %	47,31 %	48,72 %	64,21 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	67,58 %	58,17 %	47,52 %	81,92 %
Current Ratio	4,13	5,2	3,74	5,2
Quick Ratio	4,13	5,2	3,74	5,2
Equity Ratio	0,76	0,81	0,73	0,81
Gross Profit Margin	98,49 %	98,18 %	95,54 %	86,16 %