MORAD AS

3370 VIKERSUND

Finances

Share Ownership

Return on Equity

92,4 %

Current Ratio

0,8

Debt-to-Equity Ratio

−6,22

Key figures (NOK)	2022	2021	2020
Revenue	4 250 000	1 477 000	303 000
Net Income	−243 000	−6 000	−44 000
Total Assets	1 720 000	689 000	338 000
Total Equity	−263 000	−20 000	−14 000

Income (NOK)	2022	2021	2020
Revenue	4 250 000	1 477 000	303 000
Expenditure	4 373 000	1 450 000	342 000
Operating Profit	−123 000	27 000	−39 000
Financial Income	1 000	0	0
Financial Costs	121 000	33 000	5 000
Financial Balance	−120 000	−33 000	−5 000
Earnings Before Tax	−243 000	−6 000	−44 000
Tax	0	0	0
Net Income	−243 000	−6 000	−44 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 441 000	587 000	270 000
Total Current Assets	279 000	101 000	68 000
Total Assets	1 720 000	689 000	338 000
Total Retained Equity	−293 000	−50 000	−44 000
Total Equity	−263 000	−20 000	−14 000
Total Long-Term Debt	1 635 000	610 000	331 000
Total Current Debt	348 000	98 000	21 000
Total Equity and Debt	1 720 000	689 000	338 000

Cash flow (NOK)	2022	2021	2020
Sales Income	4 229 000	1 477 000	303 000
Other Income	21 000	0	0
Revenue	4 250 000	1 477 000	303 000
Cost of Goods Sold	1 397 000	238 000	0
Salary Costs	1 258 000	508 000	151 000
Depreciation	360 000	147 000	67 000
Impairment	0	0	0
Expenditure	4 373 000	1 450 000	342 000
Operating Profit	−123 000	27 000	−39 000
Financial Income	1 000	0	0
Financial Costs	121 000	33 000	5 000
Financial Balance	−120 000	−33 000	−5 000
Dividends	0	0	0
Net Income	−243 000	−6 000	−44 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	587 000	270 000
Total Tangible Assets	1 441 000	587 000	270 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 441 000	587 000	270 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	271 000	57 000	68 000
Total Current Assets	279 000	101 000	68 000
Total Assets	1 720 000	689 000	338 000
Total Equity	−263 000	−20 000	−14 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 635 000	610 000	331 000
Creditors	45 000	5 000	14 000
Unpaid Taxes	181 000	72 000	−20 000
Dividends	0	0	0
Other Current Debt	122 000	17 000	20 000
Total Current Debt	348 000	98 000	21 000
Total Equity and Debt	1 720 000	689 000	338 000

Financial indicators	2022	2021	2020
Return on Equity	92,4 %	30 %	314,29 %
Debt-to-Equity Ratio	−6,22	−30,5	−23,64
Operating Profit Margin	−2,89 %	1,83 %	−12,87 %
Current Ratio	0,8	1,03	3,24
Quick Ratio	0,8	1,03	3,24
Equity Ratio	−0,15	−0,03	−0,04
Gross Profit Margin	67,13 %	83,89 %	100 %