MORTEN WERRINGS REDERI AS

0778 OSLO

Finances

Return on Equity

−2,44 %

Current Ratio

3,41

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	114 000	115 000	259 000
Net Income	−589 000	−8 036 000	30 111 000	−6 658 000
Total Assets	31 119 000	43 081 000	65 196 000	36 537 000
Total Equity	24 163 000	31 633 000	49 616 000	27 479 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	114 000	115 000	259 000
Expenditure	769 000	1 790 000	−710 000	4 531 000
Operating Profit	−769 000	−1 676 000	825 000	−4 272 000
Financial Income	355 000	6 672 000	39 005 000	1 488 000
Financial Costs	340 000	13 465 000	3 650 000	5 560 000
Financial Balance	15 000	−6 793 000	35 355 000	−4 072 000
Earnings Before Tax	−753 000	−8 469 000	36 181 000	−8 345 000
Tax	−165 000	−433 000	6 070 000	−1 687 000
Net Income	−589 000	−8 036 000	30 111 000	−6 658 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 230 000	13 901 000	30 314 000	18 797 000
Total Current Assets	22 889 000	29 180 000	34 882 000	17 740 000
Total Assets	31 119 000	43 081 000	65 196 000	36 537 000
Total Retained Equity	0	117 000	13 220 000	−11 860 000
Total Equity	24 163 000	31 633 000	49 616 000	27 479 000
Total Long-Term Debt	243 000	407 000	840 000	305 000
Total Current Debt	6 714 000	11 041 000	14 740 000	8 752 000
Total Equity and Debt	31 119 000	43 081 000	65 196 000	36 537 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	28 000	115 000	259 000
Other Income	0	87 000	0	0
Revenue	0	114 000	115 000	259 000
Cost of Goods Sold	0	0	0	0
Salary Costs	285 000	382 000	275 000	3 568 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	769 000	1 790 000	−710 000	4 531 000
Operating Profit	−769 000	−1 676 000	825 000	−4 272 000
Financial Income	355 000	6 672 000	39 005 000	1 488 000
Financial Costs	340 000	13 465 000	3 650 000	5 560 000
Financial Balance	15 000	−6 793 000	35 355 000	−4 072 000
Dividends	6 882 000	9 947 000	4 974 000	362 000
Net Income	−589 000	−8 036 000	30 111 000	−6 658 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	5 405 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	26 000	26 000	26 000	26 000
Total Tangible Assets	26 000	26 000	26 000	26 000
Total Fiancial Fixed Assets	8 204 000	13 875 000	30 287 000	13 366 000
Total Fixed Assets	8 230 000	13 901 000	30 314 000	18 797 000
Stock	0	0	0	0
Total Investments	23 000	61 000	8 535 000	13 032 000
Cash, Bank	22 849 000	28 002 000	892 000	3 479 000
Total Current Assets	22 889 000	29 180 000	34 882 000	17 740 000
Total Assets	31 119 000	43 081 000	65 196 000	36 537 000
Total Equity	24 163 000	31 633 000	49 616 000	27 479 000
Short-Term Group Debt	0	897 000	8 370 000	4 346 000
Total Long-Term Debt	243 000	407 000	840 000	305 000
Creditors	179 000	178 000	215 000	498 000
Unpaid Taxes	0	3 000	5 000	137 000
Dividends	6 882 000	9 947 000	4 974 000	362 000
Other Current Debt	38 000	16 000	1 176 000	3 409 000
Total Current Debt	6 714 000	11 041 000	14 740 000	8 752 000
Total Equity and Debt	31 119 000	43 081 000	65 196 000	36 537 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,44 %	−25,4 %	60,69 %	−24,23 %
Debt-to-Equity Ratio	0,01	0,01	0,02	0,01
Operating Profit Margin	-	−1 470,18 %	717,39 %	−1 649,42 %
Current Ratio	3,41	2,64	2,37	2,03
Quick Ratio	3,41	2,64	2,37	2,03
Equity Ratio	0,78	0,73	0,76	0,75
Gross Profit Margin	-	100 %	100 %	100 %