MØRE ELEKTRO AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

126,64 %

Current Ratio

0,6

Debt-to-Equity Ratio

1,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 022 000	1 924 000	1 909 000	1 879 000
Net Income	1 122 000	872 000	986 000	918 000
Total Assets	4 203 000	4 435 000	5 015 000	5 332 000
Total Equity	886 000	964 000	1 092 000	1 106 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 022 000	1 924 000	1 909 000	1 879 000
Expenditure	507 000	742 000	549 000	581 000
Operating Profit	1 515 000	1 182 000	1 361 000	1 298 000
Financial Income	0	5 000	0	1 000
Financial Costs	76 000	68 000	96 000	122 000
Financial Balance	−76 000	−63 000	−96 000	−121 000
Earnings Before Tax	1 439 000	1 118 000	1 265 000	1 177 000
Tax	317 000	246 000	279 000	259 000
Net Income	1 122 000	872 000	986 000	918 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 235 000	3 494 000	3 755 000	4 028 000
Total Current Assets	967 000	941 000	1 260 000	1 304 000
Total Assets	4 203 000	4 435 000	5 015 000	5 332 000
Total Retained Equity	786 000	864 000	992 000	106 000
Total Equity	886 000	964 000	1 092 000	1 106 000
Total Long-Term Debt	1 700 000	2 125 000	2 550 000	2 984 000
Total Current Debt	1 617 000	1 346 000	1 373 000	1 242 000
Total Equity and Debt	4 203 000	4 435 000	5 015 000	5 332 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	1 879 000
Other Income	2 022 000	1 924 000	1 909 000	0
Revenue	2 022 000	1 924 000	1 909 000	1 879 000
Cost of Goods Sold	0	0	0	0
Salary Costs	78 000	88 000	97 000	86 000
Depreciation	285 000	285 000	285 000	287 000
Impairment	0	0	0	0
Expenditure	507 000	742 000	549 000	581 000
Operating Profit	1 515 000	1 182 000	1 361 000	1 298 000
Financial Income	0	5 000	0	1 000
Financial Costs	76 000	68 000	96 000	122 000
Financial Balance	−76 000	−63 000	−96 000	−121 000
Dividends	1 200 000	1 000 000	1 000 000	900 000
Net Income	1 122 000	872 000	986 000	918 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	62 000	36 000	12 000	0
Real Eastate	240 000	240 000	240 000	4 028 000
Machinery and Plant Facilities	2 934 000	3 218 000	3 503 000	0
Fixtures	0	0	0	0
Total Tangible Assets	3 174 000	3 458 000	3 743 000	4 028 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 235 000	3 494 000	3 755 000	4 028 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	947 000	922 000	1 242 000	1 285 000
Total Current Assets	967 000	941 000	1 260 000	1 304 000
Total Assets	4 203 000	4 435 000	5 015 000	5 332 000
Total Equity	886 000	964 000	1 092 000	1 106 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 700 000	2 125 000	2 550 000	2 984 000
Creditors	3 000	0	1 000	0
Unpaid Taxes	34 000	42 000	37 000	25 000
Dividends	1 200 000	1 000 000	1 000 000	900 000
Other Current Debt	37 000	35 000	36 000	39 000
Total Current Debt	1 617 000	1 346 000	1 373 000	1 242 000
Total Equity and Debt	4 203 000	4 435 000	5 015 000	5 332 000

Financial indicators	2022	2021	2020	2019
Return on Equity	126,64 %	90,46 %	90,29 %	83 %
Debt-to-Equity Ratio	1,92	2,2	2,34	2,7
Operating Profit Margin	74,93 %	61,43 %	71,29 %	69,08 %
Current Ratio	0,6	0,7	0,92	1,05
Quick Ratio	0,6	0,7	0,92	1,05
Equity Ratio	0,21	0,22	0,22	0,21
Gross Profit Margin	100 %	100 %	100 %	100 %