MORKEN AS

7011 TRONDHEIM

Finances

Share Ownership

Return on Equity

17,23 %

Current Ratio

4,18

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 548 000	6 417 000	5 393 000	4 949 000
Net Income	521 000	549 000	450 000	58 000
Total Assets	4 265 000	3 486 000	3 034 000	2 570 000
Total Equity	3 024 000	2 503 000	1 955 000	1 505 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 548 000	6 417 000	5 393 000	4 949 000
Expenditure	5 873 000	5 699 000	4 798 000	4 848 000
Operating Profit	674 000	719 000	596 000	101 000
Financial Income	7 000	0	0	0
Financial Costs	14 000	15 000	20 000	27 000
Financial Balance	−7 000	−15 000	−20 000	−27 000
Earnings Before Tax	668 000	704 000	576 000	74 000
Tax	147 000	155 000	127 000	16 000
Net Income	521 000	549 000	450 000	58 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	330 000	270 000	322 000	333 000
Total Current Assets	3 935 000	3 216 000	2 711 000	2 237 000
Total Assets	4 265 000	3 486 000	3 034 000	2 570 000
Total Retained Equity	2 377 000	1 856 000	1 308 000	858 000
Total Equity	3 024 000	2 503 000	1 955 000	1 505 000
Total Long-Term Debt	300 000	300 000	300 000	278 000
Total Current Debt	941 000	682 000	779 000	787 000
Total Equity and Debt	4 265 000	3 486 000	3 034 000	2 570 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 548 000	6 416 000	5 374 000	4 949 000
Other Income	0	1 000	20 000	0
Revenue	6 548 000	6 417 000	5 393 000	4 949 000
Cost of Goods Sold	3 191 000	3 110 000	2 591 000	2 467 000
Salary Costs	1 683 000	1 643 000	1 292 000	1 459 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	5 873 000	5 699 000	4 798 000	4 848 000
Operating Profit	674 000	719 000	596 000	101 000
Financial Income	7 000	0	0	0
Financial Costs	14 000	15 000	20 000	27 000
Financial Balance	−7 000	−15 000	−20 000	−27 000
Dividends	0	0	0	0
Net Income	521 000	549 000	450 000	58 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	330 000	270 000	322 000	333 000
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	0	0	0	0
Total Fixed Assets	330 000	270 000	322 000	333 000
Stock	2 864 000	2 700 000	2 059 000	2 166 000
Total Investments	0	0	0	0
Cash, Bank	1 007 000	476 000	510 000	61 000
Total Current Assets	3 935 000	3 216 000	2 711 000	2 237 000
Total Assets	4 265 000	3 486 000	3 034 000	2 570 000
Total Equity	3 024 000	2 503 000	1 955 000	1 505 000
Short-Term Group Debt	2 000	0	0	3 000
Total Long-Term Debt	300 000	300 000	300 000	278 000
Creditors	231 000	261 000	294 000	248 000
Unpaid Taxes	355 000	176 000	256 000	246 000
Dividends	0	0	0	0
Other Current Debt	146 000	143 000	113 000	128 000
Total Current Debt	941 000	682 000	779 000	787 000
Total Equity and Debt	4 265 000	3 486 000	3 034 000	2 570 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,23 %	21,93 %	23,02 %	3,85 %
Debt-to-Equity Ratio	0,1	0,12	0,15	0,18
Operating Profit Margin	10,29 %	11,2 %	11,05 %	2,04 %
Current Ratio	4,18	4,72	3,48	2,84
Quick Ratio	−2,05	−1,59	−2,12	−1,62
Equity Ratio	0,71	0,72	0,64	0,59
Gross Profit Margin	51,27 %	51,53 %	51,96 %	50,15 %