KAARE MORTENSEN AS

3274 LARVIK

Finances

Share Ownership

Return on Equity

21,63 %

Current Ratio

1,47

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	134 675 000	140 195 000	127 978 000	101 800 000
Net Income	7 696 000	14 017 000	13 531 000	2 442 000
Total Assets	67 319 000	69 271 000	61 246 000	42 791 000
Total Equity	35 585 000	30 889 000	22 871 000	16 340 000

Income (NOK)	2022	2021	2020	2019
Revenue	134 675 000	140 195 000	127 978 000	101 800 000
Expenditure	123 716 000	122 474 000	110 109 000	99 975 000
Operating Profit	10 959 000	17 720 000	17 870 000	1 826 000
Financial Income	0	475 000	2 000	1 747 000
Financial Costs	1 078 000	218 000	519 000	436 000
Financial Balance	−1 078 000	257 000	−517 000	1 311 000
Earnings Before Tax	9 881 000	17 977 000	17 353 000	3 136 000
Tax	2 185 000	3 960 000	3 822 000	694 000
Net Income	7 696 000	14 017 000	13 531 000	2 442 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 848 000	25 231 000	19 818 000	17 041 000
Total Current Assets	41 472 000	44 040 000	41 428 000	25 750 000
Total Assets	67 319 000	69 271 000	61 246 000	42 791 000
Total Retained Equity	35 385 000	30 689 000	22 671 000	16 140 000
Total Equity	35 585 000	30 889 000	22 871 000	16 340 000
Total Long-Term Debt	3 504 000	6 041 000	7 915 000	8 381 000
Total Current Debt	28 230 000	32 342 000	30 460 000	18 070 000
Total Equity and Debt	67 319 000	69 271 000	61 246 000	42 791 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	133 760 000	137 901 000	125 677 000	100 919 000
Other Income	915 000	2 294 000	2 301 000	881 000
Revenue	134 675 000	140 195 000	127 978 000	101 800 000
Cost of Goods Sold	70 003 000	70 054 000	62 591 000	56 351 000
Salary Costs	30 305 000	31 267 000	28 177 000	25 852 000
Depreciation	6 307 000	6 022 000	5 585 000	5 619 000
Impairment	0	0	0	0
Expenditure	123 716 000	122 474 000	110 109 000	99 975 000
Operating Profit	10 959 000	17 720 000	17 870 000	1 826 000
Financial Income	0	475 000	2 000	1 747 000
Financial Costs	1 078 000	218 000	519 000	436 000
Financial Balance	−1 078 000	257 000	−517 000	1 311 000
Dividends	3 000 000	6 000 000	5 000 000	0
Net Income	7 696 000	14 017 000	13 531 000	2 442 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	217 000
Real Eastate	3 595 000	3 810 000	3 795 000	3 600 000
Machinery and Plant Facilities	13 531 000	0	13 572 000	0
Fixtures	7 008 000	18 817 000	322 000	10 905 000
Total Tangible Assets	24 134 000	22 627 000	17 689 000	14 505 000
Total Fiancial Fixed Assets	1 714 000	2 603 000	2 129 000	2 319 000
Total Fixed Assets	25 848 000	25 231 000	19 818 000	17 041 000
Stock	0	0	0	130 000
Total Investments	0	0	0	0
Cash, Bank	16 501 000	20 682 000	7 901 000	2 235 000
Total Current Assets	41 472 000	44 040 000	41 428 000	25 750 000
Total Assets	67 319 000	69 271 000	61 246 000	42 791 000
Total Equity	35 585 000	30 889 000	22 871 000	16 340 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 504 000	6 041 000	7 915 000	8 381 000
Creditors	10 021 000	10 188 000	9 737 000	7 285 000
Unpaid Taxes	5 734 000	3 838 000	5 762 000	4 629 000
Dividends	3 000 000	6 000 000	5 000 000	0
Other Current Debt	6 188 000	14 615 000	7 325 000	5 131 000
Total Current Debt	28 230 000	32 342 000	30 460 000	18 070 000
Total Equity and Debt	67 319 000	69 271 000	61 246 000	42 791 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,63 %	45,38 %	59,16 %	14,94 %
Debt-to-Equity Ratio	0,1	0,2	0,35	0,51
Operating Profit Margin	8,14 %	12,64 %	13,96 %	1,79 %
Current Ratio	1,47	1,36	1,36	1,43
Quick Ratio	1,47	1,36	1,36	1,44
Equity Ratio	0,53	0,45	0,37	0,38
Gross Profit Margin	48,02 %	50,03 %	51,09 %	44,65 %