MOREK AS

1481 HAGAN

Finances

Share Ownership

Return on Equity

10,85 %

Current Ratio

1,6

Debt-to-Equity Ratio

1,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	113 049 000	769 038 000	604 527 000	676 657 000
Net Income	1 977 000	43 749 000	14 442 000	9 873 000
Total Assets	94 335 000	455 294 000	364 114 000	310 204 000
Total Equity	18 215 000	163 447 000	120 631 000	102 626 000

Income (NOK)	2022	2021	2020	2019
Revenue	113 049 000	769 038 000	604 527 000	676 657 000
Expenditure	109 940 000	716 619 000	570 884 000	654 881 000
Operating Profit	3 109 000	59 260 000	35 189 000	21 966 000
Financial Income	7 883 000	4 359 000	21 420 000	13 254 000
Financial Costs	8 434 000	9 662 000	38 473 000	20 505 000
Financial Balance	−551 000	−5 303 000	−17 053 000	−7 251 000
Earnings Before Tax	2 558 000	53 957 000	18 135 000	14 715 000
Tax	581 000	10 207 000	3 693 000	4 842 000
Net Income	1 977 000	43 749 000	14 442 000	9 873 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 477 000	35 877 000	43 515 000	47 023 000
Total Current Assets	73 858 000	419 418 000	320 599 000	263 181 000
Total Assets	94 335 000	455 294 000	364 114 000	310 204 000
Total Retained Equity	4 437 000	147 706 000	104 890 000	86 884 000
Total Equity	18 215 000	163 447 000	120 631 000	102 626 000
Total Long-Term Debt	29 829 000	99 059 000	110 218 000	84 947 000
Total Current Debt	46 291 000	192 788 000	133 266 000	122 631 000
Total Equity and Debt	94 335 000	455 294 000	364 114 000	310 204 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	112 787 000	761 786 000	598 399 000	675 436 000
Other Income	262 000	7 252 000	6 128 000	1 221 000
Revenue	113 049 000	769 038 000	604 527 000	676 657 000
Cost of Goods Sold	71 234 000	493 171 000	377 782 000	465 053 000
Salary Costs	17 696 000	86 769 000	82 143 000	84 642 000
Depreciation	1 095 000	12 472 000	8 009 000	5 301 000
Impairment	0	0	0	447 000
Expenditure	109 940 000	716 619 000	570 884 000	654 881 000
Operating Profit	3 109 000	59 260 000	35 189 000	21 966 000
Financial Income	7 883 000	4 359 000	21 420 000	13 254 000
Financial Costs	8 434 000	9 662 000	38 473 000	20 505 000
Financial Balance	−551 000	−5 303 000	−17 053 000	−7 251 000
Dividends	0	0	0	0
Net Income	1 977 000	43 749 000	14 442 000	9 873 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 849 000	15 859 000	20 337 000	24 935 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	522 000	600 000	957 000
Fixtures	355 000	19 236 000	21 943 000	20 293 000
Total Tangible Assets	355 000	19 758 000	22 542 000	21 250 000
Total Fiancial Fixed Assets	18 272 000	260 000	636 000	837 000
Total Fixed Assets	20 477 000	35 877 000	43 515 000	47 023 000
Stock	37 127 000	269 032 000	349 276 000	309 012 000
Total Investments	0	0	0	0
Cash, Bank	721 000	2 265 000	1 962 000	2 155 000
Total Current Assets	73 858 000	419 418 000	320 599 000	263 181 000
Total Assets	94 335 000	455 294 000	364 114 000	310 204 000
Total Equity	18 215 000	163 447 000	120 631 000	102 626 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	29 829 000	99 059 000	110 218 000	84 947 000
Creditors	7 981 000	44 505 000	37 671 000	33 402 000
Unpaid Taxes	3 968 000	14 489 000	15 329 000	11 118 000
Dividends	0	0	0	0
Other Current Debt	5 740 000	62 789 000	52 579 000	33 159 000
Total Current Debt	46 291 000	192 788 000	133 266 000	122 631 000
Total Equity and Debt	94 335 000	455 294 000	364 114 000	310 204 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,85 %	26,77 %	11,97 %	9,62 %
Debt-to-Equity Ratio	1,64	0,61	0,91	0,83
Operating Profit Margin	2,75 %	7,71 %	5,82 %	3,25 %
Current Ratio	1,6	2,18	2,41	2,15
Quick Ratio	8,06	−5,5	−1,48	−1,41
Equity Ratio	0,19	0,36	0,33	0,33
Gross Profit Margin	36,99 %	35,87 %	37,51 %	31,27 %