MORTERUD & RAMSE AS

1900 FETSUND

Finances

Share Ownership

Return on Equity

59,95 %

Current Ratio

3,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 033 000	3 547 000	3 155 000	4 895 000
Net Income	470 000	431 000	−132 000	−7 000
Total Assets	1 168 000	1 168 000	1 099 000	1 422 000
Total Equity	784 000	785 000	534 000	666 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 033 000	3 547 000	3 155 000	4 895 000
Expenditure	1 555 000	3 102 000	3 274 000	4 658 000
Operating Profit	478 000	445 000	−118 000	237 000
Financial Income	0	−1 000	0	1 000
Financial Costs	8 000	13 000	14 000	18 000
Financial Balance	−8 000	−14 000	−14 000	−17 000
Earnings Before Tax	470 000	431 000	−132 000	219 000
Tax	0	0	0	227 000
Net Income	470 000	431 000	−132 000	−7 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	250 000	324 000	559 000
Total Current Assets	1 168 000	918 000	774 000	863 000
Total Assets	1 168 000	1 168 000	1 099 000	1 422 000
Total Retained Equity	754 000	285 000	34 000	166 000
Total Equity	784 000	785 000	534 000	666 000
Total Long-Term Debt	0	0	82 000	200 000
Total Current Debt	384 000	383 000	482 000	555 000
Total Equity and Debt	1 168 000	1 168 000	1 099 000	1 422 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 583 000	3 462 000	3 155 000	4 520 000
Other Income	450 000	85 000	0	375 000
Revenue	2 033 000	3 547 000	3 155 000	4 895 000
Cost of Goods Sold	603 000	1 254 000	1 257 000	1 739 000
Salary Costs	238 000	837 000	807 000	1 488 000
Depreciation	0	74 000	235 000	276 000
Impairment	0	0	0	0
Expenditure	1 555 000	3 102 000	3 274 000	4 658 000
Operating Profit	478 000	445 000	−118 000	237 000
Financial Income	0	−1 000	0	1 000
Financial Costs	8 000	13 000	14 000	18 000
Financial Balance	−8 000	−14 000	−14 000	−17 000
Dividends	0	180 000	0	0
Net Income	470 000	431 000	−132 000	−7 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	200 000	200 000	200 000
Machinery and Plant Facilities	0	0	74 000	309 000
Fixtures	0	0	0	0
Total Tangible Assets	0	200 000	274 000	509 000
Total Fiancial Fixed Assets	0	50 000	50 000	50 000
Total Fixed Assets	0	250 000	324 000	559 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	366 000	437 000	568 000	230 000
Total Current Assets	1 168 000	918 000	774 000	863 000
Total Assets	1 168 000	1 168 000	1 099 000	1 422 000
Total Equity	784 000	785 000	534 000	666 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	82 000	200 000
Creditors	102 000	40 000	228 000	195 000
Unpaid Taxes	71 000	55 000	129 000	136 000
Dividends	0	180 000	0	0
Other Current Debt	31 000	108 000	126 000	224 000
Total Current Debt	384 000	383 000	482 000	555 000
Total Equity and Debt	1 168 000	1 168 000	1 099 000	1 422 000

Financial indicators	2022	2021	2020	2019
Return on Equity	59,95 %	54,9 %	−24,72 %	−1,05 %
Debt-to-Equity Ratio	0	0	0,15	0,3
Operating Profit Margin	23,51 %	12,55 %	−3,74 %	4,84 %
Current Ratio	3,04	2,4	1,61	1,55
Quick Ratio	3,04	2,4	1,61	1,55
Equity Ratio	0,67	0,67	0,49	0,47
Gross Profit Margin	70,34 %	64,65 %	60,16 %	64,47 %