MØRE SVEISESENTER AS

6010 ÅLESUND

Finances

Share Ownership

Return on Equity

28,44 %

Current Ratio

1,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 035 000	15 591 000	16 842 000	19 728 000
Net Income	602 000	346 000	647 000	954 000
Total Assets	10 096 000	7 969 000	7 156 000	8 007 000
Total Equity	2 117 000	1 515 000	1 169 000	922 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 035 000	15 591 000	16 842 000	19 728 000
Expenditure	17 459 000	15 193 000	15 928 000	18 796 000
Operating Profit	1 029 000	609 000	1 018 000	1 399 000
Financial Income	27 000	11 000	14 000	15 000
Financial Costs	285 000	176 000	203 000	190 000
Financial Balance	−258 000	−165 000	−189 000	−175 000
Earnings Before Tax	772 000	445 000	829 000	1 223 000
Tax	170 000	98 000	183 000	269 000
Net Income	602 000	346 000	647 000	954 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 762 000	143 000	24 000	20 000
Total Current Assets	8 334 000	7 825 000	7 132 000	7 987 000
Total Assets	10 096 000	7 969 000	7 156 000	8 007 000
Total Retained Equity	2 017 000	1 415 000	1 069 000	822 000
Total Equity	2 117 000	1 515 000	1 169 000	922 000
Total Long-Term Debt	2 124 000	802 000	1 078 000	1 262 000
Total Current Debt	5 856 000	5 651 000	4 909 000	5 822 000
Total Equity and Debt	10 096 000	7 969 000	7 156 000	8 007 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 991 000	13 516 000	14 953 000	17 947 000
Other Income	2 044 000	2 075 000	1 889 000	1 781 000
Revenue	18 035 000	15 591 000	16 842 000	19 728 000
Cost of Goods Sold	11 542 000	9 982 000	10 711 000	13 361 000
Salary Costs	2 789 000	2 826 000	2 785 000	3 000 000
Depreciation	215 000	28 000	31 000	6 000
Impairment	0	0	0	0
Expenditure	17 459 000	15 193 000	15 928 000	18 796 000
Operating Profit	1 029 000	609 000	1 018 000	1 399 000
Financial Income	27 000	11 000	14 000	15 000
Financial Costs	285 000	176 000	203 000	190 000
Financial Balance	−258 000	−165 000	−189 000	−175 000
Dividends	0	0	400 000	750 000
Net Income	602 000	346 000	647 000	954 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	19 000	0	4 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 757 000	119 000	19 000	11 000
Total Tangible Assets	1 757 000	119 000	19 000	11 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	1 762 000	143 000	24 000	20 000
Stock	5 756 000	5 304 000	5 092 000	4 988 000
Total Investments	0	0	0	0
Cash, Bank	55 000	81 000	119 000	117 000
Total Current Assets	8 334 000	7 825 000	7 132 000	7 987 000
Total Assets	10 096 000	7 969 000	7 156 000	8 007 000
Total Equity	2 117 000	1 515 000	1 169 000	922 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 124 000	802 000	1 078 000	1 262 000
Creditors	2 888 000	3 163 000	2 569 000	2 921 000
Unpaid Taxes	297 000	391 000	234 000	401 000
Dividends	0	0	400 000	750 000
Other Current Debt	690 000	253 000	509 000	241 000
Total Current Debt	5 856 000	5 651 000	4 909 000	5 822 000
Total Equity and Debt	10 096 000	7 969 000	7 156 000	8 007 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,44 %	22,84 %	55,35 %	103,47 %
Debt-to-Equity Ratio	1	0,53	0,92	1,37
Operating Profit Margin	5,71 %	3,91 %	6,04 %	7,09 %
Current Ratio	1,42	1,38	1,45	1,37
Quick Ratio	83,34	22,55	−38,97	9,58
Equity Ratio	0,21	0,19	0,16	0,12
Gross Profit Margin	36 %	35,98 %	36,4 %	32,27 %