MORTENLAKS AS

8410 LØDINGEN

Finances

Return on Equity

20,04 %

Current Ratio

3,39

Debt-to-Equity Ratio

0,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	195 834 000	94 508 000	138 616 000	88 675 000
Net Income	31 950 000	−2 300 000	18 211 000	13 550 000
Total Assets	294 774 000	169 675 000	180 026 000	166 257 000
Total Equity	159 448 000	136 935 000	139 234 000	128 014 000

Income (NOK)	2022	2021	2020	2019
Revenue	195 834 000	94 508 000	138 616 000	88 675 000
Expenditure	153 925 000	104 883 000	114 485 000	70 511 000
Operating Profit	41 940 000	−3 527 000	23 206 000	17 019 000
Financial Income	745 000	740 000	315 000	462 000
Financial Costs	1 904 000	363 000	253 000	211 000
Financial Balance	−1 159 000	377 000	62 000	251 000
Earnings Before Tax	40 780 000	−3 150 000	23 268 000	17 270 000
Tax	8 830 000	−851 000	5 058 000	3 720 000
Net Income	31 950 000	−2 300 000	18 211 000	13 550 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	193 649 000	45 159 000	42 808 000	34 762 000
Total Current Assets	101 125 000	124 515 000	137 218 000	131 495 000
Total Assets	294 774 000	169 675 000	180 026 000	166 257 000
Total Retained Equity	158 538 000	136 025 000	138 324 000	127 104 000
Total Equity	159 448 000	136 935 000	139 234 000	128 014 000
Total Long-Term Debt	105 459 000	12 365 000	14 735 000	20 514 000
Total Current Debt	29 866 000	20 375 000	26 057 000	17 729 000
Total Equity and Debt	294 774 000	169 675 000	180 026 000	166 257 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	195 834 000	94 505 000	138 587 000	54 174 000
Other Income	0	4 000	30 000	34 501 000
Revenue	195 834 000	94 508 000	138 616 000	88 675 000
Cost of Goods Sold	111 442 000	66 759 000	87 001 000	42 919 000
Salary Costs	11 719 000	10 916 000	10 650 000	9 494 000
Depreciation	5 419 000	5 415 000	4 688 000	4 285 000
Impairment	0	0	0	0
Expenditure	153 925 000	104 883 000	114 485 000	70 511 000
Operating Profit	41 940 000	−3 527 000	23 206 000	17 019 000
Financial Income	745 000	740 000	315 000	462 000
Financial Costs	1 904 000	363 000	253 000	211 000
Financial Balance	−1 159 000	377 000	62 000	251 000
Dividends	0	0	5 000 000	10 000 000
Net Income	31 950 000	−2 300 000	18 211 000	13 550 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	164 936 000	11 336 000	11 336 000	8 840 000
Real Eastate	8 580 000	9 675 000	4 719 000	2 904 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 062 000	3 877 000	3 618 000	2 440 000
Total Tangible Assets	20 987 000	26 097 000	23 746 000	23 695 000
Total Fiancial Fixed Assets	7 726 000	7 726 000	7 726 000	2 227 000
Total Fixed Assets	193 649 000	45 159 000	42 808 000	34 762 000
Stock	64 422 000	60 667 000	48 998 000	50 817 000
Total Investments	0	0	0	0
Cash, Bank	29 852 000	809 000	2 168 000	353 000
Total Current Assets	101 125 000	124 515 000	137 218 000	131 495 000
Total Assets	294 774 000	169 675 000	180 026 000	166 257 000
Total Equity	159 448 000	136 935 000	139 234 000	128 014 000
Short-Term Group Debt	10 000 000	0	2 551 000	0
Total Long-Term Debt	105 459 000	12 365 000	14 735 000	20 514 000
Creditors	8 460 000	5 664 000	4 424 000	3 090 000
Unpaid Taxes	2 718 000	3 271 000	2 450 000	545 000
Dividends	0	0	5 000 000	10 000 000
Other Current Debt	2 738 000	1 121 000	2 835 000	959 000
Total Current Debt	29 866 000	20 375 000	26 057 000	17 729 000
Total Equity and Debt	294 774 000	169 675 000	180 026 000	166 257 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,04 %	−1,68 %	13,08 %	10,58 %
Debt-to-Equity Ratio	0,66	0,09	0,11	0,16
Operating Profit Margin	21,42 %	−3,73 %	16,74 %	19,19 %
Current Ratio	3,39	6,11	5,27	7,42
Quick Ratio	−2,93	−3,09	−5,98	−3,97
Equity Ratio	0,54	0,81	0,77	0,77
Gross Profit Margin	43,09 %	29,36 %	37,24 %	51,6 %