MORGAN INSTRUMENT NORGE AS

3962 STATHELLE

Finances

Share Ownership

Return on Equity

0,78 %

Current Ratio

2,8

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 367 000	35 208 000	34 268 000	23 662 000
Net Income	120 000	1 883 000	3 457 000	628 000
Total Assets	28 335 000	27 142 000	21 379 000	17 109 000
Total Equity	15 414 000	15 294 000	13 411 000	9 954 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 367 000	35 208 000	34 268 000	23 662 000
Expenditure	26 612 000	32 531 000	29 630 000	22 677 000
Operating Profit	754 000	2 677 000	4 638 000	986 000
Financial Income	64 000	106 000	97 000	15 000
Financial Costs	645 000	364 000	296 000	196 000
Financial Balance	−581 000	−258 000	−199 000	−181 000
Earnings Before Tax	172 000	2 418 000	4 439 000	805 000
Tax	52 000	535 000	983 000	177 000
Net Income	120 000	1 883 000	3 457 000	628 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 146 000	154 000	116 000	118 000
Total Current Assets	27 189 000	26 988 000	21 262 000	16 991 000
Total Assets	28 335 000	27 142 000	21 379 000	17 109 000
Total Retained Equity	14 667 000	14 546 000	12 663 000	9 207 000
Total Equity	15 414 000	15 294 000	13 411 000	9 954 000
Total Long-Term Debt	3 208 000	1 810 000	2 431 000	2 897 000
Total Current Debt	9 713 000	10 038 000	5 537 000	4 258 000
Total Equity and Debt	28 335 000	27 142 000	21 379 000	17 109 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 658 000	33 042 000	31 794 000	22 225 000
Other Income	1 709 000	2 166 000	2 474 000	1 437 000
Revenue	27 367 000	35 208 000	34 268 000	23 662 000
Cost of Goods Sold	17 554 000	22 801 000	21 212 000	15 012 000
Salary Costs	3 794 000	4 534 000	3 731 000	3 359 000
Depreciation	8 000	2 000	13 000	5 000
Impairment	0	0	0	0
Expenditure	26 612 000	32 531 000	29 630 000	22 677 000
Operating Profit	754 000	2 677 000	4 638 000	986 000
Financial Income	64 000	106 000	97 000	15 000
Financial Costs	645 000	364 000	296 000	196 000
Financial Balance	−581 000	−258 000	−199 000	−181 000
Dividends	0	0	0	0
Net Income	120 000	1 883 000	3 457 000	628 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	108 000	108 000	110 000	98 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	31 000	39 000	0	13 000
Total Tangible Assets	31 000	39 000	0	13 000
Total Fiancial Fixed Assets	1 007 000	7 000	7 000	7 000
Total Fixed Assets	1 146 000	154 000	116 000	118 000
Stock	17 859 000	14 659 000	9 891 000	7 782 000
Total Investments	0	0	0	0
Cash, Bank	113 000	162 000	362 000	223 000
Total Current Assets	27 189 000	26 988 000	21 262 000	16 991 000
Total Assets	28 335 000	27 142 000	21 379 000	17 109 000
Total Equity	15 414 000	15 294 000	13 411 000	9 954 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 208 000	1 810 000	2 431 000	2 897 000
Creditors	1 821 000	1 324 000	877 000	670 000
Unpaid Taxes	1 618 000	2 553 000	2 315 000	1 785 000
Dividends	0	0	0	0
Other Current Debt	1 928 000	529 000	417 000	355 000
Total Current Debt	9 713 000	10 038 000	5 537 000	4 258 000
Total Equity and Debt	28 335 000	27 142 000	21 379 000	17 109 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,78 %	12,31 %	25,78 %	6,31 %
Debt-to-Equity Ratio	0,21	0,12	0,18	0,29
Operating Profit Margin	2,76 %	7,6 %	13,53 %	4,17 %
Current Ratio	2,8	2,69	3,84	3,99
Quick Ratio	−3,34	−5,84	−4,88	−4,82
Equity Ratio	0,54	0,56	0,63	0,58
Gross Profit Margin	35,86 %	35,24 %	38,1 %	36,56 %