MORVIK MEKANISKE AS

5122 MORVIK

Finances

Share Ownership

Return on Equity

0,48 %

Current Ratio

2,31

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 646 000	7 515 000	6 187 000	7 653 000
Net Income	7 000	95 000	−231 000	186 000
Total Assets	2 449 000	2 522 000	2 330 000	2 935 000
Total Equity	1 465 000	1 458 000	1 363 000	1 594 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 646 000	7 515 000	6 187 000	7 653 000
Expenditure	6 643 000	7 393 000	6 488 000	7 415 000
Operating Profit	2 000	122 000	−301 000	237 000
Financial Income	9 000	2 000	7 000	4 000
Financial Costs	1 000	1 000	1 000	0
Financial Balance	8 000	1 000	6 000	4 000
Earnings Before Tax	10 000	123 000	−294 000	241 000
Tax	3 000	28 000	−63 000	55 000
Net Income	7 000	95 000	−231 000	186 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	199 000	274 000	338 000	444 000
Total Current Assets	2 251 000	2 248 000	1 992 000	2 492 000
Total Assets	2 449 000	2 522 000	2 330 000	2 935 000
Total Retained Equity	1 365 000	1 358 000	1 263 000	1 494 000
Total Equity	1 465 000	1 458 000	1 363 000	1 594 000
Total Long-Term Debt	10 000	15 000	30 000	30 000
Total Current Debt	974 000	1 048 000	937 000	1 312 000
Total Equity and Debt	2 449 000	2 522 000	2 330 000	2 935 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 617 000	7 491 000	6 162 000	7 653 000
Other Income	29 000	23 000	25 000	0
Revenue	6 646 000	7 515 000	6 187 000	7 653 000
Cost of Goods Sold	1 844 000	2 233 000	1 843 000	2 593 000
Salary Costs	3 568 000	3 870 000	3 466 000	3 422 000
Depreciation	138 000	171 000	153 000	160 000
Impairment	0	0	0	0
Expenditure	6 643 000	7 393 000	6 488 000	7 415 000
Operating Profit	2 000	122 000	−301 000	237 000
Financial Income	9 000	2 000	7 000	4 000
Financial Costs	1 000	1 000	1 000	0
Financial Balance	8 000	1 000	6 000	4 000
Dividends	0	0	0	300 000
Net Income	7 000	95 000	−231 000	186 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	199 000	274 000	338 000	444 000
Total Tangible Assets	199 000	274 000	338 000	444 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	199 000	274 000	338 000	444 000
Stock	231 000	322 000	321 000	397 000
Total Investments	0	0	0	0
Cash, Bank	1 591 000	1 527 000	1 454 000	1 662 000
Total Current Assets	2 251 000	2 248 000	1 992 000	2 492 000
Total Assets	2 449 000	2 522 000	2 330 000	2 935 000
Total Equity	1 465 000	1 458 000	1 363 000	1 594 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 000	15 000	30 000	30 000
Creditors	130 000	159 000	176 000	304 000
Unpaid Taxes	485 000	510 000	450 000	333 000
Dividends	0	0	0	300 000
Other Current Debt	351 000	337 000	311 000	299 000
Total Current Debt	974 000	1 048 000	937 000	1 312 000
Total Equity and Debt	2 449 000	2 522 000	2 330 000	2 935 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,48 %	6,52 %	−16,95 %	11,67 %
Debt-to-Equity Ratio	0,01	0,01	0,02	0,02
Operating Profit Margin	0,03 %	1,62 %	−4,87 %	3,1 %
Current Ratio	2,31	2,15	2,13	1,9
Quick Ratio	3,03	3,1	3,23	2,72
Equity Ratio	0,6	0,58	0,58	0,54
Gross Profit Margin	72,25 %	70,29 %	70,21 %	66,12 %