MØRE FORSIKRING AS

6010 ÅLESUND

Finances

Share Ownership

Return on Equity

67,12 %

Current Ratio

2,92

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 141 000	2 589 000	2 863 000	2 600 000
Net Income	1 515 000	456 000	161 000	53 000
Total Assets	3 429 000	1 264 000	955 000	646 000
Total Equity	2 257 000	742 000	293 000	232 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 141 000	2 589 000	2 863 000	2 600 000
Expenditure	3 097 000	1 970 000	2 649 000	2 522 000
Operating Profit	2 045 000	618 000	215 000	78 000
Financial Income	0	0	0	0
Financial Costs	1 000	4 000	4 000	4 000
Financial Balance	−1 000	−4 000	−4 000	−4 000
Earnings Before Tax	2 044 000	615 000	211 000	74 000
Tax	529 000	159 000	50 000	21 000
Net Income	1 515 000	456 000	161 000	53 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	2 000	4 000	6 000
Total Current Assets	3 429 000	1 261 000	951 000	640 000
Total Assets	3 429 000	1 264 000	955 000	646 000
Total Retained Equity	2 057 000	542 000	93 000	32 000
Total Equity	2 257 000	742 000	293 000	232 000
Total Long-Term Debt	0	3 000	4 000	5 000
Total Current Debt	1 173 000	519 000	659 000	409 000
Total Equity and Debt	3 429 000	1 264 000	955 000	646 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	5 141 000	2 589 000	2 863 000	2 600 000
Revenue	5 141 000	2 589 000	2 863 000	2 600 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 508 000	1 502 000	2 146 000	2 019 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 097 000	1 970 000	2 649 000	2 522 000
Operating Profit	2 045 000	618 000	215 000	78 000
Financial Income	0	0	0	0
Financial Costs	1 000	4 000	4 000	4 000
Financial Balance	−1 000	−4 000	−4 000	−4 000
Dividends	0	0	100 000	0
Net Income	1 515 000	456 000	161 000	53 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	2 000	4 000	6 000
Total Fixed Assets	0	2 000	4 000	6 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	820 000	1 213 000	903 000	580 000
Total Current Assets	3 429 000	1 261 000	951 000	640 000
Total Assets	3 429 000	1 264 000	955 000	646 000
Total Equity	2 257 000	742 000	293 000	232 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	3 000	4 000	5 000
Creditors	20 000	29 000	28 000	44 000
Unpaid Taxes	464 000	205 000	331 000	184 000
Dividends	0	0	100 000	0
Other Current Debt	156 000	125 000	149 000	159 000
Total Current Debt	1 173 000	519 000	659 000	409 000
Total Equity and Debt	3 429 000	1 264 000	955 000	646 000

Financial indicators	2022	2021	2020	2019
Return on Equity	67,12 %	61,46 %	54,95 %	22,84 %
Debt-to-Equity Ratio	0	0	0,01	0,02
Operating Profit Margin	39,78 %	23,87 %	7,51 %	3 %
Current Ratio	2,92	2,43	1,44	1,56
Quick Ratio	2,92	2,43	1,44	1,56
Equity Ratio	0,66	0,59	0,31	0,36
Gross Profit Margin	100 %	100 %	100 %	100 %