MORTEN FOSSEN AS

3350 PRESTFOSS

Finances

Share Ownership

Return on Equity

−13,33 %

Current Ratio

0,9

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 814 000	3 251 000	2 626 000	3 516 000
Net Income	−36 000	−119 000	−540 000	79 000
Total Assets	924 000	1 417 000	2 509 000	2 557 000
Total Equity	270 000	306 000	1 425 000	1 965 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 814 000	3 251 000	2 626 000	3 516 000
Expenditure	2 844 000	3 467 000	3 156 000	3 424 000
Operating Profit	−29 000	−216 000	−529 000	92 000
Financial Income	0	0	1 000	0
Financial Costs	7 000	9 000	12 000	14 000
Financial Balance	−7 000	−9 000	−11 000	−14 000
Earnings Before Tax	−36 000	−224 000	−540 000	79 000
Tax	0	−105 000	0	0
Net Income	−36 000	−119 000	−540 000	79 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	334 000	998 000	937 000	1 053 000
Total Current Assets	590 000	419 000	1 572 000	1 504 000
Total Assets	924 000	1 417 000	2 509 000	2 557 000
Total Retained Equity	170 000	206 000	1 325 000	1 865 000
Total Equity	270 000	306 000	1 425 000	1 965 000
Total Long-Term Debt	0	119 000	235 000	346 000
Total Current Debt	655 000	992 000	849 000	245 000
Total Equity and Debt	924 000	1 417 000	2 509 000	2 557 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 651 000	3 251 000	2 626 000	3 339 000
Other Income	163 000	0	0	177 000
Revenue	2 814 000	3 251 000	2 626 000	3 516 000
Cost of Goods Sold	887 000	1 592 000	970 000	1 200 000
Salary Costs	556 000	529 000	879 000	853 000
Depreciation	303 000	341 000	327 000	279 000
Impairment	0	0	0	0
Expenditure	2 844 000	3 467 000	3 156 000	3 424 000
Operating Profit	−29 000	−216 000	−529 000	92 000
Financial Income	0	0	1 000	0
Financial Costs	7 000	9 000	12 000	14 000
Financial Balance	−7 000	−9 000	−11 000	−14 000
Dividends	0	1 000 000	0	0
Net Income	−36 000	−119 000	−540 000	79 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	302 000	0	0
Machinery and Plant Facilities	118 000	160 000	202 000	135 000
Fixtures	216 000	536 000	735 000	60 000
Total Tangible Assets	334 000	998 000	937 000	1 053 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	334 000	998 000	937 000	1 053 000
Stock	81 000	93 000	35 000	0
Total Investments	0	0	0	0
Cash, Bank	318 000	159 000	1 274 000	191 000
Total Current Assets	590 000	419 000	1 572 000	1 504 000
Total Assets	924 000	1 417 000	2 509 000	2 557 000
Total Equity	270 000	306 000	1 425 000	1 965 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	119 000	235 000	346 000
Creditors	144 000	226 000	0	24 000
Unpaid Taxes	45 000	155 000	251 000	125 000
Dividends	0	1 000 000	0	0
Other Current Debt	466 000	610 000	598 000	97 000
Total Current Debt	655 000	992 000	849 000	245 000
Total Equity and Debt	924 000	1 417 000	2 509 000	2 557 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,33 %	−38,89 %	−37,89 %	4,02 %
Debt-to-Equity Ratio	0	0,39	0,16	0,18
Operating Profit Margin	−1,03 %	−6,64 %	−20,14 %	2,62 %
Current Ratio	0,9	0,42	1,85	6,14
Quick Ratio	1,03	0,47	1,93	6,14
Equity Ratio	0,29	0,22	0,57	0,77
Gross Profit Margin	68,48 %	51,03 %	63,06 %	65,87 %