MØRE ELECTRIC GROUP AS

6230 SYKKYLVEN

Finances

Return on Equity

31,55 %

Current Ratio

1,77

Debt-to-Equity Ratio

0,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 797 000	6 253 000	7 655 000	7 580 000
Net Income	14 915 000	15 447 000	20 775 000	11 964 000
Total Assets	81 213 000	62 581 000	66 883 000	58 892 000
Total Equity	47 280 000	46 365 000	45 918 000	45 142 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 797 000	6 253 000	7 655 000	7 580 000
Expenditure	5 279 000	5 728 000	6 850 000	8 549 000
Operating Profit	−2 482 000	525 000	806 000	−969 000
Financial Income	17 678 000	15 045 000	20 193 000	13 203 000
Financial Costs	304 000	2 000	8 000	288 000
Financial Balance	17 374 000	15 043 000	20 185 000	12 915 000
Earnings Before Tax	14 891 000	15 568 000	20 991 000	11 946 000
Tax	−24 000	121 000	216 000	−18 000
Net Income	14 915 000	15 447 000	20 775 000	11 964 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	55 582 000	38 440 000	37 408 000	37 780 000
Total Current Assets	25 631 000	24 141 000	29 474 000	21 112 000
Total Assets	81 213 000	62 581 000	66 883 000	58 892 000
Total Retained Equity	2 138 000	1 223 000	775 000	0
Total Equity	47 280 000	46 365 000	45 918 000	45 142 000
Total Long-Term Debt	19 478 000	47 000	0	0
Total Current Debt	14 455 000	16 169 000	20 965 000	13 750 000
Total Equity and Debt	81 213 000	62 581 000	66 883 000	58 892 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 797 000	6 049 000	7 655 000	7 580 000
Other Income	0	205 000	0	0
Revenue	2 797 000	6 253 000	7 655 000	7 580 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 794 000	1 846 000	3 231 000	4 736 000
Depreciation	776 000	348 000	428 000	474 000
Impairment	0	0	0	0
Expenditure	5 279 000	5 728 000	6 850 000	8 549 000
Operating Profit	−2 482 000	525 000	806 000	−969 000
Financial Income	17 678 000	15 045 000	20 193 000	13 203 000
Financial Costs	304 000	2 000	8 000	288 000
Financial Balance	17 374 000	15 043 000	20 185 000	12 915 000
Dividends	14 000 000	15 000 000	20 000 000	12 000 000
Net Income	14 915 000	15 447 000	20 775 000	11 964 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	74 000	54 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 823 000	2 576 000	1 471 000	1 863 000
Total Tangible Assets	1 823 000	2 576 000	1 471 000	1 863 000
Total Fiancial Fixed Assets	53 759 000	35 863 000	35 863 000	35 863 000
Total Fixed Assets	55 582 000	38 440 000	37 408 000	37 780 000
Stock	0	0	0	0
Total Investments	0	1 791 000	1 771 000	1 756 000
Cash, Bank	6 259 000	4 828 000	4 902 000	1 866 000
Total Current Assets	25 631 000	24 141 000	29 474 000	21 112 000
Total Assets	81 213 000	62 581 000	66 883 000	58 892 000
Total Equity	47 280 000	46 365 000	45 918 000	45 142 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 478 000	47 000	0	0
Creditors	34 000	677 000	97 000	217 000
Unpaid Taxes	102 000	123 000	112 000	292 000
Dividends	14 000 000	15 000 000	20 000 000	12 000 000
Other Current Debt	320 000	370 000	520 000	1 241 000
Total Current Debt	14 455 000	16 169 000	20 965 000	13 750 000
Total Equity and Debt	81 213 000	62 581 000	66 883 000	58 892 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,55 %	33,32 %	45,24 %	26,5 %
Debt-to-Equity Ratio	0,41	0	0	0
Operating Profit Margin	−88,74 %	8,4 %	10,53 %	−12,78 %
Current Ratio	1,77	1,49	1,41	1,54
Quick Ratio	1,77	1,49	1,41	1,54
Equity Ratio	0,58	0,74	0,69	0,77
Gross Profit Margin	100 %	100 %	100 %	100 %