MORSE AS

4610 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

−29,21 %

Current Ratio

0,24

Debt-to-Equity Ratio

5,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 272 000	984 000	1 788 000	0
Net Income	−1 537 000	−1 707 000	−2 469 000	3 925 000
Total Assets	35 566 000	35 733 000	37 420 000	44 642 000
Total Equity	5 261 000	6 798 000	8 505 000	10 974 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 272 000	984 000	1 788 000	0
Expenditure	2 188 000	2 077 000	2 275 000	87 000
Operating Profit	−915 000	−1 092 000	−487 000	−87 000
Financial Income	243 000	−48 000	−1 047 000	5 070 000
Financial Costs	1 221 000	889 000	1 188 000	1 367 000
Financial Balance	−978 000	−937 000	−2 235 000	3 703 000
Earnings Before Tax	−1 893 000	−2 029 000	−2 722 000	3 616 000
Tax	−356 000	−322 000	−252 000	−309 000
Net Income	−1 537 000	−1 707 000	−2 469 000	3 925 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	35 138 000	35 461 000	36 673 000	44 250 000
Total Current Assets	428 000	272 000	747 000	393 000
Total Assets	35 566 000	35 733 000	37 420 000	44 642 000
Total Retained Equity	661 000	2 198 000	3 905 000	6 374 000
Total Equity	5 261 000	6 798 000	8 505 000	10 974 000
Total Long-Term Debt	28 488 000	27 342 000	27 864 000	6 192 000
Total Current Debt	1 817 000	1 593 000	1 052 000	27 476 000
Total Equity and Debt	35 566 000	35 733 000	37 420 000	44 642 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 272 000	984 000	1 788 000	0
Revenue	1 272 000	984 000	1 788 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	1 317 000	1 304 000	1 303 000	0
Impairment	0	0	0	0
Expenditure	2 188 000	2 077 000	2 275 000	87 000
Operating Profit	−915 000	−1 092 000	−487 000	−87 000
Financial Income	243 000	−48 000	−1 047 000	5 070 000
Financial Costs	1 221 000	889 000	1 188 000	1 367 000
Financial Balance	−978 000	−937 000	−2 235 000	3 703 000
Dividends	0	0	0	0
Net Income	−1 537 000	−1 707 000	−2 469 000	3 925 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	473 000	117 000	0	519 000
Real Eastate	24 665 000	25 344 000	26 648 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	24 665 000	25 344 000	26 648 000	0
Total Fiancial Fixed Assets	10 000 000	10 000 000	10 025 000	43 730 000
Total Fixed Assets	35 138 000	35 461 000	36 673 000	44 250 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	168 000	36 000	460 000	11 000
Total Current Assets	428 000	272 000	747 000	393 000
Total Assets	35 566 000	35 733 000	37 420 000	44 642 000
Total Equity	5 261 000	6 798 000	8 505 000	10 974 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	28 488 000	27 342 000	27 864 000	6 192 000
Creditors	590 000	525 000	39 000	79 000
Unpaid Taxes	27 000	30 000	0	0
Dividends	0	0	0	0
Other Current Debt	1 200 000	1 038 000	1 013 000	27 397 000
Total Current Debt	1 817 000	1 593 000	1 052 000	27 476 000
Total Equity and Debt	35 566 000	35 733 000	37 420 000	44 642 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−29,21 %	−25,11 %	−29,03 %	35,77 %
Debt-to-Equity Ratio	5,41	4,02	3,28	0,56
Operating Profit Margin	−71,93 %	−110,98 %	−27,24 %	-
Current Ratio	0,24	0,17	0,71	0,01
Quick Ratio	0,24	0,17	0,71	0,01
Equity Ratio	0,15	0,19	0,23	0,25
Gross Profit Margin	100 %	100 %	100 %	-