MORGENLIEN AS

2019 SKEDSMOKORSET

Finances

Return on Equity

36,63 %

Current Ratio

9,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 128 000	10 836 000	10 832 000	13 151 000
Net Income	19 274 000	17 354 000	3 442 000	4 178 000
Total Assets	58 293 000	45 283 000	30 245 000	30 916 000
Total Equity	52 612 000	40 558 000	25 204 000	24 762 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 128 000	10 836 000	10 832 000	13 151 000
Expenditure	10 573 000	8 965 000	8 076 000	9 429 000
Operating Profit	−1 446 000	1 870 000	2 757 000	3 720 000
Financial Income	20 608 000	15 922 000	1 341 000	1 382 000
Financial Costs	147 000	27 000	58 000	131 000
Financial Balance	20 461 000	15 895 000	1 283 000	1 251 000
Earnings Before Tax	19 016 000	17 765 000	4 040 000	4 971 000
Tax	−259 000	411 000	598 000	793 000
Net Income	19 274 000	17 354 000	3 442 000	4 178 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 952 000	18 821 000	20 959 000	22 060 000
Total Current Assets	52 340 000	26 462 000	9 286 000	8 856 000
Total Assets	58 293 000	45 283 000	30 245 000	30 916 000
Total Retained Equity	51 962 000	39 908 000	24 554 000	24 112 000
Total Equity	52 612 000	40 558 000	25 204 000	24 762 000
Total Long-Term Debt	0	596 000	1 642 000	2 525 000
Total Current Debt	5 680 000	4 129 000	3 398 000	3 629 000
Total Equity and Debt	58 293 000	45 283 000	30 245 000	30 916 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 030 000	10 836 000	9 676 000	11 561 000
Other Income	98 000	0	1 156 000	1 590 000
Revenue	9 128 000	10 836 000	10 832 000	13 151 000
Cost of Goods Sold	777 000	674 000	95 000	98 000
Salary Costs	4 671 000	3 797 000	3 358 000	3 563 000
Depreciation	1 762 000	2 204 000	2 175 000	2 585 000
Impairment	0	0	0	0
Expenditure	10 573 000	8 965 000	8 076 000	9 429 000
Operating Profit	−1 446 000	1 870 000	2 757 000	3 720 000
Financial Income	20 608 000	15 922 000	1 341 000	1 382 000
Financial Costs	147 000	27 000	58 000	131 000
Financial Balance	20 461 000	15 895 000	1 283 000	1 251 000
Dividends	7 220 000	2 000 000	3 000 000	1 500 000
Net Income	19 274 000	17 354 000	3 442 000	4 178 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	326 000	67 000	0	0
Real Eastate	2 385 000	5 605 000	5 605 000	4 744 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 072 000	2 709 000	4 913 000	6 912 000
Total Tangible Assets	3 457 000	8 314 000	10 518 000	11 656 000
Total Fiancial Fixed Assets	2 169 000	10 440 000	10 440 000	10 404 000
Total Fixed Assets	5 952 000	18 821 000	20 959 000	22 060 000
Stock	0	0	0	0
Total Investments	4 006 000	2 122 000	0	0
Cash, Bank	35 592 000	9 987 000	8 387 000	7 657 000
Total Current Assets	52 340 000	26 462 000	9 286 000	8 856 000
Total Assets	58 293 000	45 283 000	30 245 000	30 916 000
Total Equity	52 612 000	40 558 000	25 204 000	24 762 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	596 000	1 642 000	2 525 000
Creditors	195 000	220 000	209 000	262 000
Unpaid Taxes	770 000	698 000	556 000	673 000
Dividends	7 220 000	2 000 000	3 000 000	1 500 000
Other Current Debt	715 000	2 522 000	489 000	515 000
Total Current Debt	5 680 000	4 129 000	3 398 000	3 629 000
Total Equity and Debt	58 293 000	45 283 000	30 245 000	30 916 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,63 %	42,79 %	13,66 %	16,87 %
Debt-to-Equity Ratio	0	0,01	0,07	0,1
Operating Profit Margin	−15,84 %	17,26 %	25,45 %	28,29 %
Current Ratio	9,21	6,41	2,73	2,44
Quick Ratio	9,21	6,41	2,73	2,44
Equity Ratio	0,9	0,9	0,83	0,8
Gross Profit Margin	91,49 %	93,78 %	99,12 %	99,25 %