MORENEN AS

4790 LILLESAND

Finances

Return on Equity

−6,44 %

Current Ratio

0,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	952 000	1 180 000	1 423 000	2 074 000
Net Income	−480 000	−2 020 000	1 205 000	2 767 000
Total Assets	9 415 000	11 335 000	13 303 000	17 505 000
Total Equity	7 459 000	7 939 000	11 459 000	10 254 000

Income (NOK)	2022	2021	2020	2019
Revenue	952 000	1 180 000	1 423 000	2 074 000
Expenditure	1 418 000	3 596 000	534 000	2 084 000
Operating Profit	−466 000	−2 416 000	889 000	−10 000
Financial Income	374 000	647 000	647 000	3 217 000
Financial Costs	421 000	83 000	108 000	277 000
Financial Balance	−47 000	564 000	539 000	2 940 000
Earnings Before Tax	−512 000	−1 852 000	1 429 000	2 930 000
Tax	−32 000	168 000	223 000	163 000
Net Income	−480 000	−2 020 000	1 205 000	2 767 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 957 000	10 538 000	12 326 000	16 772 000
Total Current Assets	458 000	797 000	977 000	733 000
Total Assets	9 415 000	11 335 000	13 303 000	17 505 000
Total Retained Equity	7 360 000	7 840 000	11 360 000	10 155 000
Total Equity	7 459 000	7 939 000	11 459 000	10 254 000
Total Long-Term Debt	0	809 000	495 000	0
Total Current Debt	1 956 000	2 587 000	1 349 000	7 251 000
Total Equity and Debt	9 415 000	11 335 000	13 303 000	17 505 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	952 000	1 180 000	1 423 000	2 074 000
Other Income	0	0	0	0
Revenue	952 000	1 180 000	1 423 000	2 074 000
Cost of Goods Sold	0	0	0	0
Salary Costs	747 000	717 000	743 000	1 058 000
Depreciation	206 000	75 000	7 000	11 000
Impairment	0	0	0	0
Expenditure	1 418 000	3 596 000	534 000	2 084 000
Operating Profit	−466 000	−2 416 000	889 000	−10 000
Financial Income	374 000	647 000	647 000	3 217 000
Financial Costs	421 000	83 000	108 000	277 000
Financial Balance	−47 000	564 000	539 000	2 940 000
Dividends	0	1 500 000	0	6 550 000
Net Income	−480 000	−2 020 000	1 205 000	2 767 000

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	1 028 000	0	7 000
Total Tangible Assets	0	1 028 000	0	7 000
Total Fiancial Fixed Assets	8 957 000	9 510 000	12 326 000	16 766 000
Total Fixed Assets	8 957 000	10 538 000	12 326 000	16 772 000
Stock	30 000	30 000	30 000	30 000
Total Investments	0	0	0	0
Cash, Bank	128 000	600 000	107 000	44 000
Total Current Assets	458 000	797 000	977 000	733 000
Total Assets	9 415 000	11 335 000	13 303 000	17 505 000
Total Equity	7 459 000	7 939 000	11 459 000	10 254 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	809 000	495 000	0
Creditors	0	64 000	0	15 000
Unpaid Taxes	67 000	59 000	86 000	153 000
Dividends	0	1 500 000	0	6 550 000
Other Current Debt	692 000	76 000	95 000	544 000
Total Current Debt	1 956 000	2 587 000	1 349 000	7 251 000
Total Equity and Debt	9 415 000	11 335 000	13 303 000	17 505 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,44 %	−25,44 %	10,52 %	26,98 %
Debt-to-Equity Ratio	0	0,1	0,04	0
Operating Profit Margin	−48,95 %	−204,75 %	62,47 %	−0,48 %
Current Ratio	0,23	0,31	0,72	0,1
Quick Ratio	0,24	0,31	0,74	0,1
Equity Ratio	0,79	0,7	0,86	0,59
Gross Profit Margin	100 %	100 %	100 %	100 %