MORTEN KORSNES AS

7021 TRONDHEIM

Finances

Return on Equity

13,67 %

Current Ratio

2,29

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	369 144 000	339 481 000	302 571 000	321 219 000
Net Income	14 938 000	8 290 000	14 523 000	19 068 000
Total Assets	194 012 000	178 888 000	178 059 000	160 714 000
Total Equity	109 243 000	101 738 000	98 871 000	92 801 000

Income (NOK)	2022	2021	2020	2019
Revenue	369 144 000	339 481 000	302 571 000	321 219 000
Expenditure	348 585 000	330 715 000	288 132 000	298 447 000
Operating Profit	20 558 000	8 765 000	14 439 000	22 771 000
Financial Income	1 542 000	2 021 000	4 463 000	2 258 000
Financial Costs	2 459 000	983 000	1 068 000	740 000
Financial Balance	−917 000	1 038 000	3 395 000	1 518 000
Earnings Before Tax	19 641 000	9 804 000	17 834 000	24 290 000
Tax	4 703 000	1 514 000	3 311 000	5 222 000
Net Income	14 938 000	8 290 000	14 523 000	19 068 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 775 000	24 985 000	23 227 000	18 249 000
Total Current Assets	168 237 000	153 903 000	154 832 000	142 465 000
Total Assets	194 012 000	178 888 000	178 059 000	160 714 000
Total Retained Equity	109 040 000	101 535 000	98 667 000	92 597 000
Total Equity	109 243 000	101 738 000	98 871 000	92 801 000
Total Long-Term Debt	11 350 000	8 022 000	8 656 000	6 713 000
Total Current Debt	73 419 000	69 128 000	70 533 000	61 200 000
Total Equity and Debt	194 012 000	178 888 000	178 059 000	160 714 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	369 018 000	339 373 000	302 444 000	321 047 000
Other Income	126 000	108 000	127 000	172 000
Revenue	369 144 000	339 481 000	302 571 000	321 219 000
Cost of Goods Sold	157 925 000	150 361 000	127 179 000	134 952 000
Salary Costs	152 764 000	143 487 000	129 547 000	130 757 000
Depreciation	3 301 000	2 803 000	2 723 000	2 527 000
Impairment	0	0	0	0
Expenditure	348 585 000	330 715 000	288 132 000	298 447 000
Operating Profit	20 558 000	8 765 000	14 439 000	22 771 000
Financial Income	1 542 000	2 021 000	4 463 000	2 258 000
Financial Costs	2 459 000	983 000	1 068 000	740 000
Financial Balance	−917 000	1 038 000	3 395 000	1 518 000
Dividends	0	0	0	0
Net Income	14 938 000	8 290 000	14 523 000	19 068 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	132 000
Total Intangible Assets	147 000	220 000	294 000	499 000
Real Eastate	9 137 000	9 241 000	9 275 000	8 897 000
Machinery and Plant Facilities	2 520 000	2 889 000	1 318 000	726 000
Fixtures	7 673 000	6 409 000	6 228 000	5 469 000
Total Tangible Assets	19 330 000	18 540 000	16 821 000	15 092 000
Total Fiancial Fixed Assets	6 298 000	6 225 000	6 113 000	2 658 000
Total Fixed Assets	25 775 000	24 985 000	23 227 000	18 249 000
Stock	13 216 000	12 938 000	13 384 000	13 248 000
Total Investments	19 325 000	18 725 000	21 190 000	17 131 000
Cash, Bank	36 093 000	43 933 000	41 287 000	38 389 000
Total Current Assets	168 237 000	153 903 000	154 832 000	142 465 000
Total Assets	194 012 000	178 888 000	178 059 000	160 714 000
Total Equity	109 243 000	101 738 000	98 871 000	92 801 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 350 000	8 022 000	8 656 000	6 713 000
Creditors	24 478 000	20 694 000	20 203 000	17 898 000
Unpaid Taxes	21 604 000	19 407 000	18 952 000	20 101 000
Dividends	0	0	0	0
Other Current Debt	18 470 000	19 637 000	22 596 000	14 748 000
Total Current Debt	73 419 000	69 128 000	70 533 000	61 200 000
Total Equity and Debt	194 012 000	178 888 000	178 059 000	160 714 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,67 %	8,15 %	14,69 %	20,55 %
Debt-to-Equity Ratio	0,1	0,08	0,09	0,07
Operating Profit Margin	5,57 %	2,58 %	4,77 %	7,09 %
Current Ratio	2,29	2,23	2,2	2,33
Quick Ratio	2,79	2,74	2,71	2,97
Equity Ratio	0,56	0,57	0,56	0,58
Gross Profit Margin	57,22 %	55,71 %	57,97 %	57,99 %