MORTEN FINNE AS

5106 ØVRE ERVIK

Finances

Return on Equity

19,21 %

Current Ratio

262,63

Debt-to-Equity Ratio

0,48

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 000	0	0	0
Net Income	572 000	931 000	180 000	352 000
Total Assets	4 419 000	4 445 000	3 568 000	3 465 000
Total Equity	2 977 000	2 405 000	3 475 000	3 364 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 000	0	0	0
Expenditure	38 000	128 000	117 000	133 000
Operating Profit	−21 000	−129 000	−117 000	−133 000
Financial Income	817 000	1 060 000	297 000	486 000
Financial Costs	224 000	1 000	0	0
Financial Balance	593 000	1 059 000	297 000	486 000
Earnings Before Tax	572 000	931 000	180 000	352 000
Tax	0	0	0	0
Net Income	572 000	931 000	180 000	352 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	218 000	218 000	218 000	218 000
Total Current Assets	4 202 000	4 227 000	3 351 000	3 247 000
Total Assets	4 419 000	4 445 000	3 568 000	3 465 000
Total Retained Equity	2 945 000	2 373 000	3 442 000	3 331 000
Total Equity	2 977 000	2 405 000	3 475 000	3 364 000
Total Long-Term Debt	1 425 000	2 000 000	0	0
Total Current Debt	16 000	40 000	94 000	101 000
Total Equity and Debt	4 419 000	4 445 000	3 568 000	3 465 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	18 000	0	0	0
Revenue	18 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	18 000	68 000	68 000	67 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	38 000	128 000	117 000	133 000
Operating Profit	−21 000	−129 000	−117 000	−133 000
Financial Income	817 000	1 060 000	297 000	486 000
Financial Costs	224 000	1 000	0	0
Financial Balance	593 000	1 059 000	297 000	486 000
Dividends	0	2 000 000	70 000	190 000
Net Income	572 000	931 000	180 000	352 000

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	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	218 000	218 000	218 000	218 000
Total Fixed Assets	218 000	218 000	218 000	218 000
Stock	0	0	0	0
Total Investments	2 756 000	2 854 000	2 232 000	1 632 000
Cash, Bank	491 000	314 000	531 000	1 156 000
Total Current Assets	4 202 000	4 227 000	3 351 000	3 247 000
Total Assets	4 419 000	4 445 000	3 568 000	3 465 000
Total Equity	2 977 000	2 405 000	3 475 000	3 364 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 425 000	2 000 000	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	13 000	9 000	9 000
Dividends	0	2 000 000	70 000	190 000
Other Current Debt	16 000	27 000	15 000	22 000
Total Current Debt	16 000	40 000	94 000	101 000
Total Equity and Debt	4 419 000	4 445 000	3 568 000	3 465 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,21 %	38,71 %	5,18 %	10,46 %
Debt-to-Equity Ratio	0,48	0,83	0	0
Operating Profit Margin	−116,67 %	-	-	-
Current Ratio	262,63	105,68	35,65	32,15
Quick Ratio	262,63	105,68	35,65	32,15
Equity Ratio	0,67	0,54	0,97	0,97
Gross Profit Margin	100 %	-	-	-