MORTEN HALVORSEN AS

3030 DRAMMEN

Finances

Share Ownership

Return on Equity

−4,11 %

Current Ratio

5,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	282 000	505 000	526 000	606 000
Net Income	−16 000	−279 000	−42 000	−3 000
Total Assets	476 000	581 000	858 000	899 000
Total Equity	389 000	404 000	683 000	725 000

Income (NOK)	2022	2021	2020	2019
Revenue	282 000	505 000	526 000	606 000
Expenditure	297 000	565 000	569 000	610 000
Operating Profit	−16 000	−60 000	−42 000	−4 000
Financial Income	0	0	0	0
Financial Costs	0	219 000	0	0
Financial Balance	0	−219 000	0	0
Earnings Before Tax	−16 000	−279 000	−42 000	−3 000
Tax	0	0	0	0
Net Income	−16 000	−279 000	−42 000	−3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	219 000	219 000
Total Current Assets	476 000	581 000	639 000	681 000
Total Assets	476 000	581 000	858 000	899 000
Total Retained Equity	289 000	304 000	583 000	625 000
Total Equity	389 000	404 000	683 000	725 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	87 000	177 000	175 000	175 000
Total Equity and Debt	476 000	581 000	858 000	899 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	282 000	505 000	526 000	606 000
Other Income	0	0	0	0
Revenue	282 000	505 000	526 000	606 000
Cost of Goods Sold	7 000	21 000	26 000	65 000
Salary Costs	237 000	463 000	455 000	446 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	297 000	565 000	569 000	610 000
Operating Profit	−16 000	−60 000	−42 000	−4 000
Financial Income	0	0	0	0
Financial Costs	0	219 000	0	0
Financial Balance	0	−219 000	0	0
Dividends	0	0	0	0
Net Income	−16 000	−279 000	−42 000	−3 000

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	0	0	219 000	219 000
Total Fixed Assets	0	0	219 000	219 000
Stock	33 000	37 000	53 000	62 000
Total Investments	0	0	0	0
Cash, Bank	432 000	505 000	578 000	559 000
Total Current Assets	476 000	581 000	639 000	681 000
Total Assets	476 000	581 000	858 000	899 000
Total Equity	389 000	404 000	683 000	725 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	6 000	1 000	1 000
Unpaid Taxes	65 000	125 000	131 000	137 000
Dividends	0	0	0	0
Other Current Debt	22 000	46 000	43 000	37 000
Total Current Debt	87 000	177 000	175 000	175 000
Total Equity and Debt	476 000	581 000	858 000	899 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,11 %	−69,06 %	−6,15 %	−0,41 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−5,67 %	−11,88 %	−7,98 %	−0,66 %
Current Ratio	5,47	3,28	3,65	3,89
Quick Ratio	8,81	4,15	5,24	6,03
Equity Ratio	0,82	0,7	0,8	0,81
Gross Profit Margin	97,52 %	95,84 %	95,06 %	89,27 %