MØREFORSKING AS

6009 ÅLESUND

Finances

Return on Equity

3,74 %

Current Ratio

1,57

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	61 469 000	50 378 000	55 348 000	58 739 000
Net Income	623 000	−2 242 000	−3 774 000	−2 294 000
Total Assets	40 110 000	29 343 000	30 786 000	31 283 000
Total Equity	16 646 000	16 023 000	18 265 000	15 039 000

Income (NOK)	2022	2021	2020	2019
Revenue	61 469 000	50 378 000	55 348 000	58 739 000
Expenditure	60 874 000	52 583 000	59 081 000	62 635 000
Operating Profit	596 000	−2 206 000	−3 733 000	−3 896 000
Financial Income	75 000	13 000	20 000	60 000
Financial Costs	48 000	50 000	61 000	84 000
Financial Balance	27 000	−37 000	−41 000	−24 000
Earnings Before Tax	623 000	−2 242 000	−3 774 000	−3 920 000
Tax	0	0	0	−1 626 000
Net Income	623 000	−2 242 000	−3 774 000	−2 294 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 560 000	5 248 000	6 011 000	5 831 000
Total Current Assets	35 549 000	24 095 000	24 775 000	25 452 000
Total Assets	40 110 000	29 343 000	30 786 000	31 283 000
Total Retained Equity	7 502 000	6 879 000	9 121 000	8 537 000
Total Equity	16 646 000	16 023 000	18 265 000	15 039 000
Total Long-Term Debt	762 000	1 038 000	1 316 000	1 541 000
Total Current Debt	22 701 000	12 281 000	11 205 000	14 703 000
Total Equity and Debt	40 110 000	29 343 000	30 786 000	31 283 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	61 101 000	50 148 000	55 341 000	58 572 000
Other Income	369 000	231 000	7 000	168 000
Revenue	61 469 000	50 378 000	55 348 000	58 739 000
Cost of Goods Sold	17 279 000	8 240 000	9 899 000	12 604 000
Salary Costs	34 856 000	36 183 000	40 119 000	40 022 000
Depreciation	452 000	608 000	529 000	546 000
Impairment	0	0	0	0
Expenditure	60 874 000	52 583 000	59 081 000	62 635 000
Operating Profit	596 000	−2 206 000	−3 733 000	−3 896 000
Financial Income	75 000	13 000	20 000	60 000
Financial Costs	48 000	50 000	61 000	84 000
Financial Balance	27 000	−37 000	−41 000	−24 000
Dividends	0	0	0	0
Net Income	623 000	−2 242 000	−3 774 000	−2 294 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 923 000	1 972 000	1 972 000	1 972 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	1 010 000	0
Fixtures	749 000	973 000	572 000	1 156 000
Total Tangible Assets	749 000	973 000	1 581 000	1 156 000
Total Fiancial Fixed Assets	1 888 000	2 303 000	2 458 000	2 703 000
Total Fixed Assets	4 560 000	5 248 000	6 011 000	5 831 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 925 000	5 893 000	8 209 000	9 937 000
Total Current Assets	35 549 000	24 095 000	24 775 000	25 452 000
Total Assets	40 110 000	29 343 000	30 786 000	31 283 000
Total Equity	16 646 000	16 023 000	18 265 000	15 039 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	762 000	1 038 000	1 316 000	1 541 000
Creditors	7 723 000	1 485 000	3 997 000	5 325 000
Unpaid Taxes	3 011 000	2 836 000	2 939 000	2 877 000
Dividends	0	0	0	0
Other Current Debt	11 967 000	7 960 000	4 270 000	6 502 000
Total Current Debt	22 701 000	12 281 000	11 205 000	14 703 000
Total Equity and Debt	40 110 000	29 343 000	30 786 000	31 283 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,74 %	−13,99 %	−20,66 %	−15,25 %
Debt-to-Equity Ratio	0,05	0,06	0,07	0,1
Operating Profit Margin	0,97 %	−4,38 %	−6,74 %	−6,63 %
Current Ratio	1,57	1,96	2,21	1,73
Quick Ratio	1,57	1,96	2,21	1,73
Equity Ratio	0,42	0,55	0,59	0,48
Gross Profit Margin	71,89 %	83,64 %	82,11 %	78,54 %