MØRE ELEKTROSERVICE AS

6008 ÅLESUND

Finances

Share Ownership

Return on Equity

14,67 %

Current Ratio

2,19

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 865 000	14 772 000	13 660 000	14 074 000
Net Income	824 000	820 000	771 000	780 000
Total Assets	9 554 000	9 234 000	8 772 000	9 243 000
Total Equity	5 615 000	5 292 000	5 471 000	5 200 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 865 000	14 772 000	13 660 000	14 074 000
Expenditure	16 825 000	13 728 000	12 675 000	13 057 000
Operating Profit	1 040 000	1 044 000	984 000	1 017 000
Financial Income	23 000	10 000	20 000	9 000
Financial Costs	1 000	0	13 000	22 000
Financial Balance	22 000	10 000	7 000	−13 000
Earnings Before Tax	1 062 000	1 053 000	990 000	1 003 000
Tax	239 000	233 000	220 000	224 000
Net Income	824 000	820 000	771 000	780 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	948 000	943 000	235 000	313 000
Total Current Assets	8 607 000	8 291 000	8 537 000	8 931 000
Total Assets	9 554 000	9 234 000	8 772 000	9 243 000
Total Retained Equity	5 240 000	4 917 000	5 096 000	4 825 000
Total Equity	5 615 000	5 292 000	5 471 000	5 200 000
Total Long-Term Debt	0	0	0	529 000
Total Current Debt	3 939 000	3 943 000	3 301 000	3 514 000
Total Equity and Debt	9 554 000	9 234 000	8 772 000	9 243 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 698 000	14 526 000	13 659 000	14 073 000
Other Income	167 000	246 000	0	1 000
Revenue	17 865 000	14 772 000	13 660 000	14 074 000
Cost of Goods Sold	7 260 000	4 823 000	5 081 000	4 583 000
Salary Costs	7 252 000	6 650 000	5 721 000	6 106 000
Depreciation	35 000	32 000	36 000	32 000
Impairment	0	0	0	0
Expenditure	16 825 000	13 728 000	12 675 000	13 057 000
Operating Profit	1 040 000	1 044 000	984 000	1 017 000
Financial Income	23 000	10 000	20 000	9 000
Financial Costs	1 000	0	13 000	22 000
Financial Balance	22 000	10 000	7 000	−13 000
Dividends	500 000	1 000 000	500 000	500 000
Net Income	824 000	820 000	771 000	780 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	33 000	93 000	130 000	171 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	273 000	29 000	62 000	97 000
Total Tangible Assets	273 000	29 000	62 000	97 000
Total Fiancial Fixed Assets	641 000	820 000	44 000	44 000
Total Fixed Assets	948 000	943 000	235 000	313 000
Stock	854 000	794 000	632 000	697 000
Total Investments	0	0	0	0
Cash, Bank	1 809 000	3 136 000	4 678 000	3 105 000
Total Current Assets	8 607 000	8 291 000	8 537 000	8 931 000
Total Assets	9 554 000	9 234 000	8 772 000	9 243 000
Total Equity	5 615 000	5 292 000	5 471 000	5 200 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	529 000
Creditors	891 000	638 000	679 000	627 000
Unpaid Taxes	1 479 000	1 146 000	1 111 000	1 372 000
Dividends	500 000	1 000 000	500 000	500 000
Other Current Debt	1 389 000	1 963 000	1 333 000	1 262 000
Total Current Debt	3 939 000	3 943 000	3 301 000	3 514 000
Total Equity and Debt	9 554 000	9 234 000	8 772 000	9 243 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,67 %	15,5 %	14,09 %	15 %
Debt-to-Equity Ratio	0	0	0	0,1
Operating Profit Margin	5,82 %	7,07 %	7,2 %	7,23 %
Current Ratio	2,19	2,1	2,59	2,54
Quick Ratio	2,79	2,63	3,2	3,17
Equity Ratio	0,59	0,57	0,62	0,56
Gross Profit Margin	59,36 %	67,35 %	62,8 %	67,44 %