MORTEN FREDRIKSTAD AS

2760 BRANDBU

Finances

Share Ownership

Return on Equity

−13,84 %

Current Ratio

4,04

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 144 000	1 108 000	1 067 000	869 000
Net Income	−142 000	−38 000	−141 000	−58 000
Total Assets	1 295 000	1 471 000	1 529 000	1 650 000
Total Equity	1 026 000	1 168 000	1 206 000	1 347 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 144 000	1 108 000	1 067 000	869 000
Expenditure	1 278 000	1 139 000	1 197 000	939 000
Operating Profit	−135 000	−31 000	−131 000	−70 000
Financial Income	0	0	0	5 000
Financial Costs	8 000	8 000	10 000	11 000
Financial Balance	−8 000	−8 000	−10 000	−6 000
Earnings Before Tax	−142 000	−38 000	−140 000	−76 000
Tax	0	0	1 000	−18 000
Net Income	−142 000	−38 000	−141 000	−58 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	575 000	640 000	717 000	1 090 000
Total Current Assets	720 000	832 000	812 000	560 000
Total Assets	1 295 000	1 471 000	1 529 000	1 650 000
Total Retained Equity	926 000	1 068 000	1 106 000	1 247 000
Total Equity	1 026 000	1 168 000	1 206 000	1 347 000
Total Long-Term Debt	91 000	119 000	148 000	173 000
Total Current Debt	178 000	184 000	175 000	129 000
Total Equity and Debt	1 295 000	1 471 000	1 529 000	1 650 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 144 000	1 108 000	1 063 000	869 000
Other Income	0	0	4 000	0
Revenue	1 144 000	1 108 000	1 067 000	869 000
Cost of Goods Sold	198 000	158 000	110 000	156 000
Salary Costs	590 000	514 000	536 000	334 000
Depreciation	64 000	77 000	103 000	81 000
Impairment	0	0	0	0
Expenditure	1 278 000	1 139 000	1 197 000	939 000
Operating Profit	−135 000	−31 000	−131 000	−70 000
Financial Income	0	0	0	5 000
Financial Costs	8 000	8 000	10 000	11 000
Financial Balance	−8 000	−8 000	−10 000	−6 000
Dividends	0	0	0	0
Net Income	−142 000	−38 000	−141 000	−58 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	1 000
Real Eastate	382 000	398 000	414 000	431 000
Machinery and Plant Facilities	191 000	238 000	298 000	372 000
Fixtures	3 000	4 000	5 000	107 000
Total Tangible Assets	575 000	640 000	717 000	911 000
Total Fiancial Fixed Assets	0	0	0	179 000
Total Fixed Assets	575 000	640 000	717 000	1 090 000
Stock	12 000	25 000	25 000	25 000
Total Investments	0	0	0	0
Cash, Bank	237 000	287 000	344 000	337 000
Total Current Assets	720 000	832 000	812 000	560 000
Total Assets	1 295 000	1 471 000	1 529 000	1 650 000
Total Equity	1 026 000	1 168 000	1 206 000	1 347 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	91 000	119 000	148 000	173 000
Creditors	34 000	32 000	32 000	40 000
Unpaid Taxes	78 000	84 000	73 000	53 000
Dividends	0	0	0	0
Other Current Debt	66 000	59 000	60 000	37 000
Total Current Debt	178 000	184 000	175 000	129 000
Total Equity and Debt	1 295 000	1 471 000	1 529 000	1 650 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,84 %	−3,25 %	−11,69 %	−4,31 %
Debt-to-Equity Ratio	0,09	0,1	0,12	0,13
Operating Profit Margin	−11,8 %	−2,8 %	−12,28 %	−8,06 %
Current Ratio	4,04	4,52	4,64	4,34
Quick Ratio	4,34	5,23	5,41	5,38
Equity Ratio	0,79	0,79	0,79	0,82
Gross Profit Margin	82,69 %	85,74 %	89,69 %	82,05 %