MORNINGSIDE AS

0277 OSLO

Finances

Return on Equity

17,11 %

Current Ratio

1,53

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	215 859 000	172 091 000	520 000	968 000
Net Income	13 959 000	33 360 000	−251 000	755 000
Total Assets	125 427 000	111 321 000	3 291 000	3 756 000
Total Equity	81 601 000	70 605 000	3 053 000	3 304 000

Income (NOK)	2022	2021	2020	2019
Revenue	215 859 000	172 091 000	520 000	968 000
Expenditure	198 632 000	26 913 000	15 000	11 000
Operating Profit	17 227 000	16 238 000	505 000	957 000
Financial Income	2 915 000	20 889 000	2 000	11 000
Financial Costs	2 161 000	31 000	646 000	0
Financial Balance	754 000	20 858 000	−644 000	11 000
Earnings Before Tax	17 982 000	37 096 000	−139 000	968 000
Tax	4 023 000	3 736 000	112 000	213 000
Net Income	13 959 000	33 360 000	−251 000	755 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	58 590 000	65 349 000	2 548 000	3 268 000
Total Current Assets	66 837 000	45 972 000	743 000	488 000
Total Assets	125 427 000	111 321 000	3 291 000	3 756 000
Total Retained Equity	63 797 000	52 824 000	3 013 000	3 264 000
Total Equity	81 601 000	70 605 000	3 053 000	3 304 000
Total Long-Term Debt	187 000	5 655 000	0	0
Total Current Debt	43 639 000	35 061 000	238 000	452 000
Total Equity and Debt	125 427 000	111 321 000	3 291 000	3 756 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	215 790 000	172 091 000	520 000	968 000
Other Income	69 000	0	0	0
Revenue	215 859 000	172 091 000	520 000	968 000
Cost of Goods Sold	169 528 000	0	0	0
Salary Costs	27 051 000	24 860 000	0	0
Depreciation	212 000	193 000	0	0
Impairment	0	0	0	0
Expenditure	198 632 000	26 913 000	15 000	11 000
Operating Profit	17 227 000	16 238 000	505 000	957 000
Financial Income	2 915 000	20 889 000	2 000	11 000
Financial Costs	2 161 000	31 000	646 000	0
Financial Balance	754 000	20 858 000	−644 000	11 000
Dividends	0	0	0	0
Net Income	13 959 000	33 360 000	−251 000	755 000

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	929 000	403 000	85 000	85 000
Total Tangible Assets	929 000	403 000	85 000	85 000
Total Fiancial Fixed Assets	57 661 000	64 947 000	2 463 000	3 183 000
Total Fixed Assets	58 590 000	65 349 000	2 548 000	3 268 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	33 112 000	15 266 000	488 000	220 000
Total Current Assets	66 837 000	45 972 000	743 000	488 000
Total Assets	125 427 000	111 321 000	3 291 000	3 756 000
Total Equity	81 601 000	70 605 000	3 053 000	3 304 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	187 000	5 655 000	0	0
Creditors	22 354 000	9 747 000	0	0
Unpaid Taxes	1 978 000	8 772 000	127 000	239 000
Dividends	0	0	0	0
Other Current Debt	12 460 000	12 481 000	0	0
Total Current Debt	43 639 000	35 061 000	238 000	452 000
Total Equity and Debt	125 427 000	111 321 000	3 291 000	3 756 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,11 %	47,25 %	−8,22 %	22,85 %
Debt-to-Equity Ratio	0	0,08	0	0
Operating Profit Margin	7,98 %	9,44 %	97,12 %	98,86 %
Current Ratio	1,53	1,31	3,12	1,08
Quick Ratio	1,53	1,31	3,12	1,08
Equity Ratio	0,65	0,63	0,93	0,88
Gross Profit Margin	21,46 %	100 %	100 %	100 %