MORGENRØDE AS

0364 OSLO

Finances

Return on Equity

26,47 %

Current Ratio

1,21

Debt-to-Equity Ratio

1,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 878 000	2 083 000	1 919 000	508 000
Net Income	579 000	888 000	1 177 000	340 000
Total Assets	5 443 000	5 611 000	5 633 000	1 996 000
Total Equity	2 187 000	1 958 000	1 420 000	243 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 878 000	2 083 000	1 919 000	508 000
Expenditure	1 029 000	852 000	340 000	31 000
Operating Profit	849 000	1 230 000	1 580 000	477 000
Financial Income	2 000	0	0	0
Financial Costs	109 000	92 000	71 000	41 000
Financial Balance	−107 000	−92 000	−71 000	−41 000
Earnings Before Tax	742 000	1 139 000	1 509 000	436 000
Tax	163 000	251 000	332 000	96 000
Net Income	579 000	888 000	1 177 000	340 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 824 000	4 824 000	4 800 000	1 600 000
Total Current Assets	618 000	786 000	833 000	396 000
Total Assets	5 443 000	5 611 000	5 633 000	1 996 000
Total Retained Equity	2 087 000	1 858 000	1 320 000	143 000
Total Equity	2 187 000	1 958 000	1 420 000	243 000
Total Long-Term Debt	2 743 000	3 048 000	2 888 000	810 000
Total Current Debt	512 000	604 000	1 325 000	943 000
Total Equity and Debt	5 443 000	5 611 000	5 633 000	1 996 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 598 000	1 805 000	1 762 000	404 000
Other Income	280 000	278 000	158 000	105 000
Revenue	1 878 000	2 083 000	1 919 000	508 000
Cost of Goods Sold	0	0	0	0
Salary Costs	650 000	553 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 029 000	852 000	340 000	31 000
Operating Profit	849 000	1 230 000	1 580 000	477 000
Financial Income	2 000	0	0	0
Financial Costs	109 000	92 000	71 000	41 000
Financial Balance	−107 000	−92 000	−71 000	−41 000
Dividends	350 000	350 000	0	0
Net Income	579 000	888 000	1 177 000	340 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 800 000	4 800 000	4 800 000	1 600 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 800 000	4 800 000	4 800 000	1 600 000
Total Fiancial Fixed Assets	24 000	24 000	0	0
Total Fixed Assets	4 824 000	4 824 000	4 800 000	1 600 000
Stock	0	0	0	0
Total Investments	9 000	9 000	9 000	9 000
Cash, Bank	570 000	777 000	824 000	387 000
Total Current Assets	618 000	786 000	833 000	396 000
Total Assets	5 443 000	5 611 000	5 633 000	1 996 000
Total Equity	2 187 000	1 958 000	1 420 000	243 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 743 000	3 048 000	2 888 000	810 000
Creditors	4 000	3 000	0	0
Unpaid Taxes	−67 000	0	0	0
Dividends	350 000	350 000	0	0
Other Current Debt	76 000	0	993 000	847 000
Total Current Debt	512 000	604 000	1 325 000	943 000
Total Equity and Debt	5 443 000	5 611 000	5 633 000	1 996 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,47 %	45,35 %	82,89 %	139,92 %
Debt-to-Equity Ratio	1,25	1,56	2,03	3,33
Operating Profit Margin	45,21 %	59,05 %	82,33 %	93,9 %
Current Ratio	1,21	1,3	0,63	0,42
Quick Ratio	1,21	1,3	0,63	0,42
Equity Ratio	0,4	0,35	0,25	0,12
Gross Profit Margin	100 %	100 %	100 %	100 %