MORSTAD BIL AS

2770 JAREN

Finances

Return on Equity

28,9 %

Current Ratio

1,21

Debt-to-Equity Ratio

0,51

Key figures (NOK)	2022	2021	2020	2019
Revenue	45 836 000	28 552 000	27 418 000	28 626 000
Net Income	589 000	436 000	401 000	−152 000
Total Assets	12 973 000	10 200 000	8 417 000	10 204 000
Total Equity	2 038 000	1 449 000	1 014 000	112 000

Income (NOK)	2022	2021	2020	2019
Revenue	45 836 000	28 552 000	27 418 000	28 626 000
Expenditure	44 706 000	27 787 000	26 691 000	28 585 000
Operating Profit	1 130 000	766 000	727 000	41 000
Financial Income	0	9 000	10 000	17 000
Financial Costs	375 000	216 000	222 000	253 000
Financial Balance	−375 000	−207 000	−212 000	−236 000
Earnings Before Tax	755 000	558 000	515 000	−195 000
Tax	166 000	123 000	113 000	−43 000
Net Income	589 000	436 000	401 000	−152 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 017 000	1 598 000	1 660 000	711 000
Total Current Assets	11 956 000	8 601 000	6 758 000	9 493 000
Total Assets	12 973 000	10 200 000	8 417 000	10 204 000
Total Retained Equity	535 000	−53 000	−489 000	−890 000
Total Equity	2 038 000	1 449 000	1 014 000	112 000
Total Long-Term Debt	1 037 000	1 437 000	1 076 000	594 000
Total Current Debt	9 898 000	7 314 000	6 328 000	9 498 000
Total Equity and Debt	12 973 000	10 200 000	8 417 000	10 204 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	44 687 000	28 153 000	26 993 000	27 851 000
Other Income	1 148 000	399 000	425 000	775 000
Revenue	45 836 000	28 552 000	27 418 000	28 626 000
Cost of Goods Sold	41 964 000	25 826 000	25 395 000	26 607 000
Salary Costs	706 000	909 000	512 000	963 000
Depreciation	363 000	339 000	155 000	157 000
Impairment	0	0	0	0
Expenditure	44 706 000	27 787 000	26 691 000	28 585 000
Operating Profit	1 130 000	766 000	727 000	41 000
Financial Income	0	9 000	10 000	17 000
Financial Costs	375 000	216 000	222 000	253 000
Financial Balance	−375 000	−207 000	−212 000	−236 000
Dividends	0	0	0	0
Net Income	589 000	436 000	401 000	−152 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	76 000	199 000	312 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	999 000	1 504 000	1 443 000	381 000
Total Tangible Assets	999 000	1 504 000	1 443 000	381 000
Total Fiancial Fixed Assets	18 000	18 000	18 000	18 000
Total Fixed Assets	1 017 000	1 598 000	1 660 000	711 000
Stock	10 468 000	6 917 000	5 947 000	8 175 000
Total Investments	0	0	0	0
Cash, Bank	725 000	104 000	211 000	1 094 000
Total Current Assets	11 956 000	8 601 000	6 758 000	9 493 000
Total Assets	12 973 000	10 200 000	8 417 000	10 204 000
Total Equity	2 038 000	1 449 000	1 014 000	112 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 037 000	1 437 000	1 076 000	594 000
Creditors	1 850 000	850 000	609 000	2 726 000
Unpaid Taxes	25 000	29 000	258 000	54 000
Dividends	0	0	0	0
Other Current Debt	955 000	907 000	889 000	1 875 000
Total Current Debt	9 898 000	7 314 000	6 328 000	9 498 000
Total Equity and Debt	12 973 000	10 200 000	8 417 000	10 204 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,9 %	30,09 %	39,55 %	−135,71 %
Debt-to-Equity Ratio	0,51	0,99	1,06	5,3
Operating Profit Margin	2,47 %	2,68 %	2,65 %	0,14 %
Current Ratio	1,21	1,18	1,07	1
Quick Ratio	−20,98	21,66	17,74	7,18
Equity Ratio	0,16	0,14	0,12	0,01
Gross Profit Margin	8,45 %	9,55 %	7,38 %	7,05 %