MØRVIK AS

1488 HAKADAL

Finances

Return on Equity

−8,35 %

Current Ratio

1,12

Debt-to-Equity Ratio

0,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 744 000	4 410 000	4 633 000	3 877 000
Net Income	−808 000	−305 000	3 114 000	1 967 000
Total Assets	16 830 000	16 292 000	16 040 000	14 119 000
Total Equity	9 678 000	10 486 000	10 791 000	7 676 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 744 000	4 410 000	4 633 000	3 877 000
Expenditure	3 778 000	4 464 000	3 434 000	3 613 000
Operating Profit	−1 034 000	−55 000	1 199 000	264 000
Financial Income	0	0	2 485 000	2 002 000
Financial Costs	1 000	264 000	129 000	241 000
Financial Balance	−1 000	−264 000	2 356 000	1 761 000
Earnings Before Tax	−1 035 000	−319 000	3 555 000	2 025 000
Tax	−227 000	−14 000	440 000	58 000
Net Income	−808 000	−305 000	3 114 000	1 967 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 892 000	15 251 000	12 532 000	12 945 000
Total Current Assets	938 000	1 040 000	3 508 000	1 174 000
Total Assets	16 830 000	16 292 000	16 040 000	14 119 000
Total Retained Equity	7 130 000	7 938 000	8 242 000	5 128 000
Total Equity	9 678 000	10 486 000	10 791 000	7 676 000
Total Long-Term Debt	6 315 000	4 085 000	4 429 000	5 903 000
Total Current Debt	837 000	1 721 000	820 000	540 000
Total Equity and Debt	16 830 000	16 292 000	16 040 000	14 119 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 740 000	4 410 000	3 850 000	3 441 000
Other Income	3 000	0	783 000	436 000
Revenue	2 744 000	4 410 000	4 633 000	3 877 000
Cost of Goods Sold	777 000	1 441 000	620 000	1 019 000
Salary Costs	1 415 000	1 666 000	1 422 000	1 180 000
Depreciation	323 000	206 000	166 000	208 000
Impairment	0	0	0	0
Expenditure	3 778 000	4 464 000	3 434 000	3 613 000
Operating Profit	−1 034 000	−55 000	1 199 000	264 000
Financial Income	0	0	2 485 000	2 002 000
Financial Costs	1 000	264 000	129 000	241 000
Financial Balance	−1 000	−264 000	2 356 000	1 761 000
Dividends	0	0	0	0
Net Income	−808 000	−305 000	3 114 000	1 967 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	129 000	0	0	15 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	565 000	333 000	41 000	61 000
Fixtures	505 000	474 000	455 000	454 000
Total Tangible Assets	1 070 000	807 000	496 000	514 000
Total Fiancial Fixed Assets	14 693 000	14 445 000	12 036 000	12 415 000
Total Fixed Assets	15 892 000	15 251 000	12 532 000	12 945 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	500 000	141 000	1 438 000	270 000
Total Current Assets	938 000	1 040 000	3 508 000	1 174 000
Total Assets	16 830 000	16 292 000	16 040 000	14 119 000
Total Equity	9 678 000	10 486 000	10 791 000	7 676 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 315 000	4 085 000	4 429 000	5 903 000
Creditors	349 000	171 000	84 000	119 000
Unpaid Taxes	92 000	456 000	303 000	192 000
Dividends	0	0	0	0
Other Current Debt	396 000	1 087 000	194 000	188 000
Total Current Debt	837 000	1 721 000	820 000	540 000
Total Equity and Debt	16 830 000	16 292 000	16 040 000	14 119 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,35 %	−2,91 %	28,86 %	25,63 %
Debt-to-Equity Ratio	0,65	0,39	0,41	0,77
Operating Profit Margin	−37,68 %	−1,25 %	25,88 %	6,81 %
Current Ratio	1,12	0,6	4,28	2,17
Quick Ratio	1,12	0,6	4,28	2,17
Equity Ratio	0,58	0,64	0,67	0,54
Gross Profit Margin	71,68 %	67,32 %	86,62 %	73,72 %