MORGAN AS

3750 DRANGEDAL

Finances

Share Ownership

Return on Equity

36,05 %

Current Ratio

1,49

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	200 649 000	140 258 000	114 366 000	154 661 000
Net Income	8 162 000	6 664 000	2 307 000	3 540 000
Total Assets	77 247 000	54 976 000	37 932 000	54 379 000
Total Equity	22 641 000	14 479 000	15 681 000	13 374 000

Income (NOK)	2022	2021	2020	2019
Revenue	200 649 000	140 258 000	114 366 000	154 661 000
Expenditure	190 252 000	131 718 000	111 448 000	150 152 000
Operating Profit	10 396 000	8 540 000	2 918 000	4 509 000
Financial Income	89 000	53 000	205 000	215 000
Financial Costs	19 000	47 000	166 000	181 000
Financial Balance	70 000	6 000	39 000	34 000
Earnings Before Tax	10 467 000	8 546 000	2 957 000	4 542 000
Tax	2 304 000	1 882 000	650 000	1 002 000
Net Income	8 162 000	6 664 000	2 307 000	3 540 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	584 000	86 000	228 000	350 000
Total Current Assets	76 664 000	54 891 000	37 704 000	54 029 000
Total Assets	77 247 000	54 976 000	37 932 000	54 379 000
Total Retained Equity	22 418 000	14 255 000	15 457 000	13 151 000
Total Equity	22 641 000	14 479 000	15 681 000	13 374 000
Total Long-Term Debt	3 226 000	923 000	3 147 000	1 530 000
Total Current Debt	51 380 000	39 574 000	19 104 000	39 474 000
Total Equity and Debt	77 247 000	54 976 000	37 932 000	54 379 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	200 649 000	140 258 000	114 366 000	154 661 000
Other Income	0	0	0	0
Revenue	200 649 000	140 258 000	114 366 000	154 661 000
Cost of Goods Sold	155 276 000	104 653 000	91 356 000	130 035 000
Salary Costs	27 631 000	22 460 000	17 319 000	16 870 000
Depreciation	128 000	176 000	153 000	159 000
Impairment	0	0	0	0
Expenditure	190 252 000	131 718 000	111 448 000	150 152 000
Operating Profit	10 396 000	8 540 000	2 918 000	4 509 000
Financial Income	89 000	53 000	205 000	215 000
Financial Costs	19 000	47 000	166 000	181 000
Financial Balance	70 000	6 000	39 000	34 000
Dividends	0	0	0	0
Net Income	8 162 000	6 664 000	2 307 000	3 540 000

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	584 000	86 000	228 000	350 000
Total Tangible Assets	584 000	86 000	228 000	350 000
Total Fiancial Fixed Assets	0	795 000	0	0
Total Fixed Assets	584 000	86 000	228 000	350 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	42 685 000	38 773 000	16 255 000	31 516 000
Total Current Assets	76 664 000	54 891 000	37 704 000	54 029 000
Total Assets	77 247 000	54 976 000	37 932 000	54 379 000
Total Equity	22 641 000	14 479 000	15 681 000	13 374 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 226 000	923 000	3 147 000	1 530 000
Creditors	25 078 000	25 940 000	8 486 000	24 581 000
Unpaid Taxes	2 987 000	2 974 000	3 775 000	5 759 000
Dividends	0	0	0	0
Other Current Debt	23 313 000	8 773 000	6 843 000	9 103 000
Total Current Debt	51 380 000	39 574 000	19 104 000	39 474 000
Total Equity and Debt	77 247 000	54 976 000	37 932 000	54 379 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,05 %	46,03 %	14,71 %	26,47 %
Debt-to-Equity Ratio	0,14	0,06	0,2	0,11
Operating Profit Margin	5,18 %	6,09 %	2,55 %	2,92 %
Current Ratio	1,49	1,39	1,97	1,37
Quick Ratio	1,49	1,39	1,97	1,37
Equity Ratio	0,29	0,26	0,41	0,25
Gross Profit Margin	22,61 %	25,39 %	20,12 %	15,92 %