MORROW TECHNOLOGIES AS

4836 ARENDAL

Finances

Share Ownership

Return on Equity

−22,71 %

Current Ratio

11,76

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 256 000	2 196 000	1 634 000	1 623 000
Net Income	−15 322 000	210 000	−602 000	−558 000
Total Assets	72 600 000	9 017 000	9 518 000	1 697 000
Total Equity	67 474 000	5 667 000	5 458 000	1 060 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 256 000	2 196 000	1 634 000	1 623 000
Expenditure	22 313 000	1 919 000	4 661 000	2 181 000
Operating Profit	−21 057 000	276 000	−3 027 000	−558 000
Financial Income	1 434 000	1 000	4 000	2 000
Financial Costs	21 000	8 000	3 000	2 000
Financial Balance	1 413 000	−7 000	1 000	0
Earnings Before Tax	−19 644 000	269 000	−3 026 000	−558 000
Tax	−4 322 000	59 000	−2 424 000	0
Net Income	−15 322 000	210 000	−602 000	−558 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 301 000	2 365 000	2 574 000	297 000
Total Current Assets	60 299 000	6 652 000	6 944 000	1 400 000
Total Assets	72 600 000	9 017 000	9 518 000	1 697 000
Total Retained Equity	−15 715 000	−392 000	−602 000	0
Total Equity	67 474 000	5 667 000	5 458 000	1 060 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 126 000	3 349 000	4 060 000	637 000
Total Equity and Debt	72 600 000	9 017 000	9 518 000	1 697 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 256 000	0	0	54 000
Other Income	0	2 196 000	1 634 000	1 569 000
Revenue	1 256 000	2 196 000	1 634 000	1 623 000
Cost of Goods Sold	0	780 000	695 000	453 000
Salary Costs	5 614 000	504 000	1 778 000	1 222 000
Depreciation	873 000	115 000	147 000	131 000
Impairment	0	0	0	0
Expenditure	22 313 000	1 919 000	4 661 000	2 181 000
Operating Profit	−21 057 000	276 000	−3 027 000	−558 000
Financial Income	1 434 000	1 000	4 000	2 000
Financial Costs	21 000	8 000	3 000	2 000
Financial Balance	1 413 000	−7 000	1 000	0
Dividends	0	0	0	0
Net Income	−15 322 000	210 000	−602 000	−558 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 686 000	2 365 000	2 424 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	5 615 000	0	115 000	0
Fixtures	0	0	0	262 000
Total Tangible Assets	5 615 000	0	115 000	262 000
Total Fiancial Fixed Assets	0	0	35 000	35 000
Total Fixed Assets	12 301 000	2 365 000	2 574 000	297 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	53 080 000	6 547 000	6 733 000	150 000
Total Current Assets	60 299 000	6 652 000	6 944 000	1 400 000
Total Assets	72 600 000	9 017 000	9 518 000	1 697 000
Total Equity	67 474 000	5 667 000	5 458 000	1 060 000
Short-Term Group Debt	0	3 111 000	2 468 000	0
Total Long-Term Debt	0	0	0	0
Creditors	2 248 000	238 000	882 000	322 000
Unpaid Taxes	306 000	0	7 000	124 000
Dividends	0	0	0	0
Other Current Debt	2 572 000	0	703 000	192 000
Total Current Debt	5 126 000	3 349 000	4 060 000	637 000
Total Equity and Debt	72 600 000	9 017 000	9 518 000	1 697 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−22,71 %	3,71 %	−11,03 %	−52,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1 676,51 %	12,57 %	−185,25 %	−34,38 %
Current Ratio	11,76	1,99	1,71	2,2
Quick Ratio	11,76	1,99	1,71	2,2
Equity Ratio	0,93	0,63	0,57	0,62
Gross Profit Margin	100 %	64,48 %	57,47 %	72,09 %