NORION MARINE AS

6006 ÅLESUND

Finances

Return on Equity

24,87 %

Current Ratio

1,62

Debt-to-Equity Ratio

0,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	101 735 000	97 803 000	98 029 000	924 000
Net Income	4 511 000	6 781 000	4 620 000	411 000
Total Assets	54 286 000	46 490 000	36 581 000	7 990 000
Total Equity	18 140 000	14 952 000	8 171 000	1 723 000

Income (NOK)	2022	2021	2020	2019
Revenue	101 735 000	97 803 000	98 029 000	924 000
Expenditure	95 315 000	88 799 000	91 546 000	479 000
Operating Profit	6 420 000	9 005 000	6 483 000	445 000
Financial Income	23 000	25 000	18 000	250 000
Financial Costs	642 000	333 000	498 000	238 000
Financial Balance	−619 000	−308 000	−480 000	12 000
Earnings Before Tax	5 801 000	8 697 000	6 002 000	457 000
Tax	1 289 000	1 916 000	1 383 000	46 000
Net Income	4 511 000	6 781 000	4 620 000	411 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 963 000	7 023 000	4 668 000	7 184 000
Total Current Assets	47 324 000	39 467 000	31 913 000	806 000
Total Assets	54 286 000	46 490 000	36 581 000	7 990 000
Total Retained Equity	17 340 000	14 152 000	7 371 000	923 000
Total Equity	18 140 000	14 952 000	8 171 000	1 723 000
Total Long-Term Debt	6 848 000	7 525 000	5 615 000	5 667 000
Total Current Debt	29 299 000	24 013 000	22 795 000	601 000
Total Equity and Debt	54 286 000	46 490 000	36 581 000	7 990 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	101 668 000	97 726 000	97 980 000	12 000
Other Income	68 000	77 000	49 000	912 000
Revenue	101 735 000	97 803 000	98 029 000	924 000
Cost of Goods Sold	72 668 000	69 267 000	72 953 000	0
Salary Costs	14 306 000	12 026 000	11 483 000	0
Depreciation	699 000	615 000	598 000	336 000
Impairment	0	0	0	0
Expenditure	95 315 000	88 799 000	91 546 000	479 000
Operating Profit	6 420 000	9 005 000	6 483 000	445 000
Financial Income	23 000	25 000	18 000	250 000
Financial Costs	642 000	333 000	498 000	238 000
Financial Balance	−619 000	−308 000	−480 000	12 000
Dividends	1 240 000	0	0	83 000
Net Income	4 511 000	6 781 000	4 620 000	411 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	561 000	394 000	297 000	116 000
Real Eastate	5 808 000	5 881 000	3 717 000	3 368 000
Machinery and Plant Facilities	429 000	557 000	412 000	0
Fixtures	165 000	192 000	242 000	0
Total Tangible Assets	6 402 000	6 629 000	4 371 000	3 368 000
Total Fiancial Fixed Assets	0	0	0	3 700 000
Total Fixed Assets	6 963 000	7 023 000	4 668 000	7 184 000
Stock	41 059 000	32 937 000	27 448 000	0
Total Investments	0	0	0	0
Cash, Bank	2 913 000	3 060 000	1 566 000	556 000
Total Current Assets	47 324 000	39 467 000	31 913 000	806 000
Total Assets	54 286 000	46 490 000	36 581 000	7 990 000
Total Equity	18 140 000	14 952 000	8 171 000	1 723 000
Short-Term Group Debt	0	0	0	440 000
Total Long-Term Debt	6 848 000	7 525 000	5 615 000	5 667 000
Creditors	21 050 000	15 048 000	13 602 000	3 000
Unpaid Taxes	1 288 000	801 000	790 000	0
Dividends	1 240 000	0	0	83 000
Other Current Debt	1 251 000	1 239 000	3 532 000	0
Total Current Debt	29 299 000	24 013 000	22 795 000	601 000
Total Equity and Debt	54 286 000	46 490 000	36 581 000	7 990 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,87 %	45,35 %	56,54 %	23,85 %
Debt-to-Equity Ratio	0,38	0,5	0,69	3,29
Operating Profit Margin	6,31 %	9,21 %	6,61 %	48,16 %
Current Ratio	1,62	1,64	1,4	1,34
Quick Ratio	−4,02	−4,42	−6,86	1,34
Equity Ratio	0,33	0,32	0,22	0,22
Gross Profit Margin	28,57 %	29,18 %	25,58 %	100 %