NORMARINE ENGINEERING AS

5385 BAKKASUND

Finances

Share Ownership

Return on Equity

87,69 %

Current Ratio

2,31

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	725 000	723 000	781 000	608 000
Net Income	114 000	57 000	−102 000	63 000
Total Assets	231 000	140 000	78 000	134 000
Total Equity	130 000	19 000	−39 000	63 000

Income (NOK)	2022	2021	2020	2019
Revenue	725 000	723 000	781 000	608 000
Expenditure	591 000	665 000	881 000	533 000
Operating Profit	133 000	57 000	−101 000	76 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	1 000
Financial Balance	0	0	−1 000	−1 000
Earnings Before Tax	133 000	57 000	−102 000	75 000
Tax	20 000	0	0	12 000
Net Income	114 000	57 000	−102 000	63 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	231 000	140 000	78 000	134 000
Total Assets	231 000	140 000	78 000	134 000
Total Retained Equity	98 000	−14 000	−71 000	31 000
Total Equity	130 000	19 000	−39 000	63 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	100 000	121 000	117 000	71 000
Total Equity and Debt	231 000	140 000	78 000	134 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	725 000	723 000	781 000	586 000
Other Income	0	0	0	22 000
Revenue	725 000	723 000	781 000	608 000
Cost of Goods Sold	0	0	0	0
Salary Costs	540 000	624 000	774 000	484 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	591 000	665 000	881 000	533 000
Operating Profit	133 000	57 000	−101 000	76 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	1 000
Financial Balance	0	0	−1 000	−1 000
Dividends	0	0	0	0
Net Income	114 000	57 000	−102 000	63 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	167 000	93 000	77 000	134 000
Total Current Assets	231 000	140 000	78 000	134 000
Total Assets	231 000	140 000	78 000	134 000
Total Equity	130 000	19 000	−39 000	63 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	16 000	13 000	1 000	−5 000
Unpaid Taxes	17 000	60 000	55 000	59 000
Dividends	0	0	0	0
Other Current Debt	49 000	48 000	61 000	6 000
Total Current Debt	100 000	121 000	117 000	71 000
Total Equity and Debt	231 000	140 000	78 000	134 000

Financial indicators	2022	2021	2020	2019
Return on Equity	87,69 %	300 %	261,54 %	100 %
Debt-to-Equity Ratio	0	0	−0	0
Operating Profit Margin	18,34 %	7,88 %	−12,93 %	12,5 %
Current Ratio	2,31	1,16	0,67	1,89
Quick Ratio	2,31	1,16	0,67	1,89
Equity Ratio	0,56	0,14	−0,5	0,47
Gross Profit Margin	100 %	100 %	100 %	100 %