NORMARINE AS

6006 ÅLESUND

Finances

Share Ownership

Return on Equity

8,67 %

Current Ratio

1,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	484 864 000	426 190 000	361 334 000	401 106 000
Net Income	3 879 000	4 335 000	402 000	5 465 000
Total Assets	157 090 000	201 942 000	135 994 000	216 777 000
Total Equity	44 764 000	40 885 000	44 215 000	43 814 000

Income (NOK)	2022	2021	2020	2019
Revenue	484 864 000	426 190 000	361 334 000	401 106 000
Expenditure	475 123 000	417 470 000	355 268 000	389 117 000
Operating Profit	9 740 000	8 721 000	6 066 000	11 989 000
Financial Income	15 570 000	7 509 000	9 251 000	7 008 000
Financial Costs	20 289 000	10 648 000	14 769 000	11 949 000
Financial Balance	−4 719 000	−3 139 000	−5 518 000	−4 941 000
Earnings Before Tax	5 022 000	5 581 000	549 000	7 048 000
Tax	1 143 000	1 246 000	147 000	1 583 000
Net Income	3 879 000	4 335 000	402 000	5 465 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 298 000	5 302 000	10 305 000	10 309 000
Total Current Assets	151 792 000	196 640 000	125 688 000	206 468 000
Total Assets	157 090 000	201 942 000	135 994 000	216 777 000
Total Retained Equity	30 265 000	26 386 000	29 716 000	29 315 000
Total Equity	44 764 000	40 885 000	44 215 000	43 814 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	112 326 000	161 057 000	91 778 000	172 963 000
Total Equity and Debt	157 090 000	201 942 000	135 994 000	216 777 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	483 664 000	424 990 000	357 334 000	397 606 000
Other Income	1 200 000	1 200 000	4 000 000	3 500 000
Revenue	484 864 000	426 190 000	361 334 000	401 106 000
Cost of Goods Sold	437 139 000	377 362 000	327 718 000	360 939 000
Salary Costs	7 760 000	7 311 000	5 797 000	7 121 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	475 123 000	417 470 000	355 268 000	389 117 000
Operating Profit	9 740 000	8 721 000	6 066 000	11 989 000
Financial Income	15 570 000	7 509 000	9 251 000	7 008 000
Financial Costs	20 289 000	10 648 000	14 769 000	11 949 000
Financial Balance	−4 719 000	−3 139 000	−5 518 000	−4 941 000
Dividends	0	0	0	0
Net Income	3 879 000	4 335 000	402 000	5 465 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	71 000	75 000	78 000	82 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	27 000	27 000	27 000	27 000
Total Tangible Assets	27 000	27 000	27 000	27 000
Total Fiancial Fixed Assets	5 200 000	5 200 000	10 200 000	10 200 000
Total Fixed Assets	5 298 000	5 302 000	10 305 000	10 309 000
Stock	85 355 000	90 090 000	39 829 000	56 903 000
Total Investments	0	0	0	0
Cash, Bank	389 000	499 000	357 000	417 000
Total Current Assets	151 792 000	196 640 000	125 688 000	206 468 000
Total Assets	157 090 000	201 942 000	135 994 000	216 777 000
Total Equity	44 764 000	40 885 000	44 215 000	43 814 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	58 692 000	45 096 000	28 036 000	39 200 000
Unpaid Taxes	544 000	680 000	442 000	521 000
Dividends	0	0	0	0
Other Current Debt	644 000	13 877 000	500 000	1 564 000
Total Current Debt	112 326 000	161 057 000	91 778 000	172 963 000
Total Equity and Debt	157 090 000	201 942 000	135 994 000	216 777 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,67 %	10,6 %	0,91 %	12,47 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,01 %	2,05 %	1,68 %	2,99 %
Current Ratio	1,35	1,22	1,37	1,19
Quick Ratio	5,63	2,77	2,42	1,78
Equity Ratio	0,28	0,2	0,33	0,2
Gross Profit Margin	9,84 %	11,46 %	9,3 %	10,01 %