HARRY MARTINSEN AS

0363 OSLO

Finances

Return on Equity

21,43 %

Current Ratio

1,89

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 617 000	21 289 000	17 369 000	19 855 000
Net Income	831 000	1 029 000	250 000	277 000
Total Assets	8 032 000	7 568 000	5 996 000	5 525 000
Total Equity	3 878 000	3 397 000	2 868 000	2 619 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 617 000	21 289 000	17 369 000	19 855 000
Expenditure	19 597 000	19 996 000	17 064 000	19 511 000
Operating Profit	1 019 000	1 293 000	306 000	343 000
Financial Income	49 000	33 000	36 000	43 000
Financial Costs	0	6 000	14 000	28 000
Financial Balance	49 000	27 000	22 000	15 000
Earnings Before Tax	1 067 000	1 320 000	327 000	358 000
Tax	236 000	292 000	77 000	81 000
Net Income	831 000	1 029 000	250 000	277 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	197 000	226 000	433 000	649 000
Total Current Assets	7 835 000	7 342 000	5 563 000	4 876 000
Total Assets	8 032 000	7 568 000	5 996 000	5 525 000
Total Retained Equity	3 378 000	2 897 000	2 368 000	2 119 000
Total Equity	3 878 000	3 397 000	2 868 000	2 619 000
Total Long-Term Debt	0	45 000	278 000	602 000
Total Current Debt	4 154 000	4 126 000	2 850 000	2 305 000
Total Equity and Debt	8 032 000	7 568 000	5 996 000	5 525 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 617 000	21 089 000	17 369 000	19 835 000
Other Income	0	200 000	0	20 000
Revenue	20 617 000	21 289 000	17 369 000	19 855 000
Cost of Goods Sold	8 184 000	10 025 000	7 705 000	10 239 000
Salary Costs	9 224 000	7 754 000	6 783 000	6 806 000
Depreciation	37 000	203 000	306 000	311 000
Impairment	0	0	0	0
Expenditure	19 597 000	19 996 000	17 064 000	19 511 000
Operating Profit	1 019 000	1 293 000	306 000	343 000
Financial Income	49 000	33 000	36 000	43 000
Financial Costs	0	6 000	14 000	28 000
Financial Balance	49 000	27 000	22 000	15 000
Dividends	350 000	500 000	0	0
Net Income	831 000	1 029 000	250 000	277 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	78 000	156 000	159 000	70 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	26 000	0	0
Fixtures	74 000	0	229 000	534 000
Total Tangible Assets	74 000	26 000	229 000	534 000
Total Fiancial Fixed Assets	45 000	45 000	45 000	45 000
Total Fixed Assets	197 000	226 000	433 000	649 000
Stock	1 299 000	1 705 000	1 052 000	1 112 000
Total Investments	0	0	0	0
Cash, Bank	3 224 000	4 762 000	3 324 000	1 748 000
Total Current Assets	7 835 000	7 342 000	5 563 000	4 876 000
Total Assets	8 032 000	7 568 000	5 996 000	5 525 000
Total Equity	3 878 000	3 397 000	2 868 000	2 619 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	45 000	278 000	602 000
Creditors	1 185 000	1 498 000	1 259 000	624 000
Unpaid Taxes	1 206 000	980 000	679 000	782 000
Dividends	350 000	500 000	0	0
Other Current Debt	1 254 000	860 000	745 000	783 000
Total Current Debt	4 154 000	4 126 000	2 850 000	2 305 000
Total Equity and Debt	8 032 000	7 568 000	5 996 000	5 525 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,43 %	30,29 %	8,72 %	10,58 %
Debt-to-Equity Ratio	0	0,01	0,1	0,23
Operating Profit Margin	4,94 %	6,07 %	1,76 %	1,73 %
Current Ratio	1,89	1,78	1,95	2,12
Quick Ratio	2,74	3,03	3,09	4,09
Equity Ratio	0,48	0,45	0,48	0,47
Gross Profit Margin	60,3 %	52,91 %	55,64 %	48,43 %