GEORG MARTINSEN HOLDING AS

3173 VEAR

Finances

Return on Equity

104,72 %

Current Ratio

2,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 932 000	921 000	658 000	1 563 000
Net Income	510 000	13 000	−5 000	18 000
Total Assets	910 000	142 000	307 000	289 000
Total Equity	487 000	−23 000	−36 000	−31 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 932 000	921 000	658 000	1 563 000
Expenditure	1 312 000	906 000	663 000	1 543 000
Operating Profit	619 000	15 000	−5 000	20 000
Financial Income	15 000	0	0	1 000
Financial Costs	1 000	2 000	0	3 000
Financial Balance	14 000	−2 000	0	−2 000
Earnings Before Tax	633 000	13 000	−5 000	18 000
Tax	123 000	0	0	0
Net Income	510 000	13 000	−5 000	18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 000	25 000	25 000	25 000
Total Current Assets	884 000	117 000	282 000	264 000
Total Assets	910 000	142 000	307 000	289 000
Total Retained Equity	457 000	−53 000	−66 000	−61 000
Total Equity	487 000	−23 000	−36 000	−31 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	423 000	165 000	343 000	320 000
Total Equity and Debt	910 000	142 000	307 000	289 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 932 000	840 000	658 000	1 555 000
Other Income	0	81 000	0	7 000
Revenue	1 932 000	921 000	658 000	1 563 000
Cost of Goods Sold	38 000	10 000	4 000	35 000
Salary Costs	758 000	408 000	455 000	932 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 312 000	906 000	663 000	1 543 000
Operating Profit	619 000	15 000	−5 000	20 000
Financial Income	15 000	0	0	1 000
Financial Costs	1 000	2 000	0	3 000
Financial Balance	14 000	−2 000	0	−2 000
Dividends	0	0	0	0
Net Income	510 000	13 000	−5 000	18 000

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	25 000	25 000	25 000	25 000
Total Fixed Assets	25 000	25 000	25 000	25 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	773 000	42 000	50 000	119 000
Total Current Assets	884 000	117 000	282 000	264 000
Total Assets	910 000	142 000	307 000	289 000
Total Equity	487 000	−23 000	−36 000	−31 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	67 000	58 000	141 000	51 000
Unpaid Taxes	148 000	41 000	40 000	121 000
Dividends	0	0	0	0
Other Current Debt	85 000	66 000	162 000	148 000
Total Current Debt	423 000	165 000	343 000	320 000
Total Equity and Debt	910 000	142 000	307 000	289 000

Financial indicators	2022	2021	2020	2019
Return on Equity	104,72 %	−56,52 %	13,89 %	−58,06 %
Debt-to-Equity Ratio	0	−0	−0	−0
Operating Profit Margin	32,04 %	1,63 %	−0,76 %	1,28 %
Current Ratio	2,09	0,71	0,82	0,83
Quick Ratio	2,09	0,71	0,82	0,83
Equity Ratio	0,54	−0,16	−0,12	−0,11
Gross Profit Margin	98,03 %	98,91 %	99,39 %	97,76 %