MARTINSEN GROUP AS

1081 OSLO

Finances

Return on Equity

30,68 %

Current Ratio

1,1

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	400 836 000	325 774 000	163 341 000	161 097 000
Net Income	4 721 000	3 002 000	14 933 000	4 494 000
Total Assets	35 439 000	18 085 000	15 301 000	4 822 000
Total Equity	15 388 000	5 050 000	2 047 000	−12 552 000

Income (NOK)	2022	2021	2020	2019
Revenue	400 836 000	325 774 000	163 341 000	161 097 000
Expenditure	394 391 000	321 417 000	151 807 000	155 840 000
Operating Profit	6 445 000	4 357 000	11 534 000	5 257 000
Financial Income	0	1 000	34 000	47 000
Financial Costs	20 000	501 000	368 000	515 000
Financial Balance	−20 000	−500 000	−334 000	−468 000
Earnings Before Tax	6 425 000	3 857 000	11 200 000	4 790 000
Tax	1 704 000	855 000	−3 733 000	296 000
Net Income	4 721 000	3 002 000	14 933 000	4 494 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 081 000	5 838 000	4 845 000	1 115 000
Total Current Assets	19 358 000	12 247 000	10 456 000	3 707 000
Total Assets	35 439 000	18 085 000	15 301 000	4 822 000
Total Retained Equity	15 358 000	5 020 000	2 017 000	−12 582 000
Total Equity	15 388 000	5 050 000	2 047 000	−12 552 000
Total Long-Term Debt	2 373 000	3 000	458 000	4 935 000
Total Current Debt	17 678 000	13 032 000	12 796 000	12 439 000
Total Equity and Debt	35 439 000	18 085 000	15 301 000	4 822 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	400 685 000	325 218 000	160 463 000	161 050 000
Other Income	151 000	556 000	2 878 000	47 000
Revenue	400 836 000	325 774 000	163 341 000	161 097 000
Cost of Goods Sold	319 190 000	268 326 000	105 190 000	106 602 000
Salary Costs	36 248 000	28 421 000	24 877 000	26 884 000
Depreciation	3 143 000	397 000	270 000	386 000
Impairment	0	0	0	0
Expenditure	394 391 000	321 417 000	151 807 000	155 840 000
Operating Profit	6 445 000	4 357 000	11 534 000	5 257 000
Financial Income	0	1 000	34 000	47 000
Financial Costs	20 000	501 000	368 000	515 000
Financial Balance	−20 000	−500 000	−334 000	−468 000
Dividends	0	0	0	0
Net Income	4 721 000	3 002 000	14 933 000	4 494 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	7 656 000	0	0	0
Total Intangible Assets	8 834 000	2 883 000	3 734 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 532 000	2 090 000	341 000	395 000
Total Tangible Assets	6 532 000	2 090 000	341 000	395 000
Total Fiancial Fixed Assets	715 000	865 000	770 000	720 000
Total Fixed Assets	16 081 000	5 838 000	4 845 000	1 115 000
Stock	840 000	0	10 000	10 000
Total Investments	2 685 000	495 000	0	0
Cash, Bank	14 756 000	10 964 000	9 589 000	2 893 000
Total Current Assets	19 358 000	12 247 000	10 456 000	3 707 000
Total Assets	35 439 000	18 085 000	15 301 000	4 822 000
Total Equity	15 388 000	5 050 000	2 047 000	−12 552 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 373 000	3 000	458 000	4 935 000
Creditors	4 836 000	3 099 000	1 359 000	1 561 000
Unpaid Taxes	2 429 000	1 132 000	1 540 000	1 491 000
Dividends	0	0	0	0
Other Current Debt	10 413 000	8 800 000	9 897 000	9 024 000
Total Current Debt	17 678 000	13 032 000	12 796 000	12 439 000
Total Equity and Debt	35 439 000	18 085 000	15 301 000	4 822 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,68 %	59,45 %	729,51 %	−35,8 %
Debt-to-Equity Ratio	0,15	0	0,22	−0,39
Operating Profit Margin	1,61 %	1,34 %	7,06 %	3,26 %
Current Ratio	1,1	0,94	0,82	0,3
Quick Ratio	1,15	0,94	0,82	0,3
Equity Ratio	0,43	0,28	0,13	−2,6
Gross Profit Margin	20,37 %	17,63 %	35,6 %	33,83 %