NORSE MARIN AS

9107 KVALØYA

Finances

Return on Equity

4,31 %

Current Ratio

1,06

Debt-to-Equity Ratio

1,51

Key figures (NOK)	2021	2020	2019	2018
Revenue	3 773 000	21 997 000	18 196 000	14 672 000
Net Income	98 000	−773 000	2 485 000	1 528 000
Total Assets	13 966 000	12 467 000	13 125 000	7 625 000
Total Equity	2 272 000	2 274 000	3 046 000	2 161 000

Income (NOK)	2021	2020	2019	2018
Revenue	3 773 000	21 997 000	18 196 000	14 672 000
Expenditure	3 399 000	21 786 000	17 392 000	15 950 000
Operating Profit	374 000	211 000	804 000	−1 330 000
Financial Income	177 000	20 000	14 000	1 000
Financial Costs	383 000	1 111 000	348 000	124 000
Financial Balance	−206 000	−1 091 000	−334 000	−123 000
Earnings Before Tax	168 000	−881 000	470 000	−1 453 000
Tax	70 000	−108 000	0	19 000
Net Income	98 000	−773 000	2 485 000	1 528 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	5 190 000	9 760 000	8 830 000	6 220 000
Total Current Assets	8 776 000	2 707 000	4 295 000	1 405 000
Total Assets	13 966 000	12 467 000	13 125 000	7 625 000
Total Retained Equity	2 242 000	2 244 000	3 016 000	2 131 000
Total Equity	2 272 000	2 274 000	3 046 000	2 161 000
Total Long-Term Debt	3 430 000	3 060 000	2 573 000	19 000
Total Current Debt	8 264 000	7 133 000	7 506 000	5 445 000
Total Equity and Debt	13 966 000	12 467 000	13 125 000	7 625 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	1 738 000	19 796 000	18 196 000	14 672 000
Other Income	2 036 000	2 201 000	0	0
Revenue	3 773 000	21 997 000	18 196 000	14 672 000
Cost of Goods Sold	−2 881 000	1 772 000	−214 000	992 000
Salary Costs	1 155 000	4 569 000	3 853 000	2 993 000
Depreciation	1 014 000	1 078 000	1 146 000	862 000
Impairment	0	0	0	0
Expenditure	3 399 000	21 786 000	17 392 000	15 950 000
Operating Profit	374 000	211 000	804 000	−1 330 000
Financial Income	177 000	20 000	14 000	1 000
Financial Costs	383 000	1 111 000	348 000	124 000
Financial Balance	−206 000	−1 091 000	−334 000	−123 000
Dividends	100 000	0	600 000	0
Net Income	98 000	−773 000	2 485 000	1 528 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	713 000	1 016 000	1 272 000	987 000
Fixtures	167 000	193 000	239 000	343 000
Total Tangible Assets	3 281 000	6 781 000	8 830 000	6 220 000
Total Fiancial Fixed Assets	1 909 000	2 979 000	0	0
Total Fixed Assets	5 190 000	9 760 000	8 830 000	6 220 000
Stock	3 280 000	388 000	515 000	259 000
Total Investments	0	0	0	0
Cash, Bank	5 000	484 000	442 000	645 000
Total Current Assets	8 776 000	2 707 000	4 295 000	1 405 000
Total Assets	13 966 000	12 467 000	13 125 000	7 625 000
Total Equity	2 272 000	2 274 000	3 046 000	2 161 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 430 000	3 060 000	2 573 000	19 000
Creditors	4 367 000	5 092 000	5 572 000	3 011 000
Unpaid Taxes	58 000	1 149 000	1 103 000	618 000
Dividends	100 000	0	600 000	0
Other Current Debt	3 739 000	892 000	830 000	2 219 000
Total Current Debt	8 264 000	7 133 000	7 506 000	5 445 000
Total Equity and Debt	13 966 000	12 467 000	13 125 000	7 625 000

Financial indicators	2021	2020	2019	2018
Return on Equity	4,31 %	−33,99 %	81,58 %	70,71 %
Debt-to-Equity Ratio	1,51	1,35	0,84	0,01
Operating Profit Margin	9,91 %	0,96 %	4,42 %	−9,06 %
Current Ratio	1,06	0,38	0,57	0,26
Quick Ratio	1,76	0,4	0,61	0,27
Equity Ratio	0,16	0,18	0,23	0,28
Gross Profit Margin	176,36 %	91,94 %	101,18 %	93,24 %