THE SWITCH MARINE DRIVES NORWAY AS

5410 SAGVÅG

Finances

Return on Equity

−322,47 %

Current Ratio

2,4

Debt-to-Equity Ratio

4,18

Key figures (NOK)	2023	2022	2021	2020
Revenue	46 858 000	72 179 000	79 646 000	85 817 000
Net Income	−22 186 000	−27 389 000	−27 359 000	−44 119 000
Total Assets	54 917 000	43 562 000	84 524 000	73 013 000
Total Equity	6 880 000	−934 000	6 655 000	−7 986 000

Income (NOK)	2023	2022	2021	2020
Revenue	46 858 000	72 179 000	79 646 000	85 817 000
Expenditure	81 264 000	84 764 000	118 320 000	117 257 000
Operating Profit	−21 039 000	−26 343 000	−27 487 000	−26 609 000
Financial Income	0	−533 000	524 000	121 000
Financial Costs	1 147 000	513 000	395 000	3 909 000
Financial Balance	−1 147 000	−1 046 000	129 000	−3 788 000
Earnings Before Tax	−22 186 000	−27 389 000	−27 359 000	−30 397 000
Tax	0	0	0	13 722 000
Net Income	−22 186 000	−27 389 000	−27 359 000	−44 119 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	8 677 000	9 187 000	17 729 000	27 292 000
Total Current Assets	46 239 000	34 375 000	66 795 000	45 722 000
Total Assets	54 917 000	43 562 000	84 524 000	73 013 000
Total Retained Equity	−39 020 000	−27 389 000	−117 845 000	−90 486 000
Total Equity	6 880 000	−934 000	6 655 000	−7 986 000
Total Long-Term Debt	28 755 000	28 031 000	52 600 000	61 488 000
Total Current Debt	19 281 000	16 465 000	25 269 000	19 511 000
Total Equity and Debt	54 917 000	43 562 000	84 524 000	73 013 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	45 900 000	70 373 000	72 501 000	82 459 000
Other Income	958 000	1 806 000	7 145 000	3 358 000
Revenue	46 858 000	72 179 000	79 646 000	85 817 000
Cost of Goods Sold	42 820 000	35 180 000	61 661 000	65 119 000
Salary Costs	23 608 000	24 450 000	20 210 000	21 216 000
Depreciation	2 446 000	8 808 000	11 780 000	11 440 000
Impairment	0	0	0	0
Expenditure	81 264 000	84 764 000	118 320 000	117 257 000
Operating Profit	−21 039 000	−26 343 000	−27 487 000	−26 609 000
Financial Income	0	−533 000	524 000	121 000
Financial Costs	1 147 000	513 000	395 000	3 909 000
Financial Balance	−1 147 000	−1 046 000	129 000	−3 788 000
Dividends	0	0	0	0
Net Income	−22 186 000	−27 389 000	−27 359 000	−44 119 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	0	0	2 893 000	7 232 000
Total Intangible Assets	4 325 000	5 505 000	9 577 000	15 096 000
Real Eastate	13 000	3 433 000	21 000	11 946 000
Machinery and Plant Facilities	4 089 000	0	7 881 000	0
Fixtures	0	0	0	0
Total Tangible Assets	4 102 000	3 433 000	7 902 000	11 946 000
Total Fiancial Fixed Assets	250 000	250 000	250 000	250 000
Total Fixed Assets	8 677 000	9 187 000	17 729 000	27 292 000
Stock	34 542 000	21 956 000	37 699 000	33 649 000
Total Investments	0	14 000	0	0
Cash, Bank	5 778 000	2 805 000	2 915 000	4 571 000
Total Current Assets	46 239 000	34 375 000	66 795 000	45 722 000
Total Assets	54 917 000	43 562 000	84 524 000	73 013 000
Total Equity	6 880 000	−934 000	6 655 000	−7 986 000
Short-Term Group Debt	472 000	0	1 924 000	0
Total Long-Term Debt	28 755 000	28 031 000	52 600 000	61 488 000
Creditors	0	7 250 000	2 961 000	13 290 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	18 809 000	9 214 000	20 384 000	6 221 000
Total Current Debt	19 281 000	16 465 000	25 269 000	19 511 000
Total Equity and Debt	54 917 000	43 562 000	84 524 000	73 013 000

Financial indicators	2023	2022	2021	2020
Return on Equity	−322,47 %	2 932,44 %	−411,1 %	552,45 %
Debt-to-Equity Ratio	4,18	−30,01	7,9	−7,7
Operating Profit Margin	−44,9 %	−36,5 %	−34,51 %	−31,01 %
Current Ratio	2,4	2,09	2,64	2,34
Quick Ratio	−3,03	−6,26	−5,37	−3,23
Equity Ratio	0,13	−0,02	0,08	−0,11
Gross Profit Margin	8,62 %	51,26 %	22,58 %	24,12 %