MARTEK ELEKTRO AS

5590 ETNE

Finances

Return on Equity

277,6 %

Current Ratio

1,18

Debt-to-Equity Ratio

−1,65

Key figures (NOK)	2020	2019	2018	2017
Revenue	3 075 000	5 814 000	4 075 000	4 607 000
Net Income	−1 413 000	−97 000	296 000	544 000
Total Assets	1 684 000	1 745 000	1 739 000	2 123 000
Total Equity	−509 000	904 000	1 001 000	704 000

Income (NOK)	2020	2019	2018	2017
Revenue	3 075 000	5 814 000	4 075 000	4 607 000
Expenditure	4 461 000	5 908 000	3 690 000	3 890 000
Operating Profit	−1 387 000	−95 000	385 000	717 000
Financial Income	0	0	0	0
Financial Costs	26 000	2 000	1 000	1 000
Financial Balance	−26 000	−2 000	−1 000	−1 000
Earnings Before Tax	−1 413 000	−97 000	384 000	716 000
Tax	0	0	88 000	172 000
Net Income	−1 413 000	−97 000	296 000	544 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	91 000	52 000	57 000	24 000
Total Current Assets	1 593 000	1 694 000	1 682 000	2 098 000
Total Assets	1 684 000	1 745 000	1 739 000	2 123 000
Total Retained Equity	−609 000	804 000	901 000	604 000
Total Equity	−509 000	904 000	1 001 000	704 000
Total Long-Term Debt	840 000	0	0	0
Total Current Debt	1 353 000	842 000	738 000	1 418 000
Total Equity and Debt	1 684 000	1 745 000	1 739 000	2 123 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	2 746 000	5 799 000	4 075 000	4 607 000
Other Income	330 000	15 000	0	0
Revenue	3 075 000	5 814 000	4 075 000	4 607 000
Cost of Goods Sold	2 078 000	3 383 000	2 316 000	2 633 000
Salary Costs	1 529 000	2 064 000	916 000	927 000
Depreciation	12 000	12 000	6 000	0
Impairment	0	0	0	0
Expenditure	4 461 000	5 908 000	3 690 000	3 890 000
Operating Profit	−1 387 000	−95 000	385 000	717 000
Financial Income	0	0	0	0
Financial Costs	26 000	2 000	1 000	1 000
Financial Balance	−26 000	−2 000	−1 000	−1 000
Dividends	0	0	0	0
Net Income	−1 413 000	−97 000	296 000	544 000

Balance details (NOK)	2020	2019	2018	2017
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	31 000	43 000	41 000	0
Total Tangible Assets	31 000	43 000	41 000	0
Total Fiancial Fixed Assets	60 000	8 000	16 000	24 000
Total Fixed Assets	91 000	52 000	57 000	24 000
Stock	310 000	310 000	278 000	70 000
Total Investments	0	0	0	0
Cash, Bank	111 000	375 000	66 000	223 000
Total Current Assets	1 593 000	1 694 000	1 682 000	2 098 000
Total Assets	1 684 000	1 745 000	1 739 000	2 123 000
Total Equity	−509 000	904 000	1 001 000	704 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	840 000	0	0	0
Creditors	931 000	403 000	513 000	713 000
Unpaid Taxes	188 000	192 000	43 000	363 000
Dividends	0	0	0	0
Other Current Debt	234 000	246 000	94 000	171 000
Total Current Debt	1 353 000	842 000	738 000	1 418 000
Total Equity and Debt	1 684 000	1 745 000	1 739 000	2 123 000

Financial indicators	2020	2019	2018	2017
Return on Equity	277,6 %	−10,73 %	29,57 %	77,27 %
Debt-to-Equity Ratio	−1,65	0	0	0
Operating Profit Margin	−45,11 %	−1,63 %	9,45 %	15,56 %
Current Ratio	1,18	2,01	2,28	1,48
Quick Ratio	1,53	3,18	3,66	1,56
Equity Ratio	−0,3	0,52	0,58	0,33
Gross Profit Margin	32,42 %	41,81 %	43,17 %	42,85 %