NORWEST MARINE SERVICE AS

4262 AVALDSNES

Finances

Share Ownership

Return on Equity

116,25 %

Current Ratio

1,13

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	85 497 000	47 451 000	51 550 000	34 820 000
Net Income	11 424 000	3 198 000	3 765 000	2 091 000
Total Assets	38 857 000	19 429 000	16 838 000	11 224 000
Total Equity	9 827 000	8 338 000	5 291 000	3 875 000

Income (NOK)	2022	2021	2020	2019
Revenue	85 497 000	47 451 000	51 550 000	34 820 000
Expenditure	70 778 000	43 899 000	46 629 000	31 964 000
Operating Profit	14 719 000	3 552 000	4 922 000	2 856 000
Financial Income	666 000	870 000	720 000	65 000
Financial Costs	746 000	323 000	813 000	240 000
Financial Balance	−80 000	547 000	−93 000	−175 000
Earnings Before Tax	14 639 000	4 100 000	4 829 000	2 680 000
Tax	3 215 000	902 000	1 063 000	590 000
Net Income	11 424 000	3 198 000	3 765 000	2 091 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 428 000	3 979 000	4 652 000	2 854 000
Total Current Assets	32 429 000	15 450 000	12 186 000	8 370 000
Total Assets	38 857 000	19 429 000	16 838 000	11 224 000
Total Retained Equity	9 072 000	7 583 000	4 535 000	3 119 000
Total Equity	9 827 000	8 338 000	5 291 000	3 875 000
Total Long-Term Debt	380 000	395 000	425 000	449 000
Total Current Debt	28 650 000	10 695 000	11 122 000	6 901 000
Total Equity and Debt	38 857 000	19 429 000	16 838 000	11 224 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	85 497 000	47 324 000	51 550 000	34 820 000
Other Income	0	127 000	0	0
Revenue	85 497 000	47 451 000	51 550 000	34 820 000
Cost of Goods Sold	58 341 000	32 960 000	36 192 000	22 380 000
Salary Costs	6 516 000	6 206 000	6 142 000	5 219 000
Depreciation	291 000	225 000	201 000	287 000
Impairment	0	0	0	0
Expenditure	70 778 000	43 899 000	46 629 000	31 964 000
Operating Profit	14 719 000	3 552 000	4 922 000	2 856 000
Financial Income	666 000	870 000	720 000	65 000
Financial Costs	746 000	323 000	813 000	240 000
Financial Balance	−80 000	547 000	−93 000	−175 000
Dividends	9 000 000	0	2 200 000	0
Net Income	11 424 000	3 198 000	3 765 000	2 091 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	14 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	630 000	973 000	1 022 000	639 000
Fixtures	1 159 000	293 000	304 000	342 000
Total Tangible Assets	1 788 000	1 266 000	1 326 000	981 000
Total Fiancial Fixed Assets	4 640 000	2 713 000	3 326 000	1 859 000
Total Fixed Assets	6 428 000	3 979 000	4 652 000	2 854 000
Stock	2 810 000	2 960 000	2 009 000	1 618 000
Total Investments	0	0	0	0
Cash, Bank	8 636 000	832 000	256 000	1 709 000
Total Current Assets	32 429 000	15 450 000	12 186 000	8 370 000
Total Assets	38 857 000	19 429 000	16 838 000	11 224 000
Total Equity	9 827 000	8 338 000	5 291 000	3 875 000
Short-Term Group Debt	1 198 000	193 000	192 000	181 000
Total Long-Term Debt	380 000	395 000	425 000	449 000
Creditors	16 014 000	8 498 000	3 767 000	5 100 000
Unpaid Taxes	506 000	479 000	421 000	269 000
Dividends	9 000 000	0	2 200 000	0
Other Current Debt	1 004 000	675 000	2 058 000	790 000
Total Current Debt	28 650 000	10 695 000	11 122 000	6 901 000
Total Equity and Debt	38 857 000	19 429 000	16 838 000	11 224 000

Financial indicators	2022	2021	2020	2019
Return on Equity	116,25 %	38,35 %	71,16 %	53,96 %
Debt-to-Equity Ratio	0,04	0,05	0,08	0,12
Operating Profit Margin	17,22 %	7,49 %	9,55 %	8,2 %
Current Ratio	1,13	1,44	1,1	1,21
Quick Ratio	1,25	2	1,34	1,58
Equity Ratio	0,25	0,43	0,31	0,35
Gross Profit Margin	31,76 %	30,54 %	29,79 %	35,73 %