MARITIME ENERGY SERVICE AS

4033 STAVANGER

Finances

Return on Equity

60,16 %

Current Ratio

2,4

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	56 776 000	47 657 000	32 040 000	47 483 000
Net Income	8 169 000	6 720 000	3 487 000	3 490 000
Total Assets	23 123 000	21 762 000	13 502 000	11 795 000
Total Equity	13 579 000	11 961 000	6 741 000	4 254 000

Income (NOK)	2022	2021	2020	2019
Revenue	56 776 000	47 657 000	32 040 000	47 483 000
Expenditure	46 255 000	39 162 000	27 553 000	42 986 000
Operating Profit	10 522 000	8 494 000	4 487 000	4 497 000
Financial Income	83 000	121 000	28 000	11 000
Financial Costs	106 000	4 000	34 000	32 000
Financial Balance	−23 000	117 000	−6 000	−21 000
Earnings Before Tax	10 500 000	8 611 000	4 481 000	4 476 000
Tax	2 331 000	1 891 000	994 000	985 000
Net Income	8 169 000	6 720 000	3 487 000	3 490 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	198 000	260 000	29 000	70 000
Total Current Assets	22 925 000	21 502 000	13 473 000	11 725 000
Total Assets	23 123 000	21 762 000	13 502 000	11 795 000
Total Retained Equity	12 829 000	10 961 000	5 741 000	3 254 000
Total Equity	13 579 000	11 961 000	6 741 000	4 254 000
Total Long-Term Debt	2 000	4 000	0	0
Total Current Debt	9 541 000	9 797 000	6 760 000	7 541 000
Total Equity and Debt	23 123 000	21 762 000	13 502 000	11 795 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	56 776 000	47 657 000	32 040 000	47 483 000
Other Income	0	0	0	0
Revenue	56 776 000	47 657 000	32 040 000	47 483 000
Cost of Goods Sold	24 898 000	19 432 000	11 616 000	20 881 000
Salary Costs	17 166 000	16 158 000	13 021 000	18 991 000
Depreciation	62 000	20 000	47 000	47 000
Impairment	0	0	0	0
Expenditure	46 255 000	39 162 000	27 553 000	42 986 000
Operating Profit	10 522 000	8 494 000	4 487 000	4 497 000
Financial Income	83 000	121 000	28 000	11 000
Financial Costs	106 000	4 000	34 000	32 000
Financial Balance	−23 000	117 000	−6 000	−21 000
Dividends	4 000 000	1 500 000	0	0
Net Income	8 169 000	6 720 000	3 487 000	3 490 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	7 000	1 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	198 000	260 000	22 000	69 000
Total Tangible Assets	198 000	260 000	22 000	69 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	198 000	260 000	29 000	70 000
Stock	0	0	0	0
Total Investments	3 055 000	3 119 000	3 016 000	0
Cash, Bank	5 023 000	3 219 000	1 696 000	3 864 000
Total Current Assets	22 925 000	21 502 000	13 473 000	11 725 000
Total Assets	23 123 000	21 762 000	13 502 000	11 795 000
Total Equity	13 579 000	11 961 000	6 741 000	4 254 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	4 000	0	0
Creditors	2 107 000	2 835 000	2 248 000	2 323 000
Unpaid Taxes	2 301 000	2 283 000	1 174 000	2 006 000
Dividends	4 000 000	1 500 000	0	0
Other Current Debt	2 801 000	2 799 000	2 338 000	2 291 000
Total Current Debt	9 541 000	9 797 000	6 760 000	7 541 000
Total Equity and Debt	23 123 000	21 762 000	13 502 000	11 795 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,16 %	56,18 %	51,73 %	82,04 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	18,53 %	17,82 %	14 %	9,47 %
Current Ratio	2,4	2,19	1,99	1,55
Quick Ratio	2,4	2,19	1,99	1,55
Equity Ratio	0,59	0,55	0,5	0,36
Gross Profit Margin	56,15 %	59,23 %	63,75 %	56,02 %