MARINE SAFETY AS

3128 NØTTERØY

Finances

Share Ownership

Return on Equity

111,37 %

Current Ratio

1,46

Debt-to-Equity Ratio

−1,75

Key figures (NOK)	2021	2020	2019
Revenue	0	560 000	364 000
Net Income	−1 038 000	94 000	−7 000
Total Assets	1 625 000	4 231 000	4 453 000
Total Equity	−932 000	106 000	12 000

Income (NOK)	2021	2020	2019
Revenue	0	560 000	364 000
Expenditure	1 239 000	280 000	223 000
Operating Profit	−1 238 000	281 000	141 000
Financial Income	0	0	0
Financial Costs	92 000	160 000	150 000
Financial Balance	−92 000	−160 000	−150 000
Earnings Before Tax	−1 331 000	121 000	−9 000
Tax	−293 000	27 000	−2 000
Net Income	−1 038 000	94 000	−7 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	268 000	4 152 000	4 393 000
Total Current Assets	1 357 000	78 000	60 000
Total Assets	1 625 000	4 231 000	4 453 000
Total Retained Equity	−951 000	87 000	−7 000
Total Equity	−932 000	106 000	12 000
Total Long-Term Debt	1 630 000	3 889 000	4 131 000
Total Current Debt	927 000	235 000	310 000
Total Equity and Debt	1 625 000	4 231 000	4 453 000

Cash flow (NOK)	2021	2020	2019
Sales Income	0	0	0
Other Income	0	560 000	364 000
Revenue	0	560 000	364 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	209 000	239 000	171 000
Impairment	0	0	0
Expenditure	1 239 000	280 000	223 000
Operating Profit	−1 238 000	281 000	141 000
Financial Income	0	0	0
Financial Costs	92 000	160 000	150 000
Financial Balance	−92 000	−160 000	−150 000
Dividends	0	0	0
Net Income	−1 038 000	94 000	−7 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	268 000	0	2 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	24 000	36 000
Total Tangible Assets	0	4 152 000	4 391 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	268 000	4 152 000	4 393 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	733 000	4 000	7 000
Total Current Assets	1 357 000	78 000	60 000
Total Assets	1 625 000	4 231 000	4 453 000
Total Equity	−932 000	106 000	12 000
Short-Term Group Debt	0	41 000	38 000
Total Long-Term Debt	1 630 000	3 889 000	4 131 000
Creditors	59 000	28 000	126 000
Unpaid Taxes	735 000	10 000	0
Dividends	0	0	0
Other Current Debt	132 000	156 000	147 000
Total Current Debt	927 000	235 000	310 000
Total Equity and Debt	1 625 000	4 231 000	4 453 000

Financial indicators	2021	2020	2019
Return on Equity	111,37 %	88,68 %	−58,33 %
Debt-to-Equity Ratio	−1,75	36,69	344,25
Operating Profit Margin	-	50,18 %	38,74 %
Current Ratio	1,46	0,33	0,19
Quick Ratio	1,46	0,33	0,19
Equity Ratio	−0,57	0,03	0
Gross Profit Margin	-	100 %	100 %