MARTECH MARINE AS

5430 BREMNES

Finances

Share Ownership

Return on Equity

99,53 %

Current Ratio

1,28

Debt-to-Equity Ratio

0,28

Key figures (NOK)	2022	2021	2020
Revenue	1 622 000	1 165 000	228 000
Net Income	212 000	243 000	63 000
Total Assets	416 000	486 000	213 000
Total Equity	213 000	30 000	87 000

Income (NOK)	2022	2021	2020
Revenue	1 622 000	1 165 000	228 000
Expenditure	1 341 000	853 000	150 000
Operating Profit	281 000	312 000	79 000
Financial Income	0	0	0
Financial Costs	9 000	0	1 000
Financial Balance	−9 000	0	−1 000
Earnings Before Tax	272 000	312 000	79 000
Tax	60 000	69 000	16 000
Net Income	212 000	243 000	63 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	231 000	135 000	86 000
Total Current Assets	184 000	351 000	128 000
Total Assets	416 000	486 000	213 000
Total Retained Equity	183 000	0	63 000
Total Equity	213 000	30 000	87 000
Total Long-Term Debt	59 000	6 000	5 000
Total Current Debt	144 000	451 000	121 000
Total Equity and Debt	416 000	486 000	213 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 592 000	1 165 000	228 000
Other Income	30 000	0	0
Revenue	1 622 000	1 165 000	228 000
Cost of Goods Sold	912 000	643 000	62 000
Salary Costs	0	0	5 000
Depreciation	69 000	25 000	5 000
Impairment	0	0	0
Expenditure	1 341 000	853 000	150 000
Operating Profit	281 000	312 000	79 000
Financial Income	0	0	0
Financial Costs	9 000	0	1 000
Financial Balance	−9 000	0	−1 000
Dividends	0	0	0
Net Income	212 000	243 000	63 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	231 000	135 000	86 000
Total Tangible Assets	231 000	135 000	86 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	231 000	135 000	86 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	151 000	330 000	104 000
Total Current Assets	184 000	351 000	128 000
Total Assets	416 000	486 000	213 000
Total Equity	213 000	30 000	87 000
Short-Term Group Debt	38 000	0	0
Total Long-Term Debt	59 000	6 000	5 000
Creditors	39 000	83 000	108 000
Unpaid Taxes	10 000	0	3 000
Dividends	0	0	0
Other Current Debt	2 000	0	0
Total Current Debt	144 000	451 000	121 000
Total Equity and Debt	416 000	486 000	213 000

Financial indicators	2022	2021	2020
Return on Equity	99,53 %	810 %	72,41 %
Debt-to-Equity Ratio	0,28	0,2	0,06
Operating Profit Margin	17,32 %	26,78 %	34,65 %
Current Ratio	1,28	0,78	1,06
Quick Ratio	1,28	0,78	1,06
Equity Ratio	0,51	0,06	0,41
Gross Profit Margin	43,77 %	44,81 %	72,81 %