MARITIME ENGINEERING AS

5914 ISDALSTØ

Finances

Return on Equity

−24,13 %

Current Ratio

1,64

Debt-to-Equity Ratio

0,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 126 000	11 571 000	12 740 000	15 116 000
Net Income	−270 000	−2 595 000	−109 000	865 000
Total Assets	4 891 000	5 057 000	6 064 000	6 551 000
Total Equity	1 119 000	1 389 000	3 984 000	4 092 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 126 000	11 571 000	12 740 000	15 116 000
Expenditure	12 972 000	13 527 000	13 104 000	13 346 000
Operating Profit	−212 000	−2 554 000	−125 000	1 126 000
Financial Income	6 000	3 000	2 000	1 000
Financial Costs	64 000	32 000	10 000	12 000
Financial Balance	−58 000	−29 000	−8 000	−11 000
Earnings Before Tax	−270 000	−2 582 000	−133 000	1 115 000
Tax	0	12 000	−25 000	250 000
Net Income	−270 000	−2 595 000	−109 000	865 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	115 000	128 000	182 000	227 000
Total Current Assets	4 776 000	4 929 000	5 882 000	6 324 000
Total Assets	4 891 000	5 057 000	6 064 000	6 551 000
Total Retained Equity	1 009 000	1 279 000	3 874 000	3 982 000
Total Equity	1 119 000	1 389 000	3 984 000	4 092 000
Total Long-Term Debt	865 000	526 000	0	0
Total Current Debt	2 907 000	3 142 000	2 080 000	2 459 000
Total Equity and Debt	4 891 000	5 057 000	6 064 000	6 551 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 078 000	11 539 000	12 683 000	15 036 000
Other Income	48 000	32 000	58 000	80 000
Revenue	13 126 000	11 571 000	12 740 000	15 116 000
Cost of Goods Sold	1 961 000	2 114 000	3 006 000	3 222 000
Salary Costs	7 442 000	7 792 000	7 660 000	7 422 000
Depreciation	55 000	76 000	123 000	116 000
Impairment	0	0	0	0
Expenditure	12 972 000	13 527 000	13 104 000	13 346 000
Operating Profit	−212 000	−2 554 000	−125 000	1 126 000
Financial Income	6 000	3 000	2 000	1 000
Financial Costs	64 000	32 000	10 000	12 000
Financial Balance	−58 000	−29 000	−8 000	−11 000
Dividends	0	0	0	0
Net Income	−270 000	−2 595 000	−109 000	865 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	12 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	89 000	102 000	143 000	198 000
Total Tangible Assets	89 000	102 000	143 000	198 000
Total Fiancial Fixed Assets	26 000	26 000	26 000	26 000
Total Fixed Assets	115 000	128 000	182 000	227 000
Stock	1 013 000	1 379 000	1 977 000	1 738 000
Total Investments	0	0	0	0
Cash, Bank	382 000	425 000	1 166 000	1 954 000
Total Current Assets	4 776 000	4 929 000	5 882 000	6 324 000
Total Assets	4 891 000	5 057 000	6 064 000	6 551 000
Total Equity	1 119 000	1 389 000	3 984 000	4 092 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	865 000	526 000	0	0
Creditors	1 005 000	1 113 000	511 000	265 000
Unpaid Taxes	1 144 000	1 241 000	766 000	1 164 000
Dividends	0	0	0	0
Other Current Debt	757 000	788 000	803 000	774 000
Total Current Debt	2 907 000	3 142 000	2 080 000	2 459 000
Total Equity and Debt	4 891 000	5 057 000	6 064 000	6 551 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−24,13 %	−186,83 %	−2,74 %	21,14 %
Debt-to-Equity Ratio	0,77	0,38	0	0
Operating Profit Margin	−1,62 %	−22,07 %	−0,98 %	7,45 %
Current Ratio	1,64	1,57	2,83	2,57
Quick Ratio	2,52	2,8	57,11	8,77
Equity Ratio	0,23	0,27	0,66	0,62
Gross Profit Margin	85,06 %	81,73 %	76,41 %	78,68 %