MARINE TECHNOLOGY AS

4876 GRIMSTAD

Finances

Share Ownership

Return on Equity

1,92 %

Current Ratio

1,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 180 000	1 189 000	2 390 000	2 626 000
Net Income	3 000	−4 000	63 000	−9 000
Total Assets	336 000	246 000	603 000	592 000
Total Equity	156 000	152 000	156 000	92 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 180 000	1 189 000	2 390 000	2 626 000
Expenditure	1 170 000	1 165 000	2 309 000	2 613 000
Operating Profit	10 000	25 000	81 000	13 000
Financial Income	19 000	18 000	40 000	0
Financial Costs	25 000	47 000	57 000	22 000
Financial Balance	−6 000	−29 000	−17 000	−22 000
Earnings Before Tax	3 000	−4 000	63 000	−9 000
Tax	0	0	0	0
Net Income	3 000	−4 000	63 000	−9 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	24 000	24 000
Total Current Assets	336 000	246 000	579 000	568 000
Total Assets	336 000	246 000	603 000	592 000
Total Retained Equity	56 000	52 000	56 000	−8 000
Total Equity	156 000	152 000	156 000	92 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	180 000	94 000	447 000	500 000
Total Equity and Debt	336 000	246 000	603 000	592 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 180 000	1 189 000	2 390 000	2 618 000
Other Income	0	0	0	8 000
Revenue	1 180 000	1 189 000	2 390 000	2 626 000
Cost of Goods Sold	0	0	0	0
Salary Costs	977 000	980 000	1 983 000	2 034 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 170 000	1 165 000	2 309 000	2 613 000
Operating Profit	10 000	25 000	81 000	13 000
Financial Income	19 000	18 000	40 000	0
Financial Costs	25 000	47 000	57 000	22 000
Financial Balance	−6 000	−29 000	−17 000	−22 000
Dividends	0	0	0	0
Net Income	3 000	−4 000	63 000	−9 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	24 000	24 000
Total Fixed Assets	0	0	24 000	24 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	217 000	150 000	447 000	134 000
Total Current Assets	336 000	246 000	579 000	568 000
Total Assets	336 000	246 000	603 000	592 000
Total Equity	156 000	152 000	156 000	92 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	18 000	20 000	8 000	25 000
Unpaid Taxes	65 000	25 000	104 000	145 000
Dividends	0	0	0	0
Other Current Debt	98 000	49 000	336 000	329 000
Total Current Debt	180 000	94 000	447 000	500 000
Total Equity and Debt	336 000	246 000	603 000	592 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,92 %	−2,63 %	40,38 %	−9,78 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,85 %	2,1 %	3,39 %	0,5 %
Current Ratio	1,87	2,62	1,3	1,14
Quick Ratio	1,87	2,62	1,3	1,14
Equity Ratio	0,46	0,62	0,26	0,16
Gross Profit Margin	100 %	100 %	100 %	100 %