MARTINSEN AS

4313 SANDNES

Finances

Share Ownership

Return on Equity

−5,06 %

Current Ratio

1,14

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	160 069 000	172 573 000	159 127 000	334 146 000
Net Income	−901 000	6 647 000	2 556 000	3 066 000
Total Assets	122 486 000	76 890 000	69 327 000	235 219 000
Total Equity	17 813 000	16 374 000	23 663 000	60 563 000

Income (NOK)	2022	2021	2020	2019
Revenue	160 069 000	172 573 000	159 127 000	334 146 000
Expenditure	162 847 000	162 749 000	156 957 000	329 023 000
Operating Profit	−2 777 000	9 824 000	2 169 000	5 123 000
Financial Income	6 061 000	1 753 000	3 631 000	7 752 000
Financial Costs	4 435 000	3 056 000	2 524 000	8 819 000
Financial Balance	1 626 000	−1 303 000	1 107 000	−1 067 000
Earnings Before Tax	−1 150 000	8 521 000	3 276 000	4 056 000
Tax	−250 000	1 874 000	721 000	990 000
Net Income	−901 000	6 647 000	2 556 000	3 066 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 601 000	4 047 000	5 241 000	7 755 000
Total Current Assets	118 886 000	72 843 000	64 085 000	227 465 000
Total Assets	122 486 000	76 890 000	69 327 000	235 219 000
Total Retained Equity	8 926 000	9 827 000	17 116 000	32 723 000
Total Equity	17 813 000	16 374 000	23 663 000	60 563 000
Total Long-Term Debt	98 000	123 000	147 000	172 000
Total Current Debt	104 575 000	60 393 000	45 517 000	174 484 000
Total Equity and Debt	122 486 000	76 890 000	69 327 000	235 219 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	159 196 000	171 460 000	145 892 000	324 710 000
Other Income	874 000	1 112 000	13 235 000	9 436 000
Revenue	160 069 000	172 573 000	159 127 000	334 146 000
Cost of Goods Sold	108 973 000	111 951 000	98 262 000	226 048 000
Salary Costs	6 369 000	6 299 000	19 353 000	34 277 000
Depreciation	1 153 000	1 044 000	1 130 000	1 443 000
Impairment	829 000	0	0	0
Expenditure	162 847 000	162 749 000	156 957 000	329 023 000
Operating Profit	−2 777 000	9 824 000	2 169 000	5 123 000
Financial Income	6 061 000	1 753 000	3 631 000	7 752 000
Financial Costs	4 435 000	3 056 000	2 524 000	8 819 000
Financial Balance	1 626 000	−1 303 000	1 107 000	−1 067 000
Dividends	0	13 000 000	8 000 000	0
Net Income	−901 000	6 647 000	2 556 000	3 066 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 603 000	3 115 000	3 519 000	5 121 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	998 000	932 000	1 722 000	2 634 000
Total Tangible Assets	998 000	932 000	1 722 000	2 634 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 601 000	4 047 000	5 241 000	7 755 000
Stock	86 841 000	54 960 000	41 682 000	137 799 000
Total Investments	0	334 000	0	285 000
Cash, Bank	303 000	503 000	1 023 000	1 862 000
Total Current Assets	118 886 000	72 843 000	64 085 000	227 465 000
Total Assets	122 486 000	76 890 000	69 327 000	235 219 000
Total Equity	17 813 000	16 374 000	23 663 000	60 563 000
Short-Term Group Debt	81 900 000	24 651 000	18 902 000	118 899 000
Total Long-Term Debt	98 000	123 000	147 000	172 000
Creditors	14 438 000	15 515 000	11 046 000	35 705 000
Unpaid Taxes	5 479 000	4 952 000	4 854 000	13 190 000
Dividends	0	13 000 000	8 000 000	0
Other Current Debt	1 943 000	816 000	2 149 000	5 369 000
Total Current Debt	104 575 000	60 393 000	45 517 000	174 484 000
Total Equity and Debt	122 486 000	76 890 000	69 327 000	235 219 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,06 %	40,59 %	10,8 %	5,06 %
Debt-to-Equity Ratio	0,01	0,01	0,01	0
Operating Profit Margin	−1,73 %	5,69 %	1,36 %	1,53 %
Current Ratio	1,14	1,21	1,41	1,3
Quick Ratio	6,7	13,41	16,71	6,2
Equity Ratio	0,15	0,21	0,34	0,26
Gross Profit Margin	31,92 %	35,13 %	38,25 %	32,35 %