NORTECH MARINE AS

3113 TØNSBERG

Finances

Share Ownership

Return on Equity

23,1 %

Current Ratio

1,92

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 530 000	1 703 000	0	0
Net Income	276 000	950 000	−71 000	−4 000
Total Assets	1 856 000	1 765 000	557 000	628 000
Total Equity	1 195 000	1 419 000	469 000	540 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 530 000	1 703 000	0	0
Expenditure	1 159 000	625 000	71 000	16 000
Operating Profit	371 000	1 077 000	−71 000	−16 000
Financial Income	1 000	0	0	13 000
Financial Costs	12 000	0	0	0
Financial Balance	−11 000	0	0	13 000
Earnings Before Tax	360 000	1 078 000	−71 000	−4 000
Tax	85 000	127 000	0	0
Net Income	276 000	950 000	−71 000	−4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	589 000	346 000	532 000	532 000
Total Current Assets	1 267 000	1 419 000	25 000	95 000
Total Assets	1 856 000	1 765 000	557 000	628 000
Total Retained Equity	1 095 000	1 319 000	369 000	440 000
Total Equity	1 195 000	1 419 000	469 000	540 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	661 000	345 000	88 000	88 000
Total Equity and Debt	1 856 000	1 765 000	557 000	628 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 530 000	1 703 000	0	0
Other Income	0	0	0	0
Revenue	1 530 000	1 703 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	981 000	516 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 159 000	625 000	71 000	16 000
Operating Profit	371 000	1 077 000	−71 000	−16 000
Financial Income	1 000	0	0	13 000
Financial Costs	12 000	0	0	0
Financial Balance	−11 000	0	0	13 000
Dividends	500 000	0	0	0
Net Income	276 000	950 000	−71 000	−4 000

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	589 000	346 000	532 000	532 000
Total Fixed Assets	589 000	346 000	532 000	532 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 265 000	1 238 000	25 000	76 000
Total Current Assets	1 267 000	1 419 000	25 000	95 000
Total Assets	1 856 000	1 765 000	557 000	628 000
Total Equity	1 195 000	1 419 000	469 000	540 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	10 000	0	0	0
Unpaid Taxes	51 000	166 000	11 000	11 000
Dividends	500 000	0	0	0
Other Current Debt	15 000	51 000	77 000	77 000
Total Current Debt	661 000	345 000	88 000	88 000
Total Equity and Debt	1 856 000	1 765 000	557 000	628 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,1 %	66,95 %	−15,14 %	−0,74 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	24,25 %	63,24 %	-	-
Current Ratio	1,92	4,11	0,28	1,08
Quick Ratio	1,92	4,11	0,28	1,08
Equity Ratio	0,64	0,8	0,84	0,86
Gross Profit Margin	100 %	100 %	-	-