MARIN ELEKTRO AS

4550 FARSUND

Finances

Share Ownership

Return on Equity

14,46 %

Current Ratio

2,42

Debt-to-Equity Ratio

1,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	34 119 000	23 174 000	16 637 000	13 661 000
Net Income	703 000	549 000	722 000	270 000
Total Assets	17 675 000	14 121 000	9 763 000	10 134 000
Total Equity	4 862 000	4 159 000	3 610 000	2 888 000

Income (NOK)	2022	2021	2020	2019
Revenue	34 119 000	23 174 000	16 637 000	13 661 000
Expenditure	32 856 000	22 347 000	15 553 000	13 064 000
Operating Profit	1 263 000	827 000	1 085 000	596 000
Financial Income	2 000	15 000	4 000	9 000
Financial Costs	364 000	138 000	163 000	259 000
Financial Balance	−362 000	−123 000	−159 000	−250 000
Earnings Before Tax	901 000	704 000	926 000	346 000
Tax	198 000	155 000	204 000	76 000
Net Income	703 000	549 000	722 000	270 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	502 000	493 000	207 000	1 140 000
Total Current Assets	17 172 000	13 627 000	9 556 000	8 995 000
Total Assets	17 675 000	14 121 000	9 763 000	10 134 000
Total Retained Equity	4 562 000	3 859 000	3 310 000	2 588 000
Total Equity	4 862 000	4 159 000	3 610 000	2 888 000
Total Long-Term Debt	5 719 000	3 420 000	3 673 000	2 887 000
Total Current Debt	7 093 000	6 542 000	2 480 000	4 359 000
Total Equity and Debt	17 675 000	14 121 000	9 763 000	10 134 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 119 000	22 992 000	16 523 000	13 661 000
Other Income	0	183 000	114 000	0
Revenue	34 119 000	23 174 000	16 637 000	13 661 000
Cost of Goods Sold	24 470 000	16 109 000	10 422 000	8 336 000
Salary Costs	3 878 000	3 502 000	2 793 000	3 249 000
Depreciation	192 000	100 000	18 000	10 000
Impairment	0	0	0	0
Expenditure	32 856 000	22 347 000	15 553 000	13 064 000
Operating Profit	1 263 000	827 000	1 085 000	596 000
Financial Income	2 000	15 000	4 000	9 000
Financial Costs	364 000	138 000	163 000	259 000
Financial Balance	−362 000	−123 000	−159 000	−250 000
Dividends	0	0	0	0
Net Income	703 000	549 000	722 000	270 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	66 000	52 000	31 000	36 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	40 000	1 084 000
Fixtures	437 000	441 000	136 000	20 000
Total Tangible Assets	437 000	441 000	176 000	1 104 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	502 000	493 000	207 000	1 140 000
Stock	14 346 000	11 210 000	5 958 000	6 789 000
Total Investments	10 000	10 000	10 000	10 000
Cash, Bank	184 000	45 000	1 430 000	137 000
Total Current Assets	17 172 000	13 627 000	9 556 000	8 995 000
Total Assets	17 675 000	14 121 000	9 763 000	10 134 000
Total Equity	4 862 000	4 159 000	3 610 000	2 888 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 719 000	3 420 000	3 673 000	2 887 000
Creditors	6 146 000	5 248 000	1 564 000	893 000
Unpaid Taxes	258 000	215 000	466 000	502 000
Dividends	0	0	0	0
Other Current Debt	341 000	300 000	251 000	377 000
Total Current Debt	7 093 000	6 542 000	2 480 000	4 359 000
Total Equity and Debt	17 675 000	14 121 000	9 763 000	10 134 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,46 %	13,2 %	20 %	9,35 %
Debt-to-Equity Ratio	1,18	0,82	1,02	1
Operating Profit Margin	3,7 %	3,57 %	6,52 %	4,36 %
Current Ratio	2,42	2,08	3,85	2,06
Quick Ratio	−2,37	−2,92	−2,75	−3,7
Equity Ratio	0,28	0,29	0,37	0,28
Gross Profit Margin	28,28 %	30,49 %	37,36 %	38,98 %