MARINE TECHNOLOGIES LLC

4373 EGERSUND

Finances

Share Ownership

Return on Equity

−19,57 %

Current Ratio

1,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	68 357 000	42 848 000	69 230 000	56 314 000
Net Income	−4 578 000	−4 410 000	975 000	−5 340 000
Total Assets	66 930 000	54 222 000	40 281 000	48 424 000
Total Equity	23 388 000	27 966 000	26 230 000	28 911 000

Income (NOK)	2022	2021	2020	2019
Revenue	68 357 000	42 848 000	69 230 000	56 314 000
Expenditure	74 798 000	47 402 000	67 382 000	61 674 000
Operating Profit	−6 441 000	−4 554 000	1 848 000	−5 360 000
Financial Income	3 910 000	1 022 000	1 872 000	840 000
Financial Costs	2 047 000	878 000	2 745 000	819 000
Financial Balance	1 863 000	144 000	−873 000	21 000
Earnings Before Tax	−4 578 000	−4 410 000	975 000	−5 340 000
Tax	0	0	0	0
Net Income	−4 578 000	−4 410 000	975 000	−5 340 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 189 000	5 961 000	5 811 000	6 148 000
Total Current Assets	57 741 000	48 261 000	34 470 000	42 276 000
Total Assets	66 930 000	54 222 000	40 281 000	48 424 000
Total Retained Equity	23 388 000	27 966 000	26 230 000	28 911 000
Total Equity	23 388 000	27 966 000	26 230 000	28 911 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	43 542 000	26 256 000	14 052 000	19 513 000
Total Equity and Debt	66 930 000	54 222 000	40 281 000	48 424 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	68 357 000	42 845 000	69 230 000	56 314 000
Other Income	0	3 000	0	0
Revenue	68 357 000	42 848 000	69 230 000	56 314 000
Cost of Goods Sold	35 763 000	19 726 000	45 076 000	34 964 000
Salary Costs	25 295 000	20 602 000	17 078 000	18 069 000
Depreciation	620 000	236 000	219 000	267 000
Impairment	0	0	0	0
Expenditure	74 798 000	47 402 000	67 382 000	61 674 000
Operating Profit	−6 441 000	−4 554 000	1 848 000	−5 360 000
Financial Income	3 910 000	1 022 000	1 872 000	840 000
Financial Costs	2 047 000	878 000	2 745 000	819 000
Financial Balance	1 863 000	144 000	−873 000	21 000
Dividends	0	0	0	0
Net Income	−4 578 000	−4 410 000	975 000	−5 340 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 330 000	5 485 000	5 593 000	5 757 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 839 000	416 000	158 000	121 000
Total Tangible Assets	9 169 000	5 901 000	5 751 000	5 878 000
Total Fiancial Fixed Assets	20 000	60 000	60 000	270 000
Total Fixed Assets	9 189 000	5 961 000	5 811 000	6 148 000
Stock	23 011 000	18 600 000	15 799 000	17 672 000
Total Investments	0	0	0	0
Cash, Bank	2 080 000	2 899 000	6 270 000	6 680 000
Total Current Assets	57 741 000	48 261 000	34 470 000	42 276 000
Total Assets	66 930 000	54 222 000	40 281 000	48 424 000
Total Equity	23 388 000	27 966 000	26 230 000	28 911 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	19 951 000	9 151 000	5 781 000	5 033 000
Unpaid Taxes	2 152 000	2 256 000	1 441 000	1 545 000
Dividends	0	0	0	0
Other Current Debt	21 439 000	14 849 000	6 830 000	12 936 000
Total Current Debt	43 542 000	26 256 000	14 052 000	19 513 000
Total Equity and Debt	66 930 000	54 222 000	40 281 000	48 424 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−19,57 %	−15,77 %	3,72 %	−18,47 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−9,42 %	−10,63 %	2,67 %	−9,52 %
Current Ratio	1,33	1,84	2,45	2,17
Quick Ratio	2,81	6,3	−19,73	22,96
Equity Ratio	0,35	0,52	0,65	0,6
Gross Profit Margin	47,68 %	53,96 %	34,89 %	37,91 %