MARINE DEVELOPMENT AS

0353 OSLO

Finances

Share Ownership

Return on Equity

55,95 %

Current Ratio

26,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	472 000	0	0	0
Net Income	428 000	−40 000	−28 000	−61 000
Total Assets	791 000	337 000	377 000	401 000
Total Equity	765 000	337 000	377 000	401 000

Income (NOK)	2022	2021	2020	2019
Revenue	472 000	0	0	0
Expenditure	50 000	41 000	29 000	65 000
Operating Profit	423 000	−41 000	−29 000	−65 000
Financial Income	5 000	1 000	2 000	4 000
Financial Costs	0	0	0	0
Financial Balance	5 000	1 000	2 000	4 000
Earnings Before Tax	428 000	−40 000	−28 000	−61 000
Tax	0	0	0	0
Net Income	428 000	−40 000	−28 000	−61 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	99 000	115 000	134 000	155 000
Total Current Assets	692 000	222 000	243 000	246 000
Total Assets	791 000	337 000	377 000	401 000
Total Retained Equity	−75 000	−503 000	−463 000	−439 000
Total Equity	765 000	337 000	377 000	401 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	26 000	0	0	0
Total Equity and Debt	791 000	337 000	377 000	401 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	472 000	0	0	0
Other Income	0	0	0	0
Revenue	472 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	17 000	5 000	0	13 000
Depreciation	16 000	19 000	22 000	25 000
Impairment	0	0	0	0
Expenditure	50 000	41 000	29 000	65 000
Operating Profit	423 000	−41 000	−29 000	−65 000
Financial Income	5 000	1 000	2 000	4 000
Financial Costs	0	0	0	0
Financial Balance	5 000	1 000	2 000	4 000
Dividends	0	0	0	0
Net Income	428 000	−40 000	−28 000	−61 000

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	99 000	115 000	134 000	155 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	99 000	115 000	134 000	155 000
Stock	0	0	0	10 000
Total Investments	0	0	0	0
Cash, Bank	692 000	222 000	243 000	236 000
Total Current Assets	692 000	222 000	243 000	246 000
Total Assets	791 000	337 000	377 000	401 000
Total Equity	765 000	337 000	377 000	401 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	26 000	0	0	0
Total Current Debt	26 000	0	0	0
Total Equity and Debt	791 000	337 000	377 000	401 000

Financial indicators	2022	2021	2020	2019
Return on Equity	55,95 %	−11,87 %	−7,43 %	−15,21 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	89,62 %	-	-	-
Current Ratio	26,62	-	-	-
Quick Ratio	26,62	-	-	−24,6
Equity Ratio	0,97	1	1	1
Gross Profit Margin	100 %	-	-	-