MARINE TECH AS

2004 LILLESTRØM

Finances

Share Ownership

Return on Equity

4,95 %

Current Ratio

3,79

Debt-to-Equity Ratio

1,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 455 000	8 774 000	7 476 000	3 375 000
Net Income	217 000	779 000	968 000	−842 000
Total Assets	10 841 000	10 003 000	6 095 000	6 316 000
Total Equity	4 385 000	4 168 000	3 389 000	2 421 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 455 000	8 774 000	7 476 000	3 375 000
Expenditure	7 127 000	7 706 000	6 131 000	4 330 000
Operating Profit	328 000	1 068 000	1 345 000	−954 000
Financial Income	11 000	5 000	0	0
Financial Costs	61 000	74 000	103 000	126 000
Financial Balance	−50 000	−69 000	−103 000	−126 000
Earnings Before Tax	278 000	999 000	1 242 000	−1 080 000
Tax	61 000	220 000	273 000	−238 000
Net Income	217 000	779 000	968 000	−842 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 108 000	4 154 000	1 624 000	2 375 000
Total Current Assets	4 733 000	5 849 000	4 471 000	3 942 000
Total Assets	10 841 000	10 003 000	6 095 000	6 316 000
Total Retained Equity	4 285 000	4 068 000	3 289 000	2 321 000
Total Equity	4 385 000	4 168 000	3 389 000	2 421 000
Total Long-Term Debt	5 208 000	3 205 000	1 509 000	2 665 000
Total Current Debt	1 248 000	2 629 000	1 196 000	1 231 000
Total Equity and Debt	10 841 000	10 003 000	6 095 000	6 316 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 711 000	8 774 000	7 144 000	3 375 000
Other Income	743 000	0	332 000	0
Revenue	7 455 000	8 774 000	7 476 000	3 375 000
Cost of Goods Sold	1 478 000	2 678 000	1 880 000	890 000
Salary Costs	2 695 000	3 005 000	2 400 000	1 612 000
Depreciation	990 000	621 000	381 000	589 000
Impairment	0	0	0	0
Expenditure	7 127 000	7 706 000	6 131 000	4 330 000
Operating Profit	328 000	1 068 000	1 345 000	−954 000
Financial Income	11 000	5 000	0	0
Financial Costs	61 000	74 000	103 000	126 000
Financial Balance	−50 000	−69 000	−103 000	−126 000
Dividends	0	0	0	0
Net Income	217 000	779 000	968 000	−842 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	163 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	6 101 000	744 000	879 000	1 014 000
Fixtures	0	3 403 000	737 000	1 134 000
Total Tangible Assets	6 101 000	4 146 000	1 616 000	2 148 000
Total Fiancial Fixed Assets	8 000	8 000	8 000	63 000
Total Fixed Assets	6 108 000	4 154 000	1 624 000	2 375 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 815 000	5 197 000	2 810 000	1 409 000
Total Current Assets	4 733 000	5 849 000	4 471 000	3 942 000
Total Assets	10 841 000	10 003 000	6 095 000	6 316 000
Total Equity	4 385 000	4 168 000	3 389 000	2 421 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 208 000	3 205 000	1 509 000	2 665 000
Creditors	243 000	511 000	200 000	267 000
Unpaid Taxes	512 000	1 227 000	773 000	737 000
Dividends	0	0	0	0
Other Current Debt	493 000	739 000	223 000	227 000
Total Current Debt	1 248 000	2 629 000	1 196 000	1 231 000
Total Equity and Debt	10 841 000	10 003 000	6 095 000	6 316 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,95 %	18,69 %	28,56 %	−34,78 %
Debt-to-Equity Ratio	1,19	0,77	0,45	1,1
Operating Profit Margin	4,4 %	12,17 %	17,99 %	−28,27 %
Current Ratio	3,79	2,22	3,74	3,2
Quick Ratio	3,79	2,22	3,74	3,2
Equity Ratio	0,4	0,42	0,56	0,38
Gross Profit Margin	80,17 %	69,48 %	74,85 %	73,63 %