SIDDIS MARINE AS

4017 STAVANGER

Finances

Return on Equity

13,26 %

Current Ratio

2,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	26 794 000	33 802 000	33 903 000	25 055 000
Net Income	1 096 000	3 077 000	4 139 000	1 980 000
Total Assets	14 173 000	15 307 000	13 189 000	11 511 000
Total Equity	8 264 000	8 169 000	7 092 000	6 453 000

Income (NOK)	2022	2021	2020	2019
Revenue	26 794 000	33 802 000	33 903 000	25 055 000
Expenditure	25 316 000	29 764 000	28 373 000	22 618 000
Operating Profit	1 477 000	4 037 000	5 530 000	2 438 000
Financial Income	198 000	110 000	58 000	464 000
Financial Costs	275 000	200 000	286 000	408 000
Financial Balance	−77 000	−90 000	−228 000	56 000
Earnings Before Tax	1 400 000	3 947 000	5 302 000	2 493 000
Tax	305 000	870 000	1 163 000	513 000
Net Income	1 096 000	3 077 000	4 139 000	1 980 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	294 000	1 040 000	682 000	722 000
Total Current Assets	13 880 000	14 268 000	12 507 000	10 788 000
Total Assets	14 173 000	15 307 000	13 189 000	11 511 000
Total Retained Equity	7 764 000	7 669 000	6 592 000	5 953 000
Total Equity	8 264 000	8 169 000	7 092 000	6 453 000
Total Long-Term Debt	0	0	0	200 000
Total Current Debt	5 909 000	7 139 000	6 097 000	4 858 000
Total Equity and Debt	14 173 000	15 307 000	13 189 000	11 511 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 776 000	33 792 000	33 903 000	25 055 000
Other Income	18 000	10 000	0	0
Revenue	26 794 000	33 802 000	33 903 000	25 055 000
Cost of Goods Sold	14 550 000	18 330 000	17 951 000	13 581 000
Salary Costs	5 283 000	5 756 000	5 029 000	4 395 000
Depreciation	17 000	40 000	41 000	72 000
Impairment	0	0	0	0
Expenditure	25 316 000	29 764 000	28 373 000	22 618 000
Operating Profit	1 477 000	4 037 000	5 530 000	2 438 000
Financial Income	198 000	110 000	58 000	464 000
Financial Costs	275 000	200 000	286 000	408 000
Financial Balance	−77 000	−90 000	−228 000	56 000
Dividends	1 000 000	2 000 000	3 500 000	500 000
Net Income	1 096 000	3 077 000	4 139 000	1 980 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	24 000	33 000	34 000	34 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	56 000	73 000	48 000	88 000
Total Tangible Assets	56 000	73 000	48 000	88 000
Total Fiancial Fixed Assets	214 000	934 000	600 000	600 000
Total Fixed Assets	294 000	1 040 000	682 000	722 000
Stock	10 206 000	10 398 000	9 561 000	9 993 000
Total Investments	59 000	159 000	76 000	195 000
Cash, Bank	334 000	589 000	2 664 000	305 000
Total Current Assets	13 880 000	14 268 000	12 507 000	10 788 000
Total Assets	14 173 000	15 307 000	13 189 000	11 511 000
Total Equity	8 264 000	8 169 000	7 092 000	6 453 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	200 000
Creditors	817 000	1 842 000	1 326 000	1 233 000
Unpaid Taxes	304 000	376 000	302 000	196 000
Dividends	1 000 000	2 000 000	3 500 000	500 000
Other Current Debt	950 000	1 122 000	1 307 000	1 004 000
Total Current Debt	5 909 000	7 139 000	6 097 000	4 858 000
Total Equity and Debt	14 173 000	15 307 000	13 189 000	11 511 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,26 %	37,67 %	58,36 %	30,68 %
Debt-to-Equity Ratio	0	0	0	0,03
Operating Profit Margin	5,51 %	11,94 %	16,31 %	9,73 %
Current Ratio	2,35	2	2,05	2,22
Quick Ratio	−3,23	−4,38	−3,61	−2,1
Equity Ratio	0,58	0,53	0,54	0,56
Gross Profit Margin	45,7 %	45,77 %	47,05 %	45,8 %