MARTINSEN OG SØNN ELEKTRO AS

1607 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

19,44 %

Current Ratio

2,23

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 112 000	28 194 000	23 663 000	20 834 000
Net Income	1 381 000	2 796 000	1 525 000	1 446 000
Total Assets	13 050 000	13 546 000	10 083 000	9 128 000
Total Equity	7 105 000	6 924 000	6 073 000	5 799 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 112 000	28 194 000	23 663 000	20 834 000
Expenditure	25 315 000	24 619 000	21 674 000	18 973 000
Operating Profit	1 797 000	3 576 000	1 989 000	1 862 000
Financial Income	8 000	10 000	16 000	24 000
Financial Costs	29 000	20 000	13 000	14 000
Financial Balance	−21 000	−10 000	3 000	10 000
Earnings Before Tax	1 775 000	3 566 000	1 993 000	1 871 000
Tax	395 000	770 000	468 000	425 000
Net Income	1 381 000	2 796 000	1 525 000	1 446 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	344 000	364 000	92 000	203 000
Total Current Assets	12 706 000	13 182 000	9 991 000	8 924 000
Total Assets	13 050 000	13 546 000	10 083 000	9 128 000
Total Retained Equity	7 005 000	6 824 000	5 973 000	5 699 000
Total Equity	7 105 000	6 924 000	6 073 000	5 799 000
Total Long-Term Debt	250 000	323 000	100 000	177 000
Total Current Debt	5 694 000	6 298 000	3 910 000	3 152 000
Total Equity and Debt	13 050 000	13 546 000	10 083 000	9 128 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 112 000	28 131 000	23 655 000	20 820 000
Other Income	0	64 000	8 000	14 000
Revenue	27 112 000	28 194 000	23 663 000	20 834 000
Cost of Goods Sold	18 521 000	18 218 000	16 227 000	13 686 000
Salary Costs	4 394 000	4 162 000	3 577 000	3 329 000
Depreciation	109 000	96 000	72 000	138 000
Impairment	0	0	0	0
Expenditure	25 315 000	24 619 000	21 674 000	18 973 000
Operating Profit	1 797 000	3 576 000	1 989 000	1 862 000
Financial Income	8 000	10 000	16 000	24 000
Financial Costs	29 000	20 000	13 000	14 000
Financial Balance	−21 000	−10 000	3 000	10 000
Dividends	1 200 000	1 945 000	0	750 000
Net Income	1 381 000	2 796 000	1 525 000	1 446 000

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	344 000	364 000	92 000	164 000
Total Tangible Assets	344 000	364 000	92 000	164 000
Total Fiancial Fixed Assets	0	0	0	40 000
Total Fixed Assets	344 000	364 000	92 000	203 000
Stock	3 872 000	3 135 000	2 472 000	2 626 000
Total Investments	0	0	0	0
Cash, Bank	6 067 000	6 816 000	5 560 000	4 147 000
Total Current Assets	12 706 000	13 182 000	9 991 000	8 924 000
Total Assets	13 050 000	13 546 000	10 083 000	9 128 000
Total Equity	7 105 000	6 924 000	6 073 000	5 799 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	250 000	323 000	100 000	177 000
Creditors	2 305 000	1 761 000	1 262 000	1 180 000
Unpaid Taxes	744 000	824 000	529 000	342 000
Dividends	1 200 000	1 945 000	0	750 000
Other Current Debt	1 052 000	550 000	401 000	453 000
Total Current Debt	5 694 000	6 298 000	3 910 000	3 152 000
Total Equity and Debt	13 050 000	13 546 000	10 083 000	9 128 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,44 %	40,38 %	25,11 %	24,94 %
Debt-to-Equity Ratio	0,04	0,05	0,02	0,03
Operating Profit Margin	6,63 %	12,68 %	8,41 %	8,94 %
Current Ratio	2,23	2,09	2,56	2,83
Quick Ratio	6,97	4,17	6,95	16,97
Equity Ratio	0,54	0,51	0,6	0,64
Gross Profit Margin	31,69 %	35,38 %	31,42 %	34,31 %