PASSER MARINE AS

3241 SANDEFJORD

Finances

Share Ownership

Return on Equity

−111,8 %

Current Ratio

0,54

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 260 000	27 980 000	36 698 000	12 080 000
Net Income	−13 863 000	−6 362 000	−1 755 000	−7 264 000
Total Assets	35 660 000	43 524 000	46 349 000	39 363 000
Total Equity	12 400 000	26 263 000	4 599 000	6 355 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 260 000	27 980 000	36 698 000	12 080 000
Expenditure	27 394 000	33 630 000	36 728 000	17 846 000
Operating Profit	−13 133 000	−5 650 000	−29 000	−5 766 000
Financial Income	919 000	346 000	1 027 000	228 000
Financial Costs	1 648 000	1 058 000	2 752 000	1 726 000
Financial Balance	−729 000	−712 000	−1 725 000	−1 498 000
Earnings Before Tax	−13 863 000	−6 362 000	−1 755 000	−7 264 000
Tax	0	0	0	0
Net Income	−13 863 000	−6 362 000	−1 755 000	−7 264 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 159 000	32 326 000	34 171 000	34 786 000
Total Current Assets	12 500 000	11 198 000	12 178 000	4 577 000
Total Assets	35 660 000	43 524 000	46 349 000	39 363 000
Total Retained Equity	−3 424 000	0	−3 481 000	−1 725 000
Total Equity	12 400 000	26 263 000	4 599 000	6 355 000
Total Long-Term Debt	0	2 426 000	30 465 000	24 742 000
Total Current Debt	23 260 000	14 836 000	11 285 000	8 266 000
Total Equity and Debt	35 660 000	43 524 000	46 349 000	39 363 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 260 000	27 980 000	36 698 000	12 080 000
Other Income	0	0	0	0
Revenue	14 260 000	27 980 000	36 698 000	12 080 000
Cost of Goods Sold	12 160 000	26 486 000	30 267 000	11 370 000
Salary Costs	4 527 000	3 791 000	3 495 000	3 203 000
Depreciation	1 659 000	1 659 000	1 659 000	415 000
Impairment	6 220 000	0	0	0
Expenditure	27 394 000	33 630 000	36 728 000	17 846 000
Operating Profit	−13 133 000	−5 650 000	−29 000	−5 766 000
Financial Income	919 000	346 000	1 027 000	228 000
Financial Costs	1 648 000	1 058 000	2 752 000	1 726 000
Financial Balance	−729 000	−712 000	−1 725 000	−1 498 000
Dividends	0	0	0	0
Net Income	−13 863 000	−6 362 000	−1 755 000	−7 264 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 035 000	12 183 000	14 028 000	14 643 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	21 125 000	20 143 000	20 143 000	20 143 000
Total Fixed Assets	23 159 000	32 326 000	34 171 000	34 786 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 254 000	81 000	608 000	90 000
Total Current Assets	12 500 000	11 198 000	12 178 000	4 577 000
Total Assets	35 660 000	43 524 000	46 349 000	39 363 000
Total Equity	12 400 000	26 263 000	4 599 000	6 355 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	2 426 000	30 465 000	24 742 000
Creditors	7 114 000	7 642 000	2 258 000	2 487 000
Unpaid Taxes	260 000	186 000	191 000	188 000
Dividends	0	0	0	0
Other Current Debt	15 886 000	7 007 000	3 478 000	5 591 000
Total Current Debt	23 260 000	14 836 000	11 285 000	8 266 000
Total Equity and Debt	35 660 000	43 524 000	46 349 000	39 363 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−111,8 %	−24,22 %	−38,16 %	−114,3 %
Debt-to-Equity Ratio	0	0,09	6,62	3,89
Operating Profit Margin	−92,1 %	−20,19 %	−0,08 %	−47,73 %
Current Ratio	0,54	0,75	1,08	0,55
Quick Ratio	0,54	0,75	1,08	0,55
Equity Ratio	0,35	0,6	0,1	0,16
Gross Profit Margin	14,73 %	5,34 %	17,52 %	5,88 %