MARIN SERVICE AS

6700 MÅLØY

Finances

Share Ownership

Return on Equity

176,58 %

Current Ratio

1,2

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 699 000	24 000 000	21 422 000	20 145 000
Net Income	2 850 000	2 342 000	−54 000	919 000
Total Assets	9 126 000	9 040 000	4 999 000	5 977 000
Total Equity	1 614 000	1 764 000	1 422 000	1 476 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 699 000	24 000 000	21 422 000	20 145 000
Expenditure	21 062 000	21 018 000	21 512 000	18 980 000
Operating Profit	3 636 000	2 983 000	−91 000	1 164 000
Financial Income	19 000	19 000	21 000	15 000
Financial Costs	2 000	0	0	1 000
Financial Balance	17 000	19 000	21 000	14 000
Earnings Before Tax	3 654 000	3 002 000	−70 000	1 178 000
Tax	804 000	661 000	−16 000	259 000
Net Income	2 850 000	2 342 000	−54 000	919 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	125 000	156 000	96 000	120 000
Total Current Assets	9 002 000	8 884 000	4 903 000	5 857 000
Total Assets	9 126 000	9 040 000	4 999 000	5 977 000
Total Retained Equity	1 509 000	1 659 000	1 317 000	1 371 000
Total Equity	1 614 000	1 764 000	1 422 000	1 476 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	7 512 000	7 276 000	3 577 000	4 501 000
Total Equity and Debt	9 126 000	9 040 000	4 999 000	5 977 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 699 000	23 902 000	21 422 000	20 145 000
Other Income	0	99 000	0	0
Revenue	24 699 000	24 000 000	21 422 000	20 145 000
Cost of Goods Sold	0	0	0	0
Salary Costs	16 295 000	16 524 000	17 119 000	14 617 000
Depreciation	31 000	39 000	24 000	30 000
Impairment	0	0	0	0
Expenditure	21 062 000	21 018 000	21 512 000	18 980 000
Operating Profit	3 636 000	2 983 000	−91 000	1 164 000
Financial Income	19 000	19 000	21 000	15 000
Financial Costs	2 000	0	0	1 000
Financial Balance	17 000	19 000	21 000	14 000
Dividends	3 000 000	2 000 000	0	1 000 000
Net Income	2 850 000	2 342 000	−54 000	919 000

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	125 000	156 000	96 000	120 000
Total Tangible Assets	125 000	156 000	96 000	120 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	125 000	156 000	96 000	120 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 651 000	8 592 000	4 685 000	5 374 000
Total Current Assets	9 002 000	8 884 000	4 903 000	5 857 000
Total Assets	9 126 000	9 040 000	4 999 000	5 977 000
Total Equity	1 614 000	1 764 000	1 422 000	1 476 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	391 000	418 000	177 000	239 000
Unpaid Taxes	2 041 000	2 766 000	1 957 000	1 815 000
Dividends	3 000 000	2 000 000	0	1 000 000
Other Current Debt	1 276 000	1 431 000	1 443 000	1 187 000
Total Current Debt	7 512 000	7 276 000	3 577 000	4 501 000
Total Equity and Debt	9 126 000	9 040 000	4 999 000	5 977 000

Financial indicators	2022	2021	2020	2019
Return on Equity	176,58 %	132,77 %	−3,8 %	62,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,72 %	12,43 %	−0,42 %	5,78 %
Current Ratio	1,2	1,22	1,37	1,3
Quick Ratio	1,2	1,22	1,37	1,3
Equity Ratio	0,18	0,2	0,28	0,25
Gross Profit Margin	100 %	100 %	100 %	100 %