ECOMARIN GROUP AS

8800 SANDNESSJØEN

Finances

Return on Equity

−3,06 %

Current Ratio

2,52

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 716 000	6 770 000	5 619 000	5 534 000
Net Income	−834 000	510 000	10 070 000	610 000
Total Assets	28 737 000	29 488 000	29 669 000	26 216 000
Total Equity	27 243 000	28 077 000	27 567 000	23 496 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 716 000	6 770 000	5 619 000	5 534 000
Expenditure	8 313 000	6 208 000	5 914 000	6 007 000
Operating Profit	−1 598 000	562 000	−295 000	−473 000
Financial Income	542 000	97 000	10 355 000	1 030 000
Financial Costs	89 000	0	60 000	52 000
Financial Balance	453 000	97 000	10 295 000	978 000
Earnings Before Tax	−1 145 000	658 000	9 999 000	504 000
Tax	−311 000	148 000	−71 000	−105 000
Net Income	−834 000	510 000	10 070 000	610 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	24 969 000	24 169 000	21 818 000	23 348 000
Total Current Assets	3 768 000	5 319 000	7 851 000	2 869 000
Total Assets	28 737 000	29 488 000	29 669 000	26 216 000
Total Retained Equity	26 838 000	27 672 000	27 162 000	23 091 000
Total Equity	27 243 000	28 077 000	27 567 000	23 496 000
Total Long-Term Debt	0	0	973 000	1 800 000
Total Current Debt	1 495 000	1 412 000	1 130 000	920 000
Total Equity and Debt	28 737 000	29 488 000	29 669 000	26 216 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 804 000	6 682 000	5 619 000	5 534 000
Other Income	−87 000	87 000	0	0
Revenue	6 716 000	6 770 000	5 619 000	5 534 000
Cost of Goods Sold	0	0	0	0
Salary Costs	6 390 000	4 760 000	4 632 000	4 472 000
Depreciation	20 000	5 000	14 000	6 000
Impairment	0	0	0	0
Expenditure	8 313 000	6 208 000	5 914 000	6 007 000
Operating Profit	−1 598 000	562 000	−295 000	−473 000
Financial Income	542 000	97 000	10 355 000	1 030 000
Financial Costs	89 000	0	60 000	52 000
Financial Balance	453 000	97 000	10 295 000	978 000
Dividends	0	0	6 000 000	0
Net Income	−834 000	510 000	10 070 000	610 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	832 000	521 000	669 000	598 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	35 000	55 000	0	14 000
Total Tangible Assets	35 000	55 000	0	14 000
Total Fiancial Fixed Assets	24 103 000	23 593 000	21 149 000	22 737 000
Total Fixed Assets	24 969 000	24 169 000	21 818 000	23 348 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	965 000	3 548 000	7 536 000	2 802 000
Total Current Assets	3 768 000	5 319 000	7 851 000	2 869 000
Total Assets	28 737 000	29 488 000	29 669 000	26 216 000
Total Equity	27 243 000	28 077 000	27 567 000	23 496 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	973 000	1 800 000
Creditors	241 000	240 000	63 000	77 000
Unpaid Taxes	650 000	731 000	583 000	400 000
Dividends	0	0	6 000 000	0
Other Current Debt	603 000	440 000	484 000	444 000
Total Current Debt	1 495 000	1 412 000	1 130 000	920 000
Total Equity and Debt	28 737 000	29 488 000	29 669 000	26 216 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,06 %	1,82 %	36,53 %	2,6 %
Debt-to-Equity Ratio	0	0	0,04	0,08
Operating Profit Margin	−23,79 %	8,3 %	−5,25 %	−8,55 %
Current Ratio	2,52	3,77	6,95	3,12
Quick Ratio	2,52	3,77	6,95	3,12
Equity Ratio	0,95	0,95	0,93	0,9
Gross Profit Margin	100 %	100 %	100 %	100 %