BORG MARITIME AS

9010 TROMSØ

Finances

Share Ownership

Return on Equity

56,15 %

Current Ratio

3,82

Debt-to-Equity Ratio

1,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 521 000	15 550 000	12 297 000	9 236 000
Net Income	5 720 000	−493 000	636 000	1 101 000
Total Assets	24 350 000	17 453 000	18 730 000	6 953 000
Total Equity	10 187 000	4 467 000	4 960 000	3 607 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 521 000	15 550 000	12 297 000	9 236 000
Expenditure	19 448 000	15 564 000	10 831 000	7 688 000
Operating Profit	8 073 000	−15 000	1 467 000	1 547 000
Financial Income	2 000	1 000	18 000	2 000
Financial Costs	741 000	618 000	667 000	138 000
Financial Balance	−739 000	−617 000	−649 000	−136 000
Earnings Before Tax	7 334 000	−631 000	817 000	1 411 000
Tax	1 613 000	−138 000	181 000	310 000
Net Income	5 720 000	−493 000	636 000	1 101 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 466 000	13 000 000	14 570 000	2 523 000
Total Current Assets	12 885 000	4 453 000	4 160 000	4 430 000
Total Assets	24 350 000	17 453 000	18 730 000	6 953 000
Total Retained Equity	7 960 000	2 240 000	2 733 000	2 097 000
Total Equity	10 187 000	4 467 000	4 960 000	3 607 000
Total Long-Term Debt	10 794 000	11 644 000	12 600 000	2 187 000
Total Current Debt	3 369 000	1 342 000	1 169 000	1 159 000
Total Equity and Debt	24 350 000	17 453 000	18 730 000	6 953 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 521 000	15 550 000	10 955 000	8 116 000
Other Income	0	0	1 341 000	1 120 000
Revenue	27 521 000	15 550 000	12 297 000	9 236 000
Cost of Goods Sold	3 727 000	1 337 000	570 000	1 558 000
Salary Costs	5 163 000	4 891 000	3 885 000	2 844 000
Depreciation	1 609 000	1 602 000	1 340 000	465 000
Impairment	0	0	0	0
Expenditure	19 448 000	15 564 000	10 831 000	7 688 000
Operating Profit	8 073 000	−15 000	1 467 000	1 547 000
Financial Income	2 000	1 000	18 000	2 000
Financial Costs	741 000	618 000	667 000	138 000
Financial Balance	−739 000	−617 000	−649 000	−136 000
Dividends	0	0	0	0
Net Income	5 720 000	−493 000	636 000	1 101 000

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	103 000	36 000	41 000	22 000
Total Tangible Assets	11 466 000	13 000 000	14 570 000	2 523 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	11 466 000	13 000 000	14 570 000	2 523 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 768 000	3 311 000	2 949 000	2 682 000
Total Current Assets	12 885 000	4 453 000	4 160 000	4 430 000
Total Assets	24 350 000	17 453 000	18 730 000	6 953 000
Total Equity	10 187 000	4 467 000	4 960 000	3 607 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 794 000	11 644 000	12 600 000	2 187 000
Creditors	1 175 000	485 000	369 000	681 000
Unpaid Taxes	424 000	620 000	614 000	369 000
Dividends	0	0	0	0
Other Current Debt	397 000	238 000	187 000	109 000
Total Current Debt	3 369 000	1 342 000	1 169 000	1 159 000
Total Equity and Debt	24 350 000	17 453 000	18 730 000	6 953 000

Financial indicators	2022	2021	2020	2019
Return on Equity	56,15 %	−11,04 %	12,82 %	30,52 %
Debt-to-Equity Ratio	1,06	2,61	2,54	0,61
Operating Profit Margin	29,33 %	−0,1 %	11,93 %	16,75 %
Current Ratio	3,82	3,32	3,56	3,82
Quick Ratio	3,82	3,32	3,56	3,82
Equity Ratio	0,42	0,26	0,26	0,52
Gross Profit Margin	86,46 %	91,4 %	95,36 %	83,13 %