NORSE MARINE SERVICES AS

4836 ARENDAL

Finances

Share Ownership

Return on Equity

−17,42 %

Current Ratio

4,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	483 000	1 120 000	783 000	303 000
Net Income	−146 000	335 000	18 000	56 000
Total Assets	937 000	1 283 000	851 000	1 017 000
Total Equity	838 000	984 000	749 000	731 000

Income (NOK)	2022	2021	2020	2019
Revenue	483 000	1 120 000	783 000	303 000
Expenditure	628 000	689 000	751 000	246 000
Operating Profit	−146 000	431 000	32 000	56 000
Financial Income	0	0	0	0
Financial Costs	0	0	13 000	0
Financial Balance	0	0	−13 000	0
Earnings Before Tax	−146 000	431 000	19 000	56 000
Tax	0	96 000	1 000	0
Net Income	−146 000	335 000	18 000	56 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	487 000	487 000	487 000	578 000
Total Current Assets	450 000	795 000	363 000	438 000
Total Assets	937 000	1 283 000	851 000	1 017 000
Total Retained Equity	348 000	494 000	259 000	241 000
Total Equity	838 000	984 000	749 000	731 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	99 000	299 000	102 000	286 000
Total Equity and Debt	937 000	1 283 000	851 000	1 017 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	483 000	1 120 000	783 000	303 000
Other Income	0	0	0	0
Revenue	483 000	1 120 000	783 000	303 000
Cost of Goods Sold	13 000	25 000	14 000	11 000
Salary Costs	501 000	522 000	541 000	2 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	628 000	689 000	751 000	246 000
Operating Profit	−146 000	431 000	32 000	56 000
Financial Income	0	0	0	0
Financial Costs	0	0	13 000	0
Financial Balance	0	0	−13 000	0
Dividends	0	100 000	0	0
Net Income	−146 000	335 000	18 000	56 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	487 000	487 000	487 000	578 000
Total Fixed Assets	487 000	487 000	487 000	578 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	256 000	672 000	142 000	328 000
Total Current Assets	450 000	795 000	363 000	438 000
Total Assets	937 000	1 283 000	851 000	1 017 000
Total Equity	838 000	984 000	749 000	731 000
Short-Term Group Debt	0	0	0	210 000
Total Long-Term Debt	0	0	0	0
Creditors	4 000	11 000	12 000	0
Unpaid Taxes	32 000	30 000	31 000	10 000
Dividends	0	100 000	0	0
Other Current Debt	64 000	162 000	57 000	65 000
Total Current Debt	99 000	299 000	102 000	286 000
Total Equity and Debt	937 000	1 283 000	851 000	1 017 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−17,42 %	34,04 %	2,4 %	7,66 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−30,23 %	38,48 %	4,09 %	18,48 %
Current Ratio	4,55	2,66	3,56	1,53
Quick Ratio	4,55	2,66	3,56	1,53
Equity Ratio	0,89	0,77	0,88	0,72
Gross Profit Margin	97,31 %	97,77 %	98,21 %	96,37 %