MARE SAFETY HOLDING AS

6065 ULSTEINVIK

Finances

Return on Equity

−18,44 %

Current Ratio

0,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	66 961 000	78 364 000
Net Income	−678 000	−630 000	1 580 000	−988 000
Total Assets	4 913 000	5 583 000	32 091 000	33 813 000
Total Equity	3 677 000	4 355 000	9 865 000	8 310 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	66 961 000	78 364 000
Expenditure	678 000	675 000	64 720 000	78 293 000
Operating Profit	−678 000	−675 000	2 240 000	71 000
Financial Income	0	45 000	411 000	16 000
Financial Costs	0	0	774 000	1 074 000
Financial Balance	0	45 000	−363 000	−1 058 000
Earnings Before Tax	−678 000	−630 000	1 877 000	−988 000
Tax	0	0	297 000	0
Net Income	−678 000	−630 000	1 580 000	−988 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 359 000	4 918 000	9 555 000	11 075 000
Total Current Assets	554 000	665 000	22 536 000	22 739 000
Total Assets	4 913 000	5 583 000	32 091 000	33 813 000
Total Retained Equity	2 387 000	3 065 000	8 575 000	7 020 000
Total Equity	3 677 000	4 355 000	9 865 000	8 310 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 236 000	1 228 000	22 226 000	25 504 000
Total Equity and Debt	4 913 000	5 583 000	32 091 000	33 813 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	66 930 000	78 364 000
Other Income	0	0	30 000	0
Revenue	0	0	66 961 000	78 364 000
Cost of Goods Sold	0	0	44 389 000	54 954 000
Salary Costs	40 000	11 000	12 033 000	12 975 000
Depreciation	559 000	561 000	1 469 000	1 385 000
Impairment	0	0	0	0
Expenditure	678 000	675 000	64 720 000	78 293 000
Operating Profit	−678 000	−675 000	2 240 000	71 000
Financial Income	0	45 000	411 000	16 000
Financial Costs	0	0	774 000	1 074 000
Financial Balance	0	45 000	−363 000	−1 058 000
Dividends	0	0	0	0
Net Income	−678 000	−630 000	1 580 000	−988 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 571 000	3 126 000	7 974 000	9 178 000
Real Eastate	25 000	30 000	231 000	207 000
Machinery and Plant Facilities	0	0	0	172 000
Fixtures	0	0	112 000	220 000
Total Tangible Assets	25 000	30 000	1 581 000	1 897 000
Total Fiancial Fixed Assets	1 762 000	1 762 000	0	0
Total Fixed Assets	4 359 000	4 918 000	9 555 000	11 075 000
Stock	0	0	9 583 000	8 883 000
Total Investments	0	0	0	0
Cash, Bank	25 000	146 000	887 000	817 000
Total Current Assets	554 000	665 000	22 536 000	22 739 000
Total Assets	4 913 000	5 583 000	32 091 000	33 813 000
Total Equity	3 677 000	4 355 000	9 865 000	8 310 000
Short-Term Group Debt	1 214 000	1 225 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	22 000	4 000	8 334 000	9 340 000
Unpaid Taxes	0	0	923 000	995 000
Dividends	0	0	0	0
Other Current Debt	0	0	4 450 000	3 585 000
Total Current Debt	1 236 000	1 228 000	22 226 000	25 504 000
Total Equity and Debt	4 913 000	5 583 000	32 091 000	33 813 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−18,44 %	−14,47 %	16,02 %	−11,89 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	3,35 %	0,09 %
Current Ratio	0,45	0,54	1,01	0,89
Quick Ratio	0,45	0,54	1,78	1,37
Equity Ratio	0,75	0,78	0,31	0,25
Gross Profit Margin	-	-	33,71 %	29,87 %