NORDIC EXPLORER AS

1357 BEKKESTUA

Finances

Share Ownership

Return on Equity

268,06 %

Current Ratio

1,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 247 000	10 718 000	8 297 000	11 258 000
Net Income	772 000	−28 000	−520 000	99 000
Total Assets	1 679 000	549 000	1 540 000	3 001 000
Total Equity	288 000	−484 000	−456 000	64 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 247 000	10 718 000	8 297 000	11 258 000
Expenditure	17 206 000	10 682 000	8 783 000	11 148 000
Operating Profit	1 039 000	37 000	−487 000	110 000
Financial Income	2 000	1 000	0	0
Financial Costs	60 000	66 000	0	8 000
Financial Balance	−58 000	−65 000	0	−8 000
Earnings Before Tax	982 000	−28 000	−487 000	103 000
Tax	210 000	0	33 000	4 000
Net Income	772 000	−28 000	−520 000	99 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 679 000	549 000	1 540 000	3 001 000
Total Assets	1 679 000	549 000	1 540 000	3 001 000
Total Retained Equity	258 000	−514 000	−486 000	34 000
Total Equity	288 000	−484 000	−456 000	64 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 391 000	1 033 000	1 996 000	2 937 000
Total Equity and Debt	1 679 000	549 000	1 540 000	3 001 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 247 000	10 718 000	8 297 000	11 258 000
Other Income	0	0	0	0
Revenue	18 247 000	10 718 000	8 297 000	11 258 000
Cost of Goods Sold	16 553 000	9 708 000	7 536 000	10 014 000
Salary Costs	460 000	762 000	580 000	895 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	17 206 000	10 682 000	8 783 000	11 148 000
Operating Profit	1 039 000	37 000	−487 000	110 000
Financial Income	2 000	1 000	0	0
Financial Costs	60 000	66 000	0	8 000
Financial Balance	−58 000	−65 000	0	−8 000
Dividends	0	0	0	0
Net Income	772 000	−28 000	−520 000	99 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	1 278 000	556 000	0	1 092 000
Total Investments	0	0	0	0
Cash, Bank	239 000	66 000	155 000	957 000
Total Current Assets	1 679 000	549 000	1 540 000	3 001 000
Total Assets	1 679 000	549 000	1 540 000	3 001 000
Total Equity	288 000	−484 000	−456 000	64 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	321 000	329 000	1 239 000	2 074 000
Unpaid Taxes	12 000	−176 000	198 000	−621 000
Dividends	0	0	0	0
Other Current Debt	848 000	881 000	526 000	1 480 000
Total Current Debt	1 391 000	1 033 000	1 996 000	2 937 000
Total Equity and Debt	1 679 000	549 000	1 540 000	3 001 000

Financial indicators	2022	2021	2020	2019
Return on Equity	268,06 %	5,79 %	114,04 %	154,69 %
Debt-to-Equity Ratio	0	−0	−0	0
Operating Profit Margin	5,69 %	0,35 %	−5,87 %	0,98 %
Current Ratio	1,21	0,53	0,77	1,02
Quick Ratio	14,86	1,15	0,77	1,63
Equity Ratio	0,17	−0,88	−0,3	0,02
Gross Profit Margin	9,28 %	9,42 %	9,17 %	11,05 %