EXPLORE 70 DEGREES AS

9180 SKJERVØY

Finances

Share Ownership

Return on Equity

−317,24 %

Current Ratio

3,74

Debt-to-Equity Ratio

−29,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	970 000	680 000	420 000	488 000
Net Income	92 000	57 000	−186 000	5 000
Total Assets	954 000	879 000	804 000	1 137 000
Total Equity	−29 000	−121 000	−167 000	18 000

Income (NOK)	2022	2021	2020	2019
Revenue	970 000	680 000	420 000	488 000
Expenditure	851 000	600 000	658 000	477 000
Operating Profit	119 000	80 000	−238 000	12 000
Financial Income	0	0	0	0
Financial Costs	1 000	3 000	0	5 000
Financial Balance	−1 000	−3 000	0	−5 000
Earnings Before Tax	118 000	77 000	−238 000	7 000
Tax	26 000	20 000	−52 000	2 000
Net Income	92 000	57 000	−186 000	5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	460 000	584 000	682 000	694 000
Total Current Assets	494 000	295 000	122 000	443 000
Total Assets	954 000	879 000	804 000	1 137 000
Total Retained Equity	−59 000	−151 000	−197 000	−12 000
Total Equity	−29 000	−121 000	−167 000	18 000
Total Long-Term Debt	851 000	925 000	715 000	899 000
Total Current Debt	132 000	75 000	256 000	219 000
Total Equity and Debt	954 000	879 000	804 000	1 137 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	828 000	561 000	221 000	135 000
Other Income	142 000	119 000	199 000	353 000
Revenue	970 000	680 000	420 000	488 000
Cost of Goods Sold	51 000	12 000	5 000	4 000
Salary Costs	165 000	30 000	137 000	52 000
Depreciation	98 000	107 000	100 000	58 000
Impairment	0	0	0	0
Expenditure	851 000	600 000	658 000	477 000
Operating Profit	119 000	80 000	−238 000	12 000
Financial Income	0	0	0	0
Financial Costs	1 000	3 000	0	5 000
Financial Balance	−1 000	−3 000	0	−5 000
Dividends	0	0	0	0
Net Income	92 000	57 000	−186 000	5 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	13 000	54 000	97 000	71 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	61 000	110 000	131 000	136 000
Total Tangible Assets	448 000	530 000	584 000	623 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	460 000	584 000	682 000	694 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	324 000	189 000	81 000	220 000
Total Current Assets	494 000	295 000	122 000	443 000
Total Assets	954 000	879 000	804 000	1 137 000
Total Equity	−29 000	−121 000	−167 000	18 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	851 000	925 000	715 000	899 000
Creditors	40 000	22 000	10 000	−1 000
Unpaid Taxes	70 000	35 000	0	10 000
Dividends	0	0	0	0
Other Current Debt	21 000	18 000	246 000	210 000
Total Current Debt	132 000	75 000	256 000	219 000
Total Equity and Debt	954 000	879 000	804 000	1 137 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−317,24 %	−47,11 %	111,38 %	27,78 %
Debt-to-Equity Ratio	−29,34	−7,64	−4,28	49,94
Operating Profit Margin	12,27 %	11,76 %	−56,67 %	2,46 %
Current Ratio	3,74	3,93	0,48	2,02
Quick Ratio	3,74	3,93	0,48	2,02
Equity Ratio	−0,03	−0,14	−0,21	0,02
Gross Profit Margin	94,74 %	98,24 %	98,81 %	99,18 %