NORGE EXPRESS AS

0986 OSLO

Finances

Share Ownership

Return on Equity

114,56 %

Current Ratio

0,71

Debt-to-Equity Ratio

−3,33

Key figures (NOK)	2021	2020	2019
Revenue	6 989 000	4 496 000	579 000
Net Income	−897 000	160 000	−70 000
Total Assets	2 940 000	2 379 000	74 000
Total Equity	−783 000	114 000	−46 000

Income (NOK)	2021	2020	2019
Revenue	6 989 000	4 496 000	579 000
Expenditure	7 747 000	4 269 000	649 000
Operating Profit	−758 000	226 000	−70 000
Financial Income	0	0	0
Financial Costs	139 000	41 000	0
Financial Balance	−139 000	−41 000	0
Earnings Before Tax	−897 000	185 000	−70 000
Tax	0	25 000	0
Net Income	−897 000	160 000	−70 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	2 145 000	1 136 000	0
Total Current Assets	795 000	1 244 000	74 000
Total Assets	2 940 000	2 379 000	74 000
Total Retained Equity	−807 000	90 000	−70 000
Total Equity	−783 000	114 000	−46 000
Total Long-Term Debt	2 610 000	1 342 000	0
Total Current Debt	1 112 000	923 000	120 000
Total Equity and Debt	2 940 000	2 379 000	74 000

Cash flow (NOK)	2021	2020	2019
Sales Income	6 902 000	4 496 000	579 000
Other Income	87 000	0	0
Revenue	6 989 000	4 496 000	579 000
Cost of Goods Sold	3 908 000	2 510 000	311 000
Salary Costs	2 501 000	1 164 000	272 000
Depreciation	620 000	356 000	0
Impairment	0	0	0
Expenditure	7 747 000	4 269 000	649 000
Operating Profit	−758 000	226 000	−70 000
Financial Income	0	0	0
Financial Costs	139 000	41 000	0
Financial Balance	−139 000	−41 000	0
Dividends	0	0	0
Net Income	−897 000	160 000	−70 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	1 963 000	1 128 000	0
Total Tangible Assets	1 963 000	1 128 000	0
Total Fiancial Fixed Assets	182 000	8 000	0
Total Fixed Assets	2 145 000	1 136 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	469 000	231 000	60 000
Total Current Assets	795 000	1 244 000	74 000
Total Assets	2 940 000	2 379 000	74 000
Total Equity	−783 000	114 000	−46 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 610 000	1 342 000	0
Creditors	471 000	405 000	47 000
Unpaid Taxes	358 000	376 000	37 000
Dividends	0	0	0
Other Current Debt	283 000	117 000	35 000
Total Current Debt	1 112 000	923 000	120 000
Total Equity and Debt	2 940 000	2 379 000	74 000

Financial indicators	2021	2020	2019
Return on Equity	114,56 %	140,35 %	152,17 %
Debt-to-Equity Ratio	−3,33	11,77	−0
Operating Profit Margin	−10,85 %	5,03 %	−12,09 %
Current Ratio	0,71	1,35	0,62
Quick Ratio	0,71	1,35	0,62
Equity Ratio	−0,27	0,05	−0,62
Gross Profit Margin	44,08 %	44,17 %	46,29 %