ISTANBUL EXPRESS AS

7011 TRONDHEIM

Finances

Share Ownership

Return on Equity

1 370,83 %

Current Ratio

0,93

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 931 000	7 967 000	5 848 000	6 231 000
Net Income	658 000	1 010 000	560 000	429 000
Total Assets	1 903 000	2 082 000	1 378 000	1 316 000
Total Equity	48 000	220 000	31 000	30 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 931 000	7 967 000	5 848 000	6 231 000
Expenditure	9 087 000	6 666 000	5 118 000	5 666 000
Operating Profit	844 000	1 301 000	731 000	564 000
Financial Income	0	0	0	1 000
Financial Costs	1 000	5 000	8 000	10 000
Financial Balance	−1 000	−5 000	−8 000	−9 000
Earnings Before Tax	843 000	1 296 000	723 000	554 000
Tax	186 000	286 000	163 000	124 000
Net Income	658 000	1 010 000	560 000	429 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	181 000	180 000	229 000	323 000
Total Current Assets	1 723 000	1 903 000	1 149 000	993 000
Total Assets	1 903 000	2 082 000	1 378 000	1 316 000
Total Retained Equity	18 000	190 000	1 000	0
Total Equity	48 000	220 000	31 000	30 000
Total Long-Term Debt	0	50 000	94 000	131 000
Total Current Debt	1 855 000	1 812 000	1 254 000	1 155 000
Total Equity and Debt	1 903 000	2 082 000	1 378 000	1 316 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 878 000	7 913 000	5 789 000	6 180 000
Other Income	53 000	54 000	59 000	51 000
Revenue	9 931 000	7 967 000	5 848 000	6 231 000
Cost of Goods Sold	3 384 000	2 311 000	1 765 000	2 057 000
Salary Costs	3 765 000	2 647 000	2 175 000	2 616 000
Depreciation	42 000	45 000	100 000	129 000
Impairment	0	0	0	0
Expenditure	9 087 000	6 666 000	5 118 000	5 666 000
Operating Profit	844 000	1 301 000	731 000	564 000
Financial Income	0	0	0	1 000
Financial Costs	1 000	5 000	8 000	10 000
Financial Balance	−1 000	−5 000	−8 000	−9 000
Dividends	830 000	820 000	559 000	438 000
Net Income	658 000	1 010 000	560 000	429 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	18 000	27 000	32 000	26 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	92 000	81 000	126 000	227 000
Total Tangible Assets	92 000	81 000	126 000	227 000
Total Fiancial Fixed Assets	71 000	71 000	71 000	71 000
Total Fixed Assets	181 000	180 000	229 000	323 000
Stock	109 000	68 000	81 000	74 000
Total Investments	0	0	0	0
Cash, Bank	1 494 000	1 691 000	978 000	808 000
Total Current Assets	1 723 000	1 903 000	1 149 000	993 000
Total Assets	1 903 000	2 082 000	1 378 000	1 316 000
Total Equity	48 000	220 000	31 000	30 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	50 000	94 000	131 000
Creditors	138 000	124 000	93 000	139 000
Unpaid Taxes	212 000	383 000	261 000	261 000
Dividends	830 000	820 000	559 000	438 000
Other Current Debt	580 000	203 000	171 000	186 000
Total Current Debt	1 855 000	1 812 000	1 254 000	1 155 000
Total Equity and Debt	1 903 000	2 082 000	1 378 000	1 316 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 370,83 %	459,09 %	1 806,45 %	1 430 %
Debt-to-Equity Ratio	0	0,23	3,03	4,37
Operating Profit Margin	8,5 %	16,33 %	12,5 %	9,05 %
Current Ratio	0,93	1,05	0,92	0,86
Quick Ratio	0,99	1,09	0,98	0,92
Equity Ratio	0,03	0,11	0,02	0,02
Gross Profit Margin	65,92 %	70,99 %	69,82 %	66,99 %