SCANDINAVIAN TRAVEL SERVICE AS

1405 LANGHUS

Finances

Share Ownership

Return on Equity

6,77 %

Current Ratio

2,21

Debt-to-Equity Ratio

1,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 829 000	3 995 000	4 782 000	5 556 000
Net Income	46 000	−92 000	91 000	100 000
Total Assets	2 790 000	1 752 000	2 572 000	3 005 000
Total Equity	679 000	491 000	583 000	492 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 829 000	3 995 000	4 782 000	5 556 000
Expenditure	4 772 000	4 086 000	4 666 000	5 409 000
Operating Profit	57 000	−91 000	115 000	147 000
Financial Income	0	0	0	0
Financial Costs	11 000	27 000	24 000	47 000
Financial Balance	−11 000	−27 000	−24 000	−47 000
Earnings Before Tax	46 000	−118 000	91 000	100 000
Tax	0	−26 000	0	0
Net Income	46 000	−92 000	91 000	100 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	293 000	167 000	629 000	811 000
Total Current Assets	2 497 000	1 585 000	1 943 000	2 193 000
Total Assets	2 790 000	1 752 000	2 572 000	3 005 000
Total Retained Equity	603 000	415 000	507 000	416 000
Total Equity	679 000	491 000	583 000	492 000
Total Long-Term Debt	983 000	698 000	1 409 000	1 672 000
Total Current Debt	1 129 000	563 000	580 000	841 000
Total Equity and Debt	2 790 000	1 752 000	2 572 000	3 005 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 636 000	3 607 000	4 273 000	5 556 000
Other Income	194 000	389 000	509 000	0
Revenue	4 829 000	3 995 000	4 782 000	5 556 000
Cost of Goods Sold	168 000	411 000	87 000	100 000
Salary Costs	945 000	810 000	1 311 000	1 463 000
Depreciation	16 000	70 000	182 000	241 000
Impairment	0	0	0	0
Expenditure	4 772 000	4 086 000	4 666 000	5 409 000
Operating Profit	57 000	−91 000	115 000	147 000
Financial Income	0	0	0	0
Financial Costs	11 000	27 000	24 000	47 000
Financial Balance	−11 000	−27 000	−24 000	−47 000
Dividends	0	0	0	0
Net Income	46 000	−92 000	91 000	100 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	26 000	0	0
Real Eastate	245 000	196 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	49 000	−54 000	629 000	811 000
Total Tangible Assets	293 000	142 000	629 000	811 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	293 000	167 000	629 000	811 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	26 000	15 000	17 000	432 000
Total Current Assets	2 497 000	1 585 000	1 943 000	2 193 000
Total Assets	2 790 000	1 752 000	2 572 000	3 005 000
Total Equity	679 000	491 000	583 000	492 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	983 000	698 000	1 409 000	1 672 000
Creditors	354 000	121 000	222 000	499 000
Unpaid Taxes	183 000	150 000	158 000	41 000
Dividends	0	0	0	0
Other Current Debt	639 000	326 000	204 000	301 000
Total Current Debt	1 129 000	563 000	580 000	841 000
Total Equity and Debt	2 790 000	1 752 000	2 572 000	3 005 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,77 %	−18,74 %	15,61 %	20,33 %
Debt-to-Equity Ratio	1,45	1,42	2,42	3,4
Operating Profit Margin	1,18 %	−2,28 %	2,4 %	2,65 %
Current Ratio	2,21	2,82	3,35	2,61
Quick Ratio	2,21	2,82	3,35	2,61
Equity Ratio	0,24	0,28	0,23	0,16
Gross Profit Margin	96,52 %	89,71 %	98,18 %	98,2 %