NORWEGIAN EXPLORER CLUB AS

1396 BILLINGSTAD

Finances

Share Ownership

Return on Equity

37,8 %

Current Ratio

0,25

Debt-to-Equity Ratio

−0,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 051 000	4 741 000	4 438 000	23 171 000
Net Income	−7 412 000	−2 048 000	−4 546 000	−5 426 000
Total Assets	1 078 000	4 150 000	5 468 000	6 239 000
Total Equity	−19 611 000	−12 199 000	−10 151 000	−5 605 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 051 000	4 741 000	4 438 000	23 171 000
Expenditure	20 686 000	6 405 000	8 663 000	28 403 000
Operating Profit	−6 635 000	−1 664 000	−4 225 000	−5 232 000
Financial Income	8 000	1 000	10 000	12 000
Financial Costs	786 000	385 000	331 000	207 000
Financial Balance	−778 000	−384 000	−321 000	−195 000
Earnings Before Tax	−7 412 000	−2 048 000	−4 546 000	−5 426 000
Tax	0	0	0	0
Net Income	−7 412 000	−2 048 000	−4 546 000	−5 426 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	914 000	1 295 000	1 746 000
Total Current Assets	1 078 000	3 236 000	4 172 000	4 493 000
Total Assets	1 078 000	4 150 000	5 468 000	6 239 000
Total Retained Equity	−25 041 000	−17 629 000	−15 581 000	−11 035 000
Total Equity	−19 611 000	−12 199 000	−10 151 000	−5 605 000
Total Long-Term Debt	16 417 000	14 865 000	11 788 000	8 698 000
Total Current Debt	4 272 000	1 484 000	3 830 000	3 146 000
Total Equity and Debt	1 078 000	4 150 000	5 468 000	6 239 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 051 000	3 778 000	3 115 000	23 171 000
Other Income	0	963 000	1 323 000	0
Revenue	14 051 000	4 741 000	4 438 000	23 171 000
Cost of Goods Sold	9 877 000	1 156 000	1 286 000	11 811 000
Salary Costs	6 436 000	2 134 000	1 667 000	8 947 000
Depreciation	367 000	462 000	454 000	706 000
Impairment	0	0	0	0
Expenditure	20 686 000	6 405 000	8 663 000	28 403 000
Operating Profit	−6 635 000	−1 664 000	−4 225 000	−5 232 000
Financial Income	8 000	1 000	10 000	12 000
Financial Costs	786 000	385 000	331 000	207 000
Financial Balance	−778 000	−384 000	−321 000	−195 000
Dividends	0	0	0	0
Net Income	−7 412 000	−2 048 000	−4 546 000	−5 426 000

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	914 000	1 295 000	1 746 000
Total Tangible Assets	0	914 000	1 295 000	1 746 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	914 000	1 295 000	1 746 000
Stock	0	3 101 000	3 107 000	3 083 000
Total Investments	0	0	0	0
Cash, Bank	73 000	35 000	29 000	169 000
Total Current Assets	1 078 000	3 236 000	4 172 000	4 493 000
Total Assets	1 078 000	4 150 000	5 468 000	6 239 000
Total Equity	−19 611 000	−12 199 000	−10 151 000	−5 605 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	16 417 000	14 865 000	11 788 000	8 698 000
Creditors	3 847 000	1 336 000	3 249 000	2 164 000
Unpaid Taxes	299 000	68 000	44 000	377 000
Dividends	0	0	0	0
Other Current Debt	126 000	81 000	538 000	605 000
Total Current Debt	4 272 000	1 484 000	3 830 000	3 146 000
Total Equity and Debt	1 078 000	4 150 000	5 468 000	6 239 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,8 %	16,79 %	44,78 %	96,81 %
Debt-to-Equity Ratio	−0,84	−1,22	−1,16	−1,55
Operating Profit Margin	−47,22 %	−35,1 %	−95,2 %	−22,58 %
Current Ratio	0,25	2,18	1,09	1,43
Quick Ratio	0,25	−2	5,77	71,32
Equity Ratio	−18,19	−2,94	−1,86	−0,9
Gross Profit Margin	29,71 %	75,62 %	71,02 %	49,03 %