SPITZBERGEN ADVENTURES AS

9170 LONGYEARBYEN

Finances

Share Ownership

Return on Equity

−891,95 %

Current Ratio

0,5

Debt-to-Equity Ratio

−0,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 767 000	2 274 000	2 037 000	5 376 000
Net Income	776 000	72 000	−281 000	−676 000
Total Assets	585 000	1 362 000	777 000	1 673 000
Total Equity	−87 000	−863 000	−934 000	−923 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 767 000	2 274 000	2 037 000	5 376 000
Expenditure	5 080 000	2 187 000	2 338 000	6 034 000
Operating Profit	686 000	87 000	−302 000	−658 000
Financial Income	10 000	12 000	17 000	13 000
Financial Costs	11 000	4 000	20 000	30 000
Financial Balance	−1 000	8 000	−3 000	−17 000
Earnings Before Tax	685 000	95 000	−305 000	−676 000
Tax	−91 000	24 000	−24 000	0
Net Income	776 000	72 000	−281 000	−676 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	273 000	308 000	264 000	209 000
Total Current Assets	312 000	1 054 000	513 000	1 464 000
Total Assets	585 000	1 362 000	777 000	1 673 000
Total Retained Equity	−409 000	−1 185 000	−1 257 000	−976 000
Total Equity	−87 000	−863 000	−934 000	−923 000
Total Long-Term Debt	50 000	127 000	127 000	223 000
Total Current Debt	622 000	2 098 000	1 585 000	2 374 000
Total Equity and Debt	585 000	1 362 000	777 000	1 673 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 727 000	2 176 000	1 592 000	5 154 000
Other Income	40 000	98 000	445 000	222 000
Revenue	5 767 000	2 274 000	2 037 000	5 376 000
Cost of Goods Sold	768 000	212 000	253 000	1 407 000
Salary Costs	2 352 000	777 000	674 000	2 012 000
Depreciation	106 000	52 000	127 000	267 000
Impairment	0	0	0	0
Expenditure	5 080 000	2 187 000	2 338 000	6 034 000
Operating Profit	686 000	87 000	−302 000	−658 000
Financial Income	10 000	12 000	17 000	13 000
Financial Costs	11 000	4 000	20 000	30 000
Financial Balance	−1 000	8 000	−3 000	−17 000
Dividends	0	0	0	0
Net Income	776 000	72 000	−281 000	−676 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	91 000	0	9 000	13 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	142 000	183 000	0	0
Fixtures	36 000	9 000	25 000	149 000
Total Tangible Assets	177 000	192 000	25 000	149 000
Total Fiancial Fixed Assets	5 000	116 000	230 000	47 000
Total Fixed Assets	273 000	308 000	264 000	209 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	78 000	822 000	289 000	192 000
Total Current Assets	312 000	1 054 000	513 000	1 464 000
Total Assets	585 000	1 362 000	777 000	1 673 000
Total Equity	−87 000	−863 000	−934 000	−923 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	50 000	127 000	127 000	223 000
Creditors	142 000	131 000	135 000	193 000
Unpaid Taxes	61 000	30 000	21 000	10 000
Dividends	0	0	0	0
Other Current Debt	419 000	1 937 000	1 428 000	2 170 000
Total Current Debt	622 000	2 098 000	1 585 000	2 374 000
Total Equity and Debt	585 000	1 362 000	777 000	1 673 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−891,95 %	−8,34 %	30,09 %	73,24 %
Debt-to-Equity Ratio	−0,57	−0,15	−0,14	−0,24
Operating Profit Margin	11,9 %	3,83 %	−14,83 %	−12,24 %
Current Ratio	0,5	0,5	0,32	0,62
Quick Ratio	0,5	0,5	0,32	0,62
Equity Ratio	−0,15	−0,63	−1,2	−0,55
Gross Profit Margin	86,68 %	90,68 %	87,58 %	73,83 %