EXPLORE THE ARCTIC AS

9108 KVALØYA

Finances

Share Ownership

Return on Equity

−75,32 %

Current Ratio

3,88

Debt-to-Equity Ratio

4,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	687 000	953 000	901 000	1 629 000
Net Income	−290 000	−153 000	−69 000	120 000
Total Assets	2 318 000	2 777 000	2 128 000	2 113 000
Total Equity	385 000	674 000	827 000	466 000

Income (NOK)	2022	2021	2020	2019
Revenue	687 000	953 000	901 000	1 629 000
Expenditure	903 000	1 047 000	919 000	1 393 000
Operating Profit	−216 000	−94 000	−18 000	237 000
Financial Income	0	1 000	1 000	1 000
Financial Costs	74 000	60 000	80 000	91 000
Financial Balance	−74 000	−59 000	−79 000	−90 000
Earnings Before Tax	−290 000	−153 000	−97 000	147 000
Tax	0	0	−28 000	28 000
Net Income	−290 000	−153 000	−69 000	120 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 736 000	1 866 000	1 466 000	1 440 000
Total Current Assets	582 000	911 000	663 000	673 000
Total Assets	2 318 000	2 777 000	2 128 000	2 113 000
Total Retained Equity	−475 000	−186 000	−33 000	36 000
Total Equity	385 000	674 000	827 000	466 000
Total Long-Term Debt	1 783 000	1 957 000	1 211 000	1 296 000
Total Current Debt	150 000	145 000	90 000	351 000
Total Equity and Debt	2 318 000	2 777 000	2 128 000	2 113 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	384 000	187 000	702 000	1 612 000
Other Income	303 000	766 000	199 000	17 000
Revenue	687 000	953 000	901 000	1 629 000
Cost of Goods Sold	26 000	12 000	202 000	384 000
Salary Costs	162 000	219 000	230 000	191 000
Depreciation	200 000	178 000	140 000	144 000
Impairment	0	0	0	0
Expenditure	903 000	1 047 000	919 000	1 393 000
Operating Profit	−216 000	−94 000	−18 000	237 000
Financial Income	0	1 000	1 000	1 000
Financial Costs	74 000	60 000	80 000	91 000
Financial Balance	−74 000	−59 000	−79 000	−90 000
Dividends	0	0	0	0
Net Income	−290 000	−153 000	−69 000	120 000

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	35 000	53 000	0	5 000
Total Tangible Assets	1 736 000	1 866 000	1 466 000	1 440 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 736 000	1 866 000	1 466 000	1 440 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	419 000	713 000	489 000	362 000
Total Current Assets	582 000	911 000	663 000	673 000
Total Assets	2 318 000	2 777 000	2 128 000	2 113 000
Total Equity	385 000	674 000	827 000	466 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 783 000	1 957 000	1 211 000	1 296 000
Creditors	103 000	27 000	32 000	67 000
Unpaid Taxes	−24 000	−23 000	3 000	3 000
Dividends	0	0	0	0
Other Current Debt	72 000	141 000	55 000	281 000
Total Current Debt	150 000	145 000	90 000	351 000
Total Equity and Debt	2 318 000	2 777 000	2 128 000	2 113 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−75,32 %	−22,7 %	−8,34 %	25,75 %
Debt-to-Equity Ratio	4,63	2,9	1,46	2,78
Operating Profit Margin	−31,44 %	−9,86 %	−2 %	14,55 %
Current Ratio	3,88	6,28	7,37	1,92
Quick Ratio	3,88	6,28	7,37	1,92
Equity Ratio	0,17	0,24	0,39	0,22
Gross Profit Margin	96,22 %	98,74 %	77,58 %	76,43 %