NORWAY EXCURSIONS AS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

−74,36 %

Current Ratio

1,82

Debt-to-Equity Ratio

−2,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 897 000	339 000	548 000	6 157 000
Net Income	438 000	−243 000	−1 181 000	259 000
Total Assets	1 260 000	415 000	709 000	2 356 000
Total Equity	−589 000	−1 026 000	−784 000	398 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 897 000	339 000	548 000	6 157 000
Expenditure	4 447 000	526 000	1 915 000	5 760 000
Operating Profit	450 000	−186 000	−1 367 000	397 000
Financial Income	283 000	0	19 000	1 000
Financial Costs	295 000	56 000	67 000	65 000
Financial Balance	−12 000	−56 000	−48 000	−64 000
Earnings Before Tax	438 000	−243 000	−1 415 000	332 000
Tax	0	0	−234 000	73 000
Net Income	438 000	−243 000	−1 181 000	259 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	95 000	0	0	1 432 000
Total Current Assets	1 166 000	415 000	709 000	925 000
Total Assets	1 260 000	415 000	709 000	2 356 000
Total Retained Equity	−619 000	−1 056 000	−814 000	368 000
Total Equity	−589 000	−1 026 000	−784 000	398 000
Total Long-Term Debt	1 208 000	1 294 000	1 350 000	1 384 000
Total Current Debt	641 000	147 000	143 000	575 000
Total Equity and Debt	1 260 000	415 000	709 000	2 356 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 692 000	34 000	−249 000	6 373 000
Other Income	206 000	306 000	797 000	−216 000
Revenue	4 897 000	339 000	548 000	6 157 000
Cost of Goods Sold	1 831 000	0	30 000	2 065 000
Salary Costs	1 588 000	233 000	677 000	1 916 000
Depreciation	15 000	0	325 000	355 000
Impairment	0	0	0	0
Expenditure	4 447 000	526 000	1 915 000	5 760 000
Operating Profit	450 000	−186 000	−1 367 000	397 000
Financial Income	283 000	0	19 000	1 000
Financial Costs	295 000	56 000	67 000	65 000
Financial Balance	−12 000	−56 000	−48 000	−64 000
Dividends	0	0	0	0
Net Income	438 000	−243 000	−1 181 000	259 000

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	95 000	0	0	1 432 000
Total Tangible Assets	95 000	0	0	1 432 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	95 000	0	0	1 432 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 111 000	390 000	259 000	914 000
Total Current Assets	1 166 000	415 000	709 000	925 000
Total Assets	1 260 000	415 000	709 000	2 356 000
Total Equity	−589 000	−1 026 000	−784 000	398 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 208 000	1 294 000	1 350 000	1 384 000
Creditors	26 000	21 000	57 000	50 000
Unpaid Taxes	27 000	8 000	9 000	93 000
Dividends	0	0	0	0
Other Current Debt	589 000	118 000	77 000	370 000
Total Current Debt	641 000	147 000	143 000	575 000
Total Equity and Debt	1 260 000	415 000	709 000	2 356 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−74,36 %	23,68 %	150,64 %	65,08 %
Debt-to-Equity Ratio	−2,05	−1,26	−1,72	3,48
Operating Profit Margin	9,19 %	−54,87 %	−249,45 %	6,45 %
Current Ratio	1,82	2,82	4,96	1,61
Quick Ratio	1,82	2,82	4,96	1,61
Equity Ratio	−0,47	−2,47	−1,11	0,17
Gross Profit Margin	62,61 %	100 %	94,53 %	66,46 %