NORTHERN-EXPLORER AS

8360 BØSTAD

Finances

Share Ownership

Return on Equity

72,78 %

Current Ratio

1,73

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 180 000	779 000	985 000	1 494 000
Net Income	230 000	−52 000	−94 000	147 000
Total Assets	619 000	255 000	595 000	469 000
Total Equity	316 000	86 000	139 000	232 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 180 000	779 000	985 000	1 494 000
Expenditure	1 884 000	847 000	1 095 000	1 267 000
Operating Profit	296 000	−67 000	−111 000	227 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	296 000	−67 000	−111 000	228 000
Tax	66 000	−15 000	−17 000	80 000
Net Income	230 000	−52 000	−94 000	147 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	94 000	108 000	149 000	149 000
Total Current Assets	525 000	147 000	446 000	320 000
Total Assets	619 000	255 000	595 000	469 000
Total Retained Equity	292 000	63 000	115 000	209 000
Total Equity	316 000	86 000	139 000	232 000
Total Long-Term Debt	0	0	0	6 000
Total Current Debt	303 000	169 000	456 000	230 000
Total Equity and Debt	619 000	255 000	595 000	469 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 180 000	710 000	985 000	1 494 000
Other Income	0	69 000	0	0
Revenue	2 180 000	779 000	985 000	1 494 000
Cost of Goods Sold	0	3 000	7 000	42 000
Salary Costs	1 092 000	479 000	453 000	540 000
Depreciation	59 000	56 000	50 000	40 000
Impairment	0	0	0	0
Expenditure	1 884 000	847 000	1 095 000	1 267 000
Operating Profit	296 000	−67 000	−111 000	227 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	230 000	−52 000	−94 000	147 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	25 000	10 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	24 000	83 000	139 000	149 000
Total Tangible Assets	24 000	83 000	139 000	149 000
Total Fiancial Fixed Assets	60 000	0	0	0
Total Fixed Assets	94 000	108 000	149 000	149 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	527 000	147 000	461 000	273 000
Total Current Assets	525 000	147 000	446 000	320 000
Total Assets	619 000	255 000	595 000	469 000
Total Equity	316 000	86 000	139 000	232 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	6 000
Creditors	13 000	38 000	203 000	2 000
Unpaid Taxes	82 000	32 000	74 000	110 000
Dividends	0	0	0	0
Other Current Debt	157 000	99 000	117 000	44 000
Total Current Debt	303 000	169 000	456 000	230 000
Total Equity and Debt	619 000	255 000	595 000	469 000

Financial indicators	2022	2021	2020	2019
Return on Equity	72,78 %	−60,47 %	−67,63 %	63,36 %
Debt-to-Equity Ratio	0	0	0	0,03
Operating Profit Margin	13,58 %	−8,6 %	−11,27 %	15,19 %
Current Ratio	1,73	0,87	0,98	1,39
Quick Ratio	1,73	0,87	0,98	1,39
Equity Ratio	0,51	0,34	0,23	0,49
Gross Profit Margin	100 %	99,61 %	99,29 %	97,19 %