EXPLORE NORWAY AS

5057 BERGEN

Finances

Share Ownership

Return on Equity

−253,33 %

Current Ratio

0,71

Debt-to-Equity Ratio

−0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	360 000	1 067 000	331 000	493 000
Net Income	38 000	−16 000	−62 000	0
Total Assets	415 000	40 000	192 000	274 000
Total Equity	−15 000	−54 000	−37 000	24 000

Income (NOK)	2022	2021	2020	2019
Revenue	360 000	1 067 000	331 000	493 000
Expenditure	301 000	1 082 000	385 000	446 000
Operating Profit	59 000	−16 000	−53 000	47 000
Financial Income	0	0	0	0
Financial Costs	3 000	0	8 000	1 000
Financial Balance	−3 000	0	−8 000	−1 000
Earnings Before Tax	56 000	−16 000	−62 000	46 000
Tax	18 000	0	0	46 000
Net Income	38 000	−16 000	−62 000	0

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	112 000	179 000	148 000	223 000
Total Current Assets	303 000	−139 000	44 000	51 000
Total Assets	415 000	40 000	192 000	274 000
Total Retained Equity	−45 000	−78 000	−62 000	0
Total Equity	−15 000	−54 000	−37 000	24 000
Total Long-Term Debt	1 000	1 000	0	0
Total Current Debt	429 000	93 000	229 000	250 000
Total Equity and Debt	415 000	40 000	192 000	274 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	347 000	970 000	256 000	330 000
Other Income	13 000	97 000	75 000	163 000
Revenue	360 000	1 067 000	331 000	493 000
Cost of Goods Sold	1 000	439 000	20 000	53 000
Salary Costs	3 000	1 000	0	3 000
Depreciation	67 000	96 000	76 000	52 000
Impairment	0	0	0	0
Expenditure	301 000	1 082 000	385 000	446 000
Operating Profit	59 000	−16 000	−53 000	47 000
Financial Income	0	0	0	0
Financial Costs	3 000	0	8 000	1 000
Financial Balance	−3 000	0	−8 000	−1 000
Dividends	0	0	0	0
Net Income	38 000	−16 000	−62 000	0

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	112 000	179 000	148 000	223 000
Total Tangible Assets	112 000	179 000	148 000	223 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	112 000	179 000	148 000	223 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	235 000	203 000	39 000	57 000
Total Current Assets	303 000	−139 000	44 000	51 000
Total Assets	415 000	40 000	192 000	274 000
Total Equity	−15 000	−54 000	−37 000	24 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	1 000	0	0
Creditors	0	−9 000	1 000	4 000
Unpaid Taxes	17 000	16 000	41 000	14 000
Dividends	0	0	0	0
Other Current Debt	356 000	49 000	146 000	186 000
Total Current Debt	429 000	93 000	229 000	250 000
Total Equity and Debt	415 000	40 000	192 000	274 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−253,33 %	29,63 %	167,57 %	0 %
Debt-to-Equity Ratio	−0,07	−0,02	−0	0
Operating Profit Margin	16,39 %	−1,5 %	−16,01 %	9,53 %
Current Ratio	0,71	−1,49	0,19	0,2
Quick Ratio	0,71	−1,49	0,19	0,2
Equity Ratio	−0,04	−1,35	−0,19	0,09
Gross Profit Margin	99,72 %	58,86 %	93,96 %	89,25 %