NORTHERN HORIZON AS

9760 NORDVÅGEN

Finances

Share Ownership

Return on Equity

592,31 %

Current Ratio

0,83

Debt-to-Equity Ratio

−11,42

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 941 000	611 000	4 751 000	1 654 000
Net Income	−154 000	−231 000	83 000	258 000
Total Assets	1 177 000	1 020 000	1 172 000	1 351 000
Total Equity	−26 000	128 000	359 000	276 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 941 000	611 000	4 751 000	1 654 000
Expenditure	4 064 000	841 000	4 618 000	1 299 000
Operating Profit	−122 000	−231 000	132 000	355 000
Financial Income	0	0	1 000	0
Financial Costs	32 000	30 000	29 000	24 000
Financial Balance	−32 000	−30 000	−28 000	−24 000
Earnings Before Tax	−154 000	−260 000	104 000	331 000
Tax	0	−29 000	21 000	73 000
Net Income	−154 000	−231 000	83 000	258 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	428 000	565 000	734 000	884 000
Total Current Assets	749 000	455 000	438 000	467 000
Total Assets	1 177 000	1 020 000	1 172 000	1 351 000
Total Retained Equity	−44 000	110 000	341 000	258 000
Total Equity	−26 000	128 000	359 000	276 000
Total Long-Term Debt	297 000	432 000	547 000	661 000
Total Current Debt	907 000	460 000	266 000	414 000
Total Equity and Debt	1 177 000	1 020 000	1 172 000	1 351 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 866 000	531 000	4 738 000	1 654 000
Other Income	75 000	80 000	13 000	0
Revenue	3 941 000	611 000	4 751 000	1 654 000
Cost of Goods Sold	274 000	65 000	617 000	315 000
Salary Costs	2 828 000	376 000	2 740 000	715 000
Depreciation	158 000	169 000	162 000	39 000
Impairment	0	0	0	0
Expenditure	4 064 000	841 000	4 618 000	1 299 000
Operating Profit	−122 000	−231 000	132 000	355 000
Financial Income	0	0	1 000	0
Financial Costs	32 000	30 000	29 000	24 000
Financial Balance	−32 000	−30 000	−28 000	−24 000
Dividends	0	0	0	0
Net Income	−154 000	−231 000	83 000	258 000

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	295 000	432 000	601 000	747 000
Total Tangible Assets	295 000	432 000	601 000	747 000
Total Fiancial Fixed Assets	133 000	133 000	133 000	138 000
Total Fixed Assets	428 000	565 000	734 000	884 000
Stock	0	0	0	0
Total Investments	400 000	400 000	400 000	0
Cash, Bank	327 000	71 000	31 000	345 000
Total Current Assets	749 000	455 000	438 000	467 000
Total Assets	1 177 000	1 020 000	1 172 000	1 351 000
Total Equity	−26 000	128 000	359 000	276 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	297 000	432 000	547 000	661 000
Creditors	45 000	13 000	3 000	131 000
Unpaid Taxes	245 000	91 000	23 000	174 000
Dividends	0	0	0	0
Other Current Debt	617 000	356 000	216 000	69 000
Total Current Debt	907 000	460 000	266 000	414 000
Total Equity and Debt	1 177 000	1 020 000	1 172 000	1 351 000

Financial indicators	2022	2021	2020	2019
Return on Equity	592,31 %	−180,47 %	23,12 %	93,48 %
Debt-to-Equity Ratio	−11,42	3,38	1,52	2,39
Operating Profit Margin	−3,1 %	−37,81 %	2,78 %	21,46 %
Current Ratio	0,83	0,99	1,65	1,13
Quick Ratio	0,83	0,99	1,65	1,13
Equity Ratio	−0,02	0,13	0,31	0,2
Gross Profit Margin	93,05 %	89,36 %	87,01 %	80,96 %