NANSEN POLAR EXPEDITIONS AS

6570 SMØLA

Finances

Return on Equity

1,42 %

Current Ratio

0,65

Debt-to-Equity Ratio

1,2

Key figures (NOK)	2021	2020	2019
Revenue	36 543 000	6 125 000	100 000
Net Income	91 000	136 000	−40 000
Total Assets	24 326 000	18 484 000	1 019 000
Total Equity	6 405 000	6 314 000	952 000

Income (NOK)	2021	2020	2019
Revenue	36 543 000	6 125 000	100 000
Expenditure	36 044 000	5 696 000	154 000
Operating Profit	499 000	429 000	−54 000
Financial Income	143 000	1 000	0
Financial Costs	520 000	256 000	0
Financial Balance	−377 000	−255 000	0
Earnings Before Tax	122 000	175 000	−53 000
Tax	31 000	38 000	−13 000
Net Income	91 000	136 000	−40 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	17 658 000	16 768 000	13 000
Total Current Assets	6 668 000	1 716 000	1 005 000
Total Assets	24 326 000	18 484 000	1 019 000
Total Retained Equity	180 000	97 000	−40 000
Total Equity	6 405 000	6 314 000	952 000
Total Long-Term Debt	7 670 000	8 650 000	0
Total Current Debt	10 252 000	3 520 000	67 000
Total Equity and Debt	24 326 000	18 484 000	1 019 000

Cash flow (NOK)	2021	2020	2019
Sales Income	30 410 000	4 247 000	0
Other Income	6 133 000	1 878 000	100 000
Revenue	36 543 000	6 125 000	100 000
Cost of Goods Sold	1 286 000	52 000	0
Salary Costs	16 357 000	2 940 000	0
Depreciation	1 120 000	555 000	0
Impairment	0	0	0
Expenditure	36 044 000	5 696 000	154 000
Operating Profit	499 000	429 000	−54 000
Financial Income	143 000	1 000	0
Financial Costs	520 000	256 000	0
Financial Balance	−377 000	−255 000	0
Dividends	0	0	0
Net Income	91 000	136 000	−40 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	13 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	225 000	193 000	0
Total Tangible Assets	9 546 000	10 068 000	0
Total Fiancial Fixed Assets	8 112 000	6 700 000	0
Total Fixed Assets	17 658 000	16 768 000	13 000
Stock	41 000	100 000	0
Total Investments	0	0	0
Cash, Bank	1 062 000	646 000	414 000
Total Current Assets	6 668 000	1 716 000	1 005 000
Total Assets	24 326 000	18 484 000	1 019 000
Total Equity	6 405 000	6 314 000	952 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	7 670 000	8 650 000	0
Creditors	3 815 000	955 000	67 000
Unpaid Taxes	2 149 000	186 000	0
Dividends	0	0	0
Other Current Debt	4 288 000	2 379 000	0
Total Current Debt	10 252 000	3 520 000	67 000
Total Equity and Debt	24 326 000	18 484 000	1 019 000

Financial indicators	2021	2020	2019
Return on Equity	1,42 %	2,15 %	−4,2 %
Debt-to-Equity Ratio	1,2	1,37	0
Operating Profit Margin	1,37 %	7 %	−54 %
Current Ratio	0,65	0,49	15
Quick Ratio	0,65	0,5	15
Equity Ratio	0,26	0,34	0,93
Gross Profit Margin	96,48 %	99,15 %	100 %