HOTEL EXPRESS NORGE AS

4632 KRISTIANSAND S

Finances

Return on Equity

−12,1 %

Current Ratio

−10,6

Debt-to-Equity Ratio

0,93

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 840 000	3 392 000	3 508 000	4 773 000
Net Income	−90 000	−590 000	414 000	371 000
Total Assets	1 315 000	1 835 000	3 260 000	1 766 000
Total Equity	744 000	834 000	1 424 000	1 010 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 840 000	3 392 000	3 508 000	4 773 000
Expenditure	2 884 000	3 797 000	3 132 000	4 294 000
Operating Profit	−44 000	−405 000	376 000	479 000
Financial Income	2 000	1 000	0	0
Financial Costs	48 000	60 000	24 000	2 000
Financial Balance	−46 000	−59 000	−24 000	−2 000
Earnings Before Tax	−90 000	−463 000	352 000	477 000
Tax	0	126 000	−61 000	106 000
Net Income	−90 000	−590 000	414 000	371 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	10 000	216 000	65 000
Total Current Assets	1 315 000	1 825 000	3 043 000	1 701 000
Total Assets	1 315 000	1 835 000	3 260 000	1 766 000
Total Retained Equity	647 000	737 000	1 327 000	913 000
Total Equity	744 000	834 000	1 424 000	1 010 000
Total Long-Term Debt	695 000	1 360 000	2 005 000	0
Total Current Debt	−124 000	−359 000	−169 000	756 000
Total Equity and Debt	1 315 000	1 835 000	3 260 000	1 766 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 258 000	2 062 000	2 757 000	4 482 000
Other Income	582 000	1 330 000	751 000	291 000
Revenue	2 840 000	3 392 000	3 508 000	4 773 000
Cost of Goods Sold	56 000	39 000	49 000	383 000
Salary Costs	2 157 000	2 859 000	2 029 000	2 998 000
Depreciation	10 000	10 000	10 000	71 000
Impairment	0	0	0	0
Expenditure	2 884 000	3 797 000	3 132 000	4 294 000
Operating Profit	−44 000	−405 000	376 000	479 000
Financial Income	2 000	1 000	0	0
Financial Costs	48 000	60 000	24 000	2 000
Financial Balance	−46 000	−59 000	−24 000	−2 000
Dividends	0	0	0	0
Net Income	−90 000	−590 000	414 000	371 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	126 000	65 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	10 000	20 000	0
Total Tangible Assets	0	10 000	20 000	0
Total Fiancial Fixed Assets	0	0	70 000	0
Total Fixed Assets	0	10 000	216 000	65 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	698 000	1 199 000	2 248 000	531 000
Total Current Assets	1 315 000	1 825 000	3 043 000	1 701 000
Total Assets	1 315 000	1 835 000	3 260 000	1 766 000
Total Equity	744 000	834 000	1 424 000	1 010 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	695 000	1 360 000	2 005 000	0
Creditors	7 000	9 000	21 000	67 000
Unpaid Taxes	209 000	218 000	263 000	424 000
Dividends	0	0	0	0
Other Current Debt	189 000	265 000	180 000	265 000
Total Current Debt	−124 000	−359 000	−169 000	756 000
Total Equity and Debt	1 315 000	1 835 000	3 260 000	1 766 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,1 %	−70,74 %	29,07 %	36,73 %
Debt-to-Equity Ratio	0,93	1,63	1,41	0
Operating Profit Margin	−1,55 %	−11,94 %	10,72 %	10,04 %
Current Ratio	−10,6	−5,08	−18,01	2,25
Quick Ratio	−10,6	−5,08	−18,01	2,25
Equity Ratio	0,57	0,45	0,44	0,57
Gross Profit Margin	98,03 %	98,85 %	98,6 %	91,98 %