ECOEXPEDITIONS AS

4023 STAVANGER

Finances

Share Ownership

Return on Equity

17,88 %

Current Ratio

1,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 704 000	389 000	3 801 000	11 530 000
Net Income	143 000	−494 000	297 000	1 771 000
Total Assets	2 028 000	1 762 000	4 699 000	7 020 000
Total Equity	800 000	1 458 000	2 952 000	2 654 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 704 000	389 000	3 801 000	11 530 000
Expenditure	2 521 000	1 012 000	3 424 000	9 248 000
Operating Profit	183 000	−622 000	377 000	2 282 000
Financial Income	12 000	1 000	14 000	29 000
Financial Costs	13 000	11 000	8 000	38 000
Financial Balance	−1 000	−10 000	6 000	−9 000
Earnings Before Tax	183 000	−632 000	383 000	2 273 000
Tax	40 000	−138 000	86 000	502 000
Net Income	143 000	−494 000	297 000	1 771 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	244 000	285 000	3 396 000	3 419 000
Total Current Assets	1 783 000	1 477 000	1 303 000	3 601 000
Total Assets	2 028 000	1 762 000	4 699 000	7 020 000
Total Retained Equity	700 000	1 358 000	2 852 000	2 554 000
Total Equity	800 000	1 458 000	2 952 000	2 654 000
Total Long-Term Debt	0	102 000	775 000	0
Total Current Debt	1 227 000	202 000	972 000	4 366 000
Total Equity and Debt	2 028 000	1 762 000	4 699 000	7 020 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 704 000	89 000	3 453 000	11 529 000
Other Income	0	300 000	348 000	0
Revenue	2 704 000	389 000	3 801 000	11 530 000
Cost of Goods Sold	1 916 000	133 000	2 100 000	8 763 000
Salary Costs	269 000	386 000	457 000	13 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 521 000	1 012 000	3 424 000	9 248 000
Operating Profit	183 000	−622 000	377 000	2 282 000
Financial Income	12 000	1 000	14 000	29 000
Financial Costs	13 000	11 000	8 000	38 000
Financial Balance	−1 000	−10 000	6 000	−9 000
Dividends	300 000	1 000 000	0	0
Net Income	143 000	−494 000	297 000	1 771 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	244 000	285 000	146 000	19 000
Real Eastate	0	0	3 250 000	3 400 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	3 250 000	3 400 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	244 000	285 000	3 396 000	3 419 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	988 000	1 389 000	913 000	2 673 000
Total Current Assets	1 783 000	1 477 000	1 303 000	3 601 000
Total Assets	2 028 000	1 762 000	4 699 000	7 020 000
Total Equity	800 000	1 458 000	2 952 000	2 654 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	102 000	775 000	0
Creditors	260 000	10 000	127 000	0
Unpaid Taxes	110 000	24 000	25 000	0
Dividends	300 000	1 000 000	0	0
Other Current Debt	557 000	169 000	607 000	3 869 000
Total Current Debt	1 227 000	202 000	972 000	4 366 000
Total Equity and Debt	2 028 000	1 762 000	4 699 000	7 020 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,88 %	−33,88 %	10,06 %	66,73 %
Debt-to-Equity Ratio	0	0,07	0,26	0
Operating Profit Margin	6,77 %	−159,9 %	9,92 %	19,79 %
Current Ratio	1,45	7,31	1,34	0,82
Quick Ratio	1,45	7,31	1,34	0,82
Equity Ratio	0,39	0,83	0,63	0,38
Gross Profit Margin	29,14 %	65,81 %	44,75 %	24 %