79 DEGREES SOUTH AS

3482 TOFTE

Finances

Share Ownership

Return on Equity

−23,08 %

Current Ratio

1,81

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	303 000	171 000	714 000	488 000
Net Income	−57 000	−111 000	220 000	199 000
Total Assets	490 000	492 000	532 000	397 000
Total Equity	247 000	305 000	416 000	195 000

Income (NOK)	2022	2021	2020	2019
Revenue	303 000	171 000	714 000	488 000
Expenditure	319 000	283 000	430 000	224 000
Operating Profit	−16 000	−111 000	284 000	263 000
Financial Income	0	0	2 000	0
Financial Costs	0	0	4 000	7 000
Financial Balance	0	0	−2 000	−7 000
Earnings Before Tax	−16 000	−111 000	282 000	257 000
Tax	41 000	0	62 000	58 000
Net Income	−57 000	−111 000	220 000	199 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	53 000	124 000	89 000	295 000
Total Current Assets	437 000	369 000	443 000	102 000
Total Assets	490 000	492 000	532 000	397 000
Total Retained Equity	146 000	204 000	315 000	94 000
Total Equity	247 000	305 000	416 000	195 000
Total Long-Term Debt	2 000	0	0	0
Total Current Debt	241 000	188 000	116 000	202 000
Total Equity and Debt	490 000	492 000	532 000	397 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	303 000	171 000	714 000	488 000
Other Income	0	0	0	0
Revenue	303 000	171 000	714 000	488 000
Cost of Goods Sold	25 000	23 000	360 000	0
Salary Costs	5 000	0	−91 000	0
Depreciation	31 000	3 000	0	0
Impairment	0	0	0	0
Expenditure	319 000	283 000	430 000	224 000
Operating Profit	−16 000	−111 000	284 000	263 000
Financial Income	0	0	2 000	0
Financial Costs	0	0	4 000	7 000
Financial Balance	0	0	−2 000	−7 000
Dividends	0	0	0	0
Net Income	−57 000	−111 000	220 000	199 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	39 000	39 000	101 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	53 000	84 000	50 000	50 000
Total Tangible Assets	53 000	84 000	50 000	50 000
Total Fiancial Fixed Assets	0	0	0	144 000
Total Fixed Assets	53 000	124 000	89 000	295 000
Stock	25 000	25 000	25 000	0
Total Investments	0	0	0	0
Cash, Bank	152 000	204 000	114 000	15 000
Total Current Assets	437 000	369 000	443 000	102 000
Total Assets	490 000	492 000	532 000	397 000
Total Equity	247 000	305 000	416 000	195 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	0	0	0
Creditors	82 000	87 000	75 000	24 000
Unpaid Taxes	0	−14 000	0	16 000
Dividends	0	0	0	0
Other Current Debt	158 000	115 000	41 000	162 000
Total Current Debt	241 000	188 000	116 000	202 000
Total Equity and Debt	490 000	492 000	532 000	397 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,08 %	−36,39 %	52,88 %	102,05 %
Debt-to-Equity Ratio	0,01	0	0	0
Operating Profit Margin	−5,28 %	−64,91 %	39,78 %	53,89 %
Current Ratio	1,81	1,96	3,82	0,5
Quick Ratio	2,02	2,26	4,87	0,5
Equity Ratio	0,5	0,62	0,78	0,49
Gross Profit Margin	91,75 %	86,55 %	49,58 %	100 %