EXPLORE NORTH AS

1365 BLOMMENHOLM

Finances

Share Ownership

Return on Equity

−108,62 %

Current Ratio

1,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	631 000	741 000	862 000	0
Net Income	−126 000	43 000	214 000	−3 000
Total Assets	215 000	265 000	238 000	1 000
Total Equity	116 000	242 000	213 000	1 000

Income (NOK)	2022	2021	2020	2019
Revenue	631 000	741 000	862 000	0
Expenditure	706 000	698 000	539 000	1 000
Operating Profit	−74 000	43 000	322 000	−1 000
Financial Income	2 000	0	0	0
Financial Costs	6 000	0	0	2 000
Financial Balance	−4 000	0	0	−2 000
Earnings Before Tax	−78 000	43 000	322 000	−3 000
Tax	48 000	0	0	0
Net Income	−126 000	43 000	214 000	−3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	31 000	192 000	189 000	0
Total Current Assets	184 000	73 000	49 000	1 000
Total Assets	215 000	265 000	238 000	1 000
Total Retained Equity	−126 000	0	−29 000	−241 000
Total Equity	116 000	242 000	213 000	1 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	98 000	23 000	25 000	0
Total Equity and Debt	215 000	265 000	238 000	1 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	631 000	741 000	862 000	0
Other Income	0	0	0	0
Revenue	631 000	741 000	862 000	0
Cost of Goods Sold	5 000	94 000	21 000	0
Salary Costs	263 000	224 000	193 000	0
Depreciation	0	26 000	24 000	0
Impairment	0	0	0	0
Expenditure	706 000	698 000	539 000	1 000
Operating Profit	−74 000	43 000	322 000	−1 000
Financial Income	2 000	0	0	0
Financial Costs	6 000	0	0	2 000
Financial Balance	−4 000	0	0	−2 000
Dividends	0	0	0	0
Net Income	−126 000	43 000	214 000	−3 000

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	31 000	30 000	0	0
Total Tangible Assets	31 000	192 000	189 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	31 000	192 000	189 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	155 000	67 000	49 000	1 000
Total Current Assets	184 000	73 000	49 000	1 000
Total Assets	215 000	265 000	238 000	1 000
Total Equity	116 000	242 000	213 000	1 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	29 000	3 000	25 000	0
Dividends	0	0	0	0
Other Current Debt	30 000	20 000	0	0
Total Current Debt	98 000	23 000	25 000	0
Total Equity and Debt	215 000	265 000	238 000	1 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−108,62 %	17,77 %	100,47 %	−300 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−11,73 %	5,8 %	37,35 %	-
Current Ratio	1,88	3,17	1,96	-
Quick Ratio	1,88	3,17	1,96	-
Equity Ratio	0,54	0,91	0,89	1
Gross Profit Margin	99,21 %	87,31 %	97,56 %	-