PALLE EXPRESSEN AS

4373 EGERSUND

Finances

Share Ownership

Return on Equity

27,11 %

Current Ratio

11,68

Debt-to-Equity Ratio

0,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	351 000	323 000	117 000	99 000
Net Income	93 000	123 000	39 000	10 000
Total Assets	501 000	442 000	282 000	283 000
Total Equity	343 000	249 000	126 000	88 000

Income (NOK)	2022	2021	2020	2019
Revenue	351 000	323 000	117 000	99 000
Expenditure	233 000	172 000	71 000	89 000
Operating Profit	119 000	151 000	46 000	10 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Earnings Before Tax	119 000	151 000	46 000	11 000
Tax	26 000	28 000	7 000	1 000
Net Income	93 000	123 000	39 000	10 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	69 000	87 000	0	0
Total Current Assets	432 000	355 000	282 000	283 000
Total Assets	501 000	442 000	282 000	283 000
Total Retained Equity	204 000	110 000	−13 000	−51 000
Total Equity	343 000	249 000	126 000	88 000
Total Long-Term Debt	121 000	121 000	121 000	171 000
Total Current Debt	37 000	71 000	35 000	24 000
Total Equity and Debt	501 000	442 000	282 000	283 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	351 000	323 000	117 000	89 000
Other Income	0	0	0	10 000
Revenue	351 000	323 000	117 000	99 000
Cost of Goods Sold	102 000	47 000	0	20 000
Salary Costs	0	0	0	0
Depreciation	18 000	3 000	0	34 000
Impairment	0	0	0	0
Expenditure	233 000	172 000	71 000	89 000
Operating Profit	119 000	151 000	46 000	10 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Dividends	0	0	0	0
Net Income	93 000	123 000	39 000	10 000

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	69 000	87 000	0	0
Total Tangible Assets	69 000	87 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	69 000	87 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	431 000	338 000	269 000	200 000
Total Current Assets	432 000	355 000	282 000	283 000
Total Assets	501 000	442 000	282 000	283 000
Total Equity	343 000	249 000	126 000	88 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	121 000	121 000	121 000	171 000
Creditors	−44 000	−21 000	10 000	0
Unpaid Taxes	35 000	41 000	13 000	16 000
Dividends	0	0	0	0
Other Current Debt	21 000	24 000	5 000	7 000
Total Current Debt	37 000	71 000	35 000	24 000
Total Equity and Debt	501 000	442 000	282 000	283 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,11 %	49,4 %	30,95 %	11,36 %
Debt-to-Equity Ratio	0,35	0,49	0,96	1,94
Operating Profit Margin	33,9 %	46,75 %	39,32 %	10,1 %
Current Ratio	11,68	5	8,06	11,79
Quick Ratio	11,68	5	8,06	11,79
Equity Ratio	0,68	0,56	0,45	0,31
Gross Profit Margin	70,94 %	85,45 %	100 %	79,8 %