NORTHERN EXPLORERS AS

7777 NORD-STATLAND

Finances

Return on Equity

189,24 %

Current Ratio

0,09

Debt-to-Equity Ratio

4,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 201 000	2 082 000	1 261 000	3 400 000
Net Income	475 000	−200 000	−218 000	122 000
Total Assets	4 479 000	4 415 000	4 056 000	1 268 000
Total Equity	251 000	−223 000	−23 000	194 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 201 000	2 082 000	1 261 000	3 400 000
Expenditure	4 673 000	2 333 000	1 473 000	3 339 000
Operating Profit	528 000	−252 000	−212 000	62 000
Financial Income	93 000	47 000	76 000	82 000
Financial Costs	176 000	111 000	175 000	49 000
Financial Balance	−83 000	−64 000	−99 000	33 000
Earnings Before Tax	445 000	−316 000	−311 000	95 000
Tax	−30 000	−116 000	−94 000	−27 000
Net Income	475 000	−200 000	−218 000	122 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 194 000	3 872 000	3 901 000	1 078 000
Total Current Assets	285 000	543 000	155 000	189 000
Total Assets	4 479 000	4 415 000	4 056 000	1 268 000
Total Retained Equity	221 000	−253 000	−53 000	164 000
Total Equity	251 000	−223 000	−23 000	194 000
Total Long-Term Debt	1 041 000	1 041 000	1 041 000	400 000
Total Current Debt	3 187 000	3 597 000	3 039 000	673 000
Total Equity and Debt	4 479 000	4 415 000	4 056 000	1 268 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 199 000	2 253 000	1 074 000	3 392 000
Other Income	3 000	−171 000	187 000	9 000
Revenue	5 201 000	2 082 000	1 261 000	3 400 000
Cost of Goods Sold	2 625 000	1 070 000	341 000	1 914 000
Salary Costs	907 000	289 000	292 000	218 000
Depreciation	297 000	236 000	238 000	295 000
Impairment	0	0	0	0
Expenditure	4 673 000	2 333 000	1 473 000	3 339 000
Operating Profit	528 000	−252 000	−212 000	62 000
Financial Income	93 000	47 000	76 000	82 000
Financial Costs	176 000	111 000	175 000	49 000
Financial Balance	−83 000	−64 000	−99 000	33 000
Dividends	0	0	0	0
Net Income	475 000	−200 000	−218 000	122 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	63 000	60 000	56 000	37 000
Real Eastate	421 000	458 000	496 000	517 000
Machinery and Plant Facilities	631 000	344 000	269 000	479 000
Fixtures	45 000	45 000	45 000	45 000
Total Tangible Assets	1 097 000	847 000	810 000	1 041 000
Total Fiancial Fixed Assets	3 034 000	2 964 000	3 034 000	0
Total Fixed Assets	4 194 000	3 872 000	3 901 000	1 078 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	285 000	543 000	155 000	101 000
Total Current Assets	285 000	543 000	155 000	189 000
Total Assets	4 479 000	4 415 000	4 056 000	1 268 000
Total Equity	251 000	−223 000	−23 000	194 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 041 000	1 041 000	1 041 000	400 000
Creditors	168 000	108 000	17 000	417 000
Unpaid Taxes	−11 000	−94 000	−48 000	−72 000
Dividends	0	0	0	0
Other Current Debt	3 016 000	3 585 000	3 072 000	330 000
Total Current Debt	3 187 000	3 597 000	3 039 000	673 000
Total Equity and Debt	4 479 000	4 415 000	4 056 000	1 268 000

Financial indicators	2022	2021	2020	2019
Return on Equity	189,24 %	89,69 %	947,83 %	62,89 %
Debt-to-Equity Ratio	4,15	−4,67	−45,26	2,06
Operating Profit Margin	10,15 %	−12,1 %	−16,81 %	1,82 %
Current Ratio	0,09	0,15	0,05	0,28
Quick Ratio	0,09	0,15	0,05	0,28
Equity Ratio	0,06	−0,05	−0,01	0,15
Gross Profit Margin	49,53 %	48,61 %	72,96 %	43,71 %