NORWEGIAN RENEWABLES GROUP AS

0164 OSLO

Finances

Share Ownership

Return on Equity

42,04 %

Current Ratio

0,18

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	848 000	0	0	61 000
Net Income	−3 234 000	−2 344 000	−4 505 000	−8 916 000
Total Assets	1 759 000	2 519 000	970 000	2 084 000
Total Equity	−7 693 000	−7 482 000	−11 409 000	−8 963 000

Income (NOK)	2022	2021	2020	2019
Revenue	848 000	0	0	61 000
Expenditure	3 985 000	2 298 000	4 546 000	6 539 000
Operating Profit	−3 137 000	−2 298 000	−4 546 000	−6 478 000
Financial Income	65 000	13 000	77 000	70 000
Financial Costs	162 000	60 000	36 000	76 000
Financial Balance	−97 000	−47 000	41 000	−6 000
Earnings Before Tax	−3 234 000	−2 344 000	−4 505 000	−6 485 000
Tax	0	0	0	2 431 000
Net Income	−3 234 000	−2 344 000	−4 505 000	−8 916 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	69 000	50 000	24 000	53 000
Total Current Assets	1 690 000	2 468 000	945 000	2 031 000
Total Assets	1 759 000	2 519 000	970 000	2 084 000
Total Retained Equity	−27 714 000	−24 480 000	−22 135 000	−17 530 000
Total Equity	−7 693 000	−7 482 000	−11 409 000	−8 963 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 452 000	10 001 000	12 379 000	11 047 000
Total Equity and Debt	1 759 000	2 519 000	970 000	2 084 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	848 000	0	0	18 000
Other Income	0	0	0	43 000
Revenue	848 000	0	0	61 000
Cost of Goods Sold	0	0	0	22 000
Salary Costs	1 412 000	751 000	1 390 000	2 420 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 985 000	2 298 000	4 546 000	6 539 000
Operating Profit	−3 137 000	−2 298 000	−4 546 000	−6 478 000
Financial Income	65 000	13 000	77 000	70 000
Financial Costs	162 000	60 000	36 000	76 000
Financial Balance	−97 000	−47 000	41 000	−6 000
Dividends	0	0	0	0
Net Income	−3 234 000	−2 344 000	−4 505 000	−8 916 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	69 000	50 000	24 000	53 000
Total Fixed Assets	69 000	50 000	24 000	53 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	742 000	1 608 000	141 000	1 101 000
Total Current Assets	1 690 000	2 468 000	945 000	2 031 000
Total Assets	1 759 000	2 519 000	970 000	2 084 000
Total Equity	−7 693 000	−7 482 000	−11 409 000	−8 963 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	686 000	862 000	1 247 000	1 468 000
Unpaid Taxes	372 000	677 000	465 000	457 000
Dividends	0	0	0	0
Other Current Debt	8 395 000	8 462 000	10 666 000	9 122 000
Total Current Debt	9 452 000	10 001 000	12 379 000	11 047 000
Total Equity and Debt	1 759 000	2 519 000	970 000	2 084 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,04 %	31,33 %	39,49 %	99,48 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−369,93 %	-	-	−10 619,67 %
Current Ratio	0,18	0,25	0,08	0,18
Quick Ratio	0,18	0,25	0,08	0,18
Equity Ratio	−4,37	−2,97	−11,76	−4,3
Gross Profit Margin	100 %	-	-	63,93 %