NORSK RENEWABLES AS

4005 STAVANGER

Finances

Return on Equity

−73,85 %

Current Ratio

1,97

Debt-to-Equity Ratio

0,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 737 000	36 408 000	11 655 000	40 417 000
Net Income	−67 008 000	−27 623 000	−26 359 000	2 938 000
Total Assets	177 202 000	183 952 000	109 275 000	62 009 000
Total Equity	90 735 000	169 157 000	54 659 000	21 242 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 737 000	36 408 000	11 655 000	40 417 000
Expenditure	77 372 000	66 042 000	24 104 000	36 924 000
Operating Profit	−63 635 000	−29 633 000	−12 449 000	3 493 000
Financial Income	3 861 000	4 846 000	1 705 000	549 000
Financial Costs	7 096 000	2 424 000	15 614 000	1 105 000
Financial Balance	−3 235 000	2 422 000	−13 909 000	−556 000
Earnings Before Tax	−66 870 000	−27 211 000	−26 358 000	2 938 000
Tax	138 000	412 000	1 000	0
Net Income	−67 008 000	−27 623 000	−26 359 000	2 938 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	68 806 000	77 163 000	73 545 000	50 787 000
Total Current Assets	108 396 000	106 790 000	35 730 000	11 222 000
Total Assets	177 202 000	183 952 000	109 275 000	62 009 000
Total Retained Equity	−25 898 000	0	1 518 000	2 938 000
Total Equity	90 735 000	169 157 000	54 659 000	21 242 000
Total Long-Term Debt	31 560 000	5 002 000	44 328 000	39 461 000
Total Current Debt	54 907 000	9 794 000	10 288 000	1 307 000
Total Equity and Debt	177 202 000	183 952 000	109 275 000	62 009 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 077 000	36 408 000	9 114 000	38 786 000
Other Income	660 000	0	2 541 000	1 631 000
Revenue	13 737 000	36 408 000	11 655 000	40 417 000
Cost of Goods Sold	167 000	38 101 000	5 291 000	29 896 000
Salary Costs	30 437 000	21 805 000	7 846 000	4 180 000
Depreciation	10 887 000	144 000	5 755 000	55 000
Impairment	9 492 000	0	1 287 000	0
Expenditure	77 372 000	66 042 000	24 104 000	36 924 000
Operating Profit	−63 635 000	−29 633 000	−12 449 000	3 493 000
Financial Income	3 861 000	4 846 000	1 705 000	549 000
Financial Costs	7 096 000	2 424 000	15 614 000	1 105 000
Financial Balance	−3 235 000	2 422 000	−13 909 000	−556 000
Dividends	0	0	0	0
Net Income	−67 008 000	−27 623 000	−26 359 000	2 938 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	174 000	280 000	386 000	1 287 000
Real Eastate	18 027 000	0	0	0
Machinery and Plant Facilities	0	0	52 565 000	0
Fixtures	0	195 000	0	0
Total Tangible Assets	18 027 000	195 000	52 565 000	0
Total Fiancial Fixed Assets	50 605 000	76 688 000	20 594 000	49 501 000
Total Fixed Assets	68 806 000	77 163 000	73 545 000	50 787 000
Stock	150 000	0	3 480 000	0
Total Investments	0	0	0	0
Cash, Bank	44 436 000	67 991 000	27 033 000	9 546 000
Total Current Assets	108 396 000	106 790 000	35 730 000	11 222 000
Total Assets	177 202 000	183 952 000	109 275 000	62 009 000
Total Equity	90 735 000	169 157 000	54 659 000	21 242 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	31 560 000	5 002 000	44 328 000	39 461 000
Creditors	2 988 000	5 570 000	2 645 000	557 000
Unpaid Taxes	4 874 000	1 292 000	583 000	309 000
Dividends	0	0	0	0
Other Current Debt	2 856 000	2 932 000	1 686 000	440 000
Total Current Debt	54 907 000	9 794 000	10 288 000	1 307 000
Total Equity and Debt	177 202 000	183 952 000	109 275 000	62 009 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−73,85 %	−16,33 %	−48,22 %	13,83 %
Debt-to-Equity Ratio	0,35	0,03	0,81	1,86
Operating Profit Margin	−463,24 %	−81,39 %	−106,81 %	8,64 %
Current Ratio	1,97	10,9	3,47	8,59
Quick Ratio	1,98	10,9	5,25	8,59
Equity Ratio	0,51	0,92	0,5	0,34
Gross Profit Margin	98,78 %	−4,65 %	54,6 %	26,03 %