HY2GEN NORDIC AS

4313 SANDNES

Finances

Return on Equity

1 020,05 %

Current Ratio

0,6

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 796 000	8 812 000	556 000	0
Net Income	−11 496 000	−1 819 000	−444 000	−22 000
Total Assets	31 998 000	11 019 000	2 777 000	10 000
Total Equity	−1 127 000	−2 255 000	−437 000	8 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 796 000	8 812 000	556 000	0
Expenditure	17 719 000	10 583 000	1 001 000	22 000
Operating Profit	−9 923 000	−1 770 000	−444 000	−22 000
Financial Income	283 000	10 000	0	0
Financial Costs	1 856 000	58 000	0	1 000
Financial Balance	−1 573 000	−48 000	0	−1 000
Earnings Before Tax	−11 496 000	−1 819 000	−444 000	−22 000
Tax	0	0	0	0
Net Income	−11 496 000	−1 819 000	−444 000	−22 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 088 000	39 000	2 128 000	0
Total Current Assets	19 911 000	10 980 000	649 000	10 000
Total Assets	31 998 000	11 019 000	2 777 000	10 000
Total Retained Equity	−2 285 000	−2 285 000	−467 000	−22 000
Total Equity	−1 127 000	−2 255 000	−437 000	8 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	33 125 000	13 274 000	3 213 000	2 000
Total Equity and Debt	31 998 000	11 019 000	2 777 000	10 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 796 000	8 812 000	556 000	0
Other Income	0	0	0	0
Revenue	7 796 000	8 812 000	556 000	0
Cost of Goods Sold	10 009 000	9 444 000	958 000	0
Salary Costs	6 286 000	595 000	0	0
Depreciation	4 000	0	0	0
Impairment	0	0	0	0
Expenditure	17 719 000	10 583 000	1 001 000	22 000
Operating Profit	−9 923 000	−1 770 000	−444 000	−22 000
Financial Income	283 000	10 000	0	0
Financial Costs	1 856 000	58 000	0	1 000
Financial Balance	−1 573 000	−48 000	0	−1 000
Dividends	0	0	0	0
Net Income	−11 496 000	−1 819 000	−444 000	−22 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	2 128 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	150 000	0	0	0
Total Tangible Assets	150 000	0	0	0
Total Fiancial Fixed Assets	11 938 000	39 000	0	0
Total Fixed Assets	12 088 000	39 000	2 128 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 455 000	3 889 000	46 000	10 000
Total Current Assets	19 911 000	10 980 000	649 000	10 000
Total Assets	31 998 000	11 019 000	2 777 000	10 000
Total Equity	−1 127 000	−2 255 000	−437 000	8 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	9 538 000	9 584 000	3 139 000	0
Unpaid Taxes	341 000	177 000	0	0
Dividends	0	0	0	0
Other Current Debt	23 246 000	3 513 000	75 000	2 000
Total Current Debt	33 125 000	13 274 000	3 213 000	2 000
Total Equity and Debt	31 998 000	11 019 000	2 777 000	10 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 020,05 %	80,67 %	101,6 %	−275 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	−127,28 %	−20,09 %	−79,86 %	-
Current Ratio	0,6	0,83	0,2	5
Quick Ratio	0,6	0,83	0,2	5
Equity Ratio	−0,04	−0,2	−0,16	0,8
Gross Profit Margin	−28,39 %	−7,17 %	−72,3 %	-