REINE ELEMENT AS

3540 NESBYEN

Finances

Share Ownership

Return on Equity

−15,74 %

Current Ratio

4,83

Debt-to-Equity Ratio

0,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	41 879 000	29 925 000	17 431 000	2 082 000
Net Income	−2 908 000	−1 208 000	2 637 000	469 000
Total Assets	35 092 000	18 180 000	13 917 000	9 065 000
Total Equity	18 478 000	6 888 000	8 096 000	5 459 000

Income (NOK)	2022	2021	2020	2019
Revenue	41 879 000	29 925 000	17 431 000	2 082 000
Expenditure	45 770 000	31 785 000	14 209 000	1 485 000
Operating Profit	−2 670 000	−1 263 000	3 397 000	597 000
Financial Income	15 000	8 000	4 000	2 000
Financial Costs	252 000	18 000	20 000	0
Financial Balance	−237 000	−10 000	−16 000	2 000
Earnings Before Tax	−2 908 000	−1 273 000	3 381 000	599 000
Tax	0	−66 000	744 000	129 000
Net Income	−2 908 000	−1 208 000	2 637 000	469 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 846 000	3 035 000	3 279 000	1 501 000
Total Current Assets	28 246 000	15 144 000	10 638 000	7 564 000
Total Assets	35 092 000	18 180 000	13 917 000	9 065 000
Total Retained Equity	−1 010 000	1 898 000	3 106 000	469 000
Total Equity	18 478 000	6 888 000	8 096 000	5 459 000
Total Long-Term Debt	10 770 000	0	66 000	129 000
Total Current Debt	5 843 000	11 292 000	5 756 000	3 477 000
Total Equity and Debt	35 092 000	18 180 000	13 917 000	9 065 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	41 125 000	29 925 000	17 431 000	2 082 000
Other Income	754 000	0	0	0
Revenue	41 879 000	29 925 000	17 431 000	2 082 000
Cost of Goods Sold	31 030 000	22 603 000	8 981 000	996 000
Salary Costs	8 634 000	5 577 000	3 604 000	230 000
Depreciation	881 000	491 000	336 000	38 000
Impairment	0	28 000	0	0
Expenditure	45 770 000	31 785 000	14 209 000	1 485 000
Operating Profit	−2 670 000	−1 263 000	3 397 000	597 000
Financial Income	15 000	8 000	4 000	2 000
Financial Costs	252 000	18 000	20 000	0
Financial Balance	−237 000	−10 000	−16 000	2 000
Dividends	0	0	0	0
Net Income	−2 908 000	−1 208 000	2 637 000	469 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	445 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	5 811 000	2 249 000	2 296 000	1 501 000
Fixtures	0	0	0	0
Total Tangible Assets	5 811 000	2 249 000	2 296 000	1 501 000
Total Fiancial Fixed Assets	590 000	787 000	983 000	0
Total Fixed Assets	6 846 000	3 035 000	3 279 000	1 501 000
Stock	5 487 000	6 700 000	2 560 000	92 000
Total Investments	0	0	0	0
Cash, Bank	433 000	2 793 000	1 735 000	4 926 000
Total Current Assets	28 246 000	15 144 000	10 638 000	7 564 000
Total Assets	35 092 000	18 180 000	13 917 000	9 065 000
Total Equity	18 478 000	6 888 000	8 096 000	5 459 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 770 000	0	66 000	129 000
Creditors	1 184 000	8 532 000	1 541 000	2 831 000
Unpaid Taxes	570 000	399 000	584 000	64 000
Dividends	0	0	0	0
Other Current Debt	1 933 000	2 360 000	2 903 000	583 000
Total Current Debt	5 843 000	11 292 000	5 756 000	3 477 000
Total Equity and Debt	35 092 000	18 180 000	13 917 000	9 065 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,74 %	−17,54 %	32,57 %	8,59 %
Debt-to-Equity Ratio	0,58	0	0,01	0,02
Operating Profit Margin	−6,38 %	−4,22 %	19,49 %	28,67 %
Current Ratio	4,83	1,34	1,85	2,18
Quick Ratio	79,34	3,3	3,33	2,23
Equity Ratio	0,53	0,38	0,58	0,6
Gross Profit Margin	25,91 %	24,47 %	48,48 %	52,16 %