GE RENEWABLE NORWAY AS

0277 OSLO

Finances

Share Ownership

Return on Equity

−72,36 %

Current Ratio

1,62

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	75 677 000	81 282 000	107 259 000	100 549 000
Net Income	−22 503 000	−34 035 000	−32 052 000	−37 028 000
Total Assets	80 358 000	86 458 000	66 534 000	154 559 000
Total Equity	31 097 000	53 599 000	−12 362 000	19 689 000

Income (NOK)	2021	2020	2019	2018
Revenue	75 677 000	81 282 000	107 259 000	100 549 000
Expenditure	100 013 000	115 161 000	130 874 000	135 957 000
Operating Profit	−24 336 000	−35 676 000	−28 809 000	−35 408 000
Financial Income	2 804 000	2 805 000	4 857 000	1 855 000
Financial Costs	971 000	1 164 000	8 100 000	2 672 000
Financial Balance	1 833 000	1 641 000	−3 243 000	−817 000
Earnings Before Tax	−22 503 000	−34 035 000	−32 052 000	−36 225 000
Tax	0	0	0	803 000
Net Income	−22 503 000	−34 035 000	−32 052 000	−37 028 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	403 000	536 000	330 000	582 000
Total Current Assets	79 955 000	85 922 000	66 204 000	153 977 000
Total Assets	80 358 000	86 458 000	66 534 000	154 559 000
Total Retained Equity	27 997 000	50 599 000	−15 362 000	−111 311 000
Total Equity	31 097 000	53 599 000	−12 362 000	19 689 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	49 262 000	32 859 000	78 897 000	134 870 000
Total Equity and Debt	80 358 000	86 458 000	66 535 000	154 559 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	75 677 000	81 282 000	107 259 000	100 549 000
Other Income	0	0	0	0
Revenue	75 677 000	81 282 000	107 259 000	100 549 000
Cost of Goods Sold	38 676 000	39 303 000	38 330 000	57 406 000
Salary Costs	34 843 000	39 723 000	48 097 000	42 382 000
Depreciation	133 000	257 000	252 000	253 000
Impairment	0	0	0	0
Expenditure	100 013 000	115 161 000	130 874 000	135 957 000
Operating Profit	−24 336 000	−35 676 000	−28 809 000	−35 408 000
Financial Income	2 804 000	2 805 000	4 857 000	1 855 000
Financial Costs	971 000	1 164 000	8 100 000	2 672 000
Financial Balance	1 833 000	1 641 000	−3 243 000	−817 000
Dividends	0	0	0	0
Net Income	−22 503 000	−34 035 000	−32 052 000	−37 028 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	331 000	463 000	257 000	0
Fixtures	73 000	73 000	73 000	582 000
Total Tangible Assets	403 000	536 000	330 000	582 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	403 000	536 000	330 000	582 000
Stock	906 000	1 011 000	854 000	634 000
Total Investments	0	0	119 000	0
Cash, Bank	27 305 000	41 454 000	17 258 000	85 045 000
Total Current Assets	79 955 000	85 922 000	66 204 000	153 977 000
Total Assets	80 358 000	86 458 000	66 534 000	154 559 000
Total Equity	31 097 000	53 599 000	−12 362 000	19 689 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 675 000	2 684 000	3 762 000	46 354 000
Unpaid Taxes	1 899 000	6 490 000	9 849 000	9 313 000
Dividends	0	0	0	0
Other Current Debt	11 137 000	6 741 000	10 289 000	79 203 000
Total Current Debt	49 262 000	32 859 000	78 897 000	134 870 000
Total Equity and Debt	80 358 000	86 458 000	66 535 000	154 559 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−72,36 %	−63,5 %	259,28 %	−188,06 %
Debt-to-Equity Ratio	0	0	−0	0
Operating Profit Margin	−32,16 %	−43,89 %	−26,86 %	−35,21 %
Current Ratio	1,62	2,61	0,84	1,14
Quick Ratio	1,65	2,7	0,85	1,15
Equity Ratio	0,39	0,62	−0,19	0,13
Gross Profit Margin	48,89 %	51,65 %	64,26 %	42,91 %