BETTER ENERGY AS

4022 STAVANGER

Finances

Return on Equity

−10,41 %

Current Ratio

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	42 000	566 000	0	0
Net Income	−61 000	−114 000	−197 000	−181 000
Total Assets	592 000	630 000	775 000	965 000
Total Equity	586 000	647 000	761 000	958 000

Income (NOK)	2022	2021	2020	2019
Revenue	42 000	566 000	0	0
Expenditure	103 000	704 000	200 000	183 000
Operating Profit	−60 000	−138 000	−200 000	−183 000
Financial Income	1 000	1 000	3 000	2 000
Financial Costs	2 000	0	0	1 000
Financial Balance	−1 000	1 000	3 000	1 000
Earnings Before Tax	−61 000	−137 000	−197 000	−181 000
Tax	0	−24 000	0	0
Net Income	−61 000	−114 000	−197 000	−181 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	377 000	383 000	1 000	1 000
Total Current Assets	216 000	247 000	773 000	963 000
Total Assets	592 000	630 000	775 000	965 000
Total Retained Equity	486 000	546 000	660 000	858 000
Total Equity	586 000	647 000	761 000	958 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 000	−17 000	14 000	7 000
Total Equity and Debt	592 000	630 000	775 000	965 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	42 000	566 000	0	0
Other Income	0	0	0	0
Revenue	42 000	566 000	0	0
Cost of Goods Sold	0	564 000	0	0
Salary Costs	29 000	56 000	36 000	1 000
Depreciation	7 000	2 000	0	0
Impairment	0	0	0	0
Expenditure	103 000	704 000	200 000	183 000
Operating Profit	−60 000	−138 000	−200 000	−183 000
Financial Income	1 000	1 000	3 000	2 000
Financial Costs	2 000	0	0	1 000
Financial Balance	−1 000	1 000	3 000	1 000
Dividends	0	0	0	0
Net Income	−61 000	−114 000	−197 000	−181 000

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	25 000	32 000	0	0
Total Tangible Assets	25 000	32 000	0	0
Total Fiancial Fixed Assets	351 000	351 000	1 000	1 000
Total Fixed Assets	377 000	383 000	1 000	1 000
Stock	0	0	0	0
Total Investments	100 000	100 000	100 000	0
Cash, Bank	85 000	147 000	673 000	963 000
Total Current Assets	216 000	247 000	773 000	963 000
Total Assets	592 000	630 000	775 000	965 000
Total Equity	586 000	647 000	761 000	958 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	2 000	62 000	2 000
Unpaid Taxes	0	−7 000	−18 000	−1 000
Dividends	0	0	0	0
Other Current Debt	5 000	−12 000	−12 000	23 000
Total Current Debt	6 000	−17 000	14 000	7 000
Total Equity and Debt	592 000	630 000	775 000	965 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,41 %	−17,62 %	−25,89 %	−18,89 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−142,86 %	−24,38 %	-	-
Current Ratio	36	−14,53	55,21	137,57
Quick Ratio	36	−14,53	55,21	137,57
Equity Ratio	0,99	1,03	0,98	0,99
Gross Profit Margin	100 %	0,35 %	-	-