ESPELAND MINIKRAFTVERK AS

6953 LEIRVIK I SOGN

Finances

Share Ownership

Return on Equity

41,35 %

Current Ratio

0,03

Debt-to-Equity Ratio

−3,42

Key figures (NOK)	2022	2021	2020	2019
Revenue	130 000	164 000	88 000	237 000
Net Income	−141 000	−90 000	−178 000	−65 000
Total Assets	2 760 000	2 896 000	2 954 000	3 193 000
Total Equity	−341 000	−200 000	−110 000	68 000

Income (NOK)	2022	2021	2020	2019
Revenue	130 000	164 000	88 000	237 000
Expenditure	213 000	204 000	200 000	222 000
Operating Profit	−83 000	−41 000	−112 000	15 000
Financial Income	0	0	0	0
Financial Costs	58 000	49 000	66 000	80 000
Financial Balance	−58 000	−49 000	−66 000	−80 000
Earnings Before Tax	−141 000	−90 000	−178 000	−65 000
Tax	0	0	0	0
Net Income	−141 000	−90 000	−178 000	−65 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 707 000	2 819 000	2 931 000	3 044 000
Total Current Assets	54 000	77 000	23 000	150 000
Total Assets	2 760 000	2 896 000	2 954 000	3 193 000
Total Retained Equity	−641 000	−500 000	−410 000	−232 000
Total Equity	−341 000	−200 000	−110 000	68 000
Total Long-Term Debt	1 166 000	1 439 000	1 557 000	1 889 000
Total Current Debt	1 936 000	1 657 000	1 507 000	1 236 000
Total Equity and Debt	2 760 000	2 896 000	2 954 000	3 193 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	130 000	164 000	88 000	237 000
Other Income	0	0	0	0
Revenue	130 000	164 000	88 000	237 000
Cost of Goods Sold	13 000	12 000	12 000	0
Salary Costs	0	0	0	0
Depreciation	112 000	112 000	112 000	112 000
Impairment	0	0	0	0
Expenditure	213 000	204 000	200 000	222 000
Operating Profit	−83 000	−41 000	−112 000	15 000
Financial Income	0	0	0	0
Financial Costs	58 000	49 000	66 000	80 000
Financial Balance	−58 000	−49 000	−66 000	−80 000
Dividends	0	0	0	0
Net Income	−141 000	−90 000	−178 000	−65 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 000	18 000	20 000	22 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 691 000	2 801 000	2 912 000	3 022 000
Fixtures	0	0	0	0
Total Tangible Assets	2 691 000	2 801 000	2 912 000	3 022 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 707 000	2 819 000	2 931 000	3 044 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	21 000	50 000	9 000	106 000
Total Current Assets	54 000	77 000	23 000	150 000
Total Assets	2 760 000	2 896 000	2 954 000	3 193 000
Total Equity	−341 000	−200 000	−110 000	68 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 166 000	1 439 000	1 557 000	1 889 000
Creditors	41 000	20 000	3 000	13 000
Unpaid Taxes	17 000	27 000	9 000	43 000
Dividends	0	0	0	0
Other Current Debt	1 877 000	1 609 000	1 494 000	1 180 000
Total Current Debt	1 936 000	1 657 000	1 507 000	1 236 000
Total Equity and Debt	2 760 000	2 896 000	2 954 000	3 193 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,35 %	45 %	161,82 %	−95,59 %
Debt-to-Equity Ratio	−3,42	−7,2	−14,15	27,78
Operating Profit Margin	−63,85 %	−25 %	−127,27 %	6,33 %
Current Ratio	0,03	0,05	0,02	0,12
Quick Ratio	0,03	0,05	0,02	0,12
Equity Ratio	−0,12	−0,07	−0,04	0,02
Gross Profit Margin	90 %	92,68 %	86,36 %	100 %