ALGINOR ASA

5525 HAUGESUND

Finances

Return on Equity

−4,53 %

Current Ratio

11,58

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	165 000	365 000	164 000
Net Income	−17 428 000	−16 062 000	−4 895 000	−3 977 000
Total Assets	397 420 000	419 854 000	79 347 000	31 136 000
Total Equity	384 441 000	396 645 000	28 206 000	14 684 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	165 000	365 000	164 000
Expenditure	18 703 000	15 628 000	5 105 000	3 826 000
Operating Profit	−18 703 000	−15 464 000	−4 740 000	−3 662 000
Financial Income	1 613 000	416 000	360 000	15 000
Financial Costs	124 000	1 013 000	515 000	330 000
Financial Balance	1 489 000	−597 000	−155 000	−315 000
Earnings Before Tax	−17 214 000	−16 062 000	−4 895 000	−3 977 000
Tax	214 000	0	0	0
Net Income	−17 428 000	−16 062 000	−4 895 000	−3 977 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	301 148 000	94 434 000	63 046 000	19 219 000
Total Current Assets	96 272 000	325 419 000	16 301 000	11 916 000
Total Assets	397 420 000	419 854 000	79 347 000	31 136 000
Total Retained Equity	−50 074 000	−32 646 000	−16 584 000	−11 689 000
Total Equity	384 441 000	396 645 000	28 206 000	14 684 000
Total Long-Term Debt	4 665 000	3 653 000	34 129 000	2 500 000
Total Current Debt	8 314 000	19 555 000	17 013 000	13 952 000
Total Equity and Debt	397 420 000	419 853 000	79 347 000	31 136 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	165 000	173 000	164 000
Other Income	0	0	192 000	0
Revenue	0	165 000	365 000	164 000
Cost of Goods Sold	0	0	0	0
Salary Costs	8 831 000	4 479 000	1 535 000	1 454 000
Depreciation	3 096 000	2 841 000	1 073 000	2 000
Impairment	0	0	0	0
Expenditure	18 703 000	15 628 000	5 105 000	3 826 000
Operating Profit	−18 703 000	−15 464 000	−4 740 000	−3 662 000
Financial Income	1 613 000	416 000	360 000	15 000
Financial Costs	124 000	1 013 000	515 000	330 000
Financial Balance	1 489 000	−597 000	−155 000	−315 000
Dividends	0	0	0	0
Net Income	−17 428 000	−16 062 000	−4 895 000	−3 977 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	63 054 000	43 637 000	30 286 000	13 860 000
Real Eastate	162 868 000	26 885 000	18 189 000	1 522 000
Machinery and Plant Facilities	74 031 000	22 651 000	0	0
Fixtures	0	0	13 063 000	3 837 000
Total Tangible Assets	236 899 000	49 536 000	31 792 000	5 359 000
Total Fiancial Fixed Assets	1 195 000	1 261 000	967 000	0
Total Fixed Assets	301 148 000	94 434 000	63 046 000	19 219 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	86 641 000	316 393 000	5 881 000	5 212 000
Total Current Assets	96 272 000	325 419 000	16 301 000	11 916 000
Total Assets	397 420 000	419 854 000	79 347 000	31 136 000
Total Equity	384 441 000	396 645 000	28 206 000	14 684 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 665 000	3 653 000	34 129 000	2 500 000
Creditors	1 364 000	2 998 000	12 728 000	0
Unpaid Taxes	2 807 000	2 194 000	1 287 000	0
Dividends	0	0	0	0
Other Current Debt	4 142 000	13 212 000	1 966 000	13 952 000
Total Current Debt	8 314 000	19 555 000	17 013 000	13 952 000
Total Equity and Debt	397 420 000	419 853 000	79 347 000	31 136 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,53 %	−4,05 %	−17,35 %	−27,08 %
Debt-to-Equity Ratio	0,01	0,01	1,21	0,17
Operating Profit Margin	-	−9 372,12 %	−1 298,63 %	−2 232,93 %
Current Ratio	11,58	16,64	0,96	0,85
Quick Ratio	11,58	16,64	0,96	0,85
Equity Ratio	0,97	0,94	0,36	0,47
Gross Profit Margin	-	100 %	100 %	100 %