NORDIC BATTERIES AS

1363 HØVIK

Finances

Share Ownership

Return on Equity

−178,91 %

Current Ratio

1,67

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 108 000	250 000	0	0
Net Income	−5 056 000	−220 000	−26 000	−24 000
Total Assets	6 996 000	2 479 000	524 000	520 000
Total Equity	2 826 000	1 882 000	103 000	136 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 108 000	250 000	0	0
Expenditure	14 164 000	470 000	26 000	24 000
Operating Profit	−5 056 000	−220 000	−26 000	−24 000
Financial Income	8 000	0	0	0
Financial Costs	8 000	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−5 056 000	−220 000	−26 000	−24 000
Tax	0	0	0	0
Net Income	−5 056 000	−220 000	−26 000	−24 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	36 000	0	0	0
Total Current Assets	6 960 000	2 479 000	524 000	520 000
Total Assets	6 996 000	2 479 000	524 000	520 000
Total Retained Equity	0	−228 000	−7 000	26 000
Total Equity	2 826 000	1 882 000	103 000	136 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 170 000	597 000	422 000	384 000
Total Equity and Debt	6 996 000	2 479 000	524 000	520 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 713 000	250 000	0	0
Other Income	395 000	0	0	0
Revenue	9 108 000	250 000	0	0
Cost of Goods Sold	7 582 000	0	0	0
Salary Costs	2 923 000	0	0	0
Depreciation	14 000	0	0	0
Impairment	0	0	0	0
Expenditure	14 164 000	470 000	26 000	24 000
Operating Profit	−5 056 000	−220 000	−26 000	−24 000
Financial Income	8 000	0	0	0
Financial Costs	8 000	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−5 056 000	−220 000	−26 000	−24 000

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	36 000	0	0	0
Total Tangible Assets	36 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	36 000	0	0	0
Stock	60 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 372 000	98 000	5 000	0
Total Current Assets	6 960 000	2 479 000	524 000	520 000
Total Assets	6 996 000	2 479 000	524 000	520 000
Total Equity	2 826 000	1 882 000	103 000	136 000
Short-Term Group Debt	0	0	419 000	316 000
Total Long-Term Debt	0	0	0	0
Creditors	3 038 000	596 000	0	0
Unpaid Taxes	282 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	850 000	0	2 000	68 000
Total Current Debt	4 170 000	597 000	422 000	384 000
Total Equity and Debt	6 996 000	2 479 000	524 000	520 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−178,91 %	−11,69 %	−25,24 %	−17,65 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−55,51 %	−88 %	-	-
Current Ratio	1,67	4,15	1,24	1,35
Quick Ratio	1,69	4,15	1,24	1,35
Equity Ratio	0,4	0,76	0,2	0,26
Gross Profit Margin	16,75 %	100 %	-	-