W. GIERTSEN ENERGY SOLUTIONS AS

5165 LAKSEVÅG

Finances

Return on Equity

−361,63 %

Current Ratio

2,06

Debt-to-Equity Ratio

14,54

Key figures (NOK)	2022	2021	2020	2019
Revenue	171 757 000	81 244 000	56 407 000	72 309 000
Net Income	−17 087 000	−7 016 000	−13 854 000	−14 061 000
Total Assets	120 812 000	124 425 000	59 204 000	63 110 000
Total Equity	4 725 000	4 725 000	6 241 000	6 446 000

Income (NOK)	2022	2021	2020	2019
Revenue	171 757 000	81 244 000	56 407 000	72 309 000
Expenditure	192 552 000	86 752 000	71 215 000	89 782 000
Operating Profit	−20 794 000	−5 508 000	−14 809 000	−17 475 000
Financial Income	8 589 000	1 833 000	4 401 000	1 008 000
Financial Costs	9 674 000	5 009 000	7 322 000	1 560 000
Financial Balance	−1 085 000	−3 176 000	−2 921 000	−552 000
Earnings Before Tax	−21 880 000	−8 685 000	−17 729 000	−18 027 000
Tax	−4 792 000	−1 669 000	−3 875 000	−3 965 000
Net Income	−17 087 000	−7 016 000	−13 854 000	−14 061 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 135 000	10 879 000	9 541 000	4 709 000
Total Current Assets	97 677 000	113 546 000	49 663 000	58 402 000
Total Assets	120 812 000	124 425 000	59 204 000	63 110 000
Total Retained Equity	0	0	0	0
Total Equity	4 725 000	4 725 000	6 241 000	6 446 000
Total Long-Term Debt	68 691 000	0	0	0
Total Current Debt	47 396 000	119 700 000	52 963 000	56 664 000
Total Equity and Debt	120 812 000	124 425 000	59 204 000	63 110 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	171 757 000	81 244 000	56 407 000	72 309 000
Other Income	0	0	0	0
Revenue	171 757 000	81 244 000	56 407 000	72 309 000
Cost of Goods Sold	160 595 000	69 641 000	56 342 000	64 612 000
Salary Costs	4 793 000	3 978 000	2 326 000	3 745 000
Depreciation	359 000	359 000	20 000	111 000
Impairment	0	0	0	281 000
Expenditure	192 552 000	86 752 000	71 215 000	89 782 000
Operating Profit	−20 794 000	−5 508 000	−14 809 000	−17 475 000
Financial Income	8 589 000	1 833 000	4 401 000	1 008 000
Financial Costs	9 674 000	5 009 000	7 322 000	1 560 000
Financial Balance	−1 085 000	−3 176 000	−2 921 000	−552 000
Dividends	0	0	0	0
Net Income	−17 087 000	−7 016 000	−13 854 000	−14 061 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 235 000	5 985 000	6 458 000	4 459 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	3 812 000	1 835 000	27 000	0
Fixtures	139 000	199 000	162 000	0
Total Tangible Assets	3 950 000	2 035 000	189 000	0
Total Fiancial Fixed Assets	10 950 000	2 859 000	2 893 000	250 000
Total Fixed Assets	23 135 000	10 879 000	9 541 000	4 709 000
Stock	0	955 000	3 806 000	11 865 000
Total Investments	0	0	0	0
Cash, Bank	1 793 000	5 664 000	7 252 000	1 980 000
Total Current Assets	97 677 000	113 546 000	49 663 000	58 402 000
Total Assets	120 812 000	124 425 000	59 204 000	63 110 000
Total Equity	4 725 000	4 725 000	6 241 000	6 446 000
Short-Term Group Debt	380 000	26 874 000	28 858 000	18 594 000
Total Long-Term Debt	68 691 000	0	0	0
Creditors	7 560 000	21 821 000	4 637 000	11 180 000
Unpaid Taxes	3 555 000	2 423 000	202 000	207 000
Dividends	0	0	0	0
Other Current Debt	35 901 000	54 909 000	18 642 000	20 056 000
Total Current Debt	47 396 000	119 700 000	52 963 000	56 664 000
Total Equity and Debt	120 812 000	124 425 000	59 204 000	63 110 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−361,63 %	−148,49 %	−221,98 %	−218,14 %
Debt-to-Equity Ratio	14,54	0	0	0
Operating Profit Margin	−12,11 %	−6,78 %	−26,25 %	−24,17 %
Current Ratio	2,06	0,95	0,94	1,03
Quick Ratio	2,06	0,96	1,01	1,3
Equity Ratio	0,04	0,04	0,11	0,1
Gross Profit Margin	6,5 %	14,28 %	0,12 %	10,64 %