CHEAP ENERGY NORGE AS

1366 LYSAKER

Finances

Share Ownership

Return on Equity

220,32 %

Current Ratio

0,53

Debt-to-Equity Ratio

9,49

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 253 000	40 676 000	46 086 000	78 398 000
Net Income	2 591 000	7 164 000	−8 230 000	7 442 000
Total Assets	23 223 000	34 959 000	16 433 000	28 585 000
Total Equity	1 176 000	6 085 000	958 000	9 189 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 253 000	40 676 000	46 086 000	78 398 000
Expenditure	22 152 000	32 840 000	49 278 000	68 595 000
Operating Profit	3 102 000	7 837 000	−3 193 000	9 803 000
Financial Income	357 000	356 000	430 000	368 000
Financial Costs	137 000	247 000	5 407 000	96 000
Financial Balance	220 000	109 000	−4 977 000	272 000
Earnings Before Tax	3 322 000	7 947 000	−8 169 000	10 075 000
Tax	731 000	783 000	61 000	2 633 000
Net Income	2 591 000	7 164 000	−8 230 000	7 442 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 458 000	16 300 000	6 405 000	5 662 000
Total Current Assets	5 764 000	18 660 000	10 028 000	22 923 000
Total Assets	23 223 000	34 959 000	16 433 000	28 585 000
Total Retained Equity	1 146 000	6 055 000	928 000	9 159 000
Total Equity	1 176 000	6 085 000	958 000	9 189 000
Total Long-Term Debt	11 164 000	4 128 000	3 949 000	1 115 000
Total Current Debt	10 882 000	24 747 000	11 525 000	18 282 000
Total Equity and Debt	23 223 000	34 959 000	16 433 000	28 585 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 300 000	40 775 000	45 946 000	80 319 000
Other Income	953 000	−99 000	140 000	−1 922 000
Revenue	25 253 000	40 676 000	46 086 000	78 398 000
Cost of Goods Sold	12 640 000	26 071 000	14 906 000	47 813 000
Salary Costs	365 000	4 864 000	13 372 000	3 211 000
Depreciation	5 215 000	4 943 000	1 164 000	585 000
Impairment	0	0	0	0
Expenditure	22 152 000	32 840 000	49 278 000	68 595 000
Operating Profit	3 102 000	7 837 000	−3 193 000	9 803 000
Financial Income	357 000	356 000	430 000	368 000
Financial Costs	137 000	247 000	5 407 000	96 000
Financial Balance	220 000	109 000	−4 977 000	272 000
Dividends	7 500 000	0	0	0
Net Income	2 591 000	7 164 000	−8 230 000	7 442 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 646 000	10 189 000	354 000	598 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 545 000	3 044 000	3 617 000	1 281 000
Total Tangible Assets	2 545 000	3 044 000	3 617 000	1 281 000
Total Fiancial Fixed Assets	9 268 000	3 067 000	2 434 000	3 783 000
Total Fixed Assets	17 458 000	16 300 000	6 405 000	5 662 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	95 000	7 898 000	1 507 000	2 640 000
Total Current Assets	5 764 000	18 660 000	10 028 000	22 923 000
Total Assets	23 223 000	34 959 000	16 433 000	28 585 000
Total Equity	1 176 000	6 085 000	958 000	9 189 000
Short-Term Group Debt	0	2 250 000	30 000	830 000
Total Long-Term Debt	11 164 000	4 128 000	3 949 000	1 115 000
Creditors	698 000	8 543 000	3 712 000	7 632 000
Unpaid Taxes	−98 000	557 000	2 382 000	1 781 000
Dividends	7 500 000	0	0	0
Other Current Debt	1 569 000	13 397 000	5 340 000	5 709 000
Total Current Debt	10 882 000	24 747 000	11 525 000	18 282 000
Total Equity and Debt	23 223 000	34 959 000	16 433 000	28 585 000

Financial indicators	2022	2021	2020	2019
Return on Equity	220,32 %	117,73 %	−859,08 %	80,99 %
Debt-to-Equity Ratio	9,49	0,68	4,12	0,12
Operating Profit Margin	12,28 %	19,27 %	−6,93 %	12,5 %
Current Ratio	0,53	0,75	0,87	1,25
Quick Ratio	0,53	0,75	0,87	1,25
Equity Ratio	0,05	0,17	0,06	0,32
Gross Profit Margin	49,95 %	35,91 %	67,66 %	39,01 %