VERDIS SYNTHETIC FUELS

9010 TROMSØ

Finances

Share Ownership

Return on Equity

85,85 %

Current Ratio

2,26

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2017
Revenue	12 585 000	56 000	486 000
Net Income	2 227 000	−414 000	228 000
Total Assets	4 634 000	582 000	328 000
Total Equity	2 594 000	362 000	−285 000

Income (NOK)	2021	2020	2017
Revenue	12 585 000	56 000	486 000
Expenditure	10 121 000	470 000	254 000
Operating Profit	2 464 000	−414 000	232 000
Financial Income	104 000	0	0
Financial Costs	341 000	0	5 000
Financial Balance	−237 000	0	−5 000
Earnings Before Tax	2 227 000	−414 000	228 000
Tax	0	0	0
Net Income	2 227 000	−414 000	228 000

Balance (NOK)	2021	2020	2017
Total Fixed Assets	28 000	7 000	17 000
Total Current Assets	4 607 000	575 000	311 000
Total Assets	4 634 000	582 000	328 000
Total Retained Equity	3 107 000	362 000	−285 000
Total Equity	2 594 000	362 000	−285 000
Total Long-Term Debt	0	0	0
Total Current Debt	2 040 000	220 000	613 000
Total Equity and Debt	4 634 000	582 000	328 000

Cash flow (NOK)	2021	2020	2017
Sales Income	12 585 000	56 000	386 000
Other Income	0	0	100 000
Revenue	12 585 000	56 000	486 000
Cost of Goods Sold	0	0	97 000
Salary Costs	109 000	0	0
Depreciation	4 000	0	1 000
Impairment	0	0	0
Expenditure	10 121 000	470 000	254 000
Operating Profit	2 464 000	−414 000	232 000
Financial Income	104 000	0	0
Financial Costs	341 000	0	5 000
Financial Balance	−237 000	0	−5 000
Dividends	0	0	0
Net Income	2 227 000	−414 000	228 000

Balance details (NOK)	2021	2020	2017
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	3 000	7 000	0
Fixtures	25 000	0	17 000
Total Tangible Assets	28 000	7 000	17 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	28 000	7 000	17 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	2 292 000	575 000	132 000
Total Current Assets	4 607 000	575 000	311 000
Total Assets	4 634 000	582 000	328 000
Total Equity	2 594 000	362 000	−285 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	82 000	382 000
Unpaid Taxes	−73 000	0	0
Dividends	0	0	0
Other Current Debt	2 119 000	127 000	231 000
Total Current Debt	2 040 000	220 000	613 000
Total Equity and Debt	4 634 000	582 000	328 000

Financial indicators	2021	2020	2017
Return on Equity	85,85 %	−114,36 %	−80 %
Debt-to-Equity Ratio	0	0	−0
Operating Profit Margin	19,58 %	−739,29 %	47,74 %
Current Ratio	2,26	2,61	0,51
Quick Ratio	2,26	2,61	0,51
Equity Ratio	0,56	0,62	−0,87
Gross Profit Margin	100 %	100 %	80,04 %