NORDCON ENERGY AS

1940 BJØRKELANGEN

Finances

Share Ownership

Return on Equity

−21,09 %

Current Ratio

0,55

Debt-to-Equity Ratio

1,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 164 000	4 715 000	2 711 000	1 649 000
Net Income	−2 554 000	−4 102 000	−8 381 000	−17 572 000
Total Assets	40 550 000	31 061 000	23 799 000	21 540 000
Total Equity	12 111 000	6 444 000	8 160 000	8 271 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 164 000	4 715 000	2 711 000	1 649 000
Expenditure	23 653 000	9 206 000	9 574 000	18 517 000
Operating Profit	−3 489 000	−4 490 000	−6 863 000	−16 868 000
Financial Income	2 519 000	2 036 000	3 000	3 000
Financial Costs	1 584 000	1 649 000	1 521 000	707 000
Financial Balance	935 000	387 000	−1 518 000	−704 000
Earnings Before Tax	−2 554 000	−4 102 000	−8 381 000	−17 572 000
Tax	0	0	0	0
Net Income	−2 554 000	−4 102 000	−8 381 000	−17 572 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	35 708 000	27 957 000	22 585 000	20 268 000
Total Current Assets	4 842 000	3 104 000	1 215 000	1 272 000
Total Assets	40 550 000	31 061 000	23 799 000	21 540 000
Total Retained Equity	0	0	0	0
Total Equity	12 111 000	6 444 000	8 160 000	8 271 000
Total Long-Term Debt	19 705 000	19 705 000	8 908 000	2 525 000
Total Current Debt	8 735 000	4 912 000	6 731 000	10 744 000
Total Equity and Debt	40 550 000	31 061 000	23 799 000	21 540 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 164 000	4 715 000	2 711 000	1 649 000
Other Income	0	0	0	0
Revenue	20 164 000	4 715 000	2 711 000	1 649 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 512 000	1 637 000	1 904 000	852 000
Depreciation	6 356 000	3 526 000	450 000	4 558 000
Impairment	4 196 000	0	2 510 000	6 032 000
Expenditure	23 653 000	9 206 000	9 574 000	18 517 000
Operating Profit	−3 489 000	−4 490 000	−6 863 000	−16 868 000
Financial Income	2 519 000	2 036 000	3 000	3 000
Financial Costs	1 584 000	1 649 000	1 521 000	707 000
Financial Balance	935 000	387 000	−1 518 000	−704 000
Dividends	0	0	0	0
Net Income	−2 554 000	−4 102 000	−8 381 000	−17 572 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 056 000	5 393 000	4 974 000	4 779 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	29 652 000	22 564 000	17 610 000	15 489 000
Fixtures	0	0	0	0
Total Tangible Assets	29 652 000	22 564 000	17 610 000	15 489 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	35 708 000	27 957 000	22 585 000	20 268 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	635 000	1 876 000	385 000	318 000
Total Current Assets	4 842 000	3 104 000	1 215 000	1 272 000
Total Assets	40 550 000	31 061 000	23 799 000	21 540 000
Total Equity	12 111 000	6 444 000	8 160 000	8 271 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 705 000	19 705 000	8 908 000	2 525 000
Creditors	5 596 000	4 472 000	5 716 000	5 548 000
Unpaid Taxes	183 000	103 000	137 000	121 000
Dividends	0	0	0	0
Other Current Debt	2 955 000	337 000	878 000	5 074 000
Total Current Debt	8 735 000	4 912 000	6 731 000	10 744 000
Total Equity and Debt	40 550 000	31 061 000	23 799 000	21 540 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,09 %	−63,66 %	−102,71 %	−212,45 %
Debt-to-Equity Ratio	1,63	3,06	1,09	0,31
Operating Profit Margin	−17,3 %	−95,23 %	−253,15 %	−1 022,92 %
Current Ratio	0,55	0,63	0,18	0,12
Quick Ratio	0,55	0,63	0,18	0,12
Equity Ratio	0,3	0,21	0,34	0,38
Gross Profit Margin	100 %	100 %	100 %	100 %