NORDIC ELECTROFUEL AS

1366 LYSAKER

Finances

Return on Equity

−13,93 %

Current Ratio

3,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	2 450 000	0	1 393 000
Net Income	−13 542 000	−19 001 000	−2 597 000	−685 000
Total Assets	105 477 000	128 993 000	61 929 000	32 527 000
Total Equity	97 218 000	103 435 000	56 405 000	26 067 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	2 450 000	0	1 393 000
Expenditure	12 584 000	21 519 000	2 603 000	1 990 000
Operating Profit	−12 584 000	−19 069 000	−2 604 000	−597 000
Financial Income	129 000	178 000	37 000	44 000
Financial Costs	1 087 000	110 000	30 000	131 000
Financial Balance	−958 000	68 000	7 000	−87 000
Earnings Before Tax	−13 542 000	−19 001 000	−2 597 000	−685 000
Tax	0	0	0	0
Net Income	−13 542 000	−19 001 000	−2 597 000	−685 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	78 086 000	64 927 000	20 141 000	9 415 000
Total Current Assets	27 392 000	64 066 000	41 788 000	23 112 000
Total Assets	105 477 000	128 993 000	61 929 000	32 527 000
Total Retained Equity	−47 016 000	−33 474 000	−14 473 000	−11 876 000
Total Equity	97 218 000	103 435 000	56 405 000	26 067 000
Total Long-Term Debt	0	0	3 150 000	650 000
Total Current Debt	8 259 000	25 557 000	2 374 000	5 810 000
Total Equity and Debt	105 477 000	128 993 000	61 929 000	32 527 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	2 450 000	0	1 393 000
Revenue	0	2 450 000	0	1 393 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 783 000	9 580 000	660 000	568 000
Depreciation	35 000	0	0	0
Impairment	0	0	0	0
Expenditure	12 584 000	21 519 000	2 603 000	1 990 000
Operating Profit	−12 584 000	−19 069 000	−2 604 000	−597 000
Financial Income	129 000	178 000	37 000	44 000
Financial Costs	1 087 000	110 000	30 000	131 000
Financial Balance	−958 000	68 000	7 000	−87 000
Dividends	0	0	0	0
Net Income	−13 542 000	−19 001 000	−2 597 000	−685 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	74 977 000	62 517 000	18 221 000	9 415 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	111 000	0	0	0
Total Tangible Assets	111 000	0	0	0
Total Fiancial Fixed Assets	2 998 000	2 409 000	1 920 000	0
Total Fixed Assets	78 086 000	64 927 000	20 141 000	9 415 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	23 762 000	56 231 000	39 344 000	18 731 000
Total Current Assets	27 392 000	64 066 000	41 788 000	23 112 000
Total Assets	105 477 000	128 993 000	61 929 000	32 527 000
Total Equity	97 218 000	103 435 000	56 405 000	26 067 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	3 150 000	650 000
Creditors	621 000	18 790 000	787 000	2 281 000
Unpaid Taxes	775 000	695 000	366 000	401 000
Dividends	0	0	0	0
Other Current Debt	1 863 000	3 572 000	1 221 000	3 128 000
Total Current Debt	8 259 000	25 557 000	2 374 000	5 810 000
Total Equity and Debt	105 477 000	128 993 000	61 929 000	32 527 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,93 %	−18,37 %	−4,6 %	−2,63 %
Debt-to-Equity Ratio	0	0	0,06	0,02
Operating Profit Margin	-	−778,33 %	-	−42,86 %
Current Ratio	3,32	2,51	17,6	3,98
Quick Ratio	3,32	2,51	17,6	3,98
Equity Ratio	0,92	0,8	0,91	0,8
Gross Profit Margin	-	100 %	-	100 %