NORSEP AS

3936 PORSGRUNN

Finances

Share Ownership

Return on Equity

−44,76 %

Current Ratio

0,08

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	1 504 000	87 000	210 000	0
Net Income	−3 614 000	−480 000	−268 000	−795 000
Total Assets	10 615 000	7 969 000	5 119 000	6 504 000
Total Equity	8 074 000	6 688 000	1 093 000	1 360 000

Income (NOK)	2021	2020	2019	2018
Revenue	1 504 000	87 000	210 000	0
Expenditure	4 558 000	703 000	529 000	769 000
Operating Profit	−3 053 000	−616 000	−319 000	−769 000
Financial Income	0	0	3 000	1 000
Financial Costs	342 000	0	28 000	13 000
Financial Balance	−342 000	0	−25 000	−12 000
Earnings Before Tax	−3 395 000	−616 000	−344 000	−781 000
Tax	219 000	−135 000	−76 000	14 000
Net Income	−3 614 000	−480 000	−268 000	−795 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	10 404 000	7 354 000	4 978 000	4 902 000
Total Current Assets	211 000	615 000	141 000	1 602 000
Total Assets	10 615 000	7 969 000	5 119 000	6 504 000
Total Retained Equity	0	−1 598 000	−1 118 000	−850 000
Total Equity	8 074 000	6 688 000	1 093 000	1 360 000
Total Long-Term Debt	0	0	702 000	693 000
Total Current Debt	2 541 000	1 281 000	3 325 000	4 452 000
Total Equity and Debt	10 615 000	7 969 000	5 119 000	6 504 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	72 000	12 000	210 000	0
Other Income	1 433 000	75 000	0	0
Revenue	1 504 000	87 000	210 000	0
Cost of Goods Sold	0	534 000	440 000	479 000
Salary Costs	2 332 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 558 000	703 000	529 000	769 000
Operating Profit	−3 053 000	−616 000	−319 000	−769 000
Financial Income	0	0	3 000	1 000
Financial Costs	342 000	0	28 000	13 000
Financial Balance	−342 000	0	−25 000	−12 000
Dividends	0	0	0	0
Net Income	−3 614 000	−480 000	−268 000	−795 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	10 404 000	7 354 000	4 978 000	4 902 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 404 000	7 354 000	4 978 000	4 902 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	82 000	34 000	48 000	488 000
Total Current Assets	211 000	615 000	141 000	1 602 000
Total Assets	10 615 000	7 969 000	5 119 000	6 504 000
Total Equity	8 074 000	6 688 000	1 093 000	1 360 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	702 000	693 000
Creditors	235 000	95 000	2 767 000	3 431 000
Unpaid Taxes	155 000	0	0	121 000
Dividends	0	0	0	0
Other Current Debt	846 000	1 186 000	558 000	900 000
Total Current Debt	2 541 000	1 281 000	3 325 000	4 452 000
Total Equity and Debt	10 615 000	7 969 000	5 119 000	6 504 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−44,76 %	−7,18 %	−24,52 %	−58,46 %
Debt-to-Equity Ratio	0	0	0,64	0,51
Operating Profit Margin	−202,99 %	−708,05 %	−151,9 %	-
Current Ratio	0,08	0,48	0,04	0,36
Quick Ratio	0,08	0,48	0,04	0,36
Equity Ratio	0,76	0,84	0,21	0,21
Gross Profit Margin	100 %	−513,79 %	−109,52 %	-