NEDRE URDALEN MINIKRAFTVERK AS

3652 HOVIN I TELEMARK

Finances

Share Ownership

Return on Equity

11,53 %

Current Ratio

3,3

Debt-to-Equity Ratio

0,9

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 547 000	998 000	594 000	718 000
Net Income	638 000	260 000	−143 000	−30 000
Total Assets	10 864 000	10 739 000	10 788 000	11 041 000
Total Equity	5 531 000	4 892 000	4 633 000	4 775 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 547 000	998 000	594 000	718 000
Expenditure	502 000	512 000	553 000	496 000
Operating Profit	1 045 000	486 000	41 000	223 000
Financial Income	5 000	2 000	0	0
Financial Costs	228 000	155 000	224 000	262 000
Financial Balance	−223 000	−153 000	−224 000	−262 000
Earnings Before Tax	823 000	333 000	−183 000	−39 000
Tax	184 000	73 000	−40 000	−9 000
Net Income	638 000	260 000	−143 000	−30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 668 000	10 034 000	10 387 000	10 670 000
Total Current Assets	1 196 000	705 000	400 000	371 000
Total Assets	10 864 000	10 739 000	10 788 000	11 041 000
Total Retained Equity	220 000	−418 000	−678 000	−535 000
Total Equity	5 531 000	4 892 000	4 633 000	4 775 000
Total Long-Term Debt	4 970 000	5 615 000	5 975 000	5 994 000
Total Current Debt	362 000	232 000	180 000	271 000
Total Equity and Debt	10 864 000	10 739 000	10 788 000	11 041 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 320 000	995 000	564 000	733 000
Other Income	227 000	3 000	30 000	−15 000
Revenue	1 547 000	998 000	594 000	718 000
Cost of Goods Sold	46 000	46 000	46 000	46 000
Salary Costs	0	0	0	0
Depreciation	259 000	280 000	308 000	308 000
Impairment	0	0	0	0
Expenditure	502 000	512 000	553 000	496 000
Operating Profit	1 045 000	486 000	41 000	223 000
Financial Income	5 000	2 000	0	0
Financial Costs	228 000	155 000	224 000	262 000
Financial Balance	−223 000	−153 000	−224 000	−262 000
Dividends	0	0	0	0
Net Income	638 000	260 000	−143 000	−30 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	34 000	141 000	214 000	174 000
Real Eastate	758 000	799 000	839 000	880 000
Machinery and Plant Facilities	8 876 000	9 094 000	9 333 000	9 616 000
Fixtures	0	0	0	0
Total Tangible Assets	9 634 000	9 893 000	10 173 000	10 496 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	9 668 000	10 034 000	10 387 000	10 670 000
Stock	0	0	0	0
Total Investments	389 000	231 000	0	0
Cash, Bank	286 000	413 000	435 000	336 000
Total Current Assets	1 196 000	705 000	400 000	371 000
Total Assets	10 864 000	10 739 000	10 788 000	11 041 000
Total Equity	5 531 000	4 892 000	4 633 000	4 775 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 970 000	5 615 000	5 975 000	5 994 000
Creditors	−34 000	2 000	18 000	123 000
Unpaid Taxes	296 000	216 000	117 000	139 000
Dividends	0	0	0	0
Other Current Debt	23 000	14 000	45 000	10 000
Total Current Debt	362 000	232 000	180 000	271 000
Total Equity and Debt	10 864 000	10 739 000	10 788 000	11 041 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,53 %	5,31 %	−3,09 %	−0,63 %
Debt-to-Equity Ratio	0,9	1,15	1,29	1,26
Operating Profit Margin	67,55 %	48,7 %	6,9 %	31,06 %
Current Ratio	3,3	3,04	2,22	1,37
Quick Ratio	3,3	3,04	2,22	1,37
Equity Ratio	0,51	0,46	0,43	0,43
Gross Profit Margin	97,03 %	95,39 %	92,26 %	93,59 %