RARE EARTHS NORWAY AS

3830 ULEFOSS

Finances

Share Ownership

Return on Equity

−0,06 %

Current Ratio

6,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	285 000	0	0
Net Income	−31 000	−9 340 000	−22 000	0
Total Assets	55 883 000	15 926 000	38 000	38 000
Total Equity	50 645 000	10 676 000	16 000	38 000

Income (NOK)	2022	2021	2020
Revenue	0	285 000	0
Expenditure	0	9 626 000	22 000
Operating Profit	0	−9 340 000	−22 000
Financial Income	24 000	1 000	0
Financial Costs	55 000	0	0
Financial Balance	−31 000	1 000	0
Earnings Before Tax	−31 000	−9 340 000	−22 000
Tax	0	0	0
Net Income	−31 000	−9 340 000	−22 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	22 588 000	0	0	0
Total Current Assets	33 295 000	15 926 000	38 000	38 000
Total Assets	55 883 000	15 926 000	38 000	38 000
Total Retained Equity	−9 450 000	−9 418 000	−79 000	−57 000
Total Equity	50 645 000	10 676 000	16 000	38 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 238 000	5 250 000	22 000	0
Total Equity and Debt	55 883 000	15 926 000	38 000	38 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	0	285 000	0
Revenue	0	285 000	0
Cost of Goods Sold	0	0	0
Salary Costs	0	58 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	0	9 626 000	22 000
Operating Profit	0	−9 340 000	−22 000
Financial Income	24 000	1 000	0
Financial Costs	55 000	0	0
Financial Balance	−31 000	1 000	0
Dividends	0	0	0
Net Income	−31 000	−9 340 000	−22 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 126 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	406 000	0	0	0
Fixtures	56 000	0	0	0
Total Tangible Assets	462 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	22 588 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	28 942 000	13 908 000	0	0
Total Current Assets	33 295 000	15 926 000	38 000	38 000
Total Assets	55 883 000	15 926 000	38 000	38 000
Total Equity	50 645 000	10 676 000	16 000	38 000
Short-Term Group Debt	734 000	1 182 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 296 000	3 890 000	12 000	0
Unpaid Taxes	118 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 089 000	178 000	10 000	0
Total Current Debt	5 238 000	5 250 000	22 000	0
Total Equity and Debt	55 883 000	15 926 000	38 000	38 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,06 %	−87,49 %	−137,5 %	0 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	−3 277,19 %	-	-
Current Ratio	6,36	3,03	1,73	-
Quick Ratio	6,36	3,03	1,73	-
Equity Ratio	0,91	0,67	0,42	1
Gross Profit Margin	-	100 %	-	-