NORWEGIAN ENERGY AS

9008 TROMSØ

Finances

Return on Equity

37,78 %

Current Ratio

0,59

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 178 000	1 829 000	1 023 000	910 000
Net Income	−532 000	−2 424 000	−533 000	−423 000
Total Assets	2 215 000	1 294 000	1 195 000	822 000
Total Equity	−1 408 000	−1 987 000	−454 000	734 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 178 000	1 829 000	1 023 000	910 000
Expenditure	2 712 000	4 568 000	2 131 000	1 467 000
Operating Profit	−496 000	−2 163 000	−634 000	−555 000
Financial Income	0	1 000	0	0
Financial Costs	36 000	11 000	12 000	6 000
Financial Balance	−36 000	−10 000	−12 000	−6 000
Earnings Before Tax	−532 000	−2 173 000	−646 000	−561 000
Tax	0	251 000	−113 000	−138 000
Net Income	−532 000	−2 424 000	−533 000	−423 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	60 000	74 000	342 000	186 000
Total Current Assets	2 155 000	1 219 000	853 000	636 000
Total Assets	2 215 000	1 294 000	1 195 000	822 000
Total Retained Equity	−4 046 000	−3 513 000	−1 090 000	−689 000
Total Equity	−1 408 000	−1 987 000	−454 000	734 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 623 000	3 280 000	1 649 000	88 000
Total Equity and Debt	2 215 000	1 294 000	1 195 000	822 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 178 000	1 829 000	1 023 000	910 000
Other Income	0	0	0	0
Revenue	2 178 000	1 829 000	1 023 000	910 000
Cost of Goods Sold	1 028 000	2 256 000	1 242 000	685 000
Salary Costs	478 000	870 000	47 000	149 000
Depreciation	14 000	17 000	17 000	3 000
Impairment	0	0	0	0
Expenditure	2 712 000	4 568 000	2 131 000	1 467 000
Operating Profit	−496 000	−2 163 000	−634 000	−555 000
Financial Income	0	1 000	0	0
Financial Costs	36 000	11 000	12 000	6 000
Financial Balance	−36 000	−10 000	−12 000	−6 000
Dividends	0	0	0	0
Net Income	−532 000	−2 424 000	−533 000	−423 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	251 000	138 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	14 000	31 000	49 000
Total Tangible Assets	0	14 000	31 000	49 000
Total Fiancial Fixed Assets	60 000	60 000	60 000	0
Total Fixed Assets	60 000	74 000	342 000	186 000
Stock	1 089 000	1 050 000	474 000	0
Total Investments	0	0	0	0
Cash, Bank	16 000	101 000	−1 000	30 000
Total Current Assets	2 155 000	1 219 000	853 000	636 000
Total Assets	2 215 000	1 294 000	1 195 000	822 000
Total Equity	−1 408 000	−1 987 000	−454 000	734 000
Short-Term Group Debt	1 482 000	1 234 000	1 190 000	20 000
Total Long-Term Debt	0	0	0	0
Creditors	1 109 000	1 571 000	432 000	11 000
Unpaid Taxes	23 000	191 000	2 000	35 000
Dividends	0	0	0	0
Other Current Debt	1 008 000	284 000	24 000	22 000
Total Current Debt	3 623 000	3 280 000	1 649 000	88 000
Total Equity and Debt	2 215 000	1 294 000	1 195 000	822 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,78 %	121,99 %	117,4 %	−57,63 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	−22,77 %	−118,26 %	−61,97 %	−60,99 %
Current Ratio	0,59	0,37	0,52	7,23
Quick Ratio	0,85	0,55	0,73	7,23
Equity Ratio	−0,64	−1,54	−0,38	0,89
Gross Profit Margin	52,8 %	−23,35 %	−21,41 %	24,73 %