ENERGY TRANSITION NORWAY SA

4021 STAVANGER

Finances

Share Ownership

Return on Equity

53,2 %

Current Ratio

2,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 033 000	5 333 000	5 111 000	2 042 000
Net Income	1 712 000	423 000	834 000	200 000
Total Assets	4 945 000	8 767 000	2 431 000	2 933 000
Total Equity	3 218 000	1 506 000	1 083 000	248 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 033 000	5 333 000	5 111 000	2 042 000
Expenditure	7 879 000	4 702 000	4 037 000	1 777 000
Operating Profit	2 154 000	630 000	1 075 000	264 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	2 154 000	630 000	1 074 000	264 000
Tax	442 000	207 000	240 000	64 000
Net Income	1 712 000	423 000	834 000	200 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	4 945 000	8 767 000	2 431 000	2 933 000
Total Assets	4 945 000	8 767 000	2 431 000	2 933 000
Total Retained Equity	3 218 000	1 506 000	1 083 000	248 000
Total Equity	3 218 000	1 506 000	1 083 000	248 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 727 000	7 261 000	1 349 000	2 685 000
Total Equity and Debt	4 945 000	8 767 000	2 431 000	2 933 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 417 000	2 782 000	2 622 000	2 042 000
Other Income	6 617 000	2 551 000	2 489 000	0
Revenue	10 033 000	5 333 000	5 111 000	2 042 000
Cost of Goods Sold	377 000	0	0	118 000
Salary Costs	5 344 000	4 170 000	3 625 000	1 428 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	7 879 000	4 702 000	4 037 000	1 777 000
Operating Profit	2 154 000	630 000	1 075 000	264 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	1 712 000	423 000	834 000	200 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
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	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 468 000	1 777 000	1 338 000	276 000
Total Current Assets	4 945 000	8 767 000	2 431 000	2 933 000
Total Assets	4 945 000	8 767 000	2 431 000	2 933 000
Total Equity	3 218 000	1 506 000	1 083 000	248 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	320 000	70 000	57 000	26 000
Unpaid Taxes	325 000	298 000	243 000	274 000
Dividends	0	0	0	0
Other Current Debt	652 000	6 687 000	812 000	2 320 000
Total Current Debt	1 727 000	7 261 000	1 349 000	2 685 000
Total Equity and Debt	4 945 000	8 767 000	2 431 000	2 933 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,2 %	28,09 %	77,01 %	80,65 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	21,47 %	11,81 %	21,03 %	12,93 %
Current Ratio	2,86	1,21	1,8	1,09
Quick Ratio	2,86	1,21	1,8	1,09
Equity Ratio	0,65	0,17	0,45	0,08
Gross Profit Margin	96,24 %	100 %	100 %	94,22 %