ENERGY RESEARCH NORWAY AS

5142 FYLLINGSDALEN

Finances

Share Ownership

Return on Equity

57,5 %

Current Ratio

1,84

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 698 000	9 853 000	5 652 000	5 109 000
Net Income	2 044 000	391 000	−551 000	1 252 000
Total Assets	7 945 000	9 990 000	5 071 000	3 404 000
Total Equity	3 555 000	1 511 000	1 120 000	1 670 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 698 000	9 853 000	5 652 000	5 109 000
Expenditure	6 048 000	9 335 000	6 345 000	3 509 000
Operating Profit	2 649 000	518 000	−693 000	1 600 000
Financial Income	6 000	2 000	0	21 000
Financial Costs	34 000	21 000	13 000	7 000
Financial Balance	−28 000	−19 000	−13 000	14 000
Earnings Before Tax	2 622 000	499 000	−705 000	1 614 000
Tax	577 000	108 000	−155 000	362 000
Net Income	2 044 000	391 000	−551 000	1 252 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	608 000	689 000	770 000	3 000
Total Current Assets	7 337 000	9 301 000	4 301 000	3 401 000
Total Assets	7 945 000	9 990 000	5 071 000	3 404 000
Total Retained Equity	3 525 000	1 481 000	1 090 000	1 640 000
Total Equity	3 555 000	1 511 000	1 120 000	1 670 000
Total Long-Term Debt	412 000	565 000	636 000	0
Total Current Debt	3 977 000	7 915 000	3 316 000	1 733 000
Total Equity and Debt	7 945 000	9 990 000	5 071 000	3 404 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 698 000	9 853 000	5 652 000	5 109 000
Other Income	0	0	0	0
Revenue	8 698 000	9 853 000	5 652 000	5 109 000
Cost of Goods Sold	1 811 000	4 712 000	2 901 000	890 000
Salary Costs	3 703 000	4 085 000	3 056 000	2 501 000
Depreciation	81 000	81 000	41 000	0
Impairment	0	0	0	0
Expenditure	6 048 000	9 335 000	6 345 000	3 509 000
Operating Profit	2 649 000	518 000	−693 000	1 600 000
Financial Income	6 000	2 000	0	21 000
Financial Costs	34 000	21 000	13 000	7 000
Financial Balance	−28 000	−19 000	−13 000	14 000
Dividends	0	0	0	0
Net Income	2 044 000	391 000	−551 000	1 252 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	608 000	689 000	770 000	0
Total Tangible Assets	608 000	689 000	770 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	608 000	689 000	770 000	3 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 752 000	3 739 000	2 728 000	802 000
Total Current Assets	7 337 000	9 301 000	4 301 000	3 401 000
Total Assets	7 945 000	9 990 000	5 071 000	3 404 000
Total Equity	3 555 000	1 511 000	1 120 000	1 670 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	412 000	565 000	636 000	0
Creditors	13 000	16 000	5 000	7 000
Unpaid Taxes	456 000	343 000	630 000	573 000
Dividends	0	0	0	0
Other Current Debt	2 950 000	7 458 000	2 681 000	866 000
Total Current Debt	3 977 000	7 915 000	3 316 000	1 733 000
Total Equity and Debt	7 945 000	9 990 000	5 071 000	3 404 000

Financial indicators	2022	2021	2020	2019
Return on Equity	57,5 %	25,88 %	−49,2 %	74,97 %
Debt-to-Equity Ratio	0,12	0,37	0,57	0
Operating Profit Margin	30,46 %	5,26 %	−12,26 %	31,32 %
Current Ratio	1,84	1,18	1,3	1,96
Quick Ratio	1,84	1,18	1,3	1,96
Equity Ratio	0,45	0,15	0,22	0,49
Gross Profit Margin	79,18 %	52,18 %	48,67 %	82,58 %