GREENSTAT SOLAR AS

4836 ARENDAL

Finances

Return on Equity

−13 679,05 %

Current Ratio

3,5

Debt-to-Equity Ratio

161,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 785 000	4 157 000	2 681 000	894 000
Net Income	−14 363 000	−5 380 000	−2 581 000	−696 000
Total Assets	22 756 000	4 178 000	1 984 000	1 851 000
Total Equity	105 000	50 000	630 000	−689 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 785 000	4 157 000	2 681 000	894 000
Expenditure	21 079 000	9 518 000	5 256 000	1 590 000
Operating Profit	−14 295 000	−5 361 000	−2 573 000	−696 000
Financial Income	38 000	7 000	9 000	0
Financial Costs	106 000	26 000	17 000	0
Financial Balance	−68 000	−19 000	−8 000	0
Earnings Before Tax	−14 363 000	−5 380 000	−2 581 000	−696 000
Tax	0	0	0	0
Net Income	−14 363 000	−5 380 000	−2 581 000	−696 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 859 000	1 886 000	510 000	0
Total Current Assets	19 897 000	2 292 000	1 474 000	1 851 000
Total Assets	22 756 000	4 178 000	1 984 000	1 851 000
Total Retained Equity	−6 044 000	−6 099 000	−719 000	−719 000
Total Equity	105 000	50 000	630 000	−689 000
Total Long-Term Debt	16 972 000	1 729 000	480 000	2 000 000
Total Current Debt	5 678 000	2 399 000	875 000	540 000
Total Equity and Debt	22 756 000	4 178 000	1 984 000	1 851 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 111 000	3 957 000	2 362 000	719 000
Other Income	674 000	200 000	320 000	175 000
Revenue	6 785 000	4 157 000	2 681 000	894 000
Cost of Goods Sold	678 000	2 286 000	952 000	274 000
Salary Costs	15 403 000	5 363 000	3 358 000	1 042 000
Depreciation	107 000	102 000	72 000	0
Impairment	0	0	0	0
Expenditure	21 079 000	9 518 000	5 256 000	1 590 000
Operating Profit	−14 295 000	−5 361 000	−2 573 000	−696 000
Financial Income	38 000	7 000	9 000	0
Financial Costs	106 000	26 000	17 000	0
Financial Balance	−68 000	−19 000	−8 000	0
Dividends	0	0	0	0
Net Income	−14 363 000	−5 380 000	−2 581 000	−696 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	34 000	37 000	57 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	337 000	422 000	453 000	0
Total Tangible Assets	337 000	422 000	453 000	0
Total Fiancial Fixed Assets	2 488 000	1 428 000	0	0
Total Fixed Assets	2 859 000	1 886 000	510 000	0
Stock	0	54 000	323 000	299 000
Total Investments	0	0	0	0
Cash, Bank	1 474 000	769 000	891 000	1 228 000
Total Current Assets	19 897 000	2 292 000	1 474 000	1 851 000
Total Assets	22 756 000	4 178 000	1 984 000	1 851 000
Total Equity	105 000	50 000	630 000	−689 000
Short-Term Group Debt	0	27 000	0	0
Total Long-Term Debt	16 972 000	1 729 000	480 000	2 000 000
Creditors	2 181 000	1 370 000	209 000	211 000
Unpaid Taxes	1 244 000	330 000	292 000	206 000
Dividends	0	0	0	0
Other Current Debt	2 253 000	673 000	374 000	122 000
Total Current Debt	5 678 000	2 399 000	875 000	540 000
Total Equity and Debt	22 756 000	4 178 000	1 984 000	1 851 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13 679,05 %	−10 760 %	−409,68 %	101,02 %
Debt-to-Equity Ratio	161,64	34,58	0,76	−2,9
Operating Profit Margin	−210,69 %	−128,96 %	−95,97 %	−77,85 %
Current Ratio	3,5	0,96	1,68	3,43
Quick Ratio	3,5	0,98	2,67	7,68
Equity Ratio	0	0,01	0,32	−0,37
Gross Profit Margin	90,01 %	45,01 %	64,49 %	69,35 %