SKANDINAV ENERGY AS

5251 SØREIDGREND

Finances

Return on Equity

54,33 %

Current Ratio

1,68

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	690 000	2 386 000	819 000	206 000
Net Income	69 000	393 000	197 000	−61 000
Total Assets	267 000	916 000	500 000	61 000
Total Equity	127 000	118 000	25 000	28 000

Income (NOK)	2022	2021	2020	2019
Revenue	690 000	2 386 000	819 000	206 000
Expenditure	640 000	1 881 000	584 000	266 000
Operating Profit	50 000	505 000	235 000	−60 000
Financial Income	30 000	0	0	0
Financial Costs	0	0	1 000	1 000
Financial Balance	30 000	0	−1 000	−1 000
Earnings Before Tax	80 000	505 000	235 000	−61 000
Tax	11 000	112 000	38 000	0
Net Income	69 000	393 000	197 000	−61 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	30 000	15 000	0	0
Total Current Assets	237 000	901 000	500 000	61 000
Total Assets	267 000	916 000	500 000	61 000
Total Retained Equity	102 000	93 000	0	4 000
Total Equity	127 000	118 000	25 000	28 000
Total Long-Term Debt	0	0	0	2 000
Total Current Debt	141 000	798 000	476 000	31 000
Total Equity and Debt	267 000	916 000	500 000	61 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	690 000	2 386 000	819 000	156 000
Other Income	0	0	0	50 000
Revenue	690 000	2 386 000	819 000	206 000
Cost of Goods Sold	0	0	0	0
Salary Costs	526 000	1 594 000	502 000	219 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	640 000	1 881 000	584 000	266 000
Operating Profit	50 000	505 000	235 000	−60 000
Financial Income	30 000	0	0	0
Financial Costs	0	0	1 000	1 000
Financial Balance	30 000	0	−1 000	−1 000
Dividends	60 000	300 000	200 000	0
Net Income	69 000	393 000	197 000	−61 000

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	30 000	15 000	0	0
Total Fixed Assets	30 000	15 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	222 000	640 000	233 000	58 000
Total Current Assets	237 000	901 000	500 000	61 000
Total Assets	267 000	916 000	500 000	61 000
Total Equity	127 000	118 000	25 000	28 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	2 000
Creditors	19 000	21 000	23 000	11 000
Unpaid Taxes	12 000	226 000	175 000	4 000
Dividends	60 000	300 000	200 000	0
Other Current Debt	39 000	139 000	39 000	16 000
Total Current Debt	141 000	798 000	476 000	31 000
Total Equity and Debt	267 000	916 000	500 000	61 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,33 %	333,05 %	788 %	−217,86 %
Debt-to-Equity Ratio	0	0	0	0,07
Operating Profit Margin	7,25 %	21,17 %	28,69 %	−29,13 %
Current Ratio	1,68	1,13	1,05	1,97
Quick Ratio	1,68	1,13	1,05	1,97
Equity Ratio	0,48	0,13	0,05	0,46
Gross Profit Margin	100 %	100 %	100 %	100 %