EMPOWER NEW ENERGY AS

0153 OSLO

Finances

Return on Equity

−40,26 %

Current Ratio

1,11

Debt-to-Equity Ratio

0,37

Key figures (USD)	2022	2021	2020	2019
Revenue	330 000	3 912 000	0	0
Net Income	−2 758 000	−220 000	−3 577 000	−5 767 000
Total Assets	12 686 000	54 841 000	14 032 000	5 630 000
Total Equity	6 850 000	47 692 000	13 588 000	3 419 000

Income (USD)	2022	2021	2020	2019
Revenue	330 000	3 912 000	0	0
Expenditure	2 517 000	3 989 000	3 017 000	5 527 000
Operating Profit	−2 187 000	−77 000	−3 017 000	−5 527 000
Financial Income	312 000	3 123 000	1 005 000	2 000
Financial Costs	782 000	3 266 000	1 565 000	242 000
Financial Balance	−470 000	−143 000	−560 000	−240 000
Earnings Before Tax	−2 657 000	−220 000	−3 577 000	−5 767 000
Tax	101 000	0	0	0
Net Income	−2 758 000	−220 000	−3 577 000	−5 767 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	9 007 000	21 554 000	6 005 000	0
Total Current Assets	3 679 000	33 287 000	8 027 000	5 630 000
Total Assets	12 686 000	54 841 000	14 032 000	5 630 000
Total Retained Equity	−3 863 000	−9 571 000	−9 351 000	−5 774 000
Total Equity	6 850 000	47 692 000	13 588 000	3 419 000
Total Long-Term Debt	2 531 000	2 506 000	0	0
Total Current Debt	3 305 000	4 642 000	444 000	2 211 000
Total Equity and Debt	12 686 000	54 840 000	14 032 000	5 630 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	98 000	0	0	0
Other Income	232 000	3 912 000	0	0
Revenue	330 000	3 912 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	141 000	0	0	0
Depreciation	49 000	0	0	0
Impairment	744 000	0	0	0
Expenditure	2 517 000	3 989 000	3 017 000	5 527 000
Operating Profit	−2 187 000	−77 000	−3 017 000	−5 527 000
Financial Income	312 000	3 123 000	1 005 000	2 000
Financial Costs	782 000	3 266 000	1 565 000	242 000
Financial Balance	−470 000	−143 000	−560 000	−240 000
Dividends	0	0	0	0
Net Income	−2 758 000	−220 000	−3 577 000	−5 767 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	5 331 000	0	0	0
Total Intangible Assets	5 493 000	0	0	0
Real Eastate	3 514 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	3 514 000	0	0	0
Total Fiancial Fixed Assets	0	21 554 000	6 005 000	0
Total Fixed Assets	9 007 000	21 554 000	6 005 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 212 000	24 413 000	2 528 000	5 630 000
Total Current Assets	3 679 000	33 287 000	8 027 000	5 630 000
Total Assets	12 686 000	54 841 000	14 032 000	5 630 000
Total Equity	6 850 000	47 692 000	13 588 000	3 419 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 531 000	2 506 000	0	0
Creditors	0	0	0	2 211 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	3 305 000	4 642 000	444 000	0
Total Current Debt	3 305 000	4 642 000	444 000	2 211 000
Total Equity and Debt	12 686 000	54 840 000	14 032 000	5 630 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−40,26 %	−0,46 %	−26,32 %	−168,68 %
Debt-to-Equity Ratio	0,37	0,05	0	0
Operating Profit Margin	−662,73 %	−1,97 %	-	-
Current Ratio	1,11	7,17	18,08	2,55
Quick Ratio	1,11	7,17	18,08	2,55
Equity Ratio	0,54	0,87	0,97	0,61
Gross Profit Margin	100 %	100 %	-	-