W. GIERTSEN ENERGY PROJECT FINANCE AS

5165 LAKSEVÅG

Finances

Share Ownership

Return on Equity

−8,99 %

Current Ratio

49,48

Debt-to-Equity Ratio

1,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	54 000	369 000	141 000
Net Income	−272 000	−374 000	−199 000	−15 000
Total Assets	7 949 000	8 460 000	3 745 000	5 622 000
Total Equity	3 024 000	3 296 000	3 670 000	3 869 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	54 000	369 000	141 000
Expenditure	74 000	489 000	779 000	189 000
Operating Profit	−74 000	−435 000	−410 000	−48 000
Financial Income	757 000	239 000	196 000	38 000
Financial Costs	1 031 000	284 000	42 000	9 000
Financial Balance	−274 000	−45 000	154 000	29 000
Earnings Before Tax	−348 000	−479 000	−256 000	−19 000
Tax	−77 000	−105 000	−56 000	−4 000
Net Income	−272 000	−374 000	−199 000	−15 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 655 000	199 000	1 599 000	1 862 000
Total Current Assets	5 294 000	8 262 000	2 147 000	3 760 000
Total Assets	7 949 000	8 460 000	3 745 000	5 622 000
Total Retained Equity	−976 000	−704 000	−330 000	−131 000
Total Equity	3 024 000	3 296 000	3 670 000	3 869 000
Total Long-Term Debt	4 818 000	5 071 000	0	0
Total Current Debt	107 000	93 000	76 000	1 753 000
Total Equity and Debt	7 949 000	8 460 000	3 745 000	5 622 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	54 000	369 000	141 000
Other Income	0	0	0	0
Revenue	0	54 000	369 000	141 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	323 000	89 000
Impairment	0	0	0	0
Expenditure	74 000	489 000	779 000	189 000
Operating Profit	−74 000	−435 000	−410 000	−48 000
Financial Income	757 000	239 000	196 000	38 000
Financial Costs	1 031 000	284 000	42 000	9 000
Financial Balance	−274 000	−45 000	154 000	29 000
Dividends	0	0	0	0
Net Income	−272 000	−374 000	−199 000	−15 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	275 000	199 000	93 000	37 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	1 506 000	1 825 000
Fixtures	0	0	0	0
Total Tangible Assets	0	0	1 506 000	1 825 000
Total Fiancial Fixed Assets	2 379 000	0	0	0
Total Fixed Assets	2 655 000	199 000	1 599 000	1 862 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 401 000	5 071 000	0	0
Total Current Assets	5 294 000	8 262 000	2 147 000	3 760 000
Total Assets	7 949 000	8 460 000	3 745 000	5 622 000
Total Equity	3 024 000	3 296 000	3 670 000	3 869 000
Short-Term Group Debt	0	9 000	9 000	1 735 000
Total Long-Term Debt	4 818 000	5 071 000	0	0
Creditors	18 000	33 000	12 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	89 000	52 000	54 000	18 000
Total Current Debt	107 000	93 000	76 000	1 753 000
Total Equity and Debt	7 949 000	8 460 000	3 745 000	5 622 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,99 %	−11,35 %	−5,42 %	−0,39 %
Debt-to-Equity Ratio	1,59	1,54	0	0
Operating Profit Margin	-	−805,56 %	−111,11 %	−34,04 %
Current Ratio	49,48	88,84	28,25	2,14
Quick Ratio	49,48	88,84	28,25	2,14
Equity Ratio	0,38	0,39	0,98	0,69
Gross Profit Margin	-	100 %	100 %	100 %