VARANGER KRAFTHYDROGEN AS

9800 VADSØ

Finances

Share Ownership

Return on Equity

−13,33 %

Current Ratio

3,45

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 258 000	2 905 000	675 000	630 000
Net Income	−2 893 000	−2 333 000	−1 119 000	−602 000
Total Assets	23 249 000	23 350 000	17 668 000	24 190 000
Total Equity	21 702 000	21 545 000	9 641 000	9 641 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 258 000	2 905 000	675 000	630 000
Expenditure	6 699 000	5 871 000	2 119 000	1 413 000
Operating Profit	−3 441 000	−2 965 000	−1 444 000	−783 000
Financial Income	0	1 000	9 000	9 000
Financial Costs	268 000	21 000	0	0
Financial Balance	−268 000	−20 000	9 000	9 000
Earnings Before Tax	−3 709 000	−2 985 000	−1 435 000	−774 000
Tax	−816 000	−652 000	−316 000	−172 000
Net Income	−2 893 000	−2 333 000	−1 119 000	−602 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 456 000	14 391 000	14 486 000	12 189 000
Total Current Assets	4 793 000	8 959 000	3 182 000	12 001 000
Total Assets	23 249 000	23 350 000	17 668 000	24 190 000
Total Retained Equity	0	−2 333 000	0	0
Total Equity	21 702 000	21 545 000	9 641 000	9 641 000
Total Long-Term Debt	155 000	111 000	7 124 000	4 412 000
Total Current Debt	1 391 000	1 694 000	902 000	10 138 000
Total Equity and Debt	23 249 000	23 350 000	17 667 000	24 191 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 862 000	2 109 000	0	630 000
Other Income	396 000	796 000	675 000	0
Revenue	3 258 000	2 905 000	675 000	630 000
Cost of Goods Sold	0	590 000	0	0
Salary Costs	2 969 000	2 132 000	1 384 000	800 000
Depreciation	349 000	87 000	0	0
Impairment	0	0	0	0
Expenditure	6 699 000	5 871 000	2 119 000	1 413 000
Operating Profit	−3 441 000	−2 965 000	−1 444 000	−783 000
Financial Income	0	1 000	9 000	9 000
Financial Costs	268 000	21 000	0	0
Financial Balance	−268 000	−20 000	9 000	9 000
Dividends	0	0	0	0
Net Income	−2 893 000	−2 333 000	−1 119 000	−602 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	18 456 000	14 391 000	14 486 000	12 189 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	18 456 000	14 391 000	14 486 000	12 189 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	18 456 000	14 391 000	14 486 000	12 189 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	88 000	78 000	68 000	49 000
Total Current Assets	4 793 000	8 959 000	3 182 000	12 001 000
Total Assets	23 249 000	23 350 000	17 668 000	24 190 000
Total Equity	21 702 000	21 545 000	9 641 000	9 641 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	155 000	111 000	7 124 000	4 412 000
Creditors	793 000	1 408 000	680 000	411 000
Unpaid Taxes	297 000	79 000	68 000	49 000
Dividends	0	0	0	0
Other Current Debt	301 000	207 000	154 000	9 678 000
Total Current Debt	1 391 000	1 694 000	902 000	10 138 000
Total Equity and Debt	23 249 000	23 350 000	17 667 000	24 191 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,33 %	−10,83 %	−11,61 %	−6,24 %
Debt-to-Equity Ratio	0,01	0,01	0,74	0,46
Operating Profit Margin	−105,62 %	−102,07 %	−213,93 %	−124,29 %
Current Ratio	3,45	5,29	3,53	1,18
Quick Ratio	3,45	5,29	3,53	1,18
Equity Ratio	0,93	0,92	0,55	0,4
Gross Profit Margin	100 %	79,69 %	100 %	100 %