REEN AS

3264 LARVIK

Finances

Share Ownership

Return on Equity

−189,41 %

Current Ratio

1,38

Debt-to-Equity Ratio

2,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 892 000	13 925 000	1 993 000	142 000
Net Income	−25 629 000	−11 890 000	−376 000	55 000
Total Assets	53 850 000	50 354 000	4 800 000	2 579 000
Total Equity	13 531 000	14 101 000	1 029 000	85 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 892 000	13 925 000	1 993 000	142 000
Expenditure	47 172 000	25 296 000	2 253 000	67 000
Operating Profit	−23 279 000	−11 370 000	−260 000	75 000
Financial Income	499 000	479 000	2 000	0
Financial Costs	2 848 000	998 000	118 000	19 000
Financial Balance	−2 349 000	−519 000	−116 000	−19 000
Earnings Before Tax	−25 629 000	−11 890 000	−376 000	55 000
Tax	0	0	0	0
Net Income	−25 629 000	−11 890 000	−376 000	55 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	43 862 000	39 420 000	3 802 000	278 000
Total Current Assets	9 988 000	10 934 000	998 000	2 301 000
Total Assets	53 850 000	50 354 000	4 800 000	2 579 000
Total Retained Equity	−11 599 000	0	−321 000	55 000
Total Equity	13 531 000	14 101 000	1 029 000	85 000
Total Long-Term Debt	33 089 000	26 429 000	2 137 000	1 820 000
Total Current Debt	7 230 000	9 824 000	1 633 000	674 000
Total Equity and Debt	53 850 000	50 354 000	4 800 000	2 579 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 504 000	13 925 000	1 993 000	142 000
Other Income	3 388 000	0	0	0
Revenue	23 892 000	13 925 000	1 993 000	142 000
Cost of Goods Sold	9 187 000	4 452 000	1 138 000	48 000
Salary Costs	10 577 000	3 265 000	0	0
Depreciation	6 064 000	1 964 000	322 000	0
Impairment	0	0	0	0
Expenditure	47 172 000	25 296 000	2 253 000	67 000
Operating Profit	−23 279 000	−11 370 000	−260 000	75 000
Financial Income	499 000	479 000	2 000	0
Financial Costs	2 848 000	998 000	118 000	19 000
Financial Balance	−2 349 000	−519 000	−116 000	−19 000
Dividends	0	0	0	0
Net Income	−25 629 000	−11 890 000	−376 000	55 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	30 738 000	26 496 000	3 802 000	278 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	578 000	538 000	0	0
Total Tangible Assets	578 000	538 000	0	0
Total Fiancial Fixed Assets	12 546 000	12 386 000	0	0
Total Fixed Assets	43 862 000	39 420 000	3 802 000	278 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 553 000	3 235 000	41 000	1 580 000
Total Current Assets	9 988 000	10 934 000	998 000	2 301 000
Total Assets	53 850 000	50 354 000	4 800 000	2 579 000
Total Equity	13 531 000	14 101 000	1 029 000	85 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	33 089 000	26 429 000	2 137 000	1 820 000
Creditors	2 245 000	1 975 000	1 476 000	631 000
Unpaid Taxes	838 000	526 000	16 000	0
Dividends	0	0	0	0
Other Current Debt	4 147 000	7 322 000	142 000	43 000
Total Current Debt	7 230 000	9 824 000	1 633 000	674 000
Total Equity and Debt	53 850 000	50 354 000	4 800 000	2 579 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−189,41 %	−84,32 %	−36,54 %	64,71 %
Debt-to-Equity Ratio	2,45	1,87	2,08	21,41
Operating Profit Margin	−97,43 %	−81,65 %	−13,05 %	52,82 %
Current Ratio	1,38	1,11	0,61	3,41
Quick Ratio	1,38	1,11	0,61	3,41
Equity Ratio	0,25	0,28	0,21	0,03
Gross Profit Margin	61,55 %	68,03 %	42,9 %	66,2 %