ARIEL ENERGY AS

5238 RÅDAL

Finances

Share Ownership

Return on Equity

−14,05 %

Current Ratio

5,65

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	52 000	3 000	20 000
Net Income	−189 000	−46 000	84 000	2 000
Total Assets	1 608 000	268 000	113 000	40 000
Total Equity	1 345 000	64 000	110 000	26 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	52 000	3 000	20 000
Expenditure	168 000	90 000	12 000	18 000
Operating Profit	−168 000	−39 000	−9 000	2 000
Financial Income	1 000	0	93 000	0
Financial Costs	21 000	7 000	0	0
Financial Balance	−20 000	−7 000	93 000	0
Earnings Before Tax	−189 000	−46 000	84 000	2 000
Tax	0	0	0	0
Net Income	−189 000	−46 000	84 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	122 000	184 000	0	20 000
Total Current Assets	1 487 000	84 000	113 000	20 000
Total Assets	1 608 000	268 000	113 000	40 000
Total Retained Equity	−155 000	34 000	80 000	2 000
Total Equity	1 345 000	64 000	110 000	26 000
Total Long-Term Debt	0	183 000	0	0
Total Current Debt	263 000	21 000	3 000	14 000
Total Equity and Debt	1 608 000	268 000	113 000	40 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	52 000	3 000	20 000
Other Income	0	0	0	0
Revenue	0	52 000	3 000	20 000
Cost of Goods Sold	0	0	0	4 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	168 000	90 000	12 000	18 000
Operating Profit	−168 000	−39 000	−9 000	2 000
Financial Income	1 000	0	93 000	0
Financial Costs	21 000	7 000	0	0
Financial Balance	−20 000	−7 000	93 000	0
Dividends	0	0	0	0
Net Income	−189 000	−46 000	84 000	2 000

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	122 000	184 000	0	0
Total Tangible Assets	122 000	184 000	0	0
Total Fiancial Fixed Assets	0	0	0	20 000
Total Fixed Assets	122 000	184 000	0	20 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 476 000	73 000	110 000	13 000
Total Current Assets	1 487 000	84 000	113 000	20 000
Total Assets	1 608 000	268 000	113 000	40 000
Total Equity	1 345 000	64 000	110 000	26 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	183 000	0	0
Creditors	4 000	11 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	259 000	11 000	3 000	14 000
Total Current Debt	263 000	21 000	3 000	14 000
Total Equity and Debt	1 608 000	268 000	113 000	40 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,05 %	−71,88 %	76,36 %	7,69 %
Debt-to-Equity Ratio	0	2,86	0	0
Operating Profit Margin	-	−75 %	−300 %	10 %
Current Ratio	5,65	4	37,67	1,43
Quick Ratio	5,65	4	37,67	1,43
Equity Ratio	0,84	0,24	0,97	0,65
Gross Profit Margin	-	100 %	100 %	80 %