GEN2 ENERGY AS

3184 BORRE

Finances

Return on Equity

−38,9 %

Current Ratio

12,46

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 153 000	1 743 000	0	95 000
Net Income	−56 509 000	−23 929 000	−24 000	−5 000
Total Assets	156 022 000	55 691 000	219 000	95 000
Total Equity	145 255 000	51 127 000	219 000	95 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 153 000	1 743 000	0	95 000
Expenditure	57 984 000	25 653 000	24 000	100 000
Operating Profit	−56 830 000	−23 909 000	−24 000	−5 000
Financial Income	432 000	5 000	0	0
Financial Costs	111 000	25 000	0	0
Financial Balance	321 000	−20 000	0	0
Earnings Before Tax	−56 509 000	−23 929 000	−24 000	−5 000
Tax	0	0	0	0
Net Income	−56 509 000	−23 929 000	−24 000	−5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 848 000	21 108 000	0	0
Total Current Assets	134 173 000	34 583 000	219 000	95 000
Total Assets	156 022 000	55 691 000	219 000	95 000
Total Retained Equity	−80 467 000	−23 958 000	−29 000	0
Total Equity	145 255 000	51 127 000	219 000	95 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	10 767 000	4 564 000	0	0
Total Equity and Debt	156 022 000	55 691 000	219 000	95 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 000	0	0	95 000
Other Income	1 147 000	1 743 000	0	0
Revenue	1 153 000	1 743 000	0	95 000
Cost of Goods Sold	0	0	0	91 000
Salary Costs	24 642 000	12 148 000	0	0
Depreciation	172 000	95 000	0	0
Impairment	0	0	0	0
Expenditure	57 984 000	25 653 000	24 000	100 000
Operating Profit	−56 830 000	−23 909 000	−24 000	−5 000
Financial Income	432 000	5 000	0	0
Financial Costs	111 000	25 000	0	0
Financial Balance	321 000	−20 000	0	0
Dividends	0	0	0	0
Net Income	−56 509 000	−23 929 000	−24 000	−5 000

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	337 000	248 000	0	0
Total Tangible Assets	337 000	248 000	0	0
Total Fiancial Fixed Assets	21 512 000	20 860 000	0	0
Total Fixed Assets	21 848 000	21 108 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	123 020 000	30 867 000	69 000	95 000
Total Current Assets	134 173 000	34 583 000	219 000	95 000
Total Assets	156 022 000	55 691 000	219 000	95 000
Total Equity	145 255 000	51 127 000	219 000	95 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 800 000	1 263 000	0	0
Unpaid Taxes	2 752 000	1 470 000	0	0
Dividends	0	0	0	0
Other Current Debt	2 214 000	1 832 000	0	0
Total Current Debt	10 767 000	4 564 000	0	0
Total Equity and Debt	156 022 000	55 691 000	219 000	95 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−38,9 %	−46,8 %	−10,96 %	−5,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−4 928,88 %	−1 371,72 %	-	−5,26 %
Current Ratio	12,46	7,58	-	-
Quick Ratio	12,46	7,58	-	-
Equity Ratio	0,93	0,92	1	1
Gross Profit Margin	100 %	100 %	-	4,21 %