GEOTHERMAL ENERGY NORDIC AS

1366 LYSAKER

Finances

Return on Equity

−100,43 %

Current Ratio

5,97

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 182 000	2 391 000	392 000	0
Net Income	−10 368 000	−6 131 000	127 000	−143 000
Total Assets	12 376 000	22 312 000	418 000	95 000
Total Equity	10 324 000	20 692 000	364 000	−113 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 182 000	2 391 000	392 000	0
Expenditure	13 702 000	8 531 000	264 000	142 000
Operating Profit	−10 520 000	−6 140 000	128 000	−142 000
Financial Income	152 000	21 000	0	0
Financial Costs	0	12 000	1 000	1 000
Financial Balance	152 000	9 000	−1 000	−1 000
Earnings Before Tax	−10 368 000	−6 131 000	127 000	−143 000
Tax	0	0	0	0
Net Income	−10 368 000	−6 131 000	127 000	−143 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	120 000	157 000	0	0
Total Current Assets	12 256 000	22 155 000	418 000	95 000
Total Assets	12 376 000	22 312 000	418 000	95 000
Total Retained Equity	0	−6 146 000	−16 000	−143 000
Total Equity	10 324 000	20 692 000	364 000	−113 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 052 000	1 620 000	54 000	208 000
Total Equity and Debt	12 376 000	22 312 000	418 000	95 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 554 000	1 641 000	392 000	0
Other Income	628 000	750 000	0	0
Revenue	3 182 000	2 391 000	392 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	9 301 000	6 909 000	1 000	6 000
Depreciation	37 000	15 000	0	0
Impairment	0	0	0	0
Expenditure	13 702 000	8 531 000	264 000	142 000
Operating Profit	−10 520 000	−6 140 000	128 000	−142 000
Financial Income	152 000	21 000	0	0
Financial Costs	0	12 000	1 000	1 000
Financial Balance	152 000	9 000	−1 000	−1 000
Dividends	0	0	0	0
Net Income	−10 368 000	−6 131 000	127 000	−143 000

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	120 000	157 000	0	0
Total Tangible Assets	120 000	157 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	120 000	157 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	11 740 000	21 571 000	330 000	36 000
Total Current Assets	12 256 000	22 155 000	418 000	95 000
Total Assets	12 376 000	22 312 000	418 000	95 000
Total Equity	10 324 000	20 692 000	364 000	−113 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	404 000	277 000	4 000	23 000
Unpaid Taxes	727 000	693 000	0	0
Dividends	0	0	0	0
Other Current Debt	921 000	650 000	50 000	10 000
Total Current Debt	2 052 000	1 620 000	54 000	208 000
Total Equity and Debt	12 376 000	22 312 000	418 000	95 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−100,43 %	−29,63 %	34,89 %	126,55 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	−330,61 %	−256,8 %	32,65 %	-
Current Ratio	5,97	13,68	7,74	0,46
Quick Ratio	5,97	13,68	7,74	0,46
Equity Ratio	0,83	0,93	0,87	−1,19
Gross Profit Margin	100 %	100 %	100 %	-