NORWEGIAN HYDROGEN AS

6002 ÅLESUND

Finances

Return on Equity

−82,15 %

Current Ratio

6,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	18 065 000	3 139 000	3 595 000
Net Income	−61 514 000	−14 837 000	−2 664 000
Total Assets	85 971 000	53 359 000	13 084 000
Total Equity	74 883 000	42 693 000	11 630 000

Income (NOK)	2022	2021	2020
Revenue	18 065 000	3 139 000	3 595 000
Expenditure	79 949 000	17 975 000	6 260 000
Operating Profit	−61 884 000	−14 837 000	−2 665 000
Financial Income	807 000	0	0
Financial Costs	437 000	0	0
Financial Balance	370 000	0	0
Earnings Before Tax	−61 514 000	−14 837 000	−2 664 000
Tax	0	0	0
Net Income	−61 514 000	−14 837 000	−2 664 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	14 480 000	8 939 000	0
Total Current Assets	71 491 000	44 420 000	13 084 000
Total Assets	85 971 000	53 359 000	13 084 000
Total Retained Equity	0	0	0
Total Equity	74 883 000	42 693 000	11 630 000
Total Long-Term Debt	0	0	0
Total Current Debt	11 088 000	10 666 000	1 454 000
Total Equity and Debt	85 971 000	53 359 000	13 084 000

Cash flow (NOK)	2022	2021	2020
Sales Income	188 000	0	0
Other Income	17 877 000	3 139 000	3 595 000
Revenue	18 065 000	3 139 000	3 595 000
Cost of Goods Sold	0	0	0
Salary Costs	21 131 000	5 862 000	0
Depreciation	331 000	8 000	0
Impairment	35 255 000	0	0
Expenditure	79 949 000	17 975 000	6 260 000
Operating Profit	−61 884 000	−14 837 000	−2 665 000
Financial Income	807 000	0	0
Financial Costs	437 000	0	0
Financial Balance	370 000	0	0
Dividends	0	0	0
Net Income	−61 514 000	−14 837 000	−2 664 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	6 070 000	6 270 000	0
Machinery and Plant Facilities	0	0	0
Fixtures	1 631 000	110 000	0
Total Tangible Assets	7 701 000	6 380 000	0
Total Fiancial Fixed Assets	6 779 000	2 559 000	0
Total Fixed Assets	14 480 000	8 939 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	69 728 000	43 566 000	11 204 000
Total Current Assets	71 491 000	44 420 000	13 084 000
Total Assets	85 971 000	53 359 000	13 084 000
Total Equity	74 883 000	42 693 000	11 630 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	3 704 000	1 970 000	1 260 000
Unpaid Taxes	1 518 000	1 689 000	0
Dividends	0	0	0
Other Current Debt	5 866 000	7 008 000	194 000
Total Current Debt	11 088 000	10 666 000	1 454 000
Total Equity and Debt	85 971 000	53 359 000	13 084 000

Financial indicators	2022	2021	2020
Return on Equity	−82,15 %	−34,75 %	−22,91 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−342,56 %	−472,67 %	−74,13 %
Current Ratio	6,45	4,16	9
Quick Ratio	6,45	4,16	9
Equity Ratio	0,87	0,8	0,89
Gross Profit Margin	100 %	100 %	100 %