FUTURE ENERGY STORAGE AS

4019 STAVANGER

Finances

Share Ownership

Return on Equity

−1 021,28 %

Current Ratio

1,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	2 309 000	3 962 000	1 563 000
Net Income	−480 000	229 000	3 000
Total Assets	403 000	1 140 000	572 000
Total Equity	47 000	527 000	298 000

Income (NOK)	2022	2021	2020
Revenue	2 309 000	3 962 000	1 563 000
Expenditure	2 796 000	3 658 000	1 560 000
Operating Profit	−486 000	305 000	4 000
Financial Income	14 000	12 000	1 000
Financial Costs	7 000	25 000	1 000
Financial Balance	7 000	−13 000	0
Earnings Before Tax	−480 000	293 000	3 000
Tax	0	64 000	0
Net Income	−480 000	229 000	3 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	39 000	95 000	69 000
Total Current Assets	364 000	1 046 000	503 000
Total Assets	403 000	1 140 000	572 000
Total Retained Equity	−253 000	227 000	3 000
Total Equity	47 000	527 000	298 000
Total Long-Term Debt	0	0	0
Total Current Debt	356 000	614 000	274 000
Total Equity and Debt	403 000	1 140 000	572 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 309 000	3 962 000	1 563 000
Other Income	0	0	0
Revenue	2 309 000	3 962 000	1 563 000
Cost of Goods Sold	5 000	1 131 000	89 000
Salary Costs	1 634 000	1 460 000	824 000
Depreciation	56 000	18 000	6 000
Impairment	0	0	0
Expenditure	2 796 000	3 658 000	1 560 000
Operating Profit	−486 000	305 000	4 000
Financial Income	14 000	12 000	1 000
Financial Costs	7 000	25 000	1 000
Financial Balance	7 000	−13 000	0
Dividends	0	0	0
Net Income	−480 000	229 000	3 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	39 000	54 000	69 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	41 000	0
Total Tangible Assets	0	41 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	39 000	95 000	69 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	215 000	87 000	37 000
Total Current Assets	364 000	1 046 000	503 000
Total Assets	403 000	1 140 000	572 000
Total Equity	47 000	527 000	298 000
Short-Term Group Debt	0	50 000	0
Total Long-Term Debt	0	0	0
Creditors	10 000	184 000	32 000
Unpaid Taxes	165 000	201 000	161 000
Dividends	0	0	0
Other Current Debt	182 000	114 000	81 000
Total Current Debt	356 000	614 000	274 000
Total Equity and Debt	403 000	1 140 000	572 000

Financial indicators	2022	2021	2020
Return on Equity	−1 021,28 %	43,45 %	1,01 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−21,05 %	7,7 %	0,26 %
Current Ratio	1,02	1,7	1,84
Quick Ratio	1,02	1,7	1,84
Equity Ratio	0,12	0,46	0,52
Gross Profit Margin	99,78 %	71,45 %	94,31 %