ARA ENERGY AS

7011 TRONDHEIM

Finances

Return on Equity

16,39 %

Current Ratio

0,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	13 811 000	9 790 000	0
Net Income	188 000	971 000	−37 000
Total Assets	9 047 000	3 393 000	1 005 000
Total Equity	1 147 000	959 000	−12 000

Income (NOK)	2022	2021	2020
Revenue	13 811 000	9 790 000	0
Expenditure	13 362 000	8 458 000	47 000
Operating Profit	449 000	1 333 000	−47 000
Financial Income	350 000	83 000	37 000
Financial Costs	317 000	180 000	27 000
Financial Balance	33 000	−97 000	10 000
Earnings Before Tax	482 000	1 236 000	−37 000
Tax	294 000	265 000	0
Net Income	188 000	971 000	−37 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	6 818 000	1 859 000	987 000
Total Current Assets	2 229 000	1 535 000	18 000
Total Assets	9 047 000	3 393 000	1 005 000
Total Retained Equity	1 122 000	935 000	−37 000
Total Equity	1 147 000	959 000	−12 000
Total Long-Term Debt	1 000	0	0
Total Current Debt	7 899 000	2 434 000	1 017 000
Total Equity and Debt	9 047 000	3 393 000	1 005 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	13 811 000	9 790 000	0
Revenue	13 811 000	9 790 000	0
Cost of Goods Sold	1 957 000	1 666 000	0
Salary Costs	8 398 000	5 994 000	0
Depreciation	31 000	0	0
Impairment	0	0	0
Expenditure	13 362 000	8 458 000	47 000
Operating Profit	449 000	1 333 000	−47 000
Financial Income	350 000	83 000	37 000
Financial Costs	317 000	180 000	27 000
Financial Balance	33 000	−97 000	10 000
Dividends	0	0	0
Net Income	188 000	971 000	−37 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	2 263 000	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	94 000	0	0
Total Tangible Assets	94 000	0	0
Total Fiancial Fixed Assets	4 461 000	1 859 000	987 000
Total Fixed Assets	6 818 000	1 859 000	987 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	848 000	951 000	18 000
Total Current Assets	2 229 000	1 535 000	18 000
Total Assets	9 047 000	3 393 000	1 005 000
Total Equity	1 147 000	959 000	−12 000
Short-Term Group Debt	3 532 000	288 000	1 016 000
Total Long-Term Debt	1 000	0	0
Creditors	2 581 000	210 000	1 000
Unpaid Taxes	647 000	603 000	0
Dividends	0	0	0
Other Current Debt	1 134 000	1 067 000	0
Total Current Debt	7 899 000	2 434 000	1 017 000
Total Equity and Debt	9 047 000	3 393 000	1 005 000

Financial indicators	2022	2021	2020
Return on Equity	16,39 %	101,25 %	308,33 %
Debt-to-Equity Ratio	0	0	−0
Operating Profit Margin	3,25 %	13,62 %	-
Current Ratio	0,28	0,63	0,02
Quick Ratio	0,28	0,63	0,02
Equity Ratio	0,13	0,28	−0,01
Gross Profit Margin	85,83 %	82,98 %	-