NORHYBRID RENEWABLES AS

3936 PORSGRUNN

Finances

Return on Equity

−252,08 %

Current Ratio

3,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 348 000	650 000	255 000
Net Income	−7 265 000	−3 956 000	−3 000
Total Assets	4 169 000	5 518 000	144 000
Total Equity	2 882 000	−3 935 000	21 000

Income (NOK)	2022	2021	2020
Revenue	1 348 000	650 000	255 000
Expenditure	8 788 000	4 410 000	258 000
Operating Profit	−7 440 000	−3 762 000	−3 000
Financial Income	180 000	10 000	0
Financial Costs	5 000	204 000	1 000
Financial Balance	175 000	−194 000	−1 000
Earnings Before Tax	−7 265 000	−3 956 000	−3 000
Tax	0	0	0
Net Income	−7 265 000	−3 956 000	−3 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	124 000	153 000	18 000
Total Current Assets	4 045 000	5 365 000	126 000
Total Assets	4 169 000	5 518 000	144 000
Total Retained Equity	−11 224 000	−3 959 000	−3 000
Total Equity	2 882 000	−3 935 000	21 000
Total Long-Term Debt	0	8 836 000	0
Total Current Debt	1 286 000	616 000	123 000
Total Equity and Debt	4 169 000	5 518 000	144 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	218 000	255 000
Other Income	1 348 000	432 000	0
Revenue	1 348 000	650 000	255 000
Cost of Goods Sold	0	623 000	0
Salary Costs	5 332 000	290 000	73 000
Depreciation	26 000	5 000	0
Impairment	0	0	0
Expenditure	8 788 000	4 410 000	258 000
Operating Profit	−7 440 000	−3 762 000	−3 000
Financial Income	180 000	10 000	0
Financial Costs	5 000	204 000	1 000
Financial Balance	175 000	−194 000	−1 000
Dividends	0	0	0
Net Income	−7 265 000	−3 956 000	−3 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	16 000	20 000	0
Real Eastate	0	62 000	18 000
Machinery and Plant Facilities	0	0	0
Fixtures	78 000	41 000	0
Total Tangible Assets	78 000	103 000	18 000
Total Fiancial Fixed Assets	30 000	30 000	0
Total Fixed Assets	124 000	153 000	18 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	3 722 000	4 104 000	82 000
Total Current Assets	4 045 000	5 365 000	126 000
Total Assets	4 169 000	5 518 000	144 000
Total Equity	2 882 000	−3 935 000	21 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	8 836 000	0
Creditors	372 000	464 000	5 000
Unpaid Taxes	344 000	82 000	34 000
Dividends	0	0	0
Other Current Debt	570 000	70 000	84 000
Total Current Debt	1 286 000	616 000	123 000
Total Equity and Debt	4 169 000	5 518 000	144 000

Financial indicators	2022	2021	2020
Return on Equity	−252,08 %	100,53 %	−14,29 %
Debt-to-Equity Ratio	0	−2,25	0
Operating Profit Margin	−551,93 %	−578,77 %	−1,18 %
Current Ratio	3,15	8,71	1,02
Quick Ratio	3,15	8,71	1,02
Equity Ratio	0,69	−0,71	0,15
Gross Profit Margin	100 %	4,15 %	100 %