BORGEN ENERGY AS

5117 ULSET

Finances

Return on Equity

137,61 %

Current Ratio

0,89

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	0	1 230 000	688 000
Net Income	−161 000	−77 000	98 000
Total Assets	942 000	649 000	326 000
Total Equity	−117 000	45 000	122 000

Income (NOK)	2022	2021	2020
Revenue	0	1 230 000	688 000
Expenditure	794 000	1 303 000	562 000
Operating Profit	−794 000	−73 000	125 000
Financial Income	667 000	0	0
Financial Costs	34 000	4 000	0
Financial Balance	633 000	−4 000	0
Earnings Before Tax	−161 000	−77 000	125 000
Tax	0	0	28 000
Net Income	−161 000	−77 000	98 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	942 000	649 000	326 000
Total Assets	942 000	649 000	326 000
Total Retained Equity	−147 000	15 000	92 000
Total Equity	−117 000	45 000	122 000
Total Long-Term Debt	0	362 000	0
Total Current Debt	1 058 000	242 000	204 000
Total Equity and Debt	942 000	649 000	326 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	1 224 000	688 000
Other Income	0	6 000	0
Revenue	0	1 230 000	688 000
Cost of Goods Sold	0	0	0
Salary Costs	656 000	1 167 000	489 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	794 000	1 303 000	562 000
Operating Profit	−794 000	−73 000	125 000
Financial Income	667 000	0	0
Financial Costs	34 000	4 000	0
Financial Balance	633 000	−4 000	0
Dividends	0	0	0
Net Income	−161 000	−77 000	98 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	385 000	519 000	0
Cash, Bank	516 000	82 000	145 000
Total Current Assets	942 000	649 000	326 000
Total Assets	942 000	649 000	326 000
Total Equity	−117 000	45 000	122 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	362 000	0
Creditors	0	0	9 000
Unpaid Taxes	356 000	79 000	114 000
Dividends	0	0	0
Other Current Debt	703 000	163 000	54 000
Total Current Debt	1 058 000	242 000	204 000
Total Equity and Debt	942 000	649 000	326 000

Financial indicators	2022	2021	2020
Return on Equity	137,61 %	−171,11 %	80,33 %
Debt-to-Equity Ratio	−0	8,04	0
Operating Profit Margin	-	−5,93 %	18,17 %
Current Ratio	0,89	2,68	1,6
Quick Ratio	0,89	2,68	1,6
Equity Ratio	−0,12	0,07	0,37
Gross Profit Margin	-	100 %	100 %