KINECT ENERGY AS

5072 BERGEN

Finances

Return on Equity

−10,26 %

Current Ratio

1,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	620 345 000	318 452 000	172 336 000	204 994 000
Net Income	−26 240 000	−19 514 000	−12 975 000	7 117 000
Total Assets	1 955 983 000	774 110 000	392 314 000	565 948 000
Total Equity	255 875 000	282 305 000	2 767 000	16 103 000

Income (NOK)	2022	2021	2020	2019
Revenue	620 345 000	318 452 000	172 336 000	204 994 000
Expenditure	600 109 000	343 544 000	243 893 000	216 467 000
Operating Profit	20 236 000	−25 092 000	−71 557 000	−11 473 000
Financial Income	161 574 000	29 539 000	74 705 000	49 896 000
Financial Costs	213 179 000	29 306 000	19 696 000	30 828 000
Financial Balance	−51 605 000	233 000	55 009 000	19 068 000
Earnings Before Tax	−31 369 000	−24 859 000	−16 548 000	7 595 000
Tax	−5 129 000	−5 345 000	−3 573 000	478 000
Net Income	−26 240 000	−19 514 000	−12 975 000	7 117 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	142 470 000	141 924 000	87 529 000	84 010 000
Total Current Assets	1 813 513 000	632 186 000	304 785 000	481 938 000
Total Assets	1 955 983 000	774 110 000	392 314 000	565 948 000
Total Retained Equity	0	−21 204 000	−1 742 000	11 594 000
Total Equity	255 875 000	282 305 000	2 767 000	16 103 000
Total Long-Term Debt	0	211 381 000	315 654 000	358 082 000
Total Current Debt	1 700 108 000	280 423 000	73 892 000	191 763 000
Total Equity and Debt	1 955 983 000	774 109 000	392 313 000	565 948 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	486 959 000	268 443 000	149 112 000	41 110 000
Other Income	133 386 000	50 009 000	23 224 000	163 884 000
Revenue	620 345 000	318 452 000	172 336 000	204 994 000
Cost of Goods Sold	466 530 000	248 492 000	119 559 000	120 849 000
Salary Costs	77 168 000	58 424 000	54 333 000	51 232 000
Depreciation	1 195 000	398 000	215 000	702 000
Impairment	0	0	0	0
Expenditure	600 109 000	343 544 000	243 893 000	216 467 000
Operating Profit	20 236 000	−25 092 000	−71 557 000	−11 473 000
Financial Income	161 574 000	29 539 000	74 705 000	49 896 000
Financial Costs	213 179 000	29 306 000	19 696 000	30 828 000
Financial Balance	−51 605 000	233 000	55 009 000	19 068 000
Dividends	0	0	0	0
Net Income	−26 240 000	−19 514 000	−12 975 000	7 117 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 844 000	14 715 000	9 280 000	5 720 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	757 000	192 000
Fixtures	2 982 000	3 717 000	0	0
Total Tangible Assets	2 982 000	3 717 000	757 000	192 000
Total Fiancial Fixed Assets	119 644 000	123 492 000	77 492 000	78 098 000
Total Fixed Assets	142 470 000	141 924 000	87 529 000	84 010 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	328 229 000	544 805 000	193 211 000	195 827 000
Total Current Assets	1 813 513 000	632 186 000	304 785 000	481 938 000
Total Assets	1 955 983 000	774 110 000	392 314 000	565 948 000
Total Equity	255 875 000	282 305 000	2 767 000	16 103 000
Short-Term Group Debt	1 541 038 000	166 675 000	32 730 000	157 520 000
Total Long-Term Debt	0	211 381 000	315 654 000	358 082 000
Creditors	29 219 000	27 405 000	4 338 000	6 665 000
Unpaid Taxes	18 866 000	11 507 000	6 661 000	9 660 000
Dividends	0	0	0	0
Other Current Debt	110 985 000	74 836 000	30 163 000	17 918 000
Total Current Debt	1 700 108 000	280 423 000	73 892 000	191 763 000
Total Equity and Debt	1 955 983 000	774 109 000	392 313 000	565 948 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,26 %	−6,91 %	−468,92 %	44,2 %
Debt-to-Equity Ratio	0	0,75	114,08	22,24
Operating Profit Margin	3,26 %	−7,88 %	−41,52 %	−5,6 %
Current Ratio	1,07	2,25	4,12	2,51
Quick Ratio	1,07	2,25	4,12	2,51
Equity Ratio	0,13	0,36	0,01	0,03
Gross Profit Margin	24,8 %	21,97 %	30,62 %	41,05 %