INCREASED OIL RECOVERY AS

0161 OSLO

Finances

Return on Equity

−9,24 %

Current Ratio

112,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	5 000
Net Income	−33 677 000	−45 793 000	134 226 000	−36 014 000
Total Assets	365 524 000	400 222 000	0	355 091 000
Total Equity	364 407 000	398 508 000	0	341 777 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	5 000
Expenditure	149 000	167 000	128 000	217 000
Operating Profit	−149 000	−167 000	−128 000	−212 000
Financial Income	299 000	21 869 000	135 167 000	10 615 000
Financial Costs	33 134 000	66 883 000	1 000	45 688 000
Financial Balance	−32 835 000	−45 014 000	135 166 000	−35 073 000
Earnings Before Tax	−32 984 000	−45 181 000	135 038 000	−35 285 000
Tax	692 000	612 000	812 000	729 000
Net Income	−33 677 000	−45 793 000	134 226 000	−36 014 000

Balance (NOK)	2022	2021	2019
Total Fixed Assets	239 947 000	269 947 000	201 648 000
Total Current Assets	125 577 000	130 275 000	153 444 000
Total Assets	365 524 000	400 222 000	355 091 000
Total Retained Equity	279 407 000	313 508 000	256 777 000
Total Equity	364 407 000	398 508 000	341 777 000
Total Long-Term Debt	0	0	0
Total Current Debt	1 117 000	1 714 000	13 314 000
Total Equity and Debt	365 524 000	400 222 000	355 091 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	5 000
Other Income	0	0	0	0
Revenue	0	0	0	5 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	149 000	167 000	128 000	217 000
Operating Profit	−149 000	−167 000	−128 000	−212 000
Financial Income	299 000	21 869 000	135 167 000	10 615 000
Financial Costs	33 134 000	66 883 000	1 000	45 688 000
Financial Balance	−32 835 000	−45 014 000	135 166 000	−35 073 000
Dividends	0	0	20 400 000	0
Net Income	−33 677 000	−45 793 000	134 226 000	−36 014 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	239 947 000	269 947 000	0	201 648 000
Total Fixed Assets	239 947 000	269 947 000	0	201 648 000
Stock	0	0	0	0
Total Investments	26 565 000	34 270 000	0	24 772 000
Cash, Bank	44 880 000	43 291 000	0	24 625 000
Total Current Assets	125 577 000	130 275 000	0	153 444 000
Total Assets	365 524 000	400 222 000	0	355 091 000
Total Equity	364 407 000	398 508 000	0	341 777 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	3 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	20 400 000	0
Other Current Debt	544 000	1 412 000	0	3 312 000
Total Current Debt	1 117 000	1 714 000	0	13 314 000
Total Equity and Debt	365 524 000	400 222 000	0	355 091 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,24 %	−11,49 %	-	−10,54 %
Debt-to-Equity Ratio	0	0	-	0
Operating Profit Margin	-	-	-	−4 240 %
Current Ratio	112,42	76,01	-	11,53
Quick Ratio	112,42	76,01	-	11,53
Equity Ratio	1	1	-	0,96
Gross Profit Margin	-	-	-	100 %