VOLCANIC BASIN ENERGY RESEARCH AS

0361 OSLO

Finances

Return on Equity

−5,97 %

Current Ratio

4,17

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 580 000	8 257 000	11 430 000	17 818 000
Net Income	−1 165 000	−1 453 000	−2 385 000	4 486 000
Total Assets	22 083 000	22 799 000	24 311 000	26 556 000
Total Equity	19 527 000	20 692 000	22 145 000	24 530 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 580 000	8 257 000	11 430 000	17 818 000
Expenditure	12 496 000	9 467 000	14 599 000	14 227 000
Operating Profit	−1 916 000	−1 211 000	−3 169 000	3 591 000
Financial Income	1 133 000	626 000	1 795 000	1 286 000
Financial Costs	381 000	868 000	1 011 000	391 000
Financial Balance	752 000	−242 000	784 000	895 000
Earnings Before Tax	−1 165 000	−1 453 000	−2 385 000	4 486 000
Tax	0	0	0	0
Net Income	−1 165 000	−1 453 000	−2 385 000	4 486 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 419 000	11 601 000	12 177 000	909 000
Total Current Assets	10 664 000	11 198 000	12 134 000	25 647 000
Total Assets	22 083 000	22 799 000	24 311 000	26 556 000
Total Retained Equity	19 427 000	20 592 000	22 045 000	24 430 000
Total Equity	19 527 000	20 692 000	22 145 000	24 530 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 556 000	2 107 000	2 166 000	2 026 000
Total Equity and Debt	22 083 000	22 799 000	24 311 000	26 556 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 576 000	7 748 000	11 430 000	17 818 000
Other Income	4 000	509 000	0	0
Revenue	10 580 000	8 257 000	11 430 000	17 818 000
Cost of Goods Sold	1 686 000	1 629 000	1 429 000	2 468 000
Salary Costs	4 904 000	3 875 000	6 211 000	5 715 000
Depreciation	260 000	296 000	292 000	212 000
Impairment	0	0	0	0
Expenditure	12 496 000	9 467 000	14 599 000	14 227 000
Operating Profit	−1 916 000	−1 211 000	−3 169 000	3 591 000
Financial Income	1 133 000	626 000	1 795 000	1 286 000
Financial Costs	381 000	868 000	1 011 000	391 000
Financial Balance	752 000	−242 000	784 000	895 000
Dividends	0	0	0	0
Net Income	−1 165 000	−1 453 000	−2 385 000	4 486 000

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	282 000	542 000	838 000	458 000
Total Tangible Assets	282 000	542 000	838 000	458 000
Total Fiancial Fixed Assets	11 137 000	11 059 000	11 338 000	451 000
Total Fixed Assets	11 419 000	11 601 000	12 177 000	909 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 500 000	3 073 000	4 978 000	3 510 000
Total Current Assets	10 664 000	11 198 000	12 134 000	25 647 000
Total Assets	22 083 000	22 799 000	24 311 000	26 556 000
Total Equity	19 527 000	20 692 000	22 145 000	24 530 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 591 000	1 105 000	155 000	502 000
Unpaid Taxes	396 000	356 000	502 000	826 000
Dividends	0	0	0	0
Other Current Debt	569 000	646 000	1 510 000	698 000
Total Current Debt	2 556 000	2 107 000	2 166 000	2 026 000
Total Equity and Debt	22 083 000	22 799 000	24 311 000	26 556 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,97 %	−7,02 %	−10,77 %	18,29 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−18,11 %	−14,67 %	−27,73 %	20,15 %
Current Ratio	4,17	5,31	5,6	12,66
Quick Ratio	4,17	5,31	5,6	12,66
Equity Ratio	0,88	0,91	0,91	0,92
Gross Profit Margin	84,06 %	80,27 %	87,5 %	86,15 %