NORWEGIAN ENERGY EXPERTS AS

0283 OSLO

Finances

Return on Equity

3,37 %

Current Ratio

26,12

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	713 000	415 000	479 000	0
Net Income	66 000	34 000	20 000	−114 000
Total Assets	2 037 000	297 000	190 000	56 000
Total Equity	1 960 000	143 000	109 000	53 000

Income (NOK)	2022	2021	2020	2019
Revenue	713 000	415 000	479 000	0
Expenditure	655 000	381 000	459 000	46 000
Operating Profit	58 000	34 000	20 000	−46 000
Financial Income	8 000	0	0	1 000
Financial Costs	0	0	0	69 000
Financial Balance	8 000	0	0	−68 000
Earnings Before Tax	66 000	34 000	20 000	−114 000
Tax	0	0	0	0
Net Income	66 000	34 000	20 000	−114 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	2 037 000	297 000	190 000	56 000
Total Assets	2 037 000	297 000	190 000	56 000
Total Retained Equity	−976 000	−1 043 000	−1 077 000	−1 083 000
Total Equity	1 960 000	143 000	109 000	53 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	78 000	154 000	81 000	3 000
Total Equity and Debt	2 037 000	297 000	190 000	56 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	713 000	415 000	479 000	0
Other Income	0	0	0	0
Revenue	713 000	415 000	479 000	0
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	655 000	381 000	459 000	46 000
Operating Profit	58 000	34 000	20 000	−46 000
Financial Income	8 000	0	0	1 000
Financial Costs	0	0	0	69 000
Financial Balance	8 000	0	0	−68 000
Dividends	0	0	0	0
Net Income	66 000	34 000	20 000	−114 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 961 000	133 000	109 000	28 000
Total Current Assets	2 037 000	297 000	190 000	56 000
Total Assets	2 037 000	297 000	190 000	56 000
Total Equity	1 960 000	143 000	109 000	53 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	72 000	150 000	77 000	0
Unpaid Taxes	6 000	4 000	4 000	−1 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	4 000
Total Current Debt	78 000	154 000	81 000	3 000
Total Equity and Debt	2 037 000	297 000	190 000	56 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,37 %	23,78 %	18,35 %	−215,09 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,13 %	8,19 %	4,18 %	-
Current Ratio	26,12	1,93	2,35	18,67
Quick Ratio	26,12	1,93	2,35	18,67
Equity Ratio	0,96	0,48	0,57	0,95
Gross Profit Margin	100 %	100 %	100 %	-