REC SOLAR HOLDINGS AS

4847 ARENDAL

Finances

Return on Equity

−0,95 %

Current Ratio

0,01

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 026 000	7 982 000	4 300 000	0
Net Income	780 000	−328 562 000	−67 201 000	−102 270 000
Total Assets	146 099 000	120 488 000	327 815 000	385 179 000
Total Equity	−81 761 000	−82 541 000	48 491 000	115 692 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 026 000	7 982 000	4 300 000	0
Expenditure	414 000	840 000	279 000	752 000
Operating Profit	4 612 000	7 142 000	4 021 000	−752 000
Financial Income	2 963 000	859 000	89 000	1 477 000
Financial Costs	6 795 000	336 562 000	71 312 000	103 023 000
Financial Balance	−3 832 000	−335 703 000	−71 223 000	−101 546 000
Earnings Before Tax	780 000	−328 562 000	−67 201 000	−102 298 000
Tax	0	0	0	−28 000
Net Income	780 000	−328 562 000	−67 201 000	−102 270 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	142 960 000	116 112 000	319 942 000	380 442 000
Total Current Assets	3 139 000	4 376 000	7 873 000	4 737 000
Total Assets	146 099 000	120 488 000	327 815 000	385 179 000
Total Retained Equity	−532 166 000	−532 946 000	−204 385 000	−137 183 000
Total Equity	−81 761 000	−82 541 000	48 491 000	115 692 000
Total Long-Term Debt	0	0	150 000 000	150 000 000
Total Current Debt	227 860 000	203 029 000	129 325 000	119 487 000
Total Equity and Debt	146 099 000	120 488 000	327 815 000	385 179 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	5 026 000	7 982 000	4 300 000	0
Revenue	5 026 000	7 982 000	4 300 000	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	414 000	840 000	279 000	752 000
Operating Profit	4 612 000	7 142 000	4 021 000	−752 000
Financial Income	2 963 000	859 000	89 000	1 477 000
Financial Costs	6 795 000	336 562 000	71 312 000	103 023 000
Financial Balance	−3 832 000	−335 703 000	−71 223 000	−101 546 000
Dividends	0	0	0	0
Net Income	780 000	−328 562 000	−67 201 000	−102 270 000

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	142 960 000	116 112 000	319 942 000	380 442 000
Total Fixed Assets	142 960 000	116 112 000	319 942 000	380 442 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	296 000	178 000	346 000	1 219 000
Total Current Assets	3 139 000	4 376 000	7 873 000	4 737 000
Total Assets	146 099 000	120 488 000	327 815 000	385 179 000
Total Equity	−81 761 000	−82 541 000	48 491 000	115 692 000
Short-Term Group Debt	227 640 000	202 685 000	128 671 000	118 145 000
Total Long-Term Debt	0	0	150 000 000	150 000 000
Creditors	38 000	5 000	9 000	106 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	183 000	339 000	645 000	1 236 000
Total Current Debt	227 860 000	203 029 000	129 325 000	119 487 000
Total Equity and Debt	146 099 000	120 488 000	327 815 000	385 179 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,95 %	398,06 %	−138,58 %	−88,4 %
Debt-to-Equity Ratio	−0	−0	3,09	1,3
Operating Profit Margin	91,76 %	89,48 %	93,51 %	-
Current Ratio	0,01	0,02	0,06	0,04
Quick Ratio	0,01	0,02	0,06	0,04
Equity Ratio	−0,56	−0,69	0,15	0,3
Gross Profit Margin	100 %	100 %	100 %	-