ARES TURBINE AS

3550 GOL

Finances

Return on Equity

5,21 %

Current Ratio

Debt-to-Equity Ratio

−1,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−299 000	−149 000	−151 000	−321 000
Total Assets	104 000	289 000	375 000	293 000
Total Equity	−5 739 000	−5 439 000	−5 290 000	−5 289 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	110 000	149 000	150 000	316 000
Operating Profit	−110 000	−149 000	−150 000	−316 000
Financial Income	0	0	0	0
Financial Costs	189 000	0	1 000	5 000
Financial Balance	−189 000	0	−1 000	−5 000
Earnings Before Tax	−299 000	−149 000	−151 000	−321 000
Tax	0	0	0	0
Net Income	−299 000	−149 000	−151 000	−321 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	100 000	100 000	100 000	100 000
Total Current Assets	4 000	189 000	275 000	193 000
Total Assets	104 000	289 000	375 000	293 000
Total Retained Equity	−6 086 000	−5 786 000	−5 637 000	−5 486 000
Total Equity	−5 739 000	−5 439 000	−5 290 000	−5 289 000
Total Long-Term Debt	5 842 000	5 726 000	5 664 000	5 447 000
Total Current Debt	2 000	3 000	1 000	135 000
Total Equity and Debt	104 000	289 000	375 000	293 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	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	110 000	149 000	150 000	316 000
Operating Profit	−110 000	−149 000	−150 000	−316 000
Financial Income	0	0	0	0
Financial Costs	189 000	0	1 000	5 000
Financial Balance	−189 000	0	−1 000	−5 000
Dividends	0	0	0	0
Net Income	−299 000	−149 000	−151 000	−321 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	100 000	100 000	100 000	100 000
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	100 000	100 000	100 000	100 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	0	86 000	4 000
Total Current Assets	4 000	189 000	275 000	193 000
Total Assets	104 000	289 000	375 000	293 000
Total Equity	−5 739 000	−5 439 000	−5 290 000	−5 289 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 842 000	5 726 000	5 664 000	5 447 000
Creditors	2 000	3 000	1 000	11 000
Unpaid Taxes	0	0	0	119 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	5 000
Total Current Debt	2 000	3 000	1 000	135 000
Total Equity and Debt	104 000	289 000	375 000	293 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,21 %	2,74 %	2,85 %	6,07 %
Debt-to-Equity Ratio	−1,02	−1,05	−1,07	−1,03
Operating Profit Margin	-	-	-	-
Current Ratio	2	63	275	1,43
Quick Ratio	2	63	275	1,43
Equity Ratio	−55,18	−18,82	−14,11	−18,05
Gross Profit Margin	-	-	-	-