ENEREC LIMITED

7608 LEVANGER

Finances

Share Ownership

Return on Equity

−123,6 %

Current Ratio

1,35

Debt-to-Equity Ratio

0,84

Key figures (NOK)	2021	2020	2019	2018
Revenue	153 000	527 000	614 000	1 003 000
Net Income	−110 000	150 000	125 000	61 000
Total Assets	278 000	326 000	243 000	214 000
Total Equity	89 000	198 000	48 000	103 000

Income (NOK)	2021	2020	2019	2018
Revenue	153 000	527 000	614 000	1 003 000
Expenditure	288 000	331 000	454 000	920 000
Operating Profit	−136 000	195 000	160 000	84 000
Financial Income	1 000	0	0	0
Financial Costs	0	2 000	0	0
Financial Balance	1 000	−2 000	0	0
Earnings Before Tax	−135 000	193 000	160 000	84 000
Tax	−25 000	43 000	35 000	23 000
Net Income	−110 000	150 000	125 000	61 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	124 000	108 000	106 000	73 000
Total Current Assets	154 000	218 000	137 000	141 000
Total Assets	278 000	326 000	243 000	214 000
Total Retained Equity	89 000	198 000	48 000	103 000
Total Equity	89 000	198 000	48 000	103 000
Total Long-Term Debt	75 000	4 000	4 000	23 000
Total Current Debt	114 000	123 000	191 000	87 000
Total Equity and Debt	278 000	326 000	243 000	214 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	153 000	527 000	614 000	1 003 000
Other Income	0	0	0	0
Revenue	153 000	527 000	614 000	1 003 000
Cost of Goods Sold	31 000	55 000	28 000	67 000
Salary Costs	0	0	103 000	504 000
Depreciation	26 000	23 000	16 000	6 000
Impairment	0	0	0	0
Expenditure	288 000	331 000	454 000	920 000
Operating Profit	−136 000	195 000	160 000	84 000
Financial Income	1 000	0	0	0
Financial Costs	0	2 000	0	0
Financial Balance	1 000	−2 000	0	0
Dividends	0	0	0	0
Net Income	−110 000	150 000	125 000	61 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	25 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	28 000	34 000	40 000	45 000
Fixtures	70 000	74 000	67 000	28 000
Total Tangible Assets	98 000	108 000	106 000	73 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	124 000	108 000	106 000	73 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	99 000	4 000	136 000	212 000
Total Current Assets	154 000	218 000	137 000	141 000
Total Assets	278 000	326 000	243 000	214 000
Total Equity	89 000	198 000	48 000	103 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	75 000	4 000	4 000	23 000
Creditors	3 000	1 000	7 000	4 000
Unpaid Taxes	58 000	70 000	116 000	62 000
Dividends	0	0	0	0
Other Current Debt	10 000	10 000	13 000	21 000
Total Current Debt	114 000	123 000	191 000	87 000
Total Equity and Debt	278 000	326 000	243 000	214 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−123,6 %	75,76 %	260,42 %	59,22 %
Debt-to-Equity Ratio	0,84	0,02	0,08	0,22
Operating Profit Margin	−88,89 %	37 %	26,06 %	8,37 %
Current Ratio	1,35	1,77	0,72	1,62
Quick Ratio	1,35	1,77	0,72	1,62
Equity Ratio	0,32	0,61	0,2	0,48
Gross Profit Margin	79,74 %	89,56 %	95,44 %	93,32 %