NORWEGIAN GREENTECH AS

6092 FOSNAVÅG

Finances

Return on Equity

147,61 %

Current Ratio

0,94

Debt-to-Equity Ratio

3,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	226 721 000	166 929 000	75 396 000	67 361 000
Net Income	18 237 000	8 799 000	6 483 000	2 982 000
Total Assets	106 428 000	125 682 000	81 685 000	69 127 000
Total Equity	12 355 000	20 463 000	11 566 000	5 082 000

Income (NOK)	2022	2021	2020	2019
Revenue	226 721 000	166 929 000	75 396 000	67 361 000
Expenditure	202 208 000	153 129 000	66 505 000	62 275 000
Operating Profit	24 514 000	13 800 000	8 892 000	5 087 000
Financial Income	6 360 000	5 385 000	5 076 000	563 000
Financial Costs	7 589 000	7 901 000	5 655 000	1 824 000
Financial Balance	−1 229 000	−2 516 000	−579 000	−1 261 000
Earnings Before Tax	23 284 000	11 285 000	8 313 000	3 826 000
Tax	5 048 000	2 486 000	1 829 000	845 000
Net Income	18 237 000	8 799 000	6 483 000	2 982 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	56 201 000	60 381 000	55 035 000	40 607 000
Total Current Assets	50 227 000	65 302 000	26 650 000	28 520 000
Total Assets	106 428 000	125 682 000	81 685 000	69 127 000
Total Retained Equity	7 355 000	15 463 000	6 566 000	82 000
Total Equity	12 355 000	20 463 000	11 566 000	5 082 000
Total Long-Term Debt	40 781 000	43 347 000	28 904 000	35 580 000
Total Current Debt	53 292 000	61 873 000	41 215 000	28 465 000
Total Equity and Debt	106 428 000	125 682 000	81 685 000	69 127 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	226 288 000	166 929 000	75 396 000	67 361 000
Other Income	434 000	0	0	0
Revenue	226 721 000	166 929 000	75 396 000	67 361 000
Cost of Goods Sold	166 639 000	131 981 000	52 675 000	54 444 000
Salary Costs	15 990 000	9 638 000	7 414 000	4 973 000
Depreciation	6 293 000	1 552 000	0	0
Impairment	0	0	0	0
Expenditure	202 208 000	153 129 000	66 505 000	62 275 000
Operating Profit	24 514 000	13 800 000	8 892 000	5 087 000
Financial Income	6 360 000	5 385 000	5 076 000	563 000
Financial Costs	7 589 000	7 901 000	5 655 000	1 824 000
Financial Balance	−1 229 000	−2 516 000	−579 000	−1 261 000
Dividends	0	0	0	0
Net Income	18 237 000	8 799 000	6 483 000	2 982 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	53 856 000	60 008 000	55 029 000	40 602 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	247 000	311 000	0	0
Fixtures	2 083 000	50 000	0	0
Total Tangible Assets	2 330 000	361 000	0	0
Total Fiancial Fixed Assets	15 000	12 000	6 000	5 000
Total Fixed Assets	56 201 000	60 381 000	55 035 000	40 607 000
Stock	13 993 000	13 290 000	0	0
Total Investments	0	0	0	0
Cash, Bank	9 552 000	15 620 000	7 104 000	2 664 000
Total Current Assets	50 227 000	65 302 000	26 650 000	28 520 000
Total Assets	106 428 000	125 682 000	81 685 000	69 127 000
Total Equity	12 355 000	20 463 000	11 566 000	5 082 000
Short-Term Group Debt	31 379 000	30 508 000	8 638 000	2 791 000
Total Long-Term Debt	40 781 000	43 347 000	28 904 000	35 580 000
Creditors	11 935 000	19 826 000	20 683 000	18 944 000
Unpaid Taxes	1 279 000	5 587 000	1 004 000	690 000
Dividends	0	0	0	0
Other Current Debt	8 700 000	2 734 000	10 890 000	6 040 000
Total Current Debt	53 292 000	61 873 000	41 215 000	28 465 000
Total Equity and Debt	106 428 000	125 682 000	81 685 000	69 127 000

Financial indicators	2022	2021	2020	2019
Return on Equity	147,61 %	43 %	56,05 %	58,68 %
Debt-to-Equity Ratio	3,3	2,12	2,5	7
Operating Profit Margin	10,81 %	8,27 %	11,79 %	7,55 %
Current Ratio	0,94	1,06	0,65	1
Quick Ratio	1,28	1,34	0,65	1
Equity Ratio	0,12	0,16	0,14	0,07
Gross Profit Margin	26,5 %	20,94 %	30,14 %	19,18 %