NORWEGIAN WELL AS

3420 LIERSKOGEN

Finances

Share Ownership

Return on Equity

10 %

Current Ratio

0,68

Debt-to-Equity Ratio

−2,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	791 000	2 027 000	2 583 000
Net Income	−290 000	−759 000	−1 596 000	−1 129 000
Total Assets	5 736 000	654 000	1 234 000	1 376 000
Total Equity	−2 900 000	−4 660 000	−3 901 000	−2 970 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	791 000	2 027 000	2 583 000
Expenditure	250 000	1 518 000	3 615 000	3 693 000
Operating Profit	−250 000	−727 000	−1 588 000	−1 110 000
Financial Income	5 000	0	6 000	0
Financial Costs	45 000	32 000	14 000	19 000
Financial Balance	−40 000	−32 000	−8 000	−19 000
Earnings Before Tax	−290 000	−759 000	−1 596 000	−1 129 000
Tax	0	0	0	0
Net Income	−290 000	−759 000	−1 596 000	−1 129 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 166 000	164 000	164 000	164 000
Total Current Assets	569 000	490 000	1 070 000	1 212 000
Total Assets	5 736 000	654 000	1 234 000	1 376 000
Total Retained Equity	−7 395 000	−9 155 000	−8 396 000	−6 800 000
Total Equity	−2 900 000	−4 660 000	−3 901 000	−2 970 000
Total Long-Term Debt	7 793 000	4 653 000	3 753 000	3 043 000
Total Current Debt	842 000	661 000	1 382 000	1 302 000
Total Equity and Debt	5 736 000	654 000	1 234 000	1 376 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	791 000	2 027 000	2 583 000
Other Income	0	0	0	0
Revenue	0	791 000	2 027 000	2 583 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	735 000	549 000	283 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	250 000	1 518 000	3 615 000	3 693 000
Operating Profit	−250 000	−727 000	−1 588 000	−1 110 000
Financial Income	5 000	0	6 000	0
Financial Costs	45 000	32 000	14 000	19 000
Financial Balance	−40 000	−32 000	−8 000	−19 000
Dividends	0	0	0	0
Net Income	−290 000	−759 000	−1 596 000	−1 129 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	184 000	164 000	164 000	164 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	4 983 000	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 983 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 166 000	164 000	164 000	164 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	38 000	102 000	171 000	0
Total Current Assets	569 000	490 000	1 070 000	1 212 000
Total Assets	5 736 000	654 000	1 234 000	1 376 000
Total Equity	−2 900 000	−4 660 000	−3 901 000	−2 970 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 793 000	4 653 000	3 753 000	3 043 000
Creditors	441 000	0	1 178 000	480 000
Unpaid Taxes	63 000	92 000	86 000	144 000
Dividends	0	0	0	0
Other Current Debt	152 000	105 000	118 000	182 000
Total Current Debt	842 000	661 000	1 382 000	1 302 000
Total Equity and Debt	5 736 000	654 000	1 234 000	1 376 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10 %	16,29 %	40,91 %	38,01 %
Debt-to-Equity Ratio	−2,69	−1	−0,96	−1,02
Operating Profit Margin	-	−91,91 %	−78,34 %	−42,97 %
Current Ratio	0,68	0,74	0,77	0,93
Quick Ratio	0,68	0,74	0,77	0,93
Equity Ratio	−0,51	−7,13	−3,16	−2,16
Gross Profit Margin	-	100 %	100 %	100 %