THE ENERGY RESOURCE COMPANY AS

4306 SANDNES

Finances

Return on Equity

40,99 %

Current Ratio

1,54

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 635 000	3 245 000	2 860 000	3 388 000
Net Income	66 000	1 023 000	731 000	1 284 000
Total Assets	335 000	1 791 000	1 510 000	2 029 000
Total Equity	161 000	95 000	72 000	240 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 635 000	3 245 000	2 860 000	3 388 000
Expenditure	1 508 000	1 845 000	1 913 000	1 757 000
Operating Profit	128 000	1 401 000	947 000	1 631 000
Financial Income	16 000	9 000	3 000	3 000
Financial Costs	39 000	70 000	4 000	6 000
Financial Balance	−23 000	−61 000	−1 000	−3 000
Earnings Before Tax	105 000	1 340 000	946 000	1 628 000
Tax	39 000	317 000	214 000	343 000
Net Income	66 000	1 023 000	731 000	1 284 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	69 000	85 000	72 000	73 000
Total Current Assets	266 000	1 707 000	1 438 000	1 956 000
Total Assets	335 000	1 791 000	1 510 000	2 029 000
Total Retained Equity	131 000	65 000	42 000	210 000
Total Equity	161 000	95 000	72 000	240 000
Total Long-Term Debt	0	2 000	0	0
Total Current Debt	173 000	1 694 000	1 438 000	1 789 000
Total Equity and Debt	335 000	1 791 000	1 510 000	2 029 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 635 000	3 245 000	2 860 000	3 388 000
Other Income	0	0	0	0
Revenue	1 635 000	3 245 000	2 860 000	3 388 000
Cost of Goods Sold	0	4 000	22 000	0
Salary Costs	1 104 000	1 505 000	1 589 000	1 404 000
Depreciation	16 000	17 000	20 000	18 000
Impairment	0	0	0	0
Expenditure	1 508 000	1 845 000	1 913 000	1 757 000
Operating Profit	128 000	1 401 000	947 000	1 631 000
Financial Income	16 000	9 000	3 000	3 000
Financial Costs	39 000	70 000	4 000	6 000
Financial Balance	−23 000	−61 000	−1 000	−3 000
Dividends	0	1 000 000	900 000	1 100 000
Net Income	66 000	1 023 000	731 000	1 284 000

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	39 000	55 000	72 000	73 000
Total Tangible Assets	39 000	55 000	72 000	73 000
Total Fiancial Fixed Assets	30 000	30 000	0	0
Total Fixed Assets	69 000	85 000	72 000	73 000
Stock	0	0	0	0
Total Investments	158 000	140 000	100 000	0
Cash, Bank	101 000	1 128 000	834 000	1 560 000
Total Current Assets	266 000	1 707 000	1 438 000	1 956 000
Total Assets	335 000	1 791 000	1 510 000	2 029 000
Total Equity	161 000	95 000	72 000	240 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	2 000	0	0
Creditors	7 000	42 000	15 000	9 000
Unpaid Taxes	19 000	147 000	165 000	203 000
Dividends	0	1 000 000	900 000	1 100 000
Other Current Debt	107 000	191 000	144 000	134 000
Total Current Debt	173 000	1 694 000	1 438 000	1 789 000
Total Equity and Debt	335 000	1 791 000	1 510 000	2 029 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,99 %	1 076,84 %	1 015,28 %	535 %
Debt-to-Equity Ratio	0	0,02	0	0
Operating Profit Margin	7,83 %	43,17 %	33,11 %	48,14 %
Current Ratio	1,54	1,01	1	1,09
Quick Ratio	1,54	1,01	1	1,09
Equity Ratio	0,48	0,05	0,05	0,12
Gross Profit Margin	100 %	99,88 %	99,23 %	100 %