ECONNECT ENERGY AS

0277 OSLO

Finances

Return on Equity

91 %

Current Ratio

1,17

Debt-to-Equity Ratio

0,76

Key figures (NOK)	2022	2021	2020	2019
Revenue	215 389 000	20 650 000	29 268 000	21 512 000
Net Income	28 802 000	−1 473 000	5 647 000	350 000
Total Assets	293 900 000	69 572 000	32 762 000	21 540 000
Total Equity	31 652 000	13 040 000	14 338 000	7 291 000

Income (NOK)	2022	2021	2020	2019
Revenue	215 389 000	20 650 000	29 268 000	21 512 000
Expenditure	181 458 000	22 291 000	21 869 000	20 948 000
Operating Profit	33 931 000	−1 641 000	7 399 000	564 000
Financial Income	3 746 000	5 215 000	2 099 000	919 000
Financial Costs	725 000	5 453 000	2 360 000	987 000
Financial Balance	3 021 000	−238 000	−261 000	−68 000
Earnings Before Tax	36 952 000	−1 879 000	7 138 000	495 000
Tax	8 150 000	−406 000	1 491 000	146 000
Net Income	28 802 000	−1 473 000	5 647 000	350 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 793 000	14 493 000	6 455 000	3 815 000
Total Current Assets	279 107 000	55 079 000	26 306 000	17 725 000
Total Assets	293 900 000	69 572 000	32 762 000	21 540 000
Total Retained Equity	24 275 000	5 663 000	7 136 000	1 489 000
Total Equity	31 652 000	13 040 000	14 338 000	7 291 000
Total Long-Term Debt	23 952 000	17 555 000	10 586 000	5 000 000
Total Current Debt	238 297 000	38 976 000	7 837 000	9 249 000
Total Equity and Debt	293 900 000	69 572 000	32 762 000	21 540 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	211 361 000	19 155 000	27 693 000	21 521 000
Other Income	4 028 000	1 495 000	1 575 000	−10 000
Revenue	215 389 000	20 650 000	29 268 000	21 512 000
Cost of Goods Sold	149 373 000	7 221 000	2 195 000	1 531 000
Salary Costs	18 349 000	9 624 000	9 525 000	7 220 000
Depreciation	732 000	339 000	228 000	35 000
Impairment	0	0	0	0
Expenditure	181 458 000	22 291 000	21 869 000	20 948 000
Operating Profit	33 931 000	−1 641 000	7 399 000	564 000
Financial Income	3 746 000	5 215 000	2 099 000	919 000
Financial Costs	725 000	5 453 000	2 360 000	987 000
Financial Balance	3 021 000	−238 000	−261 000	−68 000
Dividends	10 000 000	0	0	0
Net Income	28 802 000	−1 473 000	5 647 000	350 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 547 000	14 230 000	6 168 000	3 766 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	21 000	37 000	25 000	49 000
Total Tangible Assets	21 000	37 000	25 000	49 000
Total Fiancial Fixed Assets	225 000	225 000	262 000	0
Total Fixed Assets	14 793 000	14 493 000	6 455 000	3 815 000
Stock	0	0	0	250 000
Total Investments	0	0	0	0
Cash, Bank	257 299 000	50 235 000	23 439 000	14 362 000
Total Current Assets	279 107 000	55 079 000	26 306 000	17 725 000
Total Assets	293 900 000	69 572 000	32 762 000	21 540 000
Total Equity	31 652 000	13 040 000	14 338 000	7 291 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	23 952 000	17 555 000	10 586 000	5 000 000
Creditors	23 426 000	1 238 000	1 057 000	1 556 000
Unpaid Taxes	1 163 000	735 000	710 000	568 000
Dividends	10 000 000	0	0	0
Other Current Debt	203 708 000	37 003 000	4 574 000	6 978 000
Total Current Debt	238 297 000	38 976 000	7 837 000	9 249 000
Total Equity and Debt	293 900 000	69 572 000	32 762 000	21 540 000

Financial indicators	2022	2021	2020	2019
Return on Equity	91 %	−11,3 %	39,38 %	4,8 %
Debt-to-Equity Ratio	0,76	1,35	0,74	0,69
Operating Profit Margin	15,75 %	−7,95 %	25,28 %	2,62 %
Current Ratio	1,17	1,41	3,36	1,92
Quick Ratio	1,17	1,41	3,36	1,97
Equity Ratio	0,11	0,19	0,44	0,34
Gross Profit Margin	30,65 %	65,03 %	92,5 %	92,88 %