RENEWABLE ENERGY MARINE TEST CENTER AS

4521 LINDESNES

Finances

Share Ownership

Return on Equity

0 %

Current Ratio

315

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	6 440 000
Net Income	0	−7 000	−42 000	4 082 000
Total Assets	371 000	324 000	158 000	1 308 000
Total Equity	369 000	323 000	156 000	198 000

Income (NOK)	2021	2020	2019
Revenue	0	0	6 440 000
Expenditure	8 000	43 000	1 202 000
Operating Profit	−8 000	−43 000	5 238 000
Financial Income	0	0	2 000
Financial Costs	0	8 000	6 000
Financial Balance	0	−8 000	−4 000
Earnings Before Tax	−8 000	−51 000	5 234 000
Tax	−2 000	−10 000	1 151 000
Net Income	−7 000	−42 000	4 082 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	56 000	69 000	116 000	106 000
Total Current Assets	315 000	256 000	42 000	1 202 000
Total Assets	371 000	324 000	158 000	1 308 000
Total Retained Equity	166 000	120 000	126 000	168 000
Total Equity	369 000	323 000	156 000	198 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 000	2 000	2 000	1 110 000
Total Equity and Debt	371 000	324 000	158 000	1 308 000

Cash flow (NOK)	2021	2020	2019
Sales Income	0	0	6 303 000
Other Income	0	0	136 000
Revenue	0	0	6 440 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	8 000	43 000	1 202 000
Operating Profit	−8 000	−43 000	5 238 000
Financial Income	0	0	2 000
Financial Costs	0	8 000	6 000
Financial Balance	0	−8 000	−4 000
Dividends	0	0	0
Net Income	−7 000	−42 000	4 082 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	56 000	69 000	116 000	106 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	56 000	69 000	116 000	106 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	1 047 000
Total Current Assets	315 000	256 000	42 000	1 202 000
Total Assets	371 000	324 000	158 000	1 308 000
Total Equity	369 000	323 000	156 000	198 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	2 000	0
Unpaid Taxes	0	0	0	15 000
Dividends	0	0	0	0
Other Current Debt	1 000	2 000	0	0
Total Current Debt	1 000	2 000	2 000	1 110 000
Total Equity and Debt	371 000	324 000	158 000	1 308 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0 %	−2,17 %	−26,92 %	2 061,62 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	81,34 %
Current Ratio	315	128	21	1,08
Quick Ratio	315	128	21	1,08
Equity Ratio	0,99	1	0,99	0,15
Gross Profit Margin	-	-	-	100 %