Magnora ASA
ISIN: NO0010187032 | Ticker: MGN | LEI: 5967007LIEEXZXGY5K17
Country: Norway
We invest in renewable and clean energy built in a sustainable way.
After selling our oil and gas related business in 2018, we have transitioned into a renewable energy development company. We have succeeded in attracting a team of industry experts and have made investments we believe will shape the future of Magnora in the years to come.
Our initial focus was wind power development, but solar PV is already a significant part of our business model. The experience and professional relationships of our team has allowed us a privileged seat at the table with many of the majors of our industry.
Our business model is to identify and develop renewable energy projects from greenfield to the ready-to-build phase. At the point of construction, we prefer to farm-down and cooperate with professional investors who will finance and operate the projects over the duration of the license periods.
2001
Served areaEurope
HeadquartersP.O.Box 2444, 0201 Oslo – Norway
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 124,100,000.00 | 192,700,000.00 | 564,200,000.00 |
| Noncurrent Assets | N/A | 55,600,000.00 | 88,100,000.00 | 277,100,000.00 |
| Property Plant And Equipment | N/A | N/A | 0.00 | 15,300,000.00 |
| Goodwill | N/A | N/A | 0.00 | 34,100,000.00 |
| Intangible Assets Other Than Goodwill | N/A | N/A | 2,000,000.00 | 170,900,000.00 |
| Investments In Associates Accounted For Using Equity Method | N/A | 24,500,000.00 | 61,400,000.00 | 26,400,000.00 |
| Noncurrent Receivables Due From Associates | N/A | N/A | 0.00 | 6,300,000.00 |
| Deferred Tax Assets | N/A | 31,100,000.00 | 23,400,000.00 | 15,100,000.00 |
| Other Noncurrent Assets | N/A | 0.00 | 1,300,000.00 | 0.00 |
| Current Assets | N/A | 68,400,000.00 | 104,600,000.00 | 287,100,000.00 |
| Trade And Other Current Receivables | N/A | 4,000,000.00 | 6,800,000.00 | 91,500,000.00 |
| Other Current Financial Assets | N/A | 19,600,000.00 | 900,000.00 | 23,700,000.00 |
| Cash and cash equivalents | 58,300,000.00 | 44,800,000.00 | 96,900,000.00 | 171,900,000.00 |
| Equity And Liabilities | N/A | 124,100,000.00 | 192,700,000.00 | 564,200,000.00 |
| Equity | 105,600,000.00 | 118,100,000.00 | 171,800,000.00 | 431,800,000.00 |
| Issued Capital | N/A | 25,800,000.00 | 28,000,000.00 | 32,800,000.00 |
| Treasury Shares | N/A | 100,000.00 | 100,000.00 | 100,000.00 |
| Other Reserves | N/A | 92,400,000.00 | 143,900,000.00 | 352,800,000.00 |
| Equity Attributable To Owners Of Parent | N/A | N/A | 171,800,000.00 | 385,500,000.00 |
| Noncontrolling Interests | N/A | N/A | 0.00 | 46,300,000.00 |
| Liabilities | N/A | 6,000,000.00 | 20,900,000.00 | 132,400,000.00 |
| Noncurrent Liabilities | N/A | N/A | 0.00 | 10,100,000.00 |
| Deferred Tax Liabilities | N/A | N/A | 0.00 | 4,900,000.00 |
| Other Noncurrent Liabilities | N/A | N/A | 0.00 | 5,200,000.00 |
| Current Liabilities | N/A | 6,000,000.00 | 20,900,000.00 | 122,300,000.00 |
| Current Provisions | N/A | 3,900,000.00 | 2,300,000.00 | 600,000.00 |
| Trade And Other Current Payables To Trade Suppliers | N/A | 800,000.00 | 1,900,000.00 | 6,200,000.00 |
| Other Current Liabilities | N/A | 1,300,000.00 | 16,700,000.00 | 39,100,000.00 |
| Line item in (nok) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 27,100,000.00 | 13,800,000.00 | 91,100,000.00 |
| Other Income | 1,300,000.00 | 1,400,000.00 | 600,000.00 |
| Employee Benefits Expense | 13,200,000.00 | 20,400,000.00 | 32,100,000.00 |
| Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | N/A | 0.00 | 1,600,000.00 |
| Other Expense By Nature | 8,200,000.00 | 33,300,000.00 | 47,400,000.00 |
| Profit Loss From Operating Activities | 6,100,000.00 | -60,100,000.00 | 6,700,000.00 |
| Finance Income | 25,100,000.00 | 22,400,000.00 | 8,100,000.00 |
| Finance Costs | 4,900,000.00 | 17,400,000.00 | 10,200,000.00 |
| Profit Loss Before Tax | 34,100,000.00 | -55,100,000.00 | 12,000,000.00 |
| Income Tax Expense Continuing Operations | 5,600,000.00 | 7,700,000.00 | 8,100,000.00 |
| Profit Loss From Continuing Operations | 28,500,000.00 | -62,800,000.00 | N/A |
| Profit (loss) | 28,500,000.00 | -62,800,000.00 | 3,900,000.00 |
| Profit Loss Attributable To Owners Of Parent | 28,500,000.00 | -62,800,000.00 | 12,500,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | N/A | 0.00 | -8,600,000.00 |
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | 28,500,000.00 | -62,800,000.00 | 3,900,000.00 |
| Cash Flows From Used In Operations | N/A | 29,900,000.00 | -23,700,000.00 | -67,700,000.00 |
| Cash Flows From Used In Operating Activities | N/A | 29,900,000.00 | -23,700,000.00 | -67,700,000.00 |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | N/A | 0.00 | 6,700,000.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | N/A | 0.00 | 8,700,000.00 |
| Dividends Received Classified As Investing Activities | N/A | N/A | 0.00 | 6,100,000.00 |
| Cash Flows From Used In Investing Activities | N/A | -25,400,000.00 | -39,700,000.00 | -125,300,000.00 |
| Proceeds From Issuing Shares | N/A | 0.00 | 115,400,000.00 | 194,400,000.00 |
| Payments To Acquire Or Redeem Entitys Shares | N/A | 600,000.00 | 0.00 | N/A |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | N/A | 0.00 | 2,700,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | 17,400,000.00 | 0.00 | N/A |
| Cash Flows From Used In Financing Activities | N/A | -18,000,000.00 | 115,400,000.00 | 268,000,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | -13,500,000.00 | 52,000,000.00 | 75,000,000.00 |
| Cash and cash equivalents | 58,300,000.00 | 44,800,000.00 | 96,900,000.00 | 171,900,000.00 |
Please note that some sums might not add up.
NO0010187032
LEI5967007LIEEXZXGY5K17
SectorIndependent Power and Renewable Electricity Producers
Sub-IndustryKeep yourself informed with the most recent updates on FinancialReports, IPOs, product advancements, and other significant news.