Nordic Mining ASA
ISIN: NO0010317340 | Ticker: NOM | LEI: 5967007LIEEXZXFVKO54
Country: Norway
The world is striving for a better and more sustainable future. In the evolution of green energy production, fossile free transportation and booming global communication, certain minerals are playing an increasingly important role. The needs for these minerals and metals are increasing, along with the need for a reduced footprint from extraction and production.
Nordic Mining has taken the role as a new initiative in Scandinavian mining, acknowledging the fact that we may positively contribute to society. Nordic Mining is a long term industrial player with the mission to develop the geological potential of the Nordic region into sustainable businesses. Departing from minerals and ore, we will focus on how we may increase value and reduce footprint by challenging the traditional value chains.
The Nordic region is well placed to serve the European markets with strategic production of industrial minerals in strong demand.
2006
Served areaWorldwide
HeadquartersVika Atrium, Munkedamsvn 45, 0250 Oslo – Norway
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 173,652,000.00 | 255,288,000.00 | 1,514,418,000.00 |
| Noncurrent Assets | N/A | 129,214,000.00 | 219,758,000.00 | 289,606,000.00 |
| Property Plant And Equipment | N/A | 374,000.00 | 200,000.00 | N/A |
| Construction In Progress | N/A | N/A | 0.00 | 288,410,000.00 |
| Other Property Plant And Equipment | N/A | N/A | 200,000.00 | 1,090,000.00 |
| Intangible Exploration And Evaluation Assets | N/A | N/A | 28,800,000.00 | 0.00 |
| Investments In Associates | N/A | 100,114,000.00 | 190,519,000.00 | N/A |
| Noncurrent Financial Assets At Fair Value Through Profit Or Loss | N/A | N/A | 190,519,000.00 | 0.00 |
| Current Assets | N/A | 44,438,000.00 | 35,530,000.00 | 1,224,812,000.00 |
| Trade And Other Current Receivables | N/A | N/A | 3,444,000.00 | 23,297,000.00 |
| Cash and cash equivalents | 30,619,000.00 | 42,223,000.00 | 32,086,000.00 | 164,703,000.00 |
| Current Restricted Cash And Cash Equivalents | N/A | N/A | 0.00 | 4,215,000.00 |
| Equity And Liabilities | N/A | 173,652,000.00 | 255,288,000.00 | 1,514,418,000.00 |
| Equity | 143,832,000.00 | 164,288,000.00 | 245,662,000.00 | 454,491,000.00 |
| Issued Capital | N/A | 118,495,000.00 | 137,695,000.00 | 139,390,000.00 |
| Retained Earnings | N/A | -439,711,000.00 | -218,547,000.00 | -16,135,000.00 |
| Share Premium | N/A | 472,824,000.00 | 313,699,000.00 | 319,430,000.00 |
| Additional Paidin Capital | N/A | 15,804,000.00 | 16,038,000.00 | 16,038,000.00 |
| Liabilities | N/A | 9,364,000.00 | 9,626,000.00 | 1,059,927,000.00 |
| Noncurrent Liabilities | N/A | 1,586,000.00 | 1,175,000.00 | 1,812,000.00 |
| Noncurrent Recognised Liabilities Defined Benefit Plan | N/A | 1,368,000.00 | 1,062,000.00 | 1,812,000.00 |
| Current Liabilities | N/A | 7,778,000.00 | 8,451,000.00 | 1,058,115,000.00 |
| Trade And Other Current Payables To Trade Suppliers | N/A | 1,668,000.00 | 3,093,000.00 | 37,168,000.00 |
| Current Debt Instruments Issued | N/A | N/A | 0.00 | 142,976,000.00 |
| Other Current Liabilities | N/A | 6,110,000.00 | 5,358,000.00 | 27,146,000.00 |
| Current Bonds Issued And Current Portion Of Noncurrent Bonds Issued | N/A | N/A | 0.00 | 850,825,000.00 |
| Line item in (nok) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Other Income | N/A | 188,000.00 | 0.00 |
| Employee Benefits Expense | 14,413,000.00 | 16,220,000.00 | 11,650,000.00 |
| Depreciation And Amortisation Expense | 241,000.00 | 138,000.00 | N/A |
| Depreciation Expense | N/A | 138,000.00 | 164,000.00 |
| Other Expense By Nature | 27,874,000.00 | 44,504,000.00 | N/A |
| Profit Loss From Operating Activities | -42,528,000.00 | -60,674,000.00 | -45,920,000.00 |
| Finance Income | 500,000.00 | 127,000.00 | 63,487,000.00 |
| Finance Costs | 240,000.00 | 456,000.00 | 88,523,000.00 |
| Profit Loss Before Tax | -32,932,000.00 | 5,371,000.00 | 202,412,000.00 |
| Income Tax Expense Continuing Operations | 0.00 | 0.00 | 0.00 |
| Profit (loss) | -32,932,000.00 | 5,371,000.00 | 202,412,000.00 |
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | -32,932,000.00 | 5,371,000.00 | 202,412,000.00 |
| Adjustments For Finance Costs | N/A | N/A | 0.00 | 41,961,000.00 |
| Adjustments For Decrease Increase In Other Operating Receivables | N/A | 2,071,000.00 | -1,229,000.00 | N/A |
| Adjustments For Increase Decrease In Trade Account Payable | N/A | -1,463,000.00 | 1,453,000.00 | N/A |
| Adjustments For Depreciation And Amortisation Expense | N/A | 241,000.00 | 138,000.00 | N/A |
| Adjustments For Unrealised Foreign Exchange Losses Gains | N/A | N/A | 0.00 | -2,442,000.00 |
| Adjustments For Sharebased Payments | N/A | 226,000.00 | 234,000.00 | 0.00 |
| Adjustments For Fair Value Gains Losses | N/A | -9,336,000.00 | -66,374,000.00 | -283,844,000.00 |
| Adjustments For Losses Gains On Disposal Of Noncurrent Assets | N/A | N/A | -188,000.00 | 0.00 |
| Cash Flows From Used In Operating Activities | N/A | -41,764,000.00 | -59,970,000.00 | -48,826,000.00 |
| Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities | N/A | N/A | 24,030,000.00 | N/A |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | N/A | 363,000.00 | 0.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | N/A | 0.00 | 921,000.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | N/A | 449,000.00 | 2,211,000.00 | 0.00 |
| Cash Flows From Used In Investing Activities | N/A | -449,000.00 | -25,879,000.00 | 239,709,000.00 |
| Proceeds From Issuing Shares | N/A | 57,400,000.00 | 80,000,000.00 | 7,426,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | N/A | 0.00 | 132,500,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 153,000.00 | 156,000.00 | 151,000.00 |
| Interest Paid Classified As Financing Activities | N/A | N/A | 0.00 | 17,440,000.00 |
| Cash Flows From Used In Financing Activities | N/A | 53,817,000.00 | 75,711,000.00 | -62,536,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | N/A | 0.00 | 4,269,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | 11,604,000.00 | -10,137,000.00 | 128,347,000.00 |
| Cash and cash equivalents | 30,619,000.00 | 42,223,000.00 | 32,086,000.00 | 164,703,000.00 |
Please note that some sums might not add up.
NO0010317340
LEI5967007LIEEXZXFVKO54
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