Ensurge Micropower ASA - Annual Report and Financial Statements 2021 – Additional Attachment

Rhea-AI Summary

Ensurge Micropower ASA's Board of Directors approved the annual report for 2021 on April 26, 2022. The financial statements align with the preliminary report from February 2022. However, the auditor's report highlights concerns regarding the company's going concern status. Notably, the Board has decided not to propose a dividend for this fiscal year. The annual report and financial statements can be accessed on the company's website.

Positive

• Financial statements align with the preliminary report, indicating consistent financial reporting.

Negative

• Auditor's report contains an emphasis of matter paragraph regarding going concern, indicating potential financial instability.
• No dividend proposed, which may disappoint shareholders looking for returns.

The Board of Directors of Ensurge Micropower ASA ("Ensurge") approved the annual report and the annual financial statements for 2021 on 26 April 2022. The financial statements are consistent with the preliminary report disclosed on 22 February 2022. The auditor's report contains an emphasis of matter paragraph regarding going concern. The Board does not propose a dividend. The annual report and financial statements for 2021 are enclosed to this announcement and are also available at the Company's website www.ensurge.com.

Contact
Ståle Bjørnstad - Investor Relations 
E-mail: stale.bjornstad@ensurge.com
Phone: +47 99 16 76 72

Kevin Barber - Chief Executive Officer 
E-mail: kevin.barber@ensurge.com

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachments

• Ensurge Annual Report 2021
• Ensurge Annual Report 2021 ESEF

FAQ

When was the annual report for Ensurge Micropower ASA approved?

The annual report was approved on April 26, 2022.

What concerns were raised in the auditor's report for Ensurge?

The auditor's report highlighted a going concern status for the company.

Did Ensurge propose a dividend for the fiscal year 2021?

No, the Board of Directors has not proposed a dividend for this fiscal year.

Where can I find the financial statements for Ensurge Micropower ASA?

The financial statements are available on Ensurge's website.

What does the emphasis of matter paragraph in the auditor's report indicate for ENMPY?

It indicates potential concerns regarding the company's ability to continue as a going concern.