GM INOVATION AS

3014 DRAMMEN

Finances

Return on Equity

−1,19 %

Current Ratio

30,13

Debt-to-Equity Ratio

1,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	240 000	698 000	815 000	696 000
Net Income	−10 000	224 000	97 000	−460 000
Total Assets	1 957 000	2 096 000	2 230 000	2 503 000
Total Equity	838 000	848 000	624 000	527 000

Income (NOK)	2022	2021	2020	2019
Revenue	240 000	698 000	815 000	696 000
Expenditure	174 000	337 000	656 000	1 237 000
Operating Profit	−5 000	297 000	158 000	−540 000
Financial Income	0	0	1 000	0
Financial Costs	9 000	19 000	35 000	52 000
Financial Balance	−9 000	−19 000	−34 000	−52 000
Earnings Before Tax	−13 000	278 000	124 000	−592 000
Tax	−3 000	54 000	27 000	−133 000
Net Income	−10 000	224 000	97 000	−460 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 264 000	1 304 000	1 261 000	1 431 000
Total Current Assets	693 000	792 000	969 000	1 072 000
Total Assets	1 957 000	2 096 000	2 230 000	2 503 000
Total Retained Equity	808 000	818 000	594 000	497 000
Total Equity	838 000	848 000	624 000	527 000
Total Long-Term Debt	1 097 000	1 221 000	1 489 000	1 821 000
Total Current Debt	23 000	27 000	117 000	155 000
Total Equity and Debt	1 957 000	2 096 000	2 230 000	2 503 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	240 000	698 000	815 000	696 000
Other Income	0	0	0	0
Revenue	240 000	698 000	815 000	696 000
Cost of Goods Sold	47 000	45 000	242 000	110 000
Salary Costs	0	17 000	125 000	709 000
Depreciation	69 000	120 000	142 000	174 000
Impairment	0	0	0	0
Expenditure	174 000	337 000	656 000	1 237 000
Operating Profit	−5 000	297 000	158 000	−540 000
Financial Income	0	0	1 000	0
Financial Costs	9 000	19 000	35 000	52 000
Financial Balance	−9 000	−19 000	−34 000	−52 000
Dividends	0	0	0	0
Net Income	−10 000	224 000	97 000	−460 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	277 000	333 000	461 000	580 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	42 000	132 000	179 000	229 000
Total Tangible Assets	42 000	132 000	179 000	229 000
Total Fiancial Fixed Assets	944 000	839 000	622 000	622 000
Total Fixed Assets	1 264 000	1 304 000	1 261 000	1 431 000
Stock	40 000	111 000	175 000	175 000
Total Investments	0	0	0	0
Cash, Bank	14 000	34 000	101 000	269 000
Total Current Assets	693 000	792 000	969 000	1 072 000
Total Assets	1 957 000	2 096 000	2 230 000	2 503 000
Total Equity	838 000	848 000	624 000	527 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 097 000	1 221 000	1 489 000	1 821 000
Creditors	2 000	1 000	5 000	12 000
Unpaid Taxes	−1 000	5 000	56 000	36 000
Dividends	0	0	0	0
Other Current Debt	22 000	21 000	56 000	107 000
Total Current Debt	23 000	27 000	117 000	155 000
Total Equity and Debt	1 957 000	2 096 000	2 230 000	2 503 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,19 %	26,42 %	15,54 %	−87,29 %
Debt-to-Equity Ratio	1,31	1,44	2,39	3,46
Operating Profit Margin	−2,08 %	42,55 %	19,39 %	−77,59 %
Current Ratio	30,13	29,33	8,28	6,92
Quick Ratio	−40,76	−9,43	−16,71	−53,6
Equity Ratio	0,43	0,4	0,28	0,21
Gross Profit Margin	80,42 %	93,55 %	70,31 %	84,2 %