INNOVATEK AS

8160 GLOMFJORD

Finances

Return on Equity

−13,88 %

Current Ratio

1,48

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 724 000	1 974 000	1 996 000	2 321 000
Net Income	−189 000	400 000	432 000	601 000
Total Assets	1 916 000	1 952 000	1 570 000	1 177 000
Total Equity	1 362 000	1 552 000	1 152 000	720 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 724 000	1 974 000	1 996 000	2 321 000
Expenditure	1 919 000	1 467 000	1 443 000	1 549 000
Operating Profit	−194 000	507 000	554 000	771 000
Financial Income	6 000	6 000	1 000	0
Financial Costs	0	0	1 000	1 000
Financial Balance	6 000	6 000	0	−1 000
Earnings Before Tax	−188 000	513 000	553 000	771 000
Tax	1 000	113 000	122 000	170 000
Net Income	−189 000	400 000	432 000	601 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 098 000	1 042 000	833 000	103 000
Total Current Assets	817 000	910 000	737 000	1 074 000
Total Assets	1 916 000	1 952 000	1 570 000	1 177 000
Total Retained Equity	1 322 000	1 512 000	1 112 000	680 000
Total Equity	1 362 000	1 552 000	1 152 000	720 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	553 000	400 000	419 000	457 000
Total Equity and Debt	1 916 000	1 952 000	1 570 000	1 177 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 724 000	1 974 000	1 996 000	2 321 000
Other Income	0	0	0	0
Revenue	1 724 000	1 974 000	1 996 000	2 321 000
Cost of Goods Sold	331 000	230 000	84 000	0
Salary Costs	1 225 000	1 066 000	1 226 000	1 362 000
Depreciation	6 000	4 000	0	0
Impairment	0	0	0	0
Expenditure	1 919 000	1 467 000	1 443 000	1 549 000
Operating Profit	−194 000	507 000	554 000	771 000
Financial Income	6 000	6 000	1 000	0
Financial Costs	0	0	1 000	1 000
Financial Balance	6 000	6 000	0	−1 000
Dividends	0	0	0	0
Net Income	−189 000	400 000	432 000	601 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	20 000	26 000	0	0
Total Tangible Assets	20 000	26 000	0	0
Total Fiancial Fixed Assets	1 078 000	1 016 000	833 000	103 000
Total Fixed Assets	1 098 000	1 042 000	833 000	103 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	501 000	703 000	729 000	961 000
Total Current Assets	817 000	910 000	737 000	1 074 000
Total Assets	1 916 000	1 952 000	1 570 000	1 177 000
Total Equity	1 362 000	1 552 000	1 152 000	720 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	220 000	95 000	9 000	21 000
Unpaid Taxes	194 000	87 000	163 000	135 000
Dividends	0	0	0	0
Other Current Debt	139 000	105 000	125 000	132 000
Total Current Debt	553 000	400 000	419 000	457 000
Total Equity and Debt	1 916 000	1 952 000	1 570 000	1 177 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,88 %	25,77 %	37,5 %	83,47 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−11,25 %	25,68 %	27,76 %	33,22 %
Current Ratio	1,48	2,28	1,76	2,35
Quick Ratio	1,48	2,28	1,76	2,35
Equity Ratio	0,71	0,8	0,73	0,61
Gross Profit Margin	80,8 %	88,35 %	95,79 %	100 %