ARD INNOVATION AS

1430 ÅS

Finances

Return on Equity

−15,17 %

Current Ratio

1,49

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 536 000	17 336 000	13 892 000	9 153 000
Net Income	−343 000	203 000	751 000	461 000
Total Assets	6 145 000	9 707 000	8 726 000	4 962 000
Total Equity	2 261 000	2 604 000	2 401 000	1 649 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 536 000	17 336 000	13 892 000	9 153 000
Expenditure	13 877 000	17 067 000	12 926 000	8 559 000
Operating Profit	−342 000	269 000	965 000	594 000
Financial Income	11 000	5 000	6 000	7 000
Financial Costs	12 000	13 000	5 000	7 000
Financial Balance	−1 000	−8 000	1 000	0
Earnings Before Tax	−343 000	261 000	966 000	594 000
Tax	0	58 000	215 000	132 000
Net Income	−343 000	203 000	751 000	461 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	350 000	0	12 000	34 000
Total Current Assets	5 795 000	9 706 000	8 714 000	4 929 000
Total Assets	6 145 000	9 707 000	8 726 000	4 962 000
Total Retained Equity	1 461 000	1 804 000	1 601 000	849 000
Total Equity	2 261 000	2 604 000	2 401 000	1 649 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 884 000	7 103 000	6 325 000	3 313 000
Total Equity and Debt	6 145 000	9 707 000	8 726 000	4 962 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 139 000	14 498 000	11 215 000	5 526 000
Other Income	2 396 000	2 839 000	2 677 000	3 627 000
Revenue	13 536 000	17 336 000	13 892 000	9 153 000
Cost of Goods Sold	4 032 000	6 876 000	3 450 000	853 000
Salary Costs	8 047 000	7 778 000	7 638 000	5 741 000
Depreciation	0	11 000	22 000	21 000
Impairment	0	0	0	0
Expenditure	13 877 000	17 067 000	12 926 000	8 559 000
Operating Profit	−342 000	269 000	965 000	594 000
Financial Income	11 000	5 000	6 000	7 000
Financial Costs	12 000	13 000	5 000	7 000
Financial Balance	−1 000	−8 000	1 000	0
Dividends	0	0	0	0
Net Income	−343 000	203 000	751 000	461 000

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	0	0	12 000	34 000
Total Tangible Assets	0	0	12 000	34 000
Total Fiancial Fixed Assets	350 000	0	0	0
Total Fixed Assets	350 000	0	12 000	34 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 847 000	7 193 000	6 460 000	3 651 000
Total Current Assets	5 795 000	9 706 000	8 714 000	4 929 000
Total Assets	6 145 000	9 707 000	8 726 000	4 962 000
Total Equity	2 261 000	2 604 000	2 401 000	1 649 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 466 000	5 399 000	3 430 000	1 323 000
Unpaid Taxes	464 000	455 000	464 000	479 000
Dividends	0	0	0	0
Other Current Debt	1 954 000	1 191 000	2 216 000	1 379 000
Total Current Debt	3 884 000	7 103 000	6 325 000	3 313 000
Total Equity and Debt	6 145 000	9 707 000	8 726 000	4 962 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,17 %	7,8 %	31,28 %	27,96 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2,53 %	1,55 %	6,95 %	6,49 %
Current Ratio	1,49	1,37	1,38	1,49
Quick Ratio	1,49	1,37	1,38	1,49
Equity Ratio	0,37	0,27	0,28	0,33
Gross Profit Margin	70,21 %	60,34 %	75,17 %	90,68 %