PINOVO AS

5397 BEKKJARVIK

Finances

Share Ownership

Return on Equity

−15,25 %

Current Ratio

2,08

Debt-to-Equity Ratio

0,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 048 000	5 341 000	3 912 000	4 861 000
Net Income	−1 452 000	−3 137 000	−12 825 000	−5 517 000
Total Assets	18 511 000	15 796 000	15 993 000	26 570 000
Total Equity	9 523 000	6 985 000	8 272 000	13 777 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 048 000	5 341 000	3 912 000	4 861 000
Expenditure	10 118 000	8 080 000	16 329 000	10 060 000
Operating Profit	−1 070 000	−2 741 000	−12 416 000	−5 199 000
Financial Income	49 000	19 000	62 000	197 000
Financial Costs	431 000	415 000	471 000	515 000
Financial Balance	−382 000	−396 000	−409 000	−318 000
Earnings Before Tax	−1 452 000	−3 137 000	−12 825 000	−5 517 000
Tax	0	0	0	0
Net Income	−1 452 000	−3 137 000	−12 825 000	−5 517 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 381 000	11 460 000	11 993 000	15 195 000
Total Current Assets	7 130 000	4 336 000	4 001 000	11 375 000
Total Assets	18 511 000	15 796 000	15 993 000	26 570 000
Total Retained Equity	−24 225 000	−22 773 000	−19 636 000	−6 811 000
Total Equity	9 523 000	6 985 000	8 272 000	13 777 000
Total Long-Term Debt	5 558 000	5 857 000	5 857 000	8 327 000
Total Current Debt	3 430 000	2 954 000	1 864 000	4 466 000
Total Equity and Debt	18 511 000	15 796 000	15 993 000	26 570 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 040 000	5 130 000	3 912 000	4 370 000
Other Income	8 000	210 000	0	490 000
Revenue	9 048 000	5 341 000	3 912 000	4 861 000
Cost of Goods Sold	2 311 000	850 000	418 000	789 000
Salary Costs	3 778 000	3 910 000	3 750 000	4 179 000
Depreciation	1 382 000	413 000	452 000	383 000
Impairment	0	0	0	0
Expenditure	10 118 000	8 080 000	16 329 000	10 060 000
Operating Profit	−1 070 000	−2 741 000	−12 416 000	−5 199 000
Financial Income	49 000	19 000	62 000	197 000
Financial Costs	431 000	415 000	471 000	515 000
Financial Balance	−382 000	−396 000	−409 000	−318 000
Dividends	0	0	0	0
Net Income	−1 452 000	−3 137 000	−12 825 000	−5 517 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 348 000	10 522 000	10 617 000	10 616 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	673 000	934 000	0	0
Fixtures	350 000	4 000	1 376 000	1 733 000
Total Tangible Assets	1 023 000	938 000	1 376 000	1 733 000
Total Fiancial Fixed Assets	10 000	0	0	2 846 000
Total Fixed Assets	11 381 000	11 460 000	11 993 000	15 195 000
Stock	4 864 000	3 724 000	3 464 000	1 837 000
Total Investments	0	0	0	0
Cash, Bank	140 000	198 000	163 000	91 000
Total Current Assets	7 130 000	4 336 000	4 001 000	11 375 000
Total Assets	18 511 000	15 796 000	15 993 000	26 570 000
Total Equity	9 523 000	6 985 000	8 272 000	13 777 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 558 000	5 857 000	5 857 000	8 327 000
Creditors	197 000	195 000	256 000	1 407 000
Unpaid Taxes	265 000	398 000	323 000	202 000
Dividends	0	0	0	0
Other Current Debt	1 574 000	1 414 000	1 239 000	1 409 000
Total Current Debt	3 430 000	2 954 000	1 864 000	4 466 000
Total Equity and Debt	18 511 000	15 796 000	15 993 000	26 570 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,25 %	−44,91 %	−155,04 %	−40,05 %
Debt-to-Equity Ratio	0,58	0,84	0,71	0,6
Operating Profit Margin	−11,83 %	−51,32 %	−317,38 %	−106,95 %
Current Ratio	2,08	1,47	2,15	2,55
Quick Ratio	−4,97	−5,63	−2,5	4,33
Equity Ratio	0,51	0,44	0,52	0,52
Gross Profit Margin	74,46 %	84,09 %	89,31 %	83,77 %