E INNOVATION NORGE AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

176,53 %

Current Ratio

0,86

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 985 000	29 047 000	19 902 000	28 710 000
Net Income	17 183 000	5 803 000	1 309 000	588 000
Total Assets	38 596 000	30 678 000	32 595 000	52 600 000
Total Equity	9 734 000	11 577 000	18 113 000	21 023 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 985 000	29 047 000	19 902 000	28 710 000
Expenditure	22 046 000	21 602 000	18 247 000	28 043 000
Operating Profit	21 938 000	7 445 000	1 655 000	667 000
Financial Income	104 000	11 000	57 000	146 000
Financial Costs	6 000	17 000	35 000	41 000
Financial Balance	98 000	−6 000	22 000	105 000
Earnings Before Tax	22 037 000	7 440 000	1 678 000	773 000
Tax	4 854 000	1 637 000	369 000	185 000
Net Income	17 183 000	5 803 000	1 309 000	588 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 869 000	18 368 000	21 838 000	21 398 000
Total Current Assets	24 726 000	12 309 000	10 757 000	31 202 000
Total Assets	38 596 000	30 678 000	32 595 000	52 600 000
Total Retained Equity	0	−6 537 000	0	0
Total Equity	9 734 000	11 577 000	18 113 000	21 023 000
Total Long-Term Debt	241 000	940 000	1 820 000	2 070 000
Total Current Debt	28 620 000	18 161 000	12 661 000	29 507 000
Total Equity and Debt	38 596 000	30 678 000	32 595 000	52 600 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	43 985 000	29 047 000	19 902 000	28 710 000
Other Income	0	0	0	0
Revenue	43 985 000	29 047 000	19 902 000	28 710 000
Cost of Goods Sold	3 638 000	2 773 000	2 476 000	13 802 000
Salary Costs	6 998 000	6 048 000	4 407 000	5 041 000
Depreciation	5 459 000	6 588 000	6 623 000	6 148 000
Impairment	0	0	0	0
Expenditure	22 046 000	21 602 000	18 247 000	28 043 000
Operating Profit	21 938 000	7 445 000	1 655 000	667 000
Financial Income	104 000	11 000	57 000	146 000
Financial Costs	6 000	17 000	35 000	41 000
Financial Balance	98 000	−6 000	22 000	105 000
Dividends	19 000 000	12 330 000	11 000 000	0
Net Income	17 183 000	5 803 000	1 309 000	588 000

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	12 321 000	16 525 000	19 779 000	19 227 000
Fixtures	298 000	481 000	584 000	2 172 000
Total Tangible Assets	13 804 000	18 303 000	21 773 000	21 398 000
Total Fiancial Fixed Assets	65 000	65 000	65 000	0
Total Fixed Assets	13 869 000	18 368 000	21 838 000	21 398 000
Stock	1 286 000	1 232 000	1 639 000	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	24 726 000	12 309 000	10 757 000	31 202 000
Total Assets	38 596 000	30 678 000	32 595 000	52 600 000
Total Equity	9 734 000	11 577 000	18 113 000	21 023 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	241 000	940 000	1 820 000	2 070 000
Creditors	1 966 000	2 939 000	420 000	20 049 000
Unpaid Taxes	855 000	440 000	399 000	0
Dividends	19 000 000	12 330 000	11 000 000	0
Other Current Debt	1 422 000	151 000	31 000	9 458 000
Total Current Debt	28 620 000	18 161 000	12 661 000	29 507 000
Total Equity and Debt	38 596 000	30 678 000	32 595 000	52 600 000

Financial indicators	2022	2021	2020	2019
Return on Equity	176,53 %	50,13 %	7,23 %	2,8 %
Debt-to-Equity Ratio	0,02	0,08	0,1	0,1
Operating Profit Margin	49,88 %	25,63 %	8,32 %	2,32 %
Current Ratio	0,86	0,68	0,85	1,06
Quick Ratio	0,9	0,73	0,98	1,06
Equity Ratio	0,25	0,38	0,56	0,4
Gross Profit Margin	91,73 %	90,45 %	87,56 %	51,93 %