NOVARC AS

0275 OSLO

Finances

Share Ownership

Return on Equity

39,29 %

Current Ratio

0,57

Debt-to-Equity Ratio

−3,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	107 000	496 000	870 000	69 000
Net Income	−55 000	10 000	27 000	−253 000
Total Assets	350 000	404 000	516 000	347 000
Total Equity	−140 000	−85 000	−95 000	−121 000

Income (NOK)	2022	2021	2020	2019
Revenue	107 000	496 000	870 000	69 000
Expenditure	198 000	558 000	789 000	396 000
Operating Profit	−91 000	−61 000	81 000	−328 000
Financial Income	33 000	86 000	0	12 000
Financial Costs	13 000	12 000	47 000	9 000
Financial Balance	20 000	74 000	−47 000	3 000
Earnings Before Tax	−70 000	13 000	35 000	−324 000
Tax	−15 000	3 000	8 000	−71 000
Net Income	−55 000	10 000	27 000	−253 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	337 000	322 000	325 000	332 000
Total Current Assets	12 000	82 000	191 000	15 000
Total Assets	350 000	404 000	516 000	347 000
Total Retained Equity	−1 202 000	−1 147 000	−1 157 000	−1 184 000
Total Equity	−140 000	−85 000	−95 000	−121 000
Total Long-Term Debt	468 000	489 000	563 000	447 000
Total Current Debt	21 000	0	48 000	22 000
Total Equity and Debt	350 000	404 000	516 000	347 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	107 000	496 000	870 000	69 000
Other Income	0	0	0	0
Revenue	107 000	496 000	870 000	69 000
Cost of Goods Sold	138 000	459 000	564 000	5 000
Salary Costs	0	0	77 000	156 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	198 000	558 000	789 000	396 000
Operating Profit	−91 000	−61 000	81 000	−328 000
Financial Income	33 000	86 000	0	12 000
Financial Costs	13 000	12 000	47 000	9 000
Financial Balance	20 000	74 000	−47 000	3 000
Dividends	0	0	0	0
Net Income	−55 000	10 000	27 000	−253 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	337 000	322 000	325 000	332 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	337 000	322 000	325 000	332 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 000	76 000	49 000	0
Total Current Assets	12 000	82 000	191 000	15 000
Total Assets	350 000	404 000	516 000	347 000
Total Equity	−140 000	−85 000	−95 000	−121 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	468 000	489 000	563 000	447 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	48 000	−2 000
Dividends	0	0	0	0
Other Current Debt	21 000	0	0	24 000
Total Current Debt	21 000	0	48 000	22 000
Total Equity and Debt	350 000	404 000	516 000	347 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,29 %	−11,76 %	−28,42 %	209,09 %
Debt-to-Equity Ratio	−3,34	−5,75	−5,93	−3,69
Operating Profit Margin	−85,05 %	−12,3 %	9,31 %	−475,36 %
Current Ratio	0,57	-	3,98	0,68
Quick Ratio	0,57	-	3,98	0,68
Equity Ratio	−0,4	−0,21	−0,18	−0,35
Gross Profit Margin	−28,97 %	7,46 %	35,17 %	92,75 %