INOVA IT AS

8516 NARVIK

Finances

Share Ownership

Return on Equity

13,29 %

Current Ratio

1,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 986 000	5 510 000	4 980 000	4 745 000
Net Income	63 000	100 000	89 000	5 000
Total Assets	1 248 000	1 351 000	1 677 000	911 000
Total Equity	474 000	412 000	312 000	223 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 986 000	5 510 000	4 980 000	4 745 000
Expenditure	5 913 000	5 377 000	4 857 000	4 733 000
Operating Profit	73 000	132 000	123 000	11 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	3 000	3 000
Financial Balance	−1 000	0	−3 000	−3 000
Earnings Before Tax	73 000	132 000	120 000	8 000
Tax	10 000	32 000	31 000	3 000
Net Income	63 000	100 000	89 000	5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	47 000	66 000	33 000	62 000
Total Current Assets	1 201 000	1 284 000	1 644 000	848 000
Total Assets	1 248 000	1 351 000	1 677 000	911 000
Total Retained Equity	384 000	322 000	222 000	133 000
Total Equity	474 000	412 000	312 000	223 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	774 000	939 000	1 365 000	688 000
Total Equity and Debt	1 248 000	1 351 000	1 677 000	911 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 989 000	5 171 000	5 256 000	4 729 000
Other Income	−3 000	339 000	−276 000	16 000
Revenue	5 986 000	5 510 000	4 980 000	4 745 000
Cost of Goods Sold	3 296 000	3 098 000	2 879 000	2 639 000
Salary Costs	1 951 000	1 696 000	1 419 000	1 573 000
Depreciation	45 000	22 000	33 000	30 000
Impairment	0	0	0	0
Expenditure	5 913 000	5 377 000	4 857 000	4 733 000
Operating Profit	73 000	132 000	123 000	11 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	3 000	3 000
Financial Balance	−1 000	0	−3 000	−3 000
Dividends	0	0	0	0
Net Income	63 000	100 000	89 000	5 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 000	4 000	5 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	40 000	62 000	27 000	60 000
Total Tangible Assets	40 000	62 000	27 000	60 000
Total Fiancial Fixed Assets	0	1 000	1 000	0
Total Fixed Assets	47 000	66 000	33 000	62 000
Stock	406 000	293 000	306 000	196 000
Total Investments	0	0	0	0
Cash, Bank	521 000	355 000	692 000	54 000
Total Current Assets	1 201 000	1 284 000	1 644 000	848 000
Total Assets	1 248 000	1 351 000	1 677 000	911 000
Total Equity	474 000	412 000	312 000	223 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	352 000	582 000	639 000	393 000
Unpaid Taxes	212 000	166 000	213 000	144 000
Dividends	0	0	0	0
Other Current Debt	197 000	160 000	479 000	146 000
Total Current Debt	774 000	939 000	1 365 000	688 000
Total Equity and Debt	1 248 000	1 351 000	1 677 000	911 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,29 %	24,27 %	28,53 %	2,24 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,22 %	2,4 %	2,47 %	0,23 %
Current Ratio	1,55	1,37	1,2	1,23
Quick Ratio	3,26	1,99	1,55	1,72
Equity Ratio	0,38	0,3	0,19	0,24
Gross Profit Margin	44,94 %	43,77 %	42,19 %	44,38 %