INOVAPRO AS

4340 BRYNE

Finances

Share Ownership

Return on Equity

−47,72 %

Current Ratio

1,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 403 000	14 605 000	10 801 000	8 683 000
Net Income	−1 160 000	65 000	451 000	−17 000
Total Assets	15 810 000	10 005 000	2 757 000	2 401 000
Total Equity	2 431 000	941 000	916 000	582 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 403 000	14 605 000	10 801 000	8 683 000
Expenditure	18 598 000	14 410 000	10 166 000	8 649 000
Operating Profit	−1 196 000	195 000	636 000	35 000
Financial Income	31 000	0	0	0
Financial Costs	322 000	112 000	57 000	57 000
Financial Balance	−291 000	−112 000	−57 000	−57 000
Earnings Before Tax	−1 486 000	84 000	578 000	−21 000
Tax	−326 000	19 000	128 000	−5 000
Net Income	−1 160 000	65 000	451 000	−17 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	569 000	174 000	57 000	82 000
Total Current Assets	15 241 000	9 831 000	2 700 000	2 319 000
Total Assets	15 810 000	10 005 000	2 757 000	2 401 000
Total Retained Equity	0	841 000	816 000	482 000
Total Equity	2 431 000	941 000	916 000	582 000
Total Long-Term Debt	0	6 000	515 000	624 000
Total Current Debt	13 380 000	9 058 000	1 326 000	1 195 000
Total Equity and Debt	15 810 000	10 005 000	2 757 000	2 401 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 403 000	14 601 000	10 801 000	8 683 000
Other Income	0	4 000	0	0
Revenue	17 403 000	14 605 000	10 801 000	8 683 000
Cost of Goods Sold	14 208 000	10 788 000	7 771 000	6 165 000
Salary Costs	2 329 000	2 086 000	1 161 000	1 076 000
Depreciation	76 000	23 000	22 000	25 000
Impairment	0	0	0	0
Expenditure	18 598 000	14 410 000	10 166 000	8 649 000
Operating Profit	−1 196 000	195 000	636 000	35 000
Financial Income	31 000	0	0	0
Financial Costs	322 000	112 000	57 000	57 000
Financial Balance	−291 000	−112 000	−57 000	−57 000
Dividends	0	0	0	0
Net Income	−1 160 000	65 000	451 000	−17 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	320 000	0	1 000	5 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	148 000	174 000	56 000	77 000
Total Tangible Assets	249 000	174 000	56 000	77 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	569 000	174 000	57 000	82 000
Stock	10 951 000	8 461 000	1 921 000	1 577 000
Total Investments	0	0	0	0
Cash, Bank	82 000	107 000	88 000	83 000
Total Current Assets	15 241 000	9 831 000	2 700 000	2 319 000
Total Assets	15 810 000	10 005 000	2 757 000	2 401 000
Total Equity	2 431 000	941 000	916 000	582 000
Short-Term Group Debt	0	52 000	150 000	0
Total Long-Term Debt	0	6 000	515 000	624 000
Creditors	5 573 000	5 459 000	680 000	708 000
Unpaid Taxes	160 000	279 000	197 000	70 000
Dividends	0	0	0	0
Other Current Debt	278 000	569 000	126 000	195 000
Total Current Debt	13 380 000	9 058 000	1 326 000	1 195 000
Total Equity and Debt	15 810 000	10 005 000	2 757 000	2 401 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−47,72 %	6,91 %	49,24 %	−2,92 %
Debt-to-Equity Ratio	0	0,01	0,56	1,07
Operating Profit Margin	−6,87 %	1,34 %	5,89 %	0,4 %
Current Ratio	1,14	1,09	2,04	1,94
Quick Ratio	6,27	16,47	−4,54	−6,07
Equity Ratio	0,15	0,09	0,33	0,24
Gross Profit Margin	18,36 %	26,13 %	28,05 %	29 %