NOVATEL AS

3148 HVASSER

Finances

Share Ownership

Return on Equity

−164,6 %

Current Ratio

4,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	284 000	0	0	0
Net Income	−265 000	−1 000	139 000	−3 000
Total Assets	207 000	428 000	428 000	450 000
Total Equity	161 000	426 000	427 000	288 000

Income (NOK)	2022	2021	2020	2019
Revenue	284 000	0	0	0
Expenditure	125 000	1 000	6 000	3 000
Operating Profit	158 000	−1 000	−6 000	−3 000
Financial Income	0	0	146 000	0
Financial Costs	405 000	0	0	1 000
Financial Balance	−405 000	0	146 000	−1 000
Earnings Before Tax	−247 000	−1 000	139 000	−3 000
Tax	19 000	0	0	0
Net Income	−265 000	−1 000	139 000	−3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	405 000	405 000	446 000
Total Current Assets	207 000	23 000	23 000	4 000
Total Assets	207 000	428 000	428 000	450 000
Total Retained Equity	131 000	396 000	397 000	258 000
Total Equity	161 000	426 000	427 000	288 000
Total Long-Term Debt	0	2 000	1 000	161 000
Total Current Debt	46 000	0	0	0
Total Equity and Debt	207 000	428 000	428 000	450 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	284 000	0	0	0
Other Income	0	0	0	0
Revenue	284 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	4 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	125 000	1 000	6 000	3 000
Operating Profit	158 000	−1 000	−6 000	−3 000
Financial Income	0	0	146 000	0
Financial Costs	405 000	0	0	1 000
Financial Balance	−405 000	0	146 000	−1 000
Dividends	0	0	0	0
Net Income	−265 000	−1 000	139 000	−3 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	405 000	405 000	446 000
Total Fixed Assets	0	405 000	405 000	446 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	154 000	23 000	23 000	4 000
Total Current Assets	207 000	23 000	23 000	4 000
Total Assets	207 000	428 000	428 000	450 000
Total Equity	161 000	426 000	427 000	288 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	2 000	1 000	161 000
Creditors	18 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	9 000	0	0	0
Total Current Debt	46 000	0	0	0
Total Equity and Debt	207 000	428 000	428 000	450 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−164,6 %	−0,23 %	32,55 %	−1,04 %
Debt-to-Equity Ratio	0	0	0	0,56
Operating Profit Margin	55,63 %	-	-	-
Current Ratio	4,5	-	-	-
Quick Ratio	4,5	-	-	-
Equity Ratio	0,78	1	1	0,64
Gross Profit Margin	100 %	-	-	-