ENGAGE INNOVATE AS

4034 STAVANGER

Finances

Return on Equity

15,28 %

Current Ratio

0,91

Debt-to-Equity Ratio

0,6

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 510 000	4 998 000	3 189 000	6 207 000
Net Income	110 000	838 000	−297 000	729 000
Total Assets	3 139 000	5 554 000	5 767 000	5 294 000
Total Equity	720 000	720 000	720 000	720 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 510 000	4 998 000	3 189 000	6 207 000
Expenditure	4 056 000	3 755 000	3 384 000	5 066 000
Operating Profit	454 000	1 243 000	−195 000	1 141 000
Financial Income	2 000	45 000	4 000	9 000
Financial Costs	212 000	208 000	143 000	209 000
Financial Balance	−210 000	−163 000	−139 000	−200 000
Earnings Before Tax	245 000	1 080 000	−334 000	941 000
Tax	135 000	242 000	−37 000	213 000
Net Income	110 000	838 000	−297 000	729 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 339 000	1 395 000	1 371 000	1 334 000
Total Current Assets	1 800 000	4 159 000	4 395 000	3 960 000
Total Assets	3 139 000	5 554 000	5 767 000	5 294 000
Total Retained Equity	0	0	0	0
Total Equity	720 000	720 000	720 000	720 000
Total Long-Term Debt	432 000	959 000	1 450 000	0
Total Current Debt	1 987 000	3 875 000	3 597 000	4 574 000
Total Equity and Debt	3 139 000	5 554 000	5 767 000	5 294 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 510 000	4 730 000	3 084 000	6 207 000
Other Income	0	267 000	106 000	0
Revenue	4 510 000	4 998 000	3 189 000	6 207 000
Cost of Goods Sold	106 000	271 000	25 000	529 000
Salary Costs	2 635 000	2 007 000	1 372 000	1 507 000
Depreciation	12 000	0	0	18 000
Impairment	0	0	0	0
Expenditure	4 056 000	3 755 000	3 384 000	5 066 000
Operating Profit	454 000	1 243 000	−195 000	1 141 000
Financial Income	2 000	45 000	4 000	9 000
Financial Costs	212 000	208 000	143 000	209 000
Financial Balance	−210 000	−163 000	−139 000	−200 000
Dividends	0	0	0	0
Net Income	110 000	838 000	−297 000	729 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	572 000	660 000	636 000	599 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	91 000	59 000	59 000	59 000
Total Tangible Assets	91 000	59 000	59 000	59 000
Total Fiancial Fixed Assets	676 000	676 000	676 000	676 000
Total Fixed Assets	1 339 000	1 395 000	1 371 000	1 334 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	23 000	87 000	87 000	240 000
Total Current Assets	1 800 000	4 159 000	4 395 000	3 960 000
Total Assets	3 139 000	5 554 000	5 767 000	5 294 000
Total Equity	720 000	720 000	720 000	720 000
Short-Term Group Debt	780 000	1 302 000	51 000	0
Total Long-Term Debt	432 000	959 000	1 450 000	0
Creditors	124 000	373 000	444 000	128 000
Unpaid Taxes	164 000	139 000	127 000	453 000
Dividends	0	0	0	0
Other Current Debt	919 000	2 062 000	2 974 000	3 193 000
Total Current Debt	1 987 000	3 875 000	3 597 000	4 574 000
Total Equity and Debt	3 139 000	5 554 000	5 767 000	5 294 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,28 %	116,39 %	−41,25 %	101,25 %
Debt-to-Equity Ratio	0,6	1,33	2,01	0
Operating Profit Margin	10,07 %	24,87 %	−6,11 %	18,38 %
Current Ratio	0,91	1,07	1,22	0,87
Quick Ratio	0,91	1,07	1,22	0,87
Equity Ratio	0,23	0,13	0,12	0,14
Gross Profit Margin	97,65 %	94,58 %	99,22 %	91,48 %