NORWEGIAN INNOVATION TECHNOLOGY GROUP AS

5236 RÅDAL

Finances

Share Ownership

Return on Equity

90,06 %

Current Ratio

0,28

Debt-to-Equity Ratio

−1,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 000 000	0	4 146 000	95 000
Net Income	−12 750 000	−5 708 000	−4 931 000	−11 600 000
Total Assets	13 054 000	20 003 000	21 111 000	23 902 000
Total Equity	−14 158 000	−1 408 000	4 300 000	−28 714 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 000 000	0	4 146 000	95 000
Expenditure	2 636 000	5 112 000	9 554 000	8 301 000
Operating Profit	−10 275 000	−5 112 000	−5 408 000	−8 206 000
Financial Income	0	0	481 000	60 000
Financial Costs	2 476 000	596 000	5 000	3 454 000
Financial Balance	−2 476 000	−596 000	476 000	−3 394 000
Earnings Before Tax	−12 750 000	−5 708 000	−4 931 000	−11 600 000
Tax	0	0	0	0
Net Income	−12 750 000	−5 708 000	−4 931 000	−11 600 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 717 000	10 880 000	17 890 000	19 022 000
Total Current Assets	1 337 000	9 123 000	3 221 000	4 880 000
Total Assets	13 054 000	20 003 000	21 111 000	23 902 000
Total Retained Equity	−18 458 000	−5 708 000	0	−36 944 000
Total Equity	−14 158 000	−1 408 000	4 300 000	−28 714 000
Total Long-Term Debt	22 361 000	13 336 000	12 898 000	47 725 000
Total Current Debt	4 851 000	8 074 000	3 913 000	4 891 000
Total Equity and Debt	13 054 000	20 003 000	21 111 000	23 902 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 000 000	0	50 000	95 000
Other Income	0	0	4 096 000	0
Revenue	1 000 000	0	4 146 000	95 000
Cost of Goods Sold	0	0	43 000	85 000
Salary Costs	836 000	1 493 000	1 345 000	1 462 000
Depreciation	180 000	151 000	2 472 000	8 460 000
Impairment	0	0	3 796 000	0
Expenditure	2 636 000	5 112 000	9 554 000	8 301 000
Operating Profit	−10 275 000	−5 112 000	−5 408 000	−8 206 000
Financial Income	0	0	481 000	60 000
Financial Costs	2 476 000	596 000	5 000	3 454 000
Financial Balance	−2 476 000	−596 000	476 000	−3 394 000
Dividends	0	0	0	0
Net Income	−12 750 000	−5 708 000	−4 931 000	−11 600 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 232 000	3 496 000	2 685 000	1 797 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	6 733 000	0	0	0
Fixtures	0	6 633 000	14 452 000	16 317 000
Total Tangible Assets	6 733 000	6 633 000	14 452 000	16 317 000
Total Fiancial Fixed Assets	751 000	751 000	753 000	908 000
Total Fixed Assets	11 717 000	10 880 000	17 890 000	19 022 000
Stock	0	8 639 000	0	0
Total Investments	0	0	0	0
Cash, Bank	84 000	331 000	848 000	4 626 000
Total Current Assets	1 337 000	9 123 000	3 221 000	4 880 000
Total Assets	13 054 000	20 003 000	21 111 000	23 902 000
Total Equity	−14 158 000	−1 408 000	4 300 000	−28 714 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	22 361 000	13 336 000	12 898 000	47 725 000
Creditors	777 000	314 000	274 000	243 000
Unpaid Taxes	172 000	219 000	110 000	111 000
Dividends	0	0	0	0
Other Current Debt	3 901 000	7 541 000	3 529 000	4 538 000
Total Current Debt	4 851 000	8 074 000	3 913 000	4 891 000
Total Equity and Debt	13 054 000	20 003 000	21 111 000	23 902 000

Financial indicators	2022	2021	2020	2019
Return on Equity	90,06 %	405,4 %	−114,67 %	40,4 %
Debt-to-Equity Ratio	−1,58	−9,47	3	−1,66
Operating Profit Margin	−1 027,5 %	-	−130,44 %	−8 637,89 %
Current Ratio	0,28	1,13	0,82	1
Quick Ratio	0,28	−16,15	0,82	1
Equity Ratio	−1,08	−0,07	0,2	−1,2
Gross Profit Margin	100 %	-	98,96 %	10,53 %