INNOVASEA AS

5068 BERGEN

Finances

Share Ownership

Return on Equity

−1 126,73 %

Current Ratio

1,21

Debt-to-Equity Ratio

−20,79

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 618 000	32 897 000	21 972 000	15 887 000
Net Income	2 276 000	−2 342 000	−2 484 000	156 000
Total Assets	20 633 000	18 576 000	10 910 000	8 628 000
Total Equity	−202 000	−2 477 000	−135 000	2 348 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 618 000	32 897 000	21 972 000	15 887 000
Expenditure	33 355 000	34 409 000	25 297 000	15 295 000
Operating Profit	2 262 000	−1 512 000	−3 326 000	593 000
Financial Income	297 000	95 000	573 000	11 000
Financial Costs	283 000	283 000	428 000	395 000
Financial Balance	14 000	−188 000	145 000	−384 000
Earnings Before Tax	2 276 000	−1 700 000	−3 181 000	209 000
Tax	0	642 000	−698 000	53 000
Net Income	2 276 000	−2 342 000	−2 484 000	156 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	585 000	499 000	806 000	242 000
Total Current Assets	20 048 000	18 077 000	10 105 000	8 385 000
Total Assets	20 633 000	18 576 000	10 910 000	8 628 000
Total Retained Equity	−223 000	−2 499 000	−157 000	2 326 000
Total Equity	−202 000	−2 477 000	−135 000	2 348 000
Total Long-Term Debt	4 200 000	4 200 000	4 675 000	4 414 000
Total Current Debt	16 635 000	16 854 000	6 371 000	1 866 000
Total Equity and Debt	20 633 000	18 576 000	10 910 000	8 628 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 618 000	32 897 000	21 972 000	15 887 000
Other Income	0	0	0	0
Revenue	35 618 000	32 897 000	21 972 000	15 887 000
Cost of Goods Sold	16 011 000	22 902 000	14 914 000	6 710 000
Salary Costs	9 617 000	7 213 000	6 995 000	5 368 000
Depreciation	231 000	145 000	78 000	63 000
Impairment	0	0	0	0
Expenditure	33 355 000	34 409 000	25 297 000	15 295 000
Operating Profit	2 262 000	−1 512 000	−3 326 000	593 000
Financial Income	297 000	95 000	573 000	11 000
Financial Costs	283 000	283 000	428 000	395 000
Financial Balance	14 000	−188 000	145 000	−384 000
Dividends	0	0	0	0
Net Income	2 276 000	−2 342 000	−2 484 000	156 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	642 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	585 000	499 000	164 000	242 000
Total Tangible Assets	585 000	499 000	164 000	242 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	585 000	499 000	806 000	242 000
Stock	5 418 000	5 600 000	5 510 000	2 474 000
Total Investments	0	0	0	0
Cash, Bank	2 176 000	1 305 000	2 180 000	3 640 000
Total Current Assets	20 048 000	18 077 000	10 105 000	8 385 000
Total Assets	20 633 000	18 576 000	10 910 000	8 628 000
Total Equity	−202 000	−2 477 000	−135 000	2 348 000
Short-Term Group Debt	13 834 000	14 710 000	4 065 000	51 000
Total Long-Term Debt	4 200 000	4 200 000	4 675 000	4 414 000
Creditors	1 527 000	711 000	940 000	705 000
Unpaid Taxes	512 000	732 000	819 000	649 000
Dividends	0	0	0	0
Other Current Debt	762 000	700 000	548 000	461 000
Total Current Debt	16 635 000	16 854 000	6 371 000	1 866 000
Total Equity and Debt	20 633 000	18 576 000	10 910 000	8 628 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1 126,73 %	94,55 %	1 840 %	6,64 %
Debt-to-Equity Ratio	−20,79	−1,7	−34,63	1,88
Operating Profit Margin	6,35 %	−4,6 %	−15,14 %	3,73 %
Current Ratio	1,21	1,07	1,59	4,49
Quick Ratio	1,79	1,61	11,74	−13,79
Equity Ratio	−0,01	−0,13	−0,01	0,27
Gross Profit Margin	55,05 %	30,38 %	32,12 %	57,76 %