INNOVASJON ELEKTRO AS

1940 BJØRKELANGEN

Finances

Share Ownership

Return on Equity

12,73 %

Current Ratio

2,67

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 475 000	5 568 000	5 221 000	4 671 000
Net Income	199 000	−71 000	225 000	286 000
Total Assets	2 460 000	2 522 000	2 375 000	2 077 000
Total Equity	1 563 000	1 364 000	1 435 000	1 210 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 475 000	5 568 000	5 221 000	4 671 000
Expenditure	6 246 000	5 635 000	4 932 000	4 323 000
Operating Profit	229 000	−67 000	288 000	348 000
Financial Income	3 000	0	2 000	16 000
Financial Costs	0	0	1 000	0
Financial Balance	3 000	0	1 000	16 000
Earnings Before Tax	231 000	−67 000	289 000	364 000
Tax	32 000	5 000	64 000	78 000
Net Income	199 000	−71 000	225 000	286 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	61 000	83 000	83 000	111 000
Total Current Assets	2 398 000	2 439 000	2 292 000	1 966 000
Total Assets	2 460 000	2 522 000	2 375 000	2 077 000
Total Retained Equity	1 313 000	1 114 000	1 185 000	960 000
Total Equity	1 563 000	1 364 000	1 435 000	1 210 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	897 000	1 158 000	940 000	867 000
Total Equity and Debt	2 460 000	2 522 000	2 375 000	2 077 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 474 000	5 536 000	5 221 000	4 670 000
Other Income	1 000	32 000	0	0
Revenue	6 475 000	5 568 000	5 221 000	4 671 000
Cost of Goods Sold	2 365 000	1 812 000	1 616 000	1 041 000
Salary Costs	2 933 000	2 894 000	2 450 000	2 424 000
Depreciation	21 000	28 000	16 000	19 000
Impairment	0	0	0	0
Expenditure	6 246 000	5 635 000	4 932 000	4 323 000
Operating Profit	229 000	−67 000	288 000	348 000
Financial Income	3 000	0	2 000	16 000
Financial Costs	0	0	1 000	0
Financial Balance	3 000	0	1 000	16 000
Dividends	0	0	0	0
Net Income	199 000	−71 000	225 000	286 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	5 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	61 000	83 000	39 000	39 000
Total Tangible Assets	61 000	83 000	39 000	39 000
Total Fiancial Fixed Assets	0	0	39 000	71 000
Total Fixed Assets	61 000	83 000	83 000	111 000
Stock	491 000	477 000	391 000	391 000
Total Investments	0	0	0	13 000
Cash, Bank	1 394 000	1 460 000	1 524 000	1 068 000
Total Current Assets	2 398 000	2 439 000	2 292 000	1 966 000
Total Assets	2 460 000	2 522 000	2 375 000	2 077 000
Total Equity	1 563 000	1 364 000	1 435 000	1 210 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	204 000	367 000	211 000	171 000
Unpaid Taxes	373 000	502 000	445 000	363 000
Dividends	0	0	0	0
Other Current Debt	288 000	289 000	217 000	251 000
Total Current Debt	897 000	1 158 000	940 000	867 000
Total Equity and Debt	2 460 000	2 522 000	2 375 000	2 077 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,73 %	−5,21 %	15,68 %	23,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,54 %	−1,2 %	5,52 %	7,45 %
Current Ratio	2,67	2,11	2,44	2,27
Quick Ratio	5,91	3,58	4,17	4,13
Equity Ratio	0,64	0,54	0,6	0,58
Gross Profit Margin	63,47 %	67,46 %	69,05 %	77,71 %