MORE INNOVATION AS

7010 TRONDHEIM

Finances

Return on Equity

−50 %

Current Ratio

0,02

Debt-to-Equity Ratio

4,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 000	0	0	0
Net Income	−223 000	−340 000	−68 000	−93 000
Total Assets	2 853 000	2 925 000	3 176 000	3 151 000
Total Equity	446 000	709 000	1 049 000	1 117 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 000	0	0	0
Expenditure	151 000	359 000	23 000	66 000
Operating Profit	−101 000	−359 000	−23 000	−66 000
Financial Income	0	106 000	49 000	62 000
Financial Costs	122 000	87 000	93 000	89 000
Financial Balance	−122 000	19 000	−44 000	−27 000
Earnings Before Tax	−223 000	−340 000	−68 000	−93 000
Tax	0	0	0	0
Net Income	−223 000	−340 000	−68 000	−93 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 848 000	2 888 000	3 162 000	3 138 000
Total Current Assets	4 000	37 000	15 000	14 000
Total Assets	2 853 000	2 925 000	3 176 000	3 151 000
Total Retained Equity	0	0	−345 000	−278 000
Total Equity	446 000	709 000	1 049 000	1 117 000
Total Long-Term Debt	2 206 000	2 105 000	1 998 000	1 600 000
Total Current Debt	200 000	111 000	130 000	434 000
Total Equity and Debt	2 853 000	2 925 000	3 176 000	3 151 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	50 000	0	0	0
Revenue	50 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	100 000	107 000	0	40 000
Depreciation	0	0	0	0
Impairment	0	222 000	0	0
Expenditure	151 000	359 000	23 000	66 000
Operating Profit	−101 000	−359 000	−23 000	−66 000
Financial Income	0	106 000	49 000	62 000
Financial Costs	122 000	87 000	93 000	89 000
Financial Balance	−122 000	19 000	−44 000	−27 000
Dividends	0	0	0	0
Net Income	−223 000	−340 000	−68 000	−93 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	222 000	222 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	222 000	222 000
Total Fiancial Fixed Assets	2 848 000	2 888 000	2 940 000	2 916 000
Total Fixed Assets	2 848 000	2 888 000	3 162 000	3 138 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	37 000	15 000	14 000
Total Current Assets	4 000	37 000	15 000	14 000
Total Assets	2 853 000	2 925 000	3 176 000	3 151 000
Total Equity	446 000	709 000	1 049 000	1 117 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 206 000	2 105 000	1 998 000	1 600 000
Creditors	10 000	4 000	10 000	50 000
Unpaid Taxes	0	17 000	0	0
Dividends	0	0	0	0
Other Current Debt	190 000	90 000	120 000	384 000
Total Current Debt	200 000	111 000	130 000	434 000
Total Equity and Debt	2 853 000	2 925 000	3 176 000	3 151 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−50 %	−47,95 %	−6,48 %	−8,33 %
Debt-to-Equity Ratio	4,95	2,97	1,9	1,43
Operating Profit Margin	−202 %	-	-	-
Current Ratio	0,02	0,33	0,12	0,03
Quick Ratio	0,02	0,33	0,12	0,03
Equity Ratio	0,16	0,24	0,33	0,35
Gross Profit Margin	100 %	-	-	-