INNOVATION DOCK EVENT AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

−67,5 %

Current Ratio

1,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 360 000	717 000	463 000	1 619 000
Net Income	−81 000	−12 000	−361 000	−197 000
Total Assets	512 000	657 000	635 000	558 000
Total Equity	120 000	201 000	212 000	140 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 360 000	717 000	463 000	1 619 000
Expenditure	1 468 000	729 000	946 000	1 848 000
Operating Profit	−108 000	−12 000	−483 000	−229 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	2 000
Financial Balance	0	0	0	−2 000
Earnings Before Tax	−108 000	−12 000	−483 000	−231 000
Tax	−27 000	0	−122 000	−33 000
Net Income	−81 000	−12 000	−361 000	−197 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 000	0	0	0
Total Current Assets	485 000	657 000	635 000	558 000
Total Assets	512 000	657 000	635 000	558 000
Total Retained Equity	0	0	−361 000	0
Total Equity	120 000	201 000	212 000	140 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	393 000	456 000	423 000	418 000
Total Equity and Debt	512 000	657 000	635 000	558 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 259 000	417 000	463 000	1 618 000
Other Income	101 000	300 000	0	1 000
Revenue	1 360 000	717 000	463 000	1 619 000
Cost of Goods Sold	417 000	146 000	341 000	1 173 000
Salary Costs	280 000	47 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 468 000	729 000	946 000	1 848 000
Operating Profit	−108 000	−12 000	−483 000	−229 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	2 000
Financial Balance	0	0	0	−2 000
Dividends	0	0	0	0
Net Income	−81 000	−12 000	−361 000	−197 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	27 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	27 000	0	0	0
Stock	63 000	42 000	6 000	20 000
Total Investments	0	0	0	0
Cash, Bank	108 000	39 000	36 000	89 000
Total Current Assets	485 000	657 000	635 000	558 000
Total Assets	512 000	657 000	635 000	558 000
Total Equity	120 000	201 000	212 000	140 000
Short-Term Group Debt	156 000	312 000	342 000	95 000
Total Long-Term Debt	0	0	0	0
Creditors	28 000	80 000	72 000	294 000
Unpaid Taxes	29 000	7 000	0	20 000
Dividends	0	0	0	0
Other Current Debt	179 000	57 000	9 000	9 000
Total Current Debt	393 000	456 000	423 000	418 000
Total Equity and Debt	512 000	657 000	635 000	558 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−67,5 %	−5,97 %	−170,28 %	−140,71 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−7,94 %	−1,67 %	−104,32 %	−14,14 %
Current Ratio	1,23	1,44	1,5	1,33
Quick Ratio	1,47	1,59	1,52	1,4
Equity Ratio	0,23	0,31	0,33	0,25
Gross Profit Margin	69,34 %	79,64 %	26,35 %	27,55 %