X2 INNOVASJONSSENTER AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

−234,5 %

Current Ratio

1,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	210 000	330 000	550 000	40 000
Net Income	−469 000	−444 000	−179 000	−758 000
Total Assets	1 644 000	1 326 000	1 338 000	1 154 000
Total Equity	200 000	199 000	30 000	30 000

Income (NOK)	2022	2021	2020	2019
Revenue	210 000	330 000	550 000	40 000
Expenditure	670 000	754 000	718 000	777 000
Operating Profit	−460 000	−424 000	−168 000	−737 000
Financial Income	0	0	0	0
Financial Costs	10 000	20 000	14 000	21 000
Financial Balance	−10 000	−20 000	−14 000	−21 000
Earnings Before Tax	−469 000	−444 000	−182 000	−759 000
Tax	0	0	−3 000	−1 000
Net Income	−469 000	−444 000	−179 000	−758 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	44 000	44 000	52 000	80 000
Total Current Assets	1 601 000	1 282 000	1 286 000	1 074 000
Total Assets	1 644 000	1 326 000	1 338 000	1 154 000
Total Retained Equity	0	0	0	0
Total Equity	200 000	199 000	30 000	30 000
Total Long-Term Debt	0	0	0	3 000
Total Current Debt	1 444 000	1 127 000	1 308 000	1 121 000
Total Equity and Debt	1 644 000	1 326 000	1 338 000	1 154 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	210 000	330 000	550 000	40 000
Other Income	0	0	0	0
Revenue	210 000	330 000	550 000	40 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	8 000	28 000	28 000
Impairment	0	0	0	0
Expenditure	670 000	754 000	718 000	777 000
Operating Profit	−460 000	−424 000	−168 000	−737 000
Financial Income	0	0	0	0
Financial Costs	10 000	20 000	14 000	21 000
Financial Balance	−10 000	−20 000	−14 000	−21 000
Dividends	0	0	0	0
Net Income	−469 000	−444 000	−179 000	−758 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	6 000	29 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	44 000	44 000	45 000	50 000
Total Tangible Assets	44 000	44 000	45 000	50 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	44 000	44 000	52 000	80 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 000	94 000	84 000	0
Total Current Assets	1 601 000	1 282 000	1 286 000	1 074 000
Total Assets	1 644 000	1 326 000	1 338 000	1 154 000
Total Equity	200 000	199 000	30 000	30 000
Short-Term Group Debt	532 000	656 000	518 000	0
Total Long-Term Debt	0	0	0	3 000
Creditors	822 000	302 000	512 000	273 000
Unpaid Taxes	0	9 000	9 000	9 000
Dividends	0	0	0	0
Other Current Debt	90 000	161 000	268 000	838 000
Total Current Debt	1 444 000	1 127 000	1 308 000	1 121 000
Total Equity and Debt	1 644 000	1 326 000	1 338 000	1 154 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−234,5 %	−223,12 %	−596,67 %	−2 526,67 %
Debt-to-Equity Ratio	0	0	0	0,1
Operating Profit Margin	−219,05 %	−128,48 %	−30,55 %	−1 842,5 %
Current Ratio	1,11	1,14	0,98	0,96
Quick Ratio	1,11	1,14	0,98	0,96
Equity Ratio	0,12	0,15	0,02	0,03
Gross Profit Margin	100 %	100 %	100 %	100 %