HORIZON INNOVATION AS

1360 FORNEBU

Finances

Return on Equity

3,49 %

Current Ratio

86,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	120 000	0	200 000	200 000
Net Income	199 000	6 144 000	81 000	48 000
Total Assets	5 769 000	6 636 000	1 639 000	509 000
Total Equity	5 707 000	6 408 000	264 000	183 000

Income (NOK)	2022	2021	2020	2019
Revenue	120 000	0	200 000	200 000
Expenditure	−100 000	44 000	73 000	151 000
Operating Profit	220 000	−44 000	127 000	49 000
Financial Income	36 000	12 535 000	30 000	12 000
Financial Costs	0	6 271 000	54 000	0
Financial Balance	36 000	6 264 000	−24 000	12 000
Earnings Before Tax	255 000	6 220 000	103 000	61 000
Tax	56 000	76 000	23 000	13 000
Net Income	199 000	6 144 000	81 000	48 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	378 000	2 173 000	1 566 000	472 000
Total Current Assets	5 391 000	4 463 000	72 000	37 000
Total Assets	5 769 000	6 636 000	1 639 000	509 000
Total Retained Equity	5 607 000	6 308 000	164 000	83 000
Total Equity	5 707 000	6 408 000	264 000	183 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	62 000	228 000	1 375 000	325 000
Total Equity and Debt	5 769 000	6 636 000	1 639 000	509 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	120 000	0	200 000	200 000
Other Income	0	0	0	0
Revenue	120 000	0	200 000	200 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	−100 000	44 000	73 000	151 000
Operating Profit	220 000	−44 000	127 000	49 000
Financial Income	36 000	12 535 000	30 000	12 000
Financial Costs	0	6 271 000	54 000	0
Financial Balance	36 000	6 264 000	−24 000	12 000
Dividends	900 000	0	0	0
Net Income	199 000	6 144 000	81 000	48 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	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	378 000	2 173 000	1 566 000	472 000
Total Fixed Assets	378 000	2 173 000	1 566 000	472 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 391 000	4 370 000	23 000	20 000
Total Current Assets	5 391 000	4 463 000	72 000	37 000
Total Assets	5 769 000	6 636 000	1 639 000	509 000
Total Equity	5 707 000	6 408 000	264 000	183 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	900 000	0	0	0
Other Current Debt	2 000	152 000	1 352 000	312 000
Total Current Debt	62 000	228 000	1 375 000	325 000
Total Equity and Debt	5 769 000	6 636 000	1 639 000	509 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,49 %	95,88 %	30,68 %	26,23 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	183,33 %	-	63,5 %	24,5 %
Current Ratio	86,95	19,57	0,05	0,11
Quick Ratio	86,95	19,57	0,05	0,11
Equity Ratio	0,99	0,97	0,16	0,36
Gross Profit Margin	100 %	-	100 %	100 %