INNOVATION GARAGE AS

9016 TROMSØ

Finances

Share Ownership

Return on Equity

−13,63 %

Current Ratio

0,27

Debt-to-Equity Ratio

−0,85

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 440 000	1 440 000	2 163 000	4 087 000
Net Income	243 000	251 000	238 000	959 000
Total Assets	98 000	164 000	143 000	959 000
Total Equity	−1 783 000	−2 026 000	−2 277 000	−2 515 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 440 000	1 440 000	2 163 000	4 087 000
Expenditure	1 079 000	1 056 000	1 747 000	2 950 000
Operating Profit	361 000	384 000	417 000	1 137 000
Financial Income	0	0	0	0
Financial Costs	118 000	133 000	180 000	178 000
Financial Balance	−118 000	−133 000	−180 000	−178 000
Earnings Before Tax	243 000	251 000	238 000	959 000
Tax	0	0	0	0
Net Income	243 000	251 000	238 000	959 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	4 000	17 000	38 000
Total Current Assets	98 000	159 000	126 000	921 000
Total Assets	98 000	164 000	143 000	959 000
Total Retained Equity	−1 866 000	−2 109 000	−2 360 000	−2 598 000
Total Equity	−1 783 000	−2 026 000	−2 277 000	−2 515 000
Total Long-Term Debt	1 514 000	1 964 000	2 214 000	2 964 000
Total Current Debt	367 000	225 000	206 000	509 000
Total Equity and Debt	98 000	164 000	143 000	959 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 440 000	1 440 000	2 163 000	4 087 000
Other Income	0	0	0	0
Revenue	1 440 000	1 440 000	2 163 000	4 087 000
Cost of Goods Sold	0	0	13 000	7 000
Salary Costs	775 000	732 000	1 081 000	2 098 000
Depreciation	4 000	13 000	21 000	26 000
Impairment	0	0	0	0
Expenditure	1 079 000	1 056 000	1 747 000	2 950 000
Operating Profit	361 000	384 000	417 000	1 137 000
Financial Income	0	0	0	0
Financial Costs	118 000	133 000	180 000	178 000
Financial Balance	−118 000	−133 000	−180 000	−178 000
Dividends	0	0	0	0
Net Income	243 000	251 000	238 000	959 000

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	4 000	17 000	38 000
Total Tangible Assets	0	4 000	17 000	38 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	4 000	17 000	38 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	79 000	145 000	113 000	421 000
Total Current Assets	98 000	159 000	126 000	921 000
Total Assets	98 000	164 000	143 000	959 000
Total Equity	−1 783 000	−2 026 000	−2 277 000	−2 515 000
Short-Term Group Debt	90 000	0	0	13 000
Total Long-Term Debt	1 514 000	1 964 000	2 214 000	2 964 000
Creditors	7 000	1 000	1 000	1 000
Unpaid Taxes	137 000	130 000	138 000	293 000
Dividends	0	0	0	0
Other Current Debt	133 000	95 000	68 000	202 000
Total Current Debt	367 000	225 000	206 000	509 000
Total Equity and Debt	98 000	164 000	143 000	959 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,63 %	−12,39 %	−10,45 %	−38,13 %
Debt-to-Equity Ratio	−0,85	−0,97	−0,97	−1,18
Operating Profit Margin	25,07 %	26,67 %	19,28 %	27,82 %
Current Ratio	0,27	0,71	0,61	1,81
Quick Ratio	0,27	0,71	0,61	1,81
Equity Ratio	−18,19	−12,35	−15,92	−2,62
Gross Profit Margin	100 %	100 %	99,4 %	99,83 %