VINCO INNOVATION AS

5239 RÅDAL

Finances

Share Ownership

Return on Equity

10,64 %

Current Ratio

1,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 481 000	946 000	589 000	259 000
Net Income	5 000	7 000	−33 000	53 000
Total Assets	225 000	178 000	232 000	127 000
Total Equity	47 000	42 000	35 000	68 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 481 000	946 000	589 000	259 000
Expenditure	1 443 000	918 000	621 000	191 000
Operating Profit	38 000	27 000	−32 000	67 000
Financial Income	0	0	0	0
Financial Costs	33 000	21 000	0	0
Financial Balance	−33 000	−21 000	0	0
Earnings Before Tax	5 000	7 000	−32 000	67 000
Tax	0	0	1 000	15 000
Net Income	5 000	7 000	−33 000	53 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	16 000	0
Total Current Assets	225 000	178 000	216 000	127 000
Total Assets	225 000	178 000	232 000	127 000
Total Retained Equity	17 000	18 000	11 000	44 000
Total Equity	47 000	42 000	35 000	68 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	178 000	136 000	197 000	58 000
Total Equity and Debt	225 000	178 000	232 000	127 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 000	135 000	195 000	259 000
Other Income	1 455 000	811 000	394 000	0
Revenue	1 481 000	946 000	589 000	259 000
Cost of Goods Sold	98 000	0	0	0
Salary Costs	1 029 000	696 000	437 000	100 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 443 000	918 000	621 000	191 000
Operating Profit	38 000	27 000	−32 000	67 000
Financial Income	0	0	0	0
Financial Costs	33 000	21 000	0	0
Financial Balance	−33 000	−21 000	0	0
Dividends	0	0	0	0
Net Income	5 000	7 000	−33 000	53 000

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	0	0	16 000	0
Total Fixed Assets	0	0	16 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	190 000	144 000	89 000	127 000
Total Current Assets	225 000	178 000	216 000	127 000
Total Assets	225 000	178 000	232 000	127 000
Total Equity	47 000	42 000	35 000	68 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	1 000	1 000	0
Unpaid Taxes	58 000	63 000	12 000	35 000
Dividends	0	0	0	0
Other Current Debt	116 000	66 000	184 000	9 000
Total Current Debt	178 000	136 000	197 000	58 000
Total Equity and Debt	225 000	178 000	232 000	127 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,64 %	16,67 %	−94,29 %	77,94 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,57 %	2,85 %	−5,43 %	25,87 %
Current Ratio	1,26	1,31	1,1	2,19
Quick Ratio	1,26	1,31	1,1	2,19
Equity Ratio	0,21	0,24	0,15	0,54
Gross Profit Margin	93,38 %	100 %	100 %	100 %