INOVATEC AS

3890 VINJE

Finances

Return on Equity

−19 %

Current Ratio

8,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	923 000	2 383 000	2 047 000	403 000
Net Income	−42 000	734 000	518 000	76 000
Total Assets	242 000	932 000	1 402 000	295 000
Total Equity	221 000	514 000	450 000	82 000

Income (NOK)	2022	2021	2020	2019
Revenue	923 000	2 383 000	2 047 000	403 000
Expenditure	965 000	1 420 000	1 326 000	311 000
Operating Profit	−42 000	963 000	721 000	93 000
Financial Income	0	1 000	0	0
Financial Costs	0	20 000	19 000	0
Financial Balance	0	−19 000	−19 000	0
Earnings Before Tax	−42 000	944 000	702 000	93 000
Tax	0	209 000	184 000	16 000
Net Income	−42 000	734 000	518 000	76 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	72 000	110 000	516 000	38 000
Total Current Assets	170 000	822 000	887 000	257 000
Total Assets	242 000	932 000	1 402 000	295 000
Total Retained Equity	191 000	484 000	420 000	52 000
Total Equity	221 000	514 000	450 000	82 000
Total Long-Term Debt	0	0	413 000	0
Total Current Debt	21 000	419 000	540 000	212 000
Total Equity and Debt	242 000	932 000	1 402 000	295 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	923 000	2 334 000	2 047 000	403 000
Other Income	0	49 000	0	0
Revenue	923 000	2 383 000	2 047 000	403 000
Cost of Goods Sold	0	0	0	0
Salary Costs	568 000	647 000	429 000	155 000
Depreciation	38 000	115 000	69 000	0
Impairment	0	0	0	0
Expenditure	965 000	1 420 000	1 326 000	311 000
Operating Profit	−42 000	963 000	721 000	93 000
Financial Income	0	1 000	0	0
Financial Costs	0	20 000	19 000	0
Financial Balance	0	−19 000	−19 000	0
Dividends	250 000	671 000	150 000	0
Net Income	−42 000	734 000	518 000	76 000

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	57 000	95 000	501 000	0
Total Tangible Assets	57 000	95 000	501 000	0
Total Fiancial Fixed Assets	15 000	15 000	15 000	38 000
Total Fixed Assets	72 000	110 000	516 000	38 000
Stock	0	0	56 000	0
Total Investments	0	0	0	0
Cash, Bank	148 000	674 000	554 000	114 000
Total Current Assets	170 000	822 000	887 000	257 000
Total Assets	242 000	932 000	1 402 000	295 000
Total Equity	221 000	514 000	450 000	82 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	413 000	0
Creditors	0	6 000	10 000	13 000
Unpaid Taxes	0	136 000	154 000	111 000
Dividends	250 000	671 000	150 000	0
Other Current Debt	21 000	56 000	202 000	72 000
Total Current Debt	21 000	419 000	540 000	212 000
Total Equity and Debt	242 000	932 000	1 402 000	295 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−19 %	142,8 %	115,11 %	92,68 %
Debt-to-Equity Ratio	0	0	0,92	0
Operating Profit Margin	−4,55 %	40,41 %	35,22 %	23,08 %
Current Ratio	8,1	1,96	1,64	1,21
Quick Ratio	8,1	1,96	1,83	1,21
Equity Ratio	0,91	0,55	0,32	0,28
Gross Profit Margin	100 %	100 %	100 %	100 %