INNOVATION-X AS

1341 SLEPENDEN

Finances

Share Ownership

Return on Equity

39,87 %

Current Ratio

4,19

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 941 000	1 388 000	1 846 000	1 746 000
Net Income	614 000	252 000	355 000	6 000
Total Assets	2 023 000	1 355 000	1 251 000	921 000
Total Equity	1 540 000	1 026 000	774 000	419 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 941 000	1 388 000	1 846 000	1 746 000
Expenditure	1 157 000	1 193 000	1 392 000	1 750 000
Operating Profit	784 000	195 000	454 000	−4 000
Financial Income	4 000	0	1 000	0
Financial Costs	0	0	0	0
Financial Balance	4 000	0	1 000	0
Earnings Before Tax	789 000	195 000	455 000	−3 000
Tax	175 000	−57 000	100 000	−10 000
Net Income	614 000	252 000	355 000	6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	2 023 000	1 355 000	1 251 000	921 000
Total Assets	2 023 000	1 355 000	1 251 000	921 000
Total Retained Equity	1 510 000	996 000	744 000	389 000
Total Equity	1 540 000	1 026 000	774 000	419 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	483 000	329 000	478 000	503 000
Total Equity and Debt	2 023 000	1 355 000	1 251 000	921 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 941 000	1 388 000	1 846 000	1 746 000
Other Income	0	0	0	0
Revenue	1 941 000	1 388 000	1 846 000	1 746 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 030 000	1 142 000	1 302 000	1 711 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 157 000	1 193 000	1 392 000	1 750 000
Operating Profit	784 000	195 000	454 000	−4 000
Financial Income	4 000	0	1 000	0
Financial Costs	0	0	0	0
Financial Balance	4 000	0	1 000	0
Dividends	0	0	0	0
Net Income	614 000	252 000	355 000	6 000

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	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 788 000	1 028 000	777 000	271 000
Total Current Assets	2 023 000	1 355 000	1 251 000	921 000
Total Assets	2 023 000	1 355 000	1 251 000	921 000
Total Equity	1 540 000	1 026 000	774 000	419 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	2 000	0
Unpaid Taxes	191 000	173 000	262 000	344 000
Dividends	0	0	0	0
Other Current Debt	117 000	112 000	113 000	159 000
Total Current Debt	483 000	329 000	478 000	503 000
Total Equity and Debt	2 023 000	1 355 000	1 251 000	921 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,87 %	24,56 %	45,87 %	1,43 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	40,39 %	14,05 %	24,59 %	−0,23 %
Current Ratio	4,19	4,12	2,62	1,83
Quick Ratio	4,19	4,12	2,62	1,83
Equity Ratio	0,76	0,76	0,62	0,45
Gross Profit Margin	100 %	100 %	100 %	100 %