RENOVATION GROUP AS

0378 OSLO

Finances

Return on Equity

−505,95 %

Current Ratio

1,66

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 969 000	93 000	80 000	67 000
Net Income	−39 004 000	−5 623 000	−2 906 000	−3 322 000
Total Assets	9 908 000	48 864 000	17 607 000	8 689 000
Total Equity	7 709 000	46 713 000	15 919 000	6 891 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 969 000	93 000	80 000	67 000
Expenditure	4 907 000	5 685 000	2 986 000	3 338 000
Operating Profit	−2 939 000	−5 592 000	−2 906 000	−3 272 000
Financial Income	13 000	10 000	5 000	1 000
Financial Costs	36 078 000	42 000	6 000	0
Financial Balance	−36 065 000	−32 000	−1 000	1 000
Earnings Before Tax	−39 004 000	−5 623 000	−2 906 000	−3 271 000
Tax	0	0	0	51 000
Net Income	−39 004 000	−5 623 000	−2 906 000	−3 322 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 748 000	38 165 000	16 756 000	6 833 000
Total Current Assets	1 160 000	10 699 000	851 000	1 856 000
Total Assets	9 908 000	48 864 000	17 607 000	8 689 000
Total Retained Equity	0	−14 562 000	0	0
Total Equity	7 709 000	46 713 000	15 919 000	6 891 000
Total Long-Term Debt	1 500 000	1 500 000	1 500 000	1 500 000
Total Current Debt	699 000	651 000	188 000	298 000
Total Equity and Debt	9 908 000	48 864 000	17 607 000	8 689 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 969 000	93 000	80 000	63 000
Other Income	0	0	0	4 000
Revenue	1 969 000	93 000	80 000	67 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 043 000	4 439 000	1 277 000	1 478 000
Depreciation	417 000	378 000	279 000	40 000
Impairment	0	0	0	0
Expenditure	4 907 000	5 685 000	2 986 000	3 338 000
Operating Profit	−2 939 000	−5 592 000	−2 906 000	−3 272 000
Financial Income	13 000	10 000	5 000	1 000
Financial Costs	36 078 000	42 000	6 000	0
Financial Balance	−36 065 000	−32 000	−1 000	1 000
Dividends	0	0	0	0
Net Income	−39 004 000	−5 623 000	−2 906 000	−3 322 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 467 000	3 144 000	1 767 000	594 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	30 000	12 000	15 000	19 000
Total Tangible Assets	30 000	12 000	15 000	19 000
Total Fiancial Fixed Assets	5 251 000	35 009 000	14 974 000	6 221 000
Total Fixed Assets	8 748 000	38 165 000	16 756 000	6 833 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	531 000	10 629 000	512 000	1 551 000
Total Current Assets	1 160 000	10 699 000	851 000	1 856 000
Total Assets	9 908 000	48 864 000	17 607 000	8 689 000
Total Equity	7 709 000	46 713 000	15 919 000	6 891 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 500 000	1 500 000	1 500 000	1 500 000
Creditors	34 000	15 000	−28 000	0
Unpaid Taxes	320 000	295 000	98 000	127 000
Dividends	0	0	0	0
Other Current Debt	345 000	340 000	118 000	171 000
Total Current Debt	699 000	651 000	188 000	298 000
Total Equity and Debt	9 908 000	48 864 000	17 607 000	8 689 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−505,95 %	−12,04 %	−18,25 %	−48,21 %
Debt-to-Equity Ratio	0,19	0,03	0,09	0,22
Operating Profit Margin	−149,26 %	−6 012,9 %	−3 632,5 %	−4 883,58 %
Current Ratio	1,66	16,43	4,53	6,23
Quick Ratio	1,66	16,43	4,53	6,23
Equity Ratio	0,78	0,96	0,9	0,79
Gross Profit Margin	100 %	100 %	100 %	100 %