NORDIC INNOVATORS NORWAY AS

5165 LAKSEVÅG

Finances

Share Ownership

Return on Equity

163,87 %

Current Ratio

2,21

Debt-to-Equity Ratio

1,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 461 000	10 019 000	6 087 000	1 349 000
Net Income	3 764 000	1 788 000	376 000	−2 106 000
Total Assets	9 235 000	5 355 000	2 729 000	986 000
Total Equity	2 297 000	33 000	−1 755 000	−2 131 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 461 000	10 019 000	6 087 000	1 349 000
Expenditure	12 699 000	8 229 000	5 711 000	3 464 000
Operating Profit	4 761 000	1 790 000	376 000	−2 115 000
Financial Income	29 000	1 000	5 000	9 000
Financial Costs	4 000	3 000	6 000	0
Financial Balance	25 000	−2 000	−1 000	9 000
Earnings Before Tax	4 786 000	1 788 000	376 000	−2 106 000
Tax	1 022 000	0	0	0
Net Income	3 764 000	1 788 000	376 000	−2 106 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	9 235 000	5 355 000	2 729 000	986 000
Total Assets	9 235 000	5 355 000	2 729 000	986 000
Total Retained Equity	2 267 000	3 000	−1 760 000	−2 136 000
Total Equity	2 297 000	33 000	−1 755 000	−2 131 000
Total Long-Term Debt	2 766 000	4 634 000	4 191 000	2 821 000
Total Current Debt	4 171 000	687 000	293 000	296 000
Total Equity and Debt	9 235 000	5 355 000	2 729 000	986 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 902 000	8 127 000	4 824 000	1 349 000
Other Income	2 559 000	1 893 000	1 263 000	0
Revenue	17 461 000	10 019 000	6 087 000	1 349 000
Cost of Goods Sold	909 000	5 040 000	4 943 000	3 036 000
Salary Costs	10 537 000	2 039 000	309 000	23 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	12 699 000	8 229 000	5 711 000	3 464 000
Operating Profit	4 761 000	1 790 000	376 000	−2 115 000
Financial Income	29 000	1 000	5 000	9 000
Financial Costs	4 000	3 000	6 000	0
Financial Balance	25 000	−2 000	−1 000	9 000
Dividends	1 500 000	0	0	0
Net Income	3 764 000	1 788 000	376 000	−2 106 000

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	381 000	115 000	254 000	162 000
Total Current Assets	9 235 000	5 355 000	2 729 000	986 000
Total Assets	9 235 000	5 355 000	2 729 000	986 000
Total Equity	2 297 000	33 000	−1 755 000	−2 131 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 766 000	4 634 000	4 191 000	2 821 000
Creditors	426 000	68 000	60 000	161 000
Unpaid Taxes	795 000	383 000	225 000	135 000
Dividends	1 500 000	0	0	0
Other Current Debt	440 000	236 000	8 000	0
Total Current Debt	4 171 000	687 000	293 000	296 000
Total Equity and Debt	9 235 000	5 355 000	2 729 000	986 000

Financial indicators	2022	2021	2020	2019
Return on Equity	163,87 %	5 418,18 %	−21,42 %	98,83 %
Debt-to-Equity Ratio	1,2	140,42	−2,39	−1,32
Operating Profit Margin	27,27 %	17,87 %	6,18 %	−156,78 %
Current Ratio	2,21	7,79	9,31	3,33
Quick Ratio	2,21	7,79	9,31	3,33
Equity Ratio	0,25	0,01	−0,64	−2,16
Gross Profit Margin	94,79 %	49,7 %	18,79 %	−125,06 %