INNOVATIV UTVIKLING AS

2320 FURNES

Finances

Share Ownership

Return on Equity

40,23 %

Current Ratio

75,71

Debt-to-Equity Ratio

−5,76

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	52 000	83 000	0
Net Income	−381 000	−336 000	−369 000	−80 000
Total Assets	4 565 000	4 625 000	4 757 000	4 827 000
Total Equity	−947 000	−641 000	−304 000	−55 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	52 000	83 000	0
Expenditure	269 000	299 000	346 000	58 000
Operating Profit	−268 000	−246 000	−263 000	−59 000
Financial Income	0	0	0	0
Financial Costs	113 000	90 000	106 000	21 000
Financial Balance	−113 000	−90 000	−106 000	−21 000
Earnings Before Tax	−381 000	−336 000	−369 000	−80 000
Tax	0	0	0	0
Net Income	−381 000	−336 000	−369 000	−80 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	174 000	4 483 000	4 639 000	4 616 000
Total Current Assets	4 391 000	142 000	118 000	210 000
Total Assets	4 565 000	4 625 000	4 757 000	4 827 000
Total Retained Equity	−1 166 000	−785 000	−449 000	−80 000
Total Equity	−947 000	−641 000	−304 000	−55 000
Total Long-Term Debt	5 453 000	5 212 000	5 028 000	4 844 000
Total Current Debt	58 000	54 000	33 000	38 000
Total Equity and Debt	4 565 000	4 625 000	4 757 000	4 827 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	52 000	83 000	0
Revenue	0	52 000	83 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	10 000	18 000	73 000	5 000
Depreciation	106 000	106 000	104 000	29 000
Impairment	0	0	0	0
Expenditure	269 000	299 000	346 000	58 000
Operating Profit	−268 000	−246 000	−263 000	−59 000
Financial Income	0	0	0	0
Financial Costs	113 000	90 000	106 000	21 000
Financial Balance	−113 000	−90 000	−106 000	−21 000
Dividends	0	0	0	0
Net Income	−381 000	−336 000	−369 000	−80 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	4 204 000	4 204 000	4 204 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	174 000	280 000	435 000	413 000
Total Tangible Assets	174 000	4 483 000	4 639 000	4 616 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	174 000	4 483 000	4 639 000	4 616 000
Stock	4 273 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	89 000	117 000	113 000	193 000
Total Current Assets	4 391 000	142 000	118 000	210 000
Total Assets	4 565 000	4 625 000	4 757 000	4 827 000
Total Equity	−947 000	−641 000	−304 000	−55 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 453 000	5 212 000	5 028 000	4 844 000
Creditors	47 000	38 000	5 000	5 000
Unpaid Taxes	0	6 000	5 000	24 000
Dividends	0	0	0	0
Other Current Debt	10 000	9 000	23 000	9 000
Total Current Debt	58 000	54 000	33 000	38 000
Total Equity and Debt	4 565 000	4 625 000	4 757 000	4 827 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,23 %	52,42 %	121,38 %	145,45 %
Debt-to-Equity Ratio	−5,76	−8,13	−16,54	−88,07
Operating Profit Margin	-	−473,08 %	−316,87 %	-
Current Ratio	75,71	2,63	3,58	5,53
Quick Ratio	−1,04	2,63	3,58	5,53
Equity Ratio	−0,21	−0,14	−0,06	−0,01
Gross Profit Margin	-	100 %	100 %	-