NOVARE AS

4876 GRIMSTAD

Finances

Share Ownership

Return on Equity

−1,61 %

Current Ratio

3,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	678 000	912 000	1 384 000	1 112 000
Net Income	−5 000	−240 000	179 000	−12 000
Total Assets	419 000	442 000	951 000	579 000
Total Equity	310 000	315 000	555 000	376 000

Income (NOK)	2022	2021	2020	2019
Revenue	678 000	912 000	1 384 000	1 112 000
Expenditure	686 000	1 153 000	1 206 000	1 124 000
Operating Profit	−8 000	−240 000	177 000	−13 000
Financial Income	3 000	0	1 000	2 000
Financial Costs	0	0	0	0
Financial Balance	3 000	0	1 000	2 000
Earnings Before Tax	−5 000	−240 000	179 000	−12 000
Tax	0	0	0	0
Net Income	−5 000	−240 000	179 000	−12 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	419 000	442 000	951 000	579 000
Total Assets	419 000	442 000	951 000	579 000
Total Retained Equity	110 000	115 000	355 000	176 000
Total Equity	310 000	315 000	555 000	376 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	109 000	127 000	396 000	203 000
Total Equity and Debt	419 000	442 000	951 000	579 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	650 000	912 000	1 384 000	957 000
Other Income	28 000	0	0	155 000
Revenue	678 000	912 000	1 384 000	1 112 000
Cost of Goods Sold	38 000	58 000	47 000	88 000
Salary Costs	272 000	697 000	690 000	618 000
Depreciation	0	0	0	8 000
Impairment	0	0	0	0
Expenditure	686 000	1 153 000	1 206 000	1 124 000
Operating Profit	−8 000	−240 000	177 000	−13 000
Financial Income	3 000	0	1 000	2 000
Financial Costs	0	0	0	0
Financial Balance	3 000	0	1 000	2 000
Dividends	0	0	0	0
Net Income	−5 000	−240 000	179 000	−12 000

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	307 000	163 000	692 000	127 000
Total Current Assets	419 000	442 000	951 000	579 000
Total Assets	419 000	442 000	951 000	579 000
Total Equity	310 000	315 000	555 000	376 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 000	20 000	3 000	27 000
Unpaid Taxes	81 000	44 000	306 000	98 000
Dividends	0	0	0	0
Other Current Debt	23 000	63 000	88 000	78 000
Total Current Debt	109 000	127 000	396 000	203 000
Total Equity and Debt	419 000	442 000	951 000	579 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,61 %	−76,19 %	32,25 %	−3,19 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1,18 %	−26,32 %	12,79 %	−1,17 %
Current Ratio	3,84	3,48	2,4	2,85
Quick Ratio	3,84	3,48	2,4	2,85
Equity Ratio	0,74	0,71	0,58	0,65
Gross Profit Margin	94,4 %	93,64 %	96,6 %	92,09 %