NORCE INNOVATION AS

4021 STAVANGER

Finances

Return on Equity

−11,85 %

Current Ratio

21,93

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 121 000	117 977 000	2 078 000	55 031 000
Net Income	−11 744 000	104 758 000	−11 051 000	48 462 000
Total Assets	101 366 000	174 591 000	92 531 000	96 951 000
Total Equity	99 098 000	170 842 000	65 842 000	59 876 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 121 000	117 977 000	2 078 000	55 031 000
Expenditure	11 784 000	13 433 000	9 648 000	7 006 000
Operating Profit	−8 662 000	104 544 000	−7 570 000	48 024 000
Financial Income	1 637 000	499 000	1 505 000	581 000
Financial Costs	4 719 000	286 000	4 986 000	143 000
Financial Balance	−3 082 000	213 000	−3 481 000	438 000
Earnings Before Tax	−11 744 000	104 758 000	−11 051 000	48 462 000
Tax	0	0	0	0
Net Income	−11 744 000	104 758 000	−11 051 000	48 462 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	54 165 000	55 920 000	46 107 000	11 197 000
Total Current Assets	47 202 000	118 671 000	46 424 000	85 755 000
Total Assets	101 366 000	174 591 000	92 531 000	96 951 000
Total Retained Equity	67 637 000	139 381 000	34 623 000	34 446 000
Total Equity	99 098 000	170 842 000	65 842 000	59 876 000
Total Long-Term Debt	116 000	116 000	116 000	0
Total Current Debt	2 152 000	3 633 000	26 572 000	37 076 000
Total Equity and Debt	101 366 000	174 591 000	92 531 000	96 951 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 602 000	4 914 000	1 878 000	1 910 000
Other Income	519 000	113 063 000	200 000	53 121 000
Revenue	3 121 000	117 977 000	2 078 000	55 031 000
Cost of Goods Sold	1 585 000	3 330 000	817 000	610 000
Salary Costs	7 187 000	6 633 000	5 938 000	4 851 000
Depreciation	20 000	11 000	0	0
Impairment	0	0	0	0
Expenditure	11 784 000	13 433 000	9 648 000	7 006 000
Operating Profit	−8 662 000	104 544 000	−7 570 000	48 024 000
Financial Income	1 637 000	499 000	1 505 000	581 000
Financial Costs	4 719 000	286 000	4 986 000	143 000
Financial Balance	−3 082 000	213 000	−3 481 000	438 000
Dividends	0	0	20 000 000	30 000 000
Net Income	−11 744 000	104 758 000	−11 051 000	48 462 000

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	30 000	28 000	0	0
Total Tangible Assets	30 000	28 000	0	0
Total Fiancial Fixed Assets	54 134 000	55 892 000	46 107 000	11 197 000
Total Fixed Assets	54 165 000	55 920 000	46 107 000	11 197 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	46 373 000	115 711 000	45 454 000	82 332 000
Total Current Assets	47 202 000	118 671 000	46 424 000	85 755 000
Total Assets	101 366 000	174 591 000	92 531 000	96 951 000
Total Equity	99 098 000	170 842 000	65 842 000	59 876 000
Short-Term Group Debt	0	0	4 887 000	0
Total Long-Term Debt	116 000	116 000	116 000	0
Creditors	396 000	2 155 000	601 000	401 000
Unpaid Taxes	570 000	446 000	448 000	5 255 000
Dividends	0	0	20 000 000	30 000 000
Other Current Debt	1 186 000	1 032 000	636 000	1 420 000
Total Current Debt	2 152 000	3 633 000	26 572 000	37 076 000
Total Equity and Debt	101 366 000	174 591 000	92 531 000	96 951 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,85 %	61,32 %	−16,78 %	80,94 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−277,54 %	88,61 %	−364,29 %	87,27 %
Current Ratio	21,93	32,66	1,75	2,31
Quick Ratio	21,93	32,66	1,75	2,31
Equity Ratio	0,98	0,98	0,71	0,62
Gross Profit Margin	49,21 %	97,18 %	60,68 %	98,89 %