SCANDIC INNOVATION AS

1177 OSLO

Finances

Return on Equity

12,47 %

Current Ratio

2,23

Debt-to-Equity Ratio

2,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	916 000	2 200 000	531 000	1 693 000
Net Income	373 000	2 177 000	−4 000	413 000
Total Assets	10 310 000	9 597 000	11 001 000	11 008 000
Total Equity	2 992 000	2 619 000	442 000	446 000

Income (NOK)	2022	2021	2020	2019
Revenue	916 000	2 200 000	531 000	1 693 000
Expenditure	290 000	1 251 000	381 000	1 034 000
Operating Profit	627 000	948 000	150 000	659 000
Financial Income	0	1 421 000	0	−5 000
Financial Costs	254 000	252 000	155 000	140 000
Financial Balance	−254 000	1 169 000	−155 000	−145 000
Earnings Before Tax	373 000	2 118 000	−5 000	515 000
Tax	0	−59 000	−1 000	102 000
Net Income	373 000	2 177 000	−4 000	413 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 594 000	7 644 000	10 935 000	10 939 000
Total Current Assets	2 716 000	1 953 000	66 000	69 000
Total Assets	10 310 000	9 597 000	11 001 000	11 008 000
Total Retained Equity	2 892 000	2 519 000	342 000	346 000
Total Equity	2 992 000	2 619 000	442 000	446 000
Total Long-Term Debt	6 099 000	5 454 000	4 221 000	4 900 000
Total Current Debt	1 219 000	1 524 000	6 338 000	5 662 000
Total Equity and Debt	10 310 000	9 597 000	11 001 000	11 008 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	855 000	2 150 000	492 000	1 693 000
Other Income	61 000	50 000	39 000	0
Revenue	916 000	2 200 000	531 000	1 693 000
Cost of Goods Sold	20 000	145 000	59 000	390 000
Salary Costs	0	1 000	25 000	380 000
Depreciation	16 000	15 000	4 000	0
Impairment	0	0	0	0
Expenditure	290 000	1 251 000	381 000	1 034 000
Operating Profit	627 000	948 000	150 000	659 000
Financial Income	0	1 421 000	0	−5 000
Financial Costs	254 000	252 000	155 000	140 000
Financial Balance	−254 000	1 169 000	−155 000	−145 000
Dividends	0	0	0	0
Net Income	373 000	2 177 000	−4 000	413 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	42 000	0	0
Real Eastate	7 507 000	7 507 000	7 200 000	7 200 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 000	20 000	35 000	39 000
Total Tangible Assets	7 511 000	7 527 000	7 235 000	7 239 000
Total Fiancial Fixed Assets	83 000	75 000	3 700 000	3 700 000
Total Fixed Assets	7 594 000	7 644 000	10 935 000	10 939 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	17 000	13 000	5 000	9 000
Total Current Assets	2 716 000	1 953 000	66 000	69 000
Total Assets	10 310 000	9 597 000	11 001 000	11 008 000
Total Equity	2 992 000	2 619 000	442 000	446 000
Short-Term Group Debt	0	866 000	5 695 000	4 042 000
Total Long-Term Debt	6 099 000	5 454 000	4 221 000	4 900 000
Creditors	183 000	333 000	52 000	28 000
Unpaid Taxes	0	226 000	0	77 000
Dividends	0	0	0	0
Other Current Debt	1 035 000	98 000	578 000	1 486 000
Total Current Debt	1 219 000	1 524 000	6 338 000	5 662 000
Total Equity and Debt	10 310 000	9 597 000	11 001 000	11 008 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,47 %	83,12 %	−0,9 %	92,6 %
Debt-to-Equity Ratio	2,04	2,08	9,55	10,99
Operating Profit Margin	68,45 %	43,09 %	28,25 %	38,92 %
Current Ratio	2,23	1,28	0,01	0,01
Quick Ratio	2,23	1,28	0,01	0,01
Equity Ratio	0,29	0,27	0,04	0,04
Gross Profit Margin	97,82 %	93,41 %	88,89 %	76,96 %