INNOVAR ENGINEERING AS

4051 SOLA

Finances

Return on Equity

2,09 %

Current Ratio

219,5

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	550 000	9 722 000	829 000	4 664 000
Total Assets	26 784 000	36 475 000	26 788 000	26 174 000
Total Equity	26 311 000	25 761 000	26 039 000	25 210 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	18 000	21 000	25 000	66 000
Operating Profit	−18 000	−21 000	−25 000	−66 000
Financial Income	689 000	12 022 000	873 000	4 789 000
Financial Costs	102 000	2 132 000	0	1 000
Financial Balance	587 000	9 890 000	873 000	4 788 000
Earnings Before Tax	569 000	9 869 000	848 000	4 722 000
Tax	19 000	148 000	19 000	57 000
Net Income	550 000	9 722 000	829 000	4 664 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 419 000	2 419 000	2 169 000	2 169 000
Total Current Assets	24 365 000	34 057 000	24 619 000	24 005 000
Total Assets	26 784 000	36 475 000	26 788 000	26 174 000
Total Retained Equity	25 460 000	24 910 000	25 189 000	24 359 000
Total Equity	26 311 000	25 761 000	26 039 000	25 210 000
Total Long-Term Debt	362 000	452 000	565 000	730 000
Total Current Debt	111 000	10 262 000	183 000	234 000
Total Equity and Debt	26 784 000	36 475 000	26 788 000	26 174 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	18 000	21 000	25 000	66 000
Operating Profit	−18 000	−21 000	−25 000	−66 000
Financial Income	689 000	12 022 000	873 000	4 789 000
Financial Costs	102 000	2 132 000	0	1 000
Financial Balance	587 000	9 890 000	873 000	4 788 000
Dividends	0	10 000 000	0	0
Net Income	550 000	9 722 000	829 000	4 664 000

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	2 419 000	2 419 000	2 169 000	2 169 000
Total Fixed Assets	2 419 000	2 419 000	2 169 000	2 169 000
Stock	0	0	0	0
Total Investments	13 079 000	59 000	13 225 000	12 414 000
Cash, Bank	11 286 000	33 997 000	11 394 000	8 102 000
Total Current Assets	24 365 000	34 057 000	24 619 000	24 005 000
Total Assets	26 784 000	36 475 000	26 788 000	26 174 000
Total Equity	26 311 000	25 761 000	26 039 000	25 210 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	362 000	452 000	565 000	730 000
Creditors	1 000	1 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	10 000 000	0	0
Other Current Debt	0	0	0	0
Total Current Debt	111 000	10 262 000	183 000	234 000
Total Equity and Debt	26 784 000	36 475 000	26 788 000	26 174 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,09 %	37,74 %	3,18 %	18,5 %
Debt-to-Equity Ratio	0,01	0,02	0,02	0,03
Operating Profit Margin	-	-	-	-
Current Ratio	219,5	3,32	134,53	102,59
Quick Ratio	219,5	3,32	134,53	102,59
Equity Ratio	0,98	0,71	0,97	0,96
Gross Profit Margin	-	-	-	-