INNOVATE AS

0166 OSLO

Finances

Share Ownership

Return on Equity

18,89 %

Current Ratio

0,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 500 000	2 739 000	2 769 000	3 778 000
Net Income	41 000	52 000	305 000	1 223 000
Total Assets	1 508 000	3 258 000	3 236 000	2 448 000
Total Equity	217 000	176 000	323 000	118 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 500 000	2 739 000	2 769 000	3 778 000
Expenditure	3 458 000	2 686 000	2 464 000	2 555 000
Operating Profit	42 000	53 000	305 000	1 223 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	41 000	52 000	305 000	1 223 000
Tax	0	0	0	0
Net Income	41 000	52 000	305 000	1 223 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	475 000	250 000	250 000	100 000
Total Current Assets	1 033 000	3 008 000	2 986 000	2 348 000
Total Assets	1 508 000	3 258 000	3 236 000	2 448 000
Total Retained Equity	49 000	7 000	155 000	−50 000
Total Equity	217 000	176 000	323 000	118 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 291 000	3 082 000	2 913 000	2 330 000
Total Equity and Debt	1 508 000	3 258 000	3 236 000	2 448 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 500 000	2 731 000	2 769 000	2 528 000
Other Income	0	7 000	0	1 250 000
Revenue	3 500 000	2 739 000	2 769 000	3 778 000
Cost of Goods Sold	11 000	10 000	459 000	586 000
Salary Costs	58 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 458 000	2 686 000	2 464 000	2 555 000
Operating Profit	42 000	53 000	305 000	1 223 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	41 000	52 000	305 000	1 223 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	475 000	250 000	250 000	100 000
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	475 000	250 000	250 000	100 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	815 000	260 000	434 000	107 000
Total Current Assets	1 033 000	3 008 000	2 986 000	2 348 000
Total Assets	1 508 000	3 258 000	3 236 000	2 448 000
Total Equity	217 000	176 000	323 000	118 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	210 000	625 000	88 000	113 000
Unpaid Taxes	2 000	201 000	271 000	0
Dividends	0	0	0	0
Other Current Debt	1 079 000	2 256 000	2 554 000	2 217 000
Total Current Debt	1 291 000	3 082 000	2 913 000	2 330 000
Total Equity and Debt	1 508 000	3 258 000	3 236 000	2 448 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,89 %	29,55 %	94,43 %	1 036,44 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,2 %	1,94 %	11,01 %	32,37 %
Current Ratio	0,8	0,98	1,03	1,01
Quick Ratio	0,8	0,98	1,03	1,01
Equity Ratio	0,14	0,05	0,1	0,05
Gross Profit Margin	99,69 %	99,63 %	83,42 %	84,49 %