NAVIC ENGINEERING AS

4016 STAVANGER

Finances

Share Ownership

Return on Equity

19,15 %

Current Ratio

0,06

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 398 000	3 215 000	4 576 000	10 560 000
Net Income	−1 204 000	−2 135 000	−2 240 000	124 000
Total Assets	391 000	520 000	806 000	3 367 000
Total Equity	−6 286 000	−5 082 000	−7 342 000	−5 102 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 398 000	3 215 000	4 576 000	10 560 000
Expenditure	3 300 000	5 213 000	6 636 000	10 091 000
Operating Profit	−902 000	−1 999 000	−2 061 000	469 000
Financial Income	12 000	56 000	16 000	0
Financial Costs	314 000	193 000	196 000	344 000
Financial Balance	−302 000	−137 000	−180 000	−344 000
Earnings Before Tax	−1 204 000	−2 135 000	−2 240 000	124 000
Tax	0	0	0	0
Net Income	−1 204 000	−2 135 000	−2 240 000	124 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	4 000	10 000	18 000
Total Current Assets	391 000	515 000	796 000	3 349 000
Total Assets	391 000	520 000	806 000	3 367 000
Total Retained Equity	−11 493 000	−10 290 000	−8 154 000	−5 914 000
Total Equity	−6 286 000	−5 082 000	−7 342 000	−5 102 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 677 000	5 602 000	8 148 000	8 469 000
Total Equity and Debt	391 000	520 000	806 000	3 367 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 398 000	3 215 000	4 576 000	10 560 000
Other Income	0	0	0	0
Revenue	2 398 000	3 215 000	4 576 000	10 560 000
Cost of Goods Sold	962 000	1 909 000	2 494 000	5 008 000
Salary Costs	1 366 000	2 265 000	1 669 000	2 402 000
Depreciation	4 000	6 000	8 000	8 000
Impairment	0	0	0	0
Expenditure	3 300 000	5 213 000	6 636 000	10 091 000
Operating Profit	−902 000	−1 999 000	−2 061 000	469 000
Financial Income	12 000	56 000	16 000	0
Financial Costs	314 000	193 000	196 000	344 000
Financial Balance	−302 000	−137 000	−180 000	−344 000
Dividends	0	0	0	0
Net Income	−1 204 000	−2 135 000	−2 240 000	124 000

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	4 000	10 000	18 000
Total Tangible Assets	0	4 000	10 000	18 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	4 000	10 000	18 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	48 000	76 000	141 000	108 000
Total Current Assets	391 000	515 000	796 000	3 349 000
Total Assets	391 000	520 000	806 000	3 367 000
Total Equity	−6 286 000	−5 082 000	−7 342 000	−5 102 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	187 000	63 000	252 000	244 000
Unpaid Taxes	91 000	218 000	293 000	418 000
Dividends	0	0	0	0
Other Current Debt	3 928 000	2 824 000	5 247 000	5 893 000
Total Current Debt	6 677 000	5 602 000	8 148 000	8 469 000
Total Equity and Debt	391 000	520 000	806 000	3 367 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,15 %	42,01 %	30,51 %	−2,43 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−37,61 %	−62,18 %	−45,04 %	4,44 %
Current Ratio	0,06	0,09	0,1	0,4
Quick Ratio	0,06	0,09	0,1	0,4
Equity Ratio	−16,08	−9,77	−9,11	−1,52
Gross Profit Margin	59,88 %	40,62 %	45,5 %	52,58 %