INNOVATEC - INNOVATIVE TECHNOLOGIES AS

0157 OSLO

Finances

Return on Equity

37,36 %

Current Ratio

1,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 288 000	19 457 000	19 253 000	15 071 000
Net Income	989 000	1 777 000	1 754 000	60 000
Total Assets	7 858 000	8 307 000	7 353 000	5 164 000
Total Equity	2 647 000	2 339 000	1 612 000	1 359 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 288 000	19 457 000	19 253 000	15 071 000
Expenditure	19 985 000	17 936 000	17 041 000	15 008 000
Operating Profit	1 303 000	1 521 000	2 212 000	63 000
Financial Income	4 000	4 000	7 000	4 000
Financial Costs	40 000	39 000	56 000	62 000
Financial Balance	−36 000	−35 000	−49 000	−58 000
Earnings Before Tax	1 267 000	1 486 000	2 163 000	5 000
Tax	279 000	−291 000	409 000	−55 000
Net Income	989 000	1 777 000	1 754 000	60 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	464 000	701 000	447 000	542 000
Total Current Assets	7 393 000	7 606 000	6 907 000	4 621 000
Total Assets	7 858 000	8 307 000	7 353 000	5 164 000
Total Retained Equity	2 136 000	1 828 000	1 131 000	877 000
Total Equity	2 647 000	2 339 000	1 612 000	1 359 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 210 000	5 968 000	5 741 000	3 805 000
Total Equity and Debt	7 858 000	8 307 000	7 353 000	5 164 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 288 000	19 457 000	19 253 000	15 071 000
Other Income	0	0	0	0
Revenue	21 288 000	19 457 000	19 253 000	15 071 000
Cost of Goods Sold	1 326 000	810 000	0	75 000
Salary Costs	16 409 000	15 160 000	15 152 000	12 746 000
Depreciation	37 000	33 000	28 000	16 000
Impairment	0	0	0	0
Expenditure	19 985 000	17 936 000	17 041 000	15 008 000
Operating Profit	1 303 000	1 521 000	2 212 000	63 000
Financial Income	4 000	4 000	7 000	4 000
Financial Costs	40 000	39 000	56 000	62 000
Financial Balance	−36 000	−35 000	−49 000	−58 000
Dividends	681 000	1 050 000	1 500 000	0
Net Income	989 000	1 777 000	1 754 000	60 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 000	292 000	1 000	144 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	288 000	247 000	246 000	188 000
Total Tangible Assets	288 000	247 000	246 000	188 000
Total Fiancial Fixed Assets	162 000	162 000	199 000	210 000
Total Fixed Assets	464 000	701 000	447 000	542 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 406 000	4 823 000	4 910 000	2 566 000
Total Current Assets	7 393 000	7 606 000	6 907 000	4 621 000
Total Assets	7 858 000	8 307 000	7 353 000	5 164 000
Total Equity	2 647 000	2 339 000	1 612 000	1 359 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	367 000	474 000	217 000	172 000
Unpaid Taxes	1 801 000	1 662 000	1 593 000	1 447 000
Dividends	681 000	1 050 000	1 500 000	0
Other Current Debt	2 667 000	2 782 000	2 882 000	2 186 000
Total Current Debt	5 210 000	5 968 000	5 741 000	3 805 000
Total Equity and Debt	7 858 000	8 307 000	7 353 000	5 164 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,36 %	75,97 %	108,81 %	4,42 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,12 %	7,82 %	11,49 %	0,42 %
Current Ratio	1,42	1,27	1,2	1,21
Quick Ratio	1,42	1,27	1,2	1,21
Equity Ratio	0,34	0,28	0,22	0,26
Gross Profit Margin	93,77 %	95,84 %	100 %	99,5 %