INVO AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

31,43 %

Current Ratio

1,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 037 000	38 014 000	30 442 000	29 738 000
Net Income	4 826 000	8 037 000	4 872 000	3 819 000
Total Assets	26 283 000	28 864 000	26 440 000	21 196 000
Total Equity	15 354 000	14 128 000	12 091 000	10 419 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 037 000	38 014 000	30 442 000	29 738 000
Expenditure	33 789 000	28 764 000	25 580 000	26 135 000
Operating Profit	5 248 000	9 250 000	4 861 000	3 603 000
Financial Income	175 000	57 000	158 000	151 000
Financial Costs	13 000	84 000	62 000	36 000
Financial Balance	162 000	−27 000	96 000	115 000
Earnings Before Tax	5 411 000	9 223 000	4 956 000	3 718 000
Tax	585 000	1 186 000	84 000	−101 000
Net Income	4 826 000	8 037 000	4 872 000	3 819 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 610 000	6 281 000	6 283 000	531 000
Total Current Assets	19 673 000	22 582 000	20 157 000	20 664 000
Total Assets	26 283 000	28 864 000	26 440 000	21 196 000
Total Retained Equity	15 254 000	14 028 000	11 991 000	10 319 000
Total Equity	15 354 000	14 128 000	12 091 000	10 419 000
Total Long-Term Debt	0	0	3 450 000	0
Total Current Debt	10 929 000	14 735 000	10 899 000	10 777 000
Total Equity and Debt	26 283 000	28 864 000	26 440 000	21 196 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	39 037 000	38 014 000	30 442 000	29 738 000
Other Income	0	0	0	0
Revenue	39 037 000	38 014 000	30 442 000	29 738 000
Cost of Goods Sold	977 000	1 804 000	2 270 000	2 788 000
Salary Costs	26 960 000	25 001 000	22 916 000	22 755 000
Depreciation	181 000	69 000	60 000	108 000
Impairment	0	0	0	0
Expenditure	33 789 000	28 764 000	25 580 000	26 135 000
Operating Profit	5 248 000	9 250 000	4 861 000	3 603 000
Financial Income	175 000	57 000	158 000	151 000
Financial Costs	13 000	84 000	62 000	36 000
Financial Balance	162 000	−27 000	96 000	115 000
Dividends	3 600 000	6 000 000	3 200 000	2 500 000
Net Income	4 826 000	8 037 000	4 872 000	3 819 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	18 000	30 000	265 000	349 000
Real Eastate	5 895 000	5 895 000	5 895 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	696 000	357 000	122 000	182 000
Total Tangible Assets	6 591 000	6 252 000	6 017 000	182 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 610 000	6 281 000	6 283 000	531 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 891 000	14 560 000	12 559 000	12 698 000
Total Current Assets	19 673 000	22 582 000	20 157 000	20 664 000
Total Assets	26 283 000	28 864 000	26 440 000	21 196 000
Total Equity	15 354 000	14 128 000	12 091 000	10 419 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	3 450 000	0
Creditors	446 000	847 000	593 000	947 000
Unpaid Taxes	3 019 000	3 793 000	2 953 000	2 853 000
Dividends	3 600 000	6 000 000	3 200 000	2 500 000
Other Current Debt	3 863 000	4 095 000	4 152 000	4 477 000
Total Current Debt	10 929 000	14 735 000	10 899 000	10 777 000
Total Equity and Debt	26 283 000	28 864 000	26 440 000	21 196 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,43 %	56,89 %	40,29 %	36,65 %
Debt-to-Equity Ratio	0	0	0,29	0
Operating Profit Margin	13,44 %	24,33 %	15,97 %	12,12 %
Current Ratio	1,8	1,53	1,85	1,92
Quick Ratio	1,8	1,53	1,85	1,92
Equity Ratio	0,58	0,49	0,46	0,49
Gross Profit Margin	97,5 %	95,25 %	92,54 %	90,62 %