INNOTEC NORWAY AS

1626 MANSTAD

Finances

Share Ownership

Return on Equity

122 %

Current Ratio

1,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 171 000	12 149 000	11 747 000	10 896 000
Net Income	122 000	133 000	89 000	110 000
Total Assets	1 271 000	1 707 000	2 268 000	3 795 000
Total Equity	100 000	100 000	100 000	100 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 171 000	12 149 000	11 747 000	10 896 000
Expenditure	13 004 000	11 966 000	11 620 000	10 745 000
Operating Profit	167 000	183 000	128 000	152 000
Financial Income	6 000	4 000	13 000	20 000
Financial Costs	16 000	16 000	26 000	30 000
Financial Balance	−10 000	−12 000	−13 000	−10 000
Earnings Before Tax	156 000	171 000	115 000	141 000
Tax	34 000	38 000	25 000	31 000
Net Income	122 000	133 000	89 000	110 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	16 000	16 000	16 000
Total Current Assets	1 256 000	1 691 000	2 252 000	3 779 000
Total Assets	1 271 000	1 707 000	2 268 000	3 795 000
Total Retained Equity	0	0	0	0
Total Equity	100 000	100 000	100 000	100 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 171 000	1 607 000	2 168 000	3 695 000
Total Equity and Debt	1 271 000	1 707 000	2 268 000	3 795 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 171 000	12 149 000	11 747 000	10 896 000
Other Income	0	0	0	0
Revenue	13 171 000	12 149 000	11 747 000	10 896 000
Cost of Goods Sold	7 591 000	7 052 000	6 881 000	6 300 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	13 004 000	11 966 000	11 620 000	10 745 000
Operating Profit	167 000	183 000	128 000	152 000
Financial Income	6 000	4 000	13 000	20 000
Financial Costs	16 000	16 000	26 000	30 000
Financial Balance	−10 000	−12 000	−13 000	−10 000
Dividends	122 000	133 000	89 000	0
Net Income	122 000	133 000	89 000	110 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 000	16 000	16 000	16 000
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	16 000	16 000	16 000	16 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	787 000	1 658 000	2 083 000	3 518 000
Total Current Assets	1 256 000	1 691 000	2 252 000	3 779 000
Total Assets	1 271 000	1 707 000	2 268 000	3 795 000
Total Equity	100 000	100 000	100 000	100 000
Short-Term Group Debt	57 000	0	606 000	0
Total Long-Term Debt	0	0	0	0
Creditors	297 000	864 000	948 000	2 120 000
Unpaid Taxes	233 000	229 000	255 000	231 000
Dividends	122 000	133 000	89 000	0
Other Current Debt	428 000	343 000	245 000	1 312 000
Total Current Debt	1 171 000	1 607 000	2 168 000	3 695 000
Total Equity and Debt	1 271 000	1 707 000	2 268 000	3 795 000

Financial indicators	2022	2021	2020	2019
Return on Equity	122 %	133 %	89 %	110 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,27 %	1,51 %	1,09 %	1,4 %
Current Ratio	1,07	1,05	1,04	1,02
Quick Ratio	1,07	1,05	1,04	1,02
Equity Ratio	0,08	0,06	0,04	0,03
Gross Profit Margin	42,37 %	41,95 %	41,42 %	42,18 %