INNOVAR SOLUTIONS AS

4051 SOLA

Finances

Return on Equity

10,36 %

Current Ratio

5,3

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 392 000	32 102 000	24 639 000	27 335 000
Net Income	2 946 000	9 070 000	6 406 000	7 979 000
Total Assets	33 763 000	31 921 000	28 949 000	28 334 000
Total Equity	28 446 000	25 500 000	24 438 000	18 106 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 392 000	32 102 000	24 639 000	27 335 000
Expenditure	21 720 000	20 522 000	16 575 000	17 161 000
Operating Profit	3 673 000	11 580 000	8 065 000	10 175 000
Financial Income	176 000	89 000	157 000	111 000
Financial Costs	69 000	38 000	5 000	53 000
Financial Balance	107 000	51 000	152 000	58 000
Earnings Before Tax	3 779 000	11 631 000	8 217 000	10 232 000
Tax	834 000	2 562 000	1 811 000	2 253 000
Net Income	2 946 000	9 070 000	6 406 000	7 979 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 467 000	8 706 000	8 824 000	9 047 000
Total Current Assets	24 296 000	23 215 000	20 125 000	19 287 000
Total Assets	33 763 000	31 921 000	28 949 000	28 334 000
Total Retained Equity	27 946 000	25 000 000	23 938 000	17 606 000
Total Equity	28 446 000	25 500 000	24 438 000	18 106 000
Total Long-Term Debt	737 000	966 000	318 000	0
Total Current Debt	4 581 000	5 455 000	4 193 000	10 228 000
Total Equity and Debt	33 763 000	31 921 000	28 949 000	28 334 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 392 000	32 102 000	24 080 000	27 335 000
Other Income	0	0	560 000	0
Revenue	25 392 000	32 102 000	24 639 000	27 335 000
Cost of Goods Sold	952 000	3 609 000	1 930 000	118 000
Salary Costs	14 446 000	12 108 000	10 426 000	12 483 000
Depreciation	1 369 000	948 000	974 000	623 000
Impairment	0	0	0	0
Expenditure	21 720 000	20 522 000	16 575 000	17 161 000
Operating Profit	3 673 000	11 580 000	8 065 000	10 175 000
Financial Income	176 000	89 000	157 000	111 000
Financial Costs	69 000	38 000	5 000	53 000
Financial Balance	107 000	51 000	152 000	58 000
Dividends	0	8 000 000	0	5 000 000
Net Income	2 946 000	9 070 000	6 406 000	7 979 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	432 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 630 000	3 869 000	3 987 000	3 508 000
Total Tangible Assets	4 630 000	3 869 000	3 987 000	3 508 000
Total Fiancial Fixed Assets	4 837 000	4 837 000	4 837 000	5 107 000
Total Fixed Assets	9 467 000	8 706 000	8 824 000	9 047 000
Stock	1 015 000	1 128 000	1 256 000	1 447 000
Total Investments	0	0	0	0
Cash, Bank	15 856 000	13 582 000	9 826 000	9 709 000
Total Current Assets	24 296 000	23 215 000	20 125 000	19 287 000
Total Assets	33 763 000	31 921 000	28 949 000	28 334 000
Total Equity	28 446 000	25 500 000	24 438 000	18 106 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	737 000	966 000	318 000	0
Creditors	412 000	900 000	473 000	581 000
Unpaid Taxes	1 748 000	1 650 000	1 699 000	1 220 000
Dividends	0	8 000 000	0	5 000 000
Other Current Debt	1 358 000	992 000	960 000	1 490 000
Total Current Debt	4 581 000	5 455 000	4 193 000	10 228 000
Total Equity and Debt	33 763 000	31 921 000	28 949 000	28 334 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,36 %	35,57 %	26,21 %	44,07 %
Debt-to-Equity Ratio	0,03	0,04	0,01	0
Operating Profit Margin	14,47 %	36,07 %	32,73 %	37,22 %
Current Ratio	5,3	4,26	4,8	1,89
Quick Ratio	6,81	5,37	6,85	2,2
Equity Ratio	0,84	0,8	0,84	0,64
Gross Profit Margin	96,25 %	88,76 %	92,17 %	99,57 %