NORSAR INNOVATION AS

2007 KJELLER

Finances

Share Ownership

Return on Equity

29,69 %

Current Ratio

1,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 891 000	14 080 000	15 928 000	17 625 000
Net Income	2 397 000	−708 000	2 002 000	2 768 000
Total Assets	17 103 000	17 834 000	15 675 000	18 550 000
Total Equity	8 073 000	7 676 000	9 384 000	8 382 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 891 000	14 080 000	15 928 000	17 625 000
Expenditure	10 095 000	15 060 000	13 827 000	13 746 000
Operating Profit	2 796 000	−980 000	2 100 000	3 878 000
Financial Income	672 000	320 000	995 000	176 000
Financial Costs	443 000	431 000	758 000	624 000
Financial Balance	229 000	−111 000	237 000	−448 000
Earnings Before Tax	3 024 000	−1 091 000	2 338 000	3 431 000
Tax	628 000	−383 000	336 000	663 000
Net Income	2 397 000	−708 000	2 002 000	2 768 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 121 000	4 788 000	5 399 000	6 760 000
Total Current Assets	13 983 000	13 046 000	10 276 000	11 789 000
Total Assets	17 103 000	17 834 000	15 675 000	18 550 000
Total Retained Equity	2 553 000	2 156 000	3 864 000	2 862 000
Total Equity	8 073 000	7 676 000	9 384 000	8 382 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 031 000	10 157 000	6 291 000	10 168 000
Total Equity and Debt	17 103 000	17 834 000	15 675 000	18 550 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 967 000	12 781 000	15 328 000	14 604 000
Other Income	924 000	1 299 000	600 000	3 021 000
Revenue	12 891 000	14 080 000	15 928 000	17 625 000
Cost of Goods Sold	3 859 000	3 686 000	5 230 000	6 708 000
Salary Costs	2 970 000	8 501 000	5 914 000	4 153 000
Depreciation	1 039 000	1 039 000	1 025 000	1 017 000
Impairment	0	0	0	0
Expenditure	10 095 000	15 060 000	13 827 000	13 746 000
Operating Profit	2 796 000	−980 000	2 100 000	3 878 000
Financial Income	672 000	320 000	995 000	176 000
Financial Costs	443 000	431 000	758 000	624 000
Financial Balance	229 000	−111 000	237 000	−448 000
Dividends	2 000 000	1 000 000	1 000 000	1 000 000
Net Income	2 397 000	−708 000	2 002 000	2 768 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 104 000	4 757 000	5 399 000	6 760 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	16 000	30 000	0	0
Total Tangible Assets	16 000	30 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 121 000	4 788 000	5 399 000	6 760 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 321 000	6 301 000	6 191 000	7 751 000
Total Current Assets	13 983 000	13 046 000	10 276 000	11 789 000
Total Assets	17 103 000	17 834 000	15 675 000	18 550 000
Total Equity	8 073 000	7 676 000	9 384 000	8 382 000
Short-Term Group Debt	3 000	4 000	6 000	7 000
Total Long-Term Debt	0	0	0	0
Creditors	389 000	342 000	1 127 000	3 500 000
Unpaid Taxes	388 000	869 000	342 000	307 000
Dividends	2 000 000	1 000 000	1 000 000	1 000 000
Other Current Debt	6 251 000	7 942 000	3 816 000	5 354 000
Total Current Debt	9 031 000	10 157 000	6 291 000	10 168 000
Total Equity and Debt	17 103 000	17 834 000	15 675 000	18 550 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,69 %	−9,22 %	21,33 %	33,02 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	21,69 %	−6,96 %	13,18 %	22 %
Current Ratio	1,55	1,28	1,63	1,16
Quick Ratio	1,55	1,28	1,63	1,16
Equity Ratio	0,47	0,43	0,6	0,45
Gross Profit Margin	70,06 %	73,82 %	67,16 %	61,94 %