NOR INNOVATION AS

1337 SANDVIKA

Finances

Return on Equity

−15,37 %

Current Ratio

21,32

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	276 000	89 000	486 000	85 000
Net Income	−2 442 000	1 415 000	114 000	589 000
Total Assets	17 121 000	18 648 000	17 678 000	17 953 000
Total Equity	15 887 000	18 405 000	17 577 000	17 551 000

Income (NOK)	2022	2021	2020	2019
Revenue	276 000	89 000	486 000	85 000
Expenditure	1 532 000	1 189 000	1 581 000	2 316 000
Operating Profit	−1 256 000	−1 099 000	−1 094 000	−2 231 000
Financial Income	219 000	2 548 000	1 655 000	3 321 000
Financial Costs	1 405 000	35 000	447 000	500 000
Financial Balance	−1 186 000	2 513 000	1 208 000	2 821 000
Earnings Before Tax	−2 442 000	1 415 000	114 000	589 000
Tax	0	0	0	0
Net Income	−2 442 000	1 415 000	114 000	589 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 076 000	4 888 000	6 059 000	7 083 000
Total Current Assets	12 045 000	13 760 000	11 618 000	10 870 000
Total Assets	17 121 000	18 648 000	17 678 000	17 953 000
Total Retained Equity	13 560 000	16 078 000	15 250 000	15 224 000
Total Equity	15 887 000	18 405 000	17 577 000	17 551 000
Total Long-Term Debt	669 000	0	0	0
Total Current Debt	565 000	243 000	101 000	401 000
Total Equity and Debt	17 121 000	18 648 000	17 678 000	17 953 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	199 000	13 000	399 000	71 000
Other Income	76 000	76 000	88 000	13 000
Revenue	276 000	89 000	486 000	85 000
Cost of Goods Sold	133 000	10 000	6 000	0
Salary Costs	3 000	3 000	1 000	5 000
Depreciation	253 000	403 000	372 000	326 000
Impairment	0	0	0	0
Expenditure	1 532 000	1 189 000	1 581 000	2 316 000
Operating Profit	−1 256 000	−1 099 000	−1 094 000	−2 231 000
Financial Income	219 000	2 548 000	1 655 000	3 321 000
Financial Costs	1 405 000	35 000	447 000	500 000
Financial Balance	−1 186 000	2 513 000	1 208 000	2 821 000
Dividends	0	76 000	88 000	13 000
Net Income	−2 442 000	1 415 000	114 000	589 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	154 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 065 000	494 000	834 000	1 176 000
Total Tangible Assets	1 065 000	648 000	834 000	1 176 000
Total Fiancial Fixed Assets	4 012 000	4 240 000	5 225 000	5 907 000
Total Fixed Assets	5 076 000	4 888 000	6 059 000	7 083 000
Stock	52 000	22 000	0	0
Total Investments	11 760 000	13 560 000	11 228 000	9 406 000
Cash, Bank	197 000	154 000	371 000	1 083 000
Total Current Assets	12 045 000	13 760 000	11 618 000	10 870 000
Total Assets	17 121 000	18 648 000	17 678 000	17 953 000
Total Equity	15 887 000	18 405 000	17 577 000	17 551 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	669 000	0	0	0
Creditors	29 000	19 000	18 000	17 000
Unpaid Taxes	1 000	1 000	1 000	1 000
Dividends	0	76 000	88 000	13 000
Other Current Debt	535 000	222 000	81 000	383 000
Total Current Debt	565 000	243 000	101 000	401 000
Total Equity and Debt	17 121 000	18 648 000	17 678 000	17 953 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,37 %	7,69 %	0,65 %	3,36 %
Debt-to-Equity Ratio	0,04	0	0	0
Operating Profit Margin	−455,07 %	−1 234,83 %	−225,1 %	−2 624,71 %
Current Ratio	21,32	56,63	115,03	27,11
Quick Ratio	23,48	62,26	115,03	27,11
Equity Ratio	0,93	0,99	0,99	0,98
Gross Profit Margin	51,81 %	88,76 %	98,77 %	100 %

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