INNOVATION 4 U AS

3260 LARVIK

Finances

Return on Equity

3,56 %

Current Ratio

7,71

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 037 000	1 121 000	1 239 000	493 000
Net Income	168 000	3 699 000	158 000	−158 000
Total Assets	4 968 000	6 012 000	2 468 000	2 200 000
Total Equity	4 724 000	5 456 000	1 856 000	1 849 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 037 000	1 121 000	1 239 000	493 000
Expenditure	1 163 000	894 000	1 095 000	660 000
Operating Profit	−126 000	227 000	144 000	−166 000
Financial Income	342 000	3 606 000	18 000	9 000
Financial Costs	0	0	0	1 000
Financial Balance	342 000	3 606 000	18 000	8 000
Earnings Before Tax	216 000	3 833 000	162 000	−158 000
Tax	47 000	133 000	4 000	0
Net Income	168 000	3 699 000	158 000	−158 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 101 000	5 336 000	1 877 000	2 003 000
Total Current Assets	1 867 000	676 000	591 000	197 000
Total Assets	4 968 000	6 012 000	2 468 000	2 200 000
Total Retained Equity	4 224 000	4 956 000	1 356 000	1 349 000
Total Equity	4 724 000	5 456 000	1 856 000	1 849 000
Total Long-Term Debt	2 000	0	0	0
Total Current Debt	242 000	556 000	612 000	351 000
Total Equity and Debt	4 968 000	6 012 000	2 468 000	2 200 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 037 000	1 121 000	1 239 000	493 000
Other Income	0	0	0	0
Revenue	1 037 000	1 121 000	1 239 000	493 000
Cost of Goods Sold	4 000	0	0	25 000
Salary Costs	734 000	713 000	924 000	462 000
Depreciation	29 000	1 000	1 000	18 000
Impairment	0	0	0	0
Expenditure	1 163 000	894 000	1 095 000	660 000
Operating Profit	−126 000	227 000	144 000	−166 000
Financial Income	342 000	3 606 000	18 000	9 000
Financial Costs	0	0	0	1 000
Financial Balance	342 000	3 606 000	18 000	8 000
Dividends	0	100 000	150 000	150 000
Net Income	168 000	3 699 000	158 000	−158 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	99 000	31 000	0	1 000
Total Tangible Assets	99 000	31 000	0	1 000
Total Fiancial Fixed Assets	3 002 000	5 305 000	1 877 000	2 002 000
Total Fixed Assets	3 101 000	5 336 000	1 877 000	2 003 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 767 000	426 000	13 000	122 000
Total Current Assets	1 867 000	676 000	591 000	197 000
Total Assets	4 968 000	6 012 000	2 468 000	2 200 000
Total Equity	4 724 000	5 456 000	1 856 000	1 849 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	0	0	0
Creditors	7 000	9 000	3 000	1 000
Unpaid Taxes	90 000	125 000	122 000	129 000
Dividends	0	100 000	150 000	150 000
Other Current Debt	99 000	188 000	333 000	71 000
Total Current Debt	242 000	556 000	612 000	351 000
Total Equity and Debt	4 968 000	6 012 000	2 468 000	2 200 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,56 %	67,8 %	8,51 %	−8,55 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−12,15 %	20,25 %	11,62 %	−33,67 %
Current Ratio	7,71	1,22	0,97	0,56
Quick Ratio	7,71	1,22	0,97	0,56
Equity Ratio	0,95	0,91	0,75	0,84
Gross Profit Margin	99,61 %	100 %	100 %	94,93 %