E INNOVATION AS

4033 STAVANGER

Finances

Return on Equity

61,06 %

Current Ratio

1,64

Debt-to-Equity Ratio

0,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	241 754 000	143 387 000	117 076 000	109 815 000
Net Income	76 319 000	30 286 000	25 322 000	21 361 000
Total Assets	241 448 000	180 622 000	143 111 000	113 844 000
Total Equity	124 998 000	83 645 000	74 559 000	63 039 000

Income (NOK)	2022	2021	2020	2019
Revenue	241 754 000	143 387 000	117 076 000	109 815 000
Expenditure	146 887 000	102 460 000	86 837 000	77 107 000
Operating Profit	94 867 000	40 928 000	30 239 000	32 708 000
Financial Income	9 439 000	3 346 000	8 965 000	1 690 000
Financial Costs	6 532 000	5 597 000	6 910 000	7 493 000
Financial Balance	2 907 000	−2 251 000	2 055 000	−5 803 000
Earnings Before Tax	97 773 000	38 677 000	32 294 000	26 905 000
Tax	21 454 000	8 391 000	6 972 000	5 544 000
Net Income	76 319 000	30 286 000	25 322 000	21 361 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	124 939 000	114 592 000	96 248 000	83 501 000
Total Current Assets	116 509 000	66 030 000	46 863 000	30 343 000
Total Assets	241 448 000	180 622 000	143 111 000	113 844 000
Total Retained Equity	103 168 000	83 076 000	73 990 000	62 471 000
Total Equity	124 998 000	83 645 000	74 559 000	63 039 000
Total Long-Term Debt	45 304 000	35 817 000	36 746 000	29 853 000
Total Current Debt	71 147 000	61 160 000	31 805 000	20 952 000
Total Equity and Debt	241 448 000	180 622 000	143 111 000	113 844 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	241 754 000	141 483 000	116 104 000	109 811 000
Other Income	0	1 903 000	971 000	3 000
Revenue	241 754 000	143 387 000	117 076 000	109 815 000
Cost of Goods Sold	16 546 000	9 961 000	4 597 000	6 702 000
Salary Costs	65 413 000	40 194 000	37 681 000	35 531 000
Depreciation	16 081 000	15 070 000	13 098 000	12 658 000
Impairment	0	0	0	0
Expenditure	146 887 000	102 460 000	86 837 000	77 107 000
Operating Profit	94 867 000	40 928 000	30 239 000	32 708 000
Financial Income	9 439 000	3 346 000	8 965 000	1 690 000
Financial Costs	6 532 000	5 597 000	6 910 000	7 493 000
Financial Balance	2 907 000	−2 251 000	2 055 000	−5 803 000
Dividends	34 966 000	0	0	8 000 000
Net Income	76 319 000	30 286 000	25 322 000	21 361 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 054 000	19 655 000	17 939 000	11 789 000
Real Eastate	9 597 000	14 544 000	0	3 211 000
Machinery and Plant Facilities	93 294 000	70 048 000	66 847 000	65 802 000
Fixtures	2 681 000	4 382 000	8 209 000	0
Total Tangible Assets	106 757 000	90 272 000	76 465 000	69 869 000
Total Fiancial Fixed Assets	4 129 000	4 666 000	1 844 000	1 844 000
Total Fixed Assets	124 939 000	114 592 000	96 248 000	83 501 000
Stock	1 286 000	1 232 000	1 639 000	1 725 000
Total Investments	0	0	0	0
Cash, Bank	57 373 000	13 288 000	11 835 000	12 067 000
Total Current Assets	116 509 000	66 030 000	46 863 000	30 343 000
Total Assets	241 448 000	180 622 000	143 111 000	113 844 000
Total Equity	124 998 000	83 645 000	74 559 000	63 039 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	45 304 000	35 817 000	36 746 000	29 853 000
Creditors	17 229 000	10 510 000	4 684 000	3 186 000
Unpaid Taxes	7 113 000	5 471 000	5 313 000	3 883 000
Dividends	34 966 000	0	0	8 000 000
Other Current Debt	2 114 000	12 588 000	4 034 000	4 281 000
Total Current Debt	71 147 000	61 160 000	31 805 000	20 952 000
Total Equity and Debt	241 448 000	180 622 000	143 111 000	113 844 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,06 %	36,21 %	33,96 %	33,89 %
Debt-to-Equity Ratio	0,36	0,43	0,49	0,47
Operating Profit Margin	39,24 %	28,54 %	25,83 %	29,78 %
Current Ratio	1,64	1,08	1,47	1,45
Quick Ratio	1,67	1,1	1,55	1,58
Equity Ratio	0,52	0,46	0,52	0,55
Gross Profit Margin	93,16 %	93,05 %	96,07 %	93,9 %