INNOVIT AS

5058 BERGEN

Finances

Return on Equity

17,63 %

Current Ratio

1,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 962 000	29 326 000	23 410 000	18 693 000
Net Income	821 000	3 139 000	2 186 000	970 000
Total Assets	10 513 000	13 639 000	11 973 000	6 655 000
Total Equity	4 656 000	4 302 000	3 572 000	2 537 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 962 000	29 326 000	23 410 000	18 693 000
Expenditure	30 910 000	25 473 000	20 425 000	17 545 000
Operating Profit	1 052 000	3 853 000	2 985 000	1 148 000
Financial Income	12 000	14 000	9 000	9 000
Financial Costs	2 000	0	250 000	0
Financial Balance	10 000	14 000	−241 000	9 000
Earnings Before Tax	1 062 000	3 867 000	2 744 000	1 157 000
Tax	241 000	728 000	558 000	187 000
Net Income	821 000	3 139 000	2 186 000	970 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	338 000	337 000	212 000	701 000
Total Current Assets	10 174 000	13 302 000	11 761 000	5 954 000
Total Assets	10 513 000	13 639 000	11 973 000	6 655 000
Total Retained Equity	2 996 000	2 646 000	1 911 000	876 000
Total Equity	4 656 000	4 302 000	3 572 000	2 537 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 856 000	9 337 000	8 402 000	4 118 000
Total Equity and Debt	10 513 000	13 639 000	11 973 000	6 655 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	31 962 000	29 326 000	23 410 000	18 693 000
Other Income	0	0	0	0
Revenue	31 962 000	29 326 000	23 410 000	18 693 000
Cost of Goods Sold	51 000	0	0	0
Salary Costs	21 979 000	18 670 000	15 051 000	12 937 000
Depreciation	150 000	95 000	46 000	83 000
Impairment	0	0	0	0
Expenditure	30 910 000	25 473 000	20 425 000	17 545 000
Operating Profit	1 052 000	3 853 000	2 985 000	1 148 000
Financial Income	12 000	14 000	9 000	9 000
Financial Costs	2 000	0	250 000	0
Financial Balance	10 000	14 000	−241 000	9 000
Dividends	0	0	0	0
Net Income	821 000	3 139 000	2 186 000	970 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	36 000	29 000	36 000	352 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	301 000	307 000	156 000	38 000
Total Tangible Assets	301 000	307 000	156 000	38 000
Total Fiancial Fixed Assets	1 000	1 000	20 000	310 000
Total Fixed Assets	338 000	337 000	212 000	701 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 211 000	9 972 000	8 443 000	3 088 000
Total Current Assets	10 174 000	13 302 000	11 761 000	5 954 000
Total Assets	10 513 000	13 639 000	11 973 000	6 655 000
Total Equity	4 656 000	4 302 000	3 572 000	2 537 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	443 000	803 000	835 000	501 000
Unpaid Taxes	2 588 000	2 459 000	2 638 000	1 497 000
Dividends	0	0	0	0
Other Current Debt	2 078 000	3 537 000	3 777 000	1 596 000
Total Current Debt	5 856 000	9 337 000	8 402 000	4 118 000
Total Equity and Debt	10 513 000	13 639 000	11 973 000	6 655 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,63 %	72,97 %	61,2 %	38,23 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,29 %	13,14 %	12,75 %	6,14 %
Current Ratio	1,74	1,42	1,4	1,45
Quick Ratio	1,74	1,42	1,4	1,45
Equity Ratio	0,44	0,32	0,3	0,38
Gross Profit Margin	99,84 %	100 %	100 %	100 %