NOVATECH CONSULTING AS

4007 STAVANGER

Finances

Return on Equity

−31,2 %

Current Ratio

1,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	166 000	628 000	117 000	0
Net Income	−151 000	458 000	76 000	−1 055 000
Total Assets	586 000	765 000	340 000	244 000
Total Equity	484 000	635 000	177 000	101 000

Income (NOK)	2022	2021	2020	2019
Revenue	166 000	628 000	117 000	0
Expenditure	315 000	70 000	41 000	16 000
Operating Profit	−150 000	558 000	76 000	−16 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	1 039 000
Financial Balance	−1 000	0	0	−1 039 000
Earnings Before Tax	−151 000	557 000	76 000	−1 055 000
Tax	0	99 000	0	0
Net Income	−151 000	458 000	76 000	−1 055 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	428 000	228 000	228 000	228 000
Total Current Assets	159 000	537 000	113 000	17 000
Total Assets	586 000	765 000	340 000	244 000
Total Retained Equity	−66 000	85 000	−373 000	−449 000
Total Equity	484 000	635 000	177 000	101 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	102 000	130 000	164 000	144 000
Total Equity and Debt	586 000	765 000	340 000	244 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	166 000	628 000	117 000	0
Other Income	0	0	0	0
Revenue	166 000	628 000	117 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	178 000	2 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	315 000	70 000	41 000	16 000
Operating Profit	−150 000	558 000	76 000	−16 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	1 039 000
Financial Balance	−1 000	0	0	−1 039 000
Dividends	0	0	0	0
Net Income	−151 000	458 000	76 000	−1 055 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	428 000	228 000	228 000	228 000
Total Fixed Assets	428 000	228 000	228 000	228 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	159 000	505 000	88 000	17 000
Total Current Assets	159 000	537 000	113 000	17 000
Total Assets	586 000	765 000	340 000	244 000
Total Equity	484 000	635 000	177 000	101 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	14 000	8 000	0
Unpaid Taxes	46 000	17 000	12 000	0
Dividends	0	0	0	0
Other Current Debt	52 000	0	144 000	144 000
Total Current Debt	102 000	130 000	164 000	144 000
Total Equity and Debt	586 000	765 000	340 000	244 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−31,2 %	72,13 %	42,94 %	−1 044,55 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−90,36 %	88,85 %	64,96 %	-
Current Ratio	1,56	4,13	0,69	0,12
Quick Ratio	1,56	4,13	0,69	0,12
Equity Ratio	0,83	0,83	0,52	0,41
Gross Profit Margin	100 %	100 %	100 %	-