NORDIC INNOVATION LAB AS

0575 OSLO

Finances

Return on Equity

−75,62 %

Current Ratio

0,61

Debt-to-Equity Ratio

−0,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	876 000	772 000	230 000	0
Net Income	276 000	−117 000	146 000	−895 000
Total Assets	42 000	154 000	217 000	0
Total Equity	−365 000	−641 000	−524 000	−669 000

Income (NOK)	2022	2021	2020	2019
Revenue	876 000	772 000	230 000	0
Expenditure	602 000	889 000	84 000	895 000
Operating Profit	275 000	−118 000	146 000	−895 000
Financial Income	2 000	1 000	0	0
Financial Costs	1 000	1 000	0	0
Financial Balance	1 000	0	0	0
Earnings Before Tax	276 000	−117 000	146 000	−895 000
Tax	0	0	0	0
Net Income	276 000	−117 000	146 000	−895 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 000	3 000	3 000	0
Total Current Assets	39 000	151 000	214 000	0
Total Assets	42 000	154 000	217 000	0
Total Retained Equity	−468 000	−744 000	−627 000	−773 000
Total Equity	−365 000	−641 000	−524 000	−669 000
Total Long-Term Debt	343 000	678 000	8 000	0
Total Current Debt	64 000	117 000	733 000	670 000
Total Equity and Debt	42 000	154 000	217 000	0

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	876 000	772 000	230 000	0
Other Income	0	0	0	0
Revenue	876 000	772 000	230 000	0
Cost of Goods Sold	100 000	0	2 000	0
Salary Costs	434 000	748 000	77 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	602 000	889 000	84 000	895 000
Operating Profit	275 000	−118 000	146 000	−895 000
Financial Income	2 000	1 000	0	0
Financial Costs	1 000	1 000	0	0
Financial Balance	1 000	0	0	0
Dividends	0	0	0	0
Net Income	276 000	−117 000	146 000	−895 000

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	3 000	3 000	3 000	0
Total Fixed Assets	3 000	3 000	3 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	31 000	106 000	214 000	0
Total Current Assets	39 000	151 000	214 000	0
Total Assets	42 000	154 000	217 000	0
Total Equity	−365 000	−641 000	−524 000	−669 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	343 000	678 000	8 000	0
Creditors	6 000	3 000	2 000	0
Unpaid Taxes	19 000	44 000	53 000	0
Dividends	0	0	0	0
Other Current Debt	39 000	70 000	678 000	670 000
Total Current Debt	64 000	117 000	733 000	670 000
Total Equity and Debt	42 000	154 000	217 000	0

Financial indicators	2022	2021	2020	2019
Return on Equity	−75,62 %	18,25 %	−27,86 %	133,78 %
Debt-to-Equity Ratio	−0,94	−1,06	−0,02	−0
Operating Profit Margin	31,39 %	−15,28 %	63,48 %	-
Current Ratio	0,61	1,29	0,29	0
Quick Ratio	0,61	1,29	0,29	0
Equity Ratio	−8,69	−4,16	−2,41	-
Gross Profit Margin	88,58 %	100 %	99,13 %	-