THE INNOVATION EFFECT AS

1367 SNARØYA

Finances

Share Ownership

Return on Equity

−12,12 %

Current Ratio

5,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 076 000	2 682 000	3 124 000	5 727 000
Net Income	−276 000	724 000	362 000	1 373 000
Total Assets	2 822 000	3 696 000	2 673 000	4 558 000
Total Equity	2 278 000	2 704 000	2 255 000	1 893 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 076 000	2 682 000	3 124 000	5 727 000
Expenditure	2 351 000	1 752 000	2 655 000	3 957 000
Operating Profit	−275 000	931 000	469 000	1 769 000
Financial Income	0	0	1 000	1 000
Financial Costs	0	2 000	1 000	5 000
Financial Balance	0	−2 000	0	−4 000
Earnings Before Tax	−276 000	929 000	469 000	1 765 000
Tax	0	205 000	106 000	392 000
Net Income	−276 000	724 000	362 000	1 373 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	60 000	0	0	12 000
Total Current Assets	2 762 000	3 696 000	2 673 000	4 546 000
Total Assets	2 822 000	3 696 000	2 673 000	4 558 000
Total Retained Equity	2 248 000	2 674 000	2 225 000	1 863 000
Total Equity	2 278 000	2 704 000	2 255 000	1 893 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	544 000	992 000	418 000	2 665 000
Total Equity and Debt	2 822 000	3 696 000	2 673 000	4 558 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 076 000	2 584 000	2 940 000	5 727 000
Other Income	0	98 000	184 000	0
Revenue	2 076 000	2 682 000	3 124 000	5 727 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 651 000	1 104 000	1 502 000	2 309 000
Depreciation	0	0	12 000	5 000
Impairment	0	0	0	0
Expenditure	2 351 000	1 752 000	2 655 000	3 957 000
Operating Profit	−275 000	931 000	469 000	1 769 000
Financial Income	0	0	1 000	1 000
Financial Costs	0	2 000	1 000	5 000
Financial Balance	0	−2 000	0	−4 000
Dividends	150 000	275 000	0	350 000
Net Income	−276 000	724 000	362 000	1 373 000

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	12 000
Total Tangible Assets	0	0	0	12 000
Total Fiancial Fixed Assets	60 000	0	0	0
Total Fixed Assets	60 000	0	0	12 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 406 000	2 627 000	2 436 000	2 652 000
Total Current Assets	2 762 000	3 696 000	2 673 000	4 546 000
Total Assets	2 822 000	3 696 000	2 673 000	4 558 000
Total Equity	2 278 000	2 704 000	2 255 000	1 893 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	130 000	96 000	54 000	80 000
Unpaid Taxes	95 000	277 000	70 000	556 000
Dividends	150 000	275 000	0	350 000
Other Current Debt	169 000	140 000	187 000	1 286 000
Total Current Debt	544 000	992 000	418 000	2 665 000
Total Equity and Debt	2 822 000	3 696 000	2 673 000	4 558 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,12 %	26,78 %	16,05 %	72,53 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−13,25 %	34,71 %	15,01 %	30,89 %
Current Ratio	5,08	3,73	6,39	1,71
Quick Ratio	5,08	3,73	6,39	1,71
Equity Ratio	0,81	0,73	0,84	0,42
Gross Profit Margin	100 %	100 %	100 %	100 %