FJORD INNOVATION AS

5215 LYSEKLOSTER

Finances

Return on Equity

40,94 %

Current Ratio

0,16

Debt-to-Equity Ratio

−0,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	530 000	142 000	190 000	419 000
Net Income	−208 000	−53 000	−292 000	−5 000
Total Assets	−178 000	12 000	64 000	401 000
Total Equity	−508 000	−300 000	−247 000	90 000

Income (NOK)	2022	2021	2020	2019
Revenue	530 000	142 000	190 000	419 000
Expenditure	738 000	195 000	482 000	424 000
Operating Profit	−208 000	−53 000	−292 000	−5 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−208 000	−53 000	−292 000	−5 000
Tax	0	0	0	0
Net Income	−208 000	−53 000	−292 000	−5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	−200 000	26 000	55 000	83 000
Total Current Assets	22 000	−14 000	9 000	318 000
Total Assets	−178 000	12 000	64 000	401 000
Total Retained Equity	−548 000	−340 000	−286 000	50 000
Total Equity	−508 000	−300 000	−247 000	90 000
Total Long-Term Debt	193 000	213 000	213 000	213 000
Total Current Debt	137 000	99 000	98 000	99 000
Total Equity and Debt	−178 000	12 000	64 000	401 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	530 000	142 000	57 000	369 000
Other Income	0	0	133 000	50 000
Revenue	530 000	142 000	190 000	419 000
Cost of Goods Sold	74 000	6 000	0	0
Salary Costs	0	5 000	2 000	141 000
Depreciation	26 000	28 000	28 000	28 000
Impairment	0	0	0	0
Expenditure	738 000	195 000	482 000	424 000
Operating Profit	−208 000	−53 000	−292 000	−5 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−208 000	−53 000	−292 000	−5 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	26 000	55 000	83 000
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	−200 000	0	0	0
Total Fixed Assets	−200 000	26 000	55 000	83 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	−14 000	7 000	29 000
Total Current Assets	22 000	−14 000	9 000	318 000
Total Assets	−178 000	12 000	64 000	401 000
Total Equity	−508 000	−300 000	−247 000	90 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	193 000	213 000	213 000	213 000
Creditors	1 000	2 000	1 000	1 000
Unpaid Taxes	0	−1 000	−1 000	0
Dividends	0	0	0	0
Other Current Debt	109 000	89 000	89 000	88 000
Total Current Debt	137 000	99 000	98 000	99 000
Total Equity and Debt	−178 000	12 000	64 000	401 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,94 %	17,67 %	118,22 %	−5,56 %
Debt-to-Equity Ratio	−0,38	−0,71	−0,86	2,37
Operating Profit Margin	−39,25 %	−37,32 %	−153,68 %	−1,19 %
Current Ratio	0,16	−0,14	0,09	3,21
Quick Ratio	0,16	−0,14	0,09	3,21
Equity Ratio	2,85	−25	−3,86	0,22
Gross Profit Margin	86,04 %	95,77 %	100 %	100 %