INNOWELL SOLUTIONS AS

3936 PORSGRUNN

Finances

Share Ownership

Return on Equity

−95,4 %

Current Ratio

0,45

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 368 000	6 588 000	21 296 000	16 058 000
Net Income	−10 077 000	−8 478 000	−845 000	−339 000
Total Assets	14 404 000	24 211 000	11 794 000	10 022 000
Total Equity	10 563 000	20 640 000	3 430 000	3 705 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 368 000	6 588 000	21 296 000	16 058 000
Expenditure	14 192 000	16 528 000	22 363 000	16 455 000
Operating Profit	−12 823 000	−9 940 000	−1 067 000	−396 000
Financial Income	41 000	15 000	67 000	27 000
Financial Costs	137 000	944 000	89 000	66 000
Financial Balance	−96 000	−929 000	−22 000	−39 000
Earnings Before Tax	−12 920 000	−10 869 000	−1 089 000	−435 000
Tax	−2 843 000	−2 391 000	−244 000	−97 000
Net Income	−10 077 000	−8 478 000	−845 000	−339 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 085 000	10 387 000	8 141 000	6 065 000
Total Current Assets	1 319 000	13 824 000	3 653 000	3 958 000
Total Assets	14 404 000	24 211 000	11 794 000	10 022 000
Total Retained Equity	−21 155 000	−11 078 000	−2 600 000	−2 325 000
Total Equity	10 563 000	20 640 000	3 430 000	3 705 000
Total Long-Term Debt	920 000	920 000	2 875 000	2 875 000
Total Current Debt	2 921 000	2 652 000	5 489 000	3 443 000
Total Equity and Debt	14 404 000	24 211 000	11 794 000	10 022 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 309 000	5 150 000	16 091 000	10 212 000
Other Income	60 000	1 438 000	5 206 000	5 847 000
Revenue	1 368 000	6 588 000	21 296 000	16 058 000
Cost of Goods Sold	3 797 000	5 525 000	13 293 000	10 425 000
Salary Costs	4 051 000	5 175 000	4 339 000	3 414 000
Depreciation	145 000	145 000	12 000	0
Impairment	0	0	0	0
Expenditure	14 192 000	16 528 000	22 363 000	16 455 000
Operating Profit	−12 823 000	−9 940 000	−1 067 000	−396 000
Financial Income	41 000	15 000	67 000	27 000
Financial Costs	137 000	944 000	89 000	66 000
Financial Balance	−96 000	−929 000	−22 000	−39 000
Dividends	0	0	0	0
Net Income	−10 077 000	−8 478 000	−845 000	−339 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 662 000	9 819 000	7 428 000	6 065 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	423 000	568 000	713 000	0
Fixtures	0	0	0	0
Total Tangible Assets	423 000	568 000	713 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 085 000	10 387 000	8 141 000	6 065 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	958 000	11 549 000	221 000	153 000
Total Current Assets	1 319 000	13 824 000	3 653 000	3 958 000
Total Assets	14 404 000	24 211 000	11 794 000	10 022 000
Total Equity	10 563 000	20 640 000	3 430 000	3 705 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	920 000	920 000	2 875 000	2 875 000
Creditors	2 340 000	1 202 000	1 331 000	485 000
Unpaid Taxes	270 000	468 000	1 159 000	308 000
Dividends	0	0	0	0
Other Current Debt	311 000	981 000	2 999 000	2 650 000
Total Current Debt	2 921 000	2 652 000	5 489 000	3 443 000
Total Equity and Debt	14 404 000	24 211 000	11 794 000	10 022 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−95,4 %	−41,08 %	−24,64 %	−9,15 %
Debt-to-Equity Ratio	0,09	0,04	0,84	0,78
Operating Profit Margin	−937,35 %	−150,88 %	−5,01 %	−2,47 %
Current Ratio	0,45	5,21	0,67	1,15
Quick Ratio	0,45	5,21	0,67	1,15
Equity Ratio	0,73	0,85	0,29	0,37
Gross Profit Margin	−177,56 %	16,14 %	37,58 %	35,08 %