ICARS AS

3414 LIERSTRANDA

Finances

Share Ownership

Return on Equity

80 %

Current Ratio

N/A

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 338 000	2 904 000	5 976 000	3 369 000
Net Income	24 000	26 000	221 000	253 000
Total Assets	30 000	393 000	−134 000	191 000
Total Equity	30 000	30 000	486 000	265 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 338 000	2 904 000	5 976 000	3 369 000
Expenditure	2 315 000	2 878 000	5 682 000	3 029 000
Operating Profit	24 000	26 000	294 000	341 000
Financial Income	0	0	0	0
Financial Costs	0	0	65 000	16 000
Financial Balance	0	0	−65 000	−16 000
Earnings Before Tax	24 000	26 000	229 000	325 000
Tax	0	0	8 000	71 000
Net Income	24 000	26 000	221 000	253 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	30 000	30 000	0	0
Total Current Assets	0	363 000	−134 000	191 000
Total Assets	30 000	393 000	−134 000	191 000
Total Retained Equity	0	0	456 000	235 000
Total Equity	30 000	30 000	486 000	265 000
Total Long-Term Debt	0	260 000	−200 000	0
Total Current Debt	0	0	−420 000	−74 000
Total Equity and Debt	30 000	290 000	−134 000	191 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 338 000	2 904 000	5 971 000	3 357 000
Other Income	0	0	5 000	12 000
Revenue	2 338 000	2 904 000	5 976 000	3 369 000
Cost of Goods Sold	2 315 000	2 878 000	5 559 000	3 008 000
Salary Costs	0	0	1 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 315 000	2 878 000	5 682 000	3 029 000
Operating Profit	24 000	26 000	294 000	341 000
Financial Income	0	0	0	0
Financial Costs	0	0	65 000	16 000
Financial Balance	0	0	−65 000	−16 000
Dividends	0	0	0	0
Net Income	24 000	26 000	221 000	253 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	30 000	30 000	0	0
Total Intangible Assets	30 000	30 000	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	0	0	0	0
Total Fixed Assets	30 000	30 000	0	0
Stock	0	250 000	112 000	0
Total Investments	0	0	0	0
Cash, Bank	0	32 000	32 000	205 000
Total Current Assets	0	363 000	−134 000	191 000
Total Assets	30 000	393 000	−134 000	191 000
Total Equity	30 000	30 000	486 000	265 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	260 000	−200 000	0
Creditors	0	0	−322 000	−57 000
Unpaid Taxes	0	0	6 000	12 000
Dividends	0	0	0	0
Other Current Debt	0	0	−104 000	−101 000
Total Current Debt	0	0	−420 000	−74 000
Total Equity and Debt	30 000	290 000	−134 000	191 000

Financial indicators	2022	2021	2020	2019
Return on Equity	80 %	86,67 %	45,47 %	95,47 %
Debt-to-Equity Ratio	0	8,67	−0,41	0
Operating Profit Margin	1,03 %	0,9 %	4,92 %	10,12 %
Current Ratio	-	-	0,32	−2,58
Quick Ratio	-	−1,45	0,25	−2,58
Equity Ratio	1	0,08	−3,63	1,39
Gross Profit Margin	0,98 %	0,9 %	6,98 %	10,72 %