INVERCODE AS

5006 BERGEN

Finances

Share Ownership

Return on Equity

0 %

Current Ratio

4,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	1 760 000	1 205 000	1 520 000
Net Income	0	739 000	540 000	702 000
Total Assets	2 361 000	2 361 000	1 415 000	867 000
Total Equity	1 952 000	1 952 000	1 213 000	673 000

Income (NOK)	2021	2020	2019
Revenue	1 760 000	1 205 000	1 520 000
Expenditure	812 000	498 000	635 000
Operating Profit	947 000	707 000	884 000
Financial Income	0	0	0
Financial Costs	0	14 000	0
Financial Balance	0	−14 000	0
Earnings Before Tax	947 000	694 000	885 000
Tax	209 000	154 000	182 000
Net Income	739 000	540 000	702 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	690 000	690 000	697 000	14 000
Total Current Assets	1 671 000	1 671 000	718 000	853 000
Total Assets	2 361 000	2 361 000	1 415 000	867 000
Total Retained Equity	1 922 000	1 922 000	1 183 000	643 000
Total Equity	1 952 000	1 952 000	1 213 000	673 000
Total Long-Term Debt	1 000	1 000	1 000	0
Total Current Debt	408 000	408 000	201 000	194 000
Total Equity and Debt	2 361 000	2 361 000	1 415 000	867 000

Cash flow (NOK)	2021	2020	2019
Sales Income	1 760 000	1 205 000	1 481 000
Other Income	0	0	39 000
Revenue	1 760 000	1 205 000	1 520 000
Cost of Goods Sold	655 000	385 000	553 000
Salary Costs	0	0	3 000
Depreciation	7 000	5 000	0
Impairment	0	0	0
Expenditure	812 000	498 000	635 000
Operating Profit	947 000	707 000	884 000
Financial Income	0	0	0
Financial Costs	0	14 000	0
Financial Balance	0	−14 000	0
Dividends	0	0	0
Net Income	739 000	540 000	702 000

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	16 000	16 000	23 000	0
Total Tangible Assets	16 000	16 000	23 000	0
Total Fiancial Fixed Assets	674 000	674 000	674 000	14 000
Total Fixed Assets	690 000	690 000	697 000	14 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 040 000	1 040 000	458 000	812 000
Total Current Assets	1 671 000	1 671 000	718 000	853 000
Total Assets	2 361 000	2 361 000	1 415 000	867 000
Total Equity	1 952 000	1 952 000	1 213 000	673 000
Short-Term Group Debt	17 000	17 000	17 000	17 000
Total Long-Term Debt	1 000	1 000	1 000	0
Creditors	72 000	72 000	22 000	−51 000
Unpaid Taxes	68 000	68 000	0	42 000
Dividends	0	0	0	0
Other Current Debt	8 000	8 000	8 000	3 000
Total Current Debt	408 000	408 000	201 000	194 000
Total Equity and Debt	2 361 000	2 361 000	1 415 000	867 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0 %	37,86 %	44,52 %	104,31 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	53,81 %	58,67 %	58,16 %
Current Ratio	4,1	4,1	3,57	4,4
Quick Ratio	4,1	4,1	3,57	4,4
Equity Ratio	0,83	0,83	0,86	0,78
Gross Profit Margin	-	62,78 %	68,05 %	63,62 %