IPS NORDIC AS

1405 LANGHUS

Finances

Return on Equity

28,46 %

Current Ratio

2,33

Debt-to-Equity Ratio

1,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	167 870 000	117 481 000	8 258 000	8 818 000
Net Income	7 708 000	8 716 000	153 000	322 000
Total Assets	92 463 000	44 008 000	19 975 000	27 758 000
Total Equity	27 079 000	19 554 000	10 789 000	10 636 000

Income (NOK)	2022	2021	2020	2019
Revenue	167 870 000	117 481 000	8 258 000	8 818 000
Expenditure	156 255 000	106 558 000	8 132 000	8 369 000
Operating Profit	11 615 000	10 923 000	127 000	448 000
Financial Income	150 000	390 000	81 000	−3 000
Financial Costs	1 920 000	171 000	9 000	25 000
Financial Balance	−1 770 000	219 000	72 000	−28 000
Earnings Before Tax	9 845 000	11 142 000	199 000	420 000
Tax	2 137 000	2 426 000	46 000	98 000
Net Income	7 708 000	8 716 000	153 000	322 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	30 543 000	5 175 000	18 596 000	18 543 000
Total Current Assets	61 920 000	38 833 000	1 378 000	9 215 000
Total Assets	92 463 000	44 008 000	19 975 000	27 758 000
Total Retained Equity	16 983 000	9 458 000	693 000	540 000
Total Equity	27 079 000	19 554 000	10 789 000	10 636 000
Total Long-Term Debt	38 805 000	3 000 000	7 384 000	15 205 000
Total Current Debt	26 580 000	21 454 000	1 802 000	1 918 000
Total Equity and Debt	92 463 000	44 008 000	19 975 000	27 758 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	167 633 000	117 102 000	8 258 000	8 818 000
Other Income	237 000	379 000	0	0
Revenue	167 870 000	117 481 000	8 258 000	8 818 000
Cost of Goods Sold	46 514 000	32 629 000	0	0
Salary Costs	62 580 000	42 808 000	4 580 000	5 401 000
Depreciation	3 480 000	1 898 000	0	0
Impairment	0	0	0	0
Expenditure	156 255 000	106 558 000	8 132 000	8 369 000
Operating Profit	11 615 000	10 923 000	127 000	448 000
Financial Income	150 000	390 000	81 000	−3 000
Financial Costs	1 920 000	171 000	9 000	25 000
Financial Balance	−1 770 000	219 000	72 000	−28 000
Dividends	0	0	0	0
Net Income	7 708 000	8 716 000	153 000	322 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	13 958 000	0	0	0
Total Intangible Assets	14 242 000	591 000	0	0
Real Eastate	10 302 000	0	0	0
Machinery and Plant Facilities	3 505 000	549 000	0	0
Fixtures	2 482 000	4 026 000	0	0
Total Tangible Assets	16 288 000	4 575 000	0	0
Total Fiancial Fixed Assets	13 000	9 000	18 596 000	18 543 000
Total Fixed Assets	30 543 000	5 175 000	18 596 000	18 543 000
Stock	21 392 000	12 286 000	0	0
Total Investments	0	0	0	0
Cash, Bank	8 060 000	5 714 000	243 000	394 000
Total Current Assets	61 920 000	38 833 000	1 378 000	9 215 000
Total Assets	92 463 000	44 008 000	19 975 000	27 758 000
Total Equity	27 079 000	19 554 000	10 789 000	10 636 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	38 805 000	3 000 000	7 384 000	15 205 000
Creditors	7 239 000	6 313 000	281 000	424 000
Unpaid Taxes	7 939 000	6 026 000	588 000	279 000
Dividends	0	0	0	0
Other Current Debt	9 636 000	6 583 000	887 000	867 000
Total Current Debt	26 580 000	21 454 000	1 802 000	1 918 000
Total Equity and Debt	92 463 000	44 008 000	19 975 000	27 758 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,46 %	44,57 %	1,42 %	3,03 %
Debt-to-Equity Ratio	1,43	0,15	0,68	1,43
Operating Profit Margin	6,92 %	9,3 %	1,54 %	5,08 %
Current Ratio	2,33	1,81	0,76	4,8
Quick Ratio	11,94	4,24	0,76	4,8
Equity Ratio	0,29	0,44	0,54	0,38
Gross Profit Margin	72,29 %	72,23 %	100 %	100 %