IP SYSTEMS AS

2821 GJØVIK

Finances

Share Ownership

Return on Equity

362,2 %

Current Ratio

0,18

Debt-to-Equity Ratio

15,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 880 000	959 000	1 674 000	4 259 000
Net Income	297 000	−303 000	−1 000	133 000
Total Assets	1 778 000	1 978 000	2 465 000	2 369 000
Total Equity	82 000	−215 000	88 000	88 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 880 000	959 000	1 674 000	4 259 000
Expenditure	1 548 000	1 230 000	1 662 000	4 127 000
Operating Profit	331 000	−272 000	12 000	132 000
Financial Income	9 000	2 000	13 000	4 000
Financial Costs	43 000	32 000	26 000	3 000
Financial Balance	−34 000	−30 000	−13 000	1 000
Earnings Before Tax	297 000	−303 000	−1 000	133 000
Tax	0	0	0	0
Net Income	297 000	−303 000	−1 000	133 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 701 000	1 944 000	2 187 000	0
Total Current Assets	77 000	34 000	278 000	2 369 000
Total Assets	1 778 000	1 978 000	2 465 000	2 369 000
Total Retained Equity	2 000	−295 000	8 000	8 000
Total Equity	82 000	−215 000	88 000	88 000
Total Long-Term Debt	1 257 000	1 307 000	562 000	0
Total Current Debt	439 000	886 000	1 815 000	2 281 000
Total Equity and Debt	1 778 000	1 978 000	2 465 000	2 369 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 880 000	879 000	2 067 000	1 168 000
Other Income	0	80 000	−393 000	3 092 000
Revenue	1 880 000	959 000	1 674 000	4 259 000
Cost of Goods Sold	228 000	493 000	35 000	834 000
Salary Costs	990 000	353 000	735 000	639 000
Depreciation	243 000	243 000	243 000	0
Impairment	0	0	0	0
Expenditure	1 548 000	1 230 000	1 662 000	4 127 000
Operating Profit	331 000	−272 000	12 000	132 000
Financial Income	9 000	2 000	13 000	4 000
Financial Costs	43 000	32 000	26 000	3 000
Financial Balance	−34 000	−30 000	−13 000	1 000
Dividends	0	0	0	0
Net Income	297 000	−303 000	−1 000	133 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 701 000	1 944 000	2 187 000	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	1 701 000	1 944 000	2 187 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	73 000	34 000	278 000	34 000
Total Current Assets	77 000	34 000	278 000	2 369 000
Total Assets	1 778 000	1 978 000	2 465 000	2 369 000
Total Equity	82 000	−215 000	88 000	88 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 257 000	1 307 000	562 000	0
Creditors	58 000	528 000	1 167 000	1 892 000
Unpaid Taxes	76 000	−35 000	300 000	181 000
Dividends	0	0	0	0
Other Current Debt	305 000	393 000	198 000	208 000
Total Current Debt	439 000	886 000	1 815 000	2 281 000
Total Equity and Debt	1 778 000	1 978 000	2 465 000	2 369 000

Financial indicators	2022	2021	2020	2019
Return on Equity	362,2 %	140,93 %	−1,14 %	151,14 %
Debt-to-Equity Ratio	15,33	−6,08	6,39	0
Operating Profit Margin	17,61 %	−28,36 %	0,72 %	3,1 %
Current Ratio	0,18	0,04	0,15	1,04
Quick Ratio	0,18	0,04	0,15	1,04
Equity Ratio	0,05	−0,11	0,04	0,04
Gross Profit Margin	87,87 %	48,59 %	97,91 %	80,42 %