IVAS NORGE AS

4005 STAVANGER

Finances

Share Ownership

Return on Equity

17,67 %

Current Ratio

1,48

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	611 000	837 000	632 000	649 000
Net Income	47 000	63 000	30 000	206 000
Total Assets	430 000	389 000	345 000	299 000
Total Equity	266 000	239 000	175 000	146 000

Income (NOK)	2022	2021	2020	2019
Revenue	611 000	837 000	632 000	649 000
Expenditure	567 000	754 000	588 000	393 000
Operating Profit	44 000	83 000	44 000	255 000
Financial Income	0	0	0	0
Financial Costs	0	2 000	0	0
Financial Balance	0	−2 000	0	0
Earnings Before Tax	44 000	81 000	44 000	255 000
Tax	−3 000	18 000	14 000	50 000
Net Income	47 000	63 000	30 000	206 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	186 000	23 000	36 000	50 000
Total Current Assets	244 000	366 000	308 000	249 000
Total Assets	430 000	389 000	345 000	299 000
Total Retained Equity	236 000	209 000	145 000	116 000
Total Equity	266 000	239 000	175 000	146 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	165 000	151 000	170 000	154 000
Total Equity and Debt	430 000	389 000	345 000	299 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	611 000	837 000	632 000	637 000
Other Income	0	0	0	12 000
Revenue	611 000	837 000	632 000	649 000
Cost of Goods Sold	0	0	0	0
Salary Costs	336 000	419 000	167 000	0
Depreciation	13 000	13 000	14 000	8 000
Impairment	0	0	0	0
Expenditure	567 000	754 000	588 000	393 000
Operating Profit	44 000	83 000	44 000	255 000
Financial Income	0	0	0	0
Financial Costs	0	2 000	0	0
Financial Balance	0	−2 000	0	0
Dividends	0	0	0	60 000
Net Income	47 000	63 000	30 000	206 000

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	186 000	23 000	36 000	50 000
Total Tangible Assets	186 000	23 000	36 000	50 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	186 000	23 000	36 000	50 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	230 000	334 000	154 000	172 000
Total Current Assets	244 000	366 000	308 000	249 000
Total Assets	430 000	389 000	345 000	299 000
Total Equity	266 000	239 000	175 000	146 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	1 000	2 000	72 000
Unpaid Taxes	21 000	42 000	93 000	−28 000
Dividends	0	0	0	60 000
Other Current Debt	74 000	27 000	4 000	0
Total Current Debt	165 000	151 000	170 000	154 000
Total Equity and Debt	430 000	389 000	345 000	299 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,67 %	26,36 %	17,14 %	141,1 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,2 %	9,92 %	6,96 %	39,29 %
Current Ratio	1,48	2,42	1,81	1,62
Quick Ratio	1,48	2,42	1,81	1,62
Equity Ratio	0,62	0,61	0,51	0,49
Gross Profit Margin	100 %	100 %	100 %	100 %