IQ SYSTEMS AS

5003 BERGEN

Finances

Return on Equity

80,2 %

Current Ratio

0,2

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 000	23 000	53 000	37 000
Net Income	794 000	160 000	−10 000	15 000
Total Assets	1 511 000	795 000	231 000	92 000
Total Equity	990 000	197 000	37 000	47 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 000	23 000	53 000	37 000
Expenditure	54 000	95 000	64 000	17 000
Operating Profit	−11 000	−73 000	−10 000	20 000
Financial Income	805 000	234 000	1 000	0
Financial Costs	1 000	1 000	1 000	1 000
Financial Balance	804 000	233 000	0	−1 000
Earnings Before Tax	794 000	160 000	−10 000	19 000
Tax	0	0	0	4 000
Net Income	794 000	160 000	−10 000	15 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 408 000	794 000	180 000	30 000
Total Current Assets	103 000	1 000	51 000	62 000
Total Assets	1 511 000	795 000	231 000	92 000
Total Retained Equity	960 000	167 000	7 000	17 000
Total Equity	990 000	197 000	37 000	47 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	521 000	598 000	194 000	45 000
Total Equity and Debt	1 511 000	795 000	231 000	92 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	43 000	23 000	53 000	37 000
Other Income	0	0	0	0
Revenue	43 000	23 000	53 000	37 000
Cost of Goods Sold	12 000	63 000	43 000	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	54 000	95 000	64 000	17 000
Operating Profit	−11 000	−73 000	−10 000	20 000
Financial Income	805 000	234 000	1 000	0
Financial Costs	1 000	1 000	1 000	1 000
Financial Balance	804 000	233 000	0	−1 000
Dividends	0	0	0	0
Net Income	794 000	160 000	−10 000	15 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 408 000	794 000	180 000	30 000
Total Fixed Assets	1 408 000	794 000	180 000	30 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	103 000	1 000	9 000	1 000
Total Current Assets	103 000	1 000	51 000	62 000
Total Assets	1 511 000	795 000	231 000	92 000
Total Equity	990 000	197 000	37 000	47 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	13 000	20 000	0	11 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	508 000	578 000	194 000	30 000
Total Current Debt	521 000	598 000	194 000	45 000
Total Equity and Debt	1 511 000	795 000	231 000	92 000

Financial indicators	2022	2021	2020	2019
Return on Equity	80,2 %	81,22 %	−27,03 %	31,91 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−25,58 %	−317,39 %	−18,87 %	54,05 %
Current Ratio	0,2	0	0,26	1,38
Quick Ratio	0,2	0	0,26	1,38
Equity Ratio	0,66	0,25	0,16	0,51
Gross Profit Margin	72,09 %	−173,91 %	18,87 %	100 %