IVAR HEPSØ AS

7740 STEINSDALEN

Finances

Share Ownership

Return on Equity

−3,48 %

Current Ratio

0,11

Debt-to-Equity Ratio

1,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 450 000	956 000	994 000	414 000
Net Income	−88 000	−271 000	−205 000	−489 000
Total Assets	10 031 000	10 011 000	9 662 000	9 693 000
Total Equity	2 530 000	2 618 000	2 889 000	3 093 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 450 000	956 000	994 000	414 000
Expenditure	1 428 000	1 200 000	1 142 000	902 000
Operating Profit	22 000	−245 000	−149 000	−489 000
Financial Income	5 000	5 000	3 000	0
Financial Costs	142 000	109 000	117 000	17 000
Financial Balance	−137 000	−104 000	−114 000	−17 000
Earnings Before Tax	−114 000	−348 000	−263 000	−506 000
Tax	−26 000	−78 000	−58 000	−17 000
Net Income	−88 000	−271 000	−205 000	−489 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 551 000	9 688 000	9 405 000	9 509 000
Total Current Assets	479 000	324 000	258 000	183 000
Total Assets	10 031 000	10 011 000	9 662 000	9 693 000
Total Retained Equity	−965 000	−877 000	−607 000	−402 000
Total Equity	2 530 000	2 618 000	2 889 000	3 093 000
Total Long-Term Debt	3 111 000	3 234 000	3 365 000	3 490 000
Total Current Debt	4 390 000	4 159 000	3 408 000	3 109 000
Total Equity and Debt	10 031 000	10 011 000	9 662 000	9 693 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 450 000	956 000	994 000	414 000
Other Income	0	0	0	0
Revenue	1 450 000	956 000	994 000	414 000
Cost of Goods Sold	0	2 000	0	10 000
Salary Costs	808 000	699 000	520 000	432 000
Depreciation	300 000	275 000	267 000	235 000
Impairment	0	0	0	0
Expenditure	1 428 000	1 200 000	1 142 000	902 000
Operating Profit	22 000	−245 000	−149 000	−489 000
Financial Income	5 000	5 000	3 000	0
Financial Costs	142 000	109 000	117 000	17 000
Financial Balance	−137 000	−104 000	−114 000	−17 000
Dividends	0	0	0	0
Net Income	−88 000	−271 000	−205 000	−489 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 679 000	6 653 000	6 575 000	6 517 000
Real Eastate	543 000	478 000	0	0
Machinery and Plant Facilities	350 000	389 000	473 000	447 000
Fixtures	0	0	0	0
Total Tangible Assets	2 859 000	3 022 000	2 816 000	2 979 000
Total Fiancial Fixed Assets	14 000	14 000	14 000	14 000
Total Fixed Assets	9 551 000	9 688 000	9 405 000	9 509 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	451 000	293 000	235 000	152 000
Total Current Assets	479 000	324 000	258 000	183 000
Total Assets	10 031 000	10 011 000	9 662 000	9 693 000
Total Equity	2 530 000	2 618 000	2 889 000	3 093 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 111 000	3 234 000	3 365 000	3 490 000
Creditors	58 000	59 000	70 000	21 000
Unpaid Taxes	71 000	−52 000	38 000	16 000
Dividends	0	0	0	0
Other Current Debt	4 261 000	4 152 000	3 300 000	3 073 000
Total Current Debt	4 390 000	4 159 000	3 408 000	3 109 000
Total Equity and Debt	10 031 000	10 011 000	9 662 000	9 693 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,48 %	−10,35 %	−7,1 %	−15,81 %
Debt-to-Equity Ratio	1,23	1,24	1,16	1,13
Operating Profit Margin	1,52 %	−25,63 %	−14,99 %	−118,12 %
Current Ratio	0,11	0,08	0,08	0,06
Quick Ratio	0,11	0,08	0,08	0,06
Equity Ratio	0,25	0,26	0,3	0,32
Gross Profit Margin	100 %	99,79 %	100 %	97,58 %