IPS NORWAY AS

7093 TILLER

Finances

Share Ownership

Return on Equity

54,2 %

Current Ratio

1,16

Debt-to-Equity Ratio

2,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 404 000	3 314 000	2 610 000	982 000
Net Income	187 000	180 000	8 000	46 000
Total Assets	2 954 000	1 705 000	1 153 000	1 079 000
Total Equity	345 000	158 000	75 000	67 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 404 000	3 314 000	2 610 000	982 000
Expenditure	5 143 000	3 059 000	2 576 000	926 000
Operating Profit	260 000	255 000	34 000	56 000
Financial Income	1 000	0	0	0
Financial Costs	21 000	21 000	5 000	0
Financial Balance	−20 000	−21 000	−5 000	0
Earnings Before Tax	239 000	234 000	30 000	56 000
Tax	53 000	54 000	21 000	11 000
Net Income	187 000	180 000	8 000	46 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	767 000	888 000	461 000	56 000
Total Current Assets	2 187 000	817 000	692 000	1 023 000
Total Assets	2 954 000	1 705 000	1 153 000	1 079 000
Total Retained Equity	324 000	138 000	54 000	46 000
Total Equity	345 000	158 000	75 000	67 000
Total Long-Term Debt	724 000	654 000	221 000	5 000
Total Current Debt	1 885 000	893 000	857 000	1 007 000
Total Equity and Debt	2 954 000	1 705 000	1 153 000	1 079 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 404 000	3 314 000	2 610 000	982 000
Other Income	0	0	0	0
Revenue	5 404 000	3 314 000	2 610 000	982 000
Cost of Goods Sold	71 000	56 000	244 000	0
Salary Costs	3 846 000	2 060 000	1 446 000	753 000
Depreciation	170 000	130 000	32 000	7 000
Impairment	0	0	0	0
Expenditure	5 143 000	3 059 000	2 576 000	926 000
Operating Profit	260 000	255 000	34 000	56 000
Financial Income	1 000	0	0	0
Financial Costs	21 000	21 000	5 000	0
Financial Balance	−20 000	−21 000	−5 000	0
Dividends	0	0	0	0
Net Income	187 000	180 000	8 000	46 000

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	538 000	619 000	162 000	0
Fixtures	123 000	160 000	199 000	56 000
Total Tangible Assets	662 000	779 000	361 000	56 000
Total Fiancial Fixed Assets	105 000	109 000	100 000	0
Total Fixed Assets	767 000	888 000	461 000	56 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	−94 000	241 000	236 000	123 000
Total Current Assets	2 187 000	817 000	692 000	1 023 000
Total Assets	2 954 000	1 705 000	1 153 000	1 079 000
Total Equity	345 000	158 000	75 000	67 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	724 000	654 000	221 000	5 000
Creditors	344 000	111 000	128 000	489 000
Unpaid Taxes	1 160 000	451 000	562 000	248 000
Dividends	0	0	0	0
Other Current Debt	321 000	309 000	154 000	265 000
Total Current Debt	1 885 000	893 000	857 000	1 007 000
Total Equity and Debt	2 954 000	1 705 000	1 153 000	1 079 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,2 %	113,92 %	10,67 %	68,66 %
Debt-to-Equity Ratio	2,1	4,14	2,95	0,07
Operating Profit Margin	4,81 %	7,69 %	1,3 %	5,7 %
Current Ratio	1,16	0,91	0,81	1,02
Quick Ratio	1,16	0,91	0,81	1,02
Equity Ratio	0,12	0,09	0,07	0,06
Gross Profit Margin	98,69 %	98,31 %	90,65 %	100 %