IRONSTEEL SCANDINAVIA AS

1164 OSLO

Finances

Share Ownership

Return on Equity

43,54 %

Current Ratio

2,76

Debt-to-Equity Ratio

15,24

Key figures (NOK)	2022	2021	2020
Revenue	2 873 000	2 482 000	739 000
Net Income	64 000	−106 000	−6 000
Total Assets	3 737 000	2 576 000	2 146 000
Total Equity	147 000	83 000	189 000

Income (NOK)	2022	2021	2020
Revenue	2 873 000	2 482 000	739 000
Expenditure	2 766 000	2 650 000	740 000
Operating Profit	108 000	−169 000	−1 000
Financial Income	0	71 000	16 000
Financial Costs	43 000	9 000	20 000
Financial Balance	−43 000	62 000	−4 000
Earnings Before Tax	64 000	−106 000	−6 000
Tax	0	0	0
Net Income	64 000	−106 000	−6 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	13 000	0	0
Total Current Assets	3 723 000	2 576 000	2 146 000
Total Assets	3 737 000	2 576 000	2 146 000
Total Retained Equity	−47 000	−111 000	−6 000
Total Equity	147 000	83 000	189 000
Total Long-Term Debt	2 240 000	1 900 000	1 400 000
Total Current Debt	1 349 000	593 000	558 000
Total Equity and Debt	3 737 000	2 576 000	2 146 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 873 000	2 482 000	739 000
Other Income	0	0	0
Revenue	2 873 000	2 482 000	739 000
Cost of Goods Sold	1 966 000	1 666 000	484 000
Salary Costs	407 000	737 000	0
Depreciation	3 000	0	0
Impairment	0	0	0
Expenditure	2 766 000	2 650 000	740 000
Operating Profit	108 000	−169 000	−1 000
Financial Income	0	71 000	16 000
Financial Costs	43 000	9 000	20 000
Financial Balance	−43 000	62 000	−4 000
Dividends	0	0	0
Net Income	64 000	−106 000	−6 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	13 000	0	0
Total Tangible Assets	13 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	13 000	0	0
Stock	3 046 000	2 222 000	1 936 000
Total Investments	0	0	0
Cash, Bank	514 000	304 000	146 000
Total Current Assets	3 723 000	2 576 000	2 146 000
Total Assets	3 737 000	2 576 000	2 146 000
Total Equity	147 000	83 000	189 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 240 000	1 900 000	1 400 000
Creditors	812 000	11 000	451 000
Unpaid Taxes	327 000	422 000	53 000
Dividends	0	0	0
Other Current Debt	210 000	160 000	54 000
Total Current Debt	1 349 000	593 000	558 000
Total Equity and Debt	3 737 000	2 576 000	2 146 000

Financial indicators	2022	2021	2020
Return on Equity	43,54 %	−127,71 %	−3,17 %
Debt-to-Equity Ratio	15,24	22,89	7,41
Operating Profit Margin	3,76 %	−6,81 %	−0,14 %
Current Ratio	2,76	4,34	3,85
Quick Ratio	−2,19	−1,58	−1,56
Equity Ratio	0,04	0,03	0,09
Gross Profit Margin	31,57 %	32,88 %	34,51 %