IPEC AS

1388 BORGEN

Finances

Return on Equity

−79,54 %

Current Ratio

54,29

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	368 000	64 000	65 000	1 093 000
Net Income	−13 532 000	19 484 000	15 809 000	1 346 000
Total Assets	18 618 000	32 055 000	20 889 000	8 801 000
Total Equity	17 013 000	31 445 000	15 962 000	7 852 000

Income (NOK)	2022	2021	2020	2019
Revenue	368 000	64 000	65 000	1 093 000
Expenditure	838 000	950 000	788 000	1 313 000
Operating Profit	−470 000	−886 000	−722 000	−220 000
Financial Income	176 000	26 057 000	16 779 000	1 537 000
Financial Costs	13 342 000	5 580 000	364 000	6 000
Financial Balance	−13 166 000	20 477 000	16 415 000	1 531 000
Earnings Before Tax	−13 635 000	19 592 000	15 693 000	1 311 000
Tax	−104 000	108 000	−116 000	−35 000
Net Income	−13 532 000	19 484 000	15 809 000	1 346 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 308 000	4 348 000	2 748 000	6 273 000
Total Current Assets	15 310 000	27 707 000	18 141 000	2 527 000
Total Assets	18 618 000	32 055 000	20 889 000	8 801 000
Total Retained Equity	16 812 000	31 344 000	15 860 000	7 751 000
Total Equity	17 013 000	31 445 000	15 962 000	7 852 000
Total Long-Term Debt	1 323 000	494 000	604 000	723 000
Total Current Debt	282 000	115 000	4 323 000	226 000
Total Equity and Debt	18 618 000	32 055 000	20 889 000	8 801 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	368 000	64 000	65 000	1 093 000
Other Income	0	0	0	0
Revenue	368 000	64 000	65 000	1 093 000
Cost of Goods Sold	0	10 000	0	0
Salary Costs	557 000	403 000	450 000	991 000
Depreciation	125 000	136 000	136 000	136 000
Impairment	0	0	0	0
Expenditure	838 000	950 000	788 000	1 313 000
Operating Profit	−470 000	−886 000	−722 000	−220 000
Financial Income	176 000	26 057 000	16 779 000	1 537 000
Financial Costs	13 342 000	5 580 000	364 000	6 000
Financial Balance	−13 166 000	20 477 000	16 415 000	1 531 000
Dividends	0	0	0	0
Net Income	−13 532 000	19 484 000	15 809 000	1 346 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	270 000	166 000	275 000	158 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 376 000	575 000	711 000	846 000
Total Tangible Assets	1 376 000	575 000	711 000	846 000
Total Fiancial Fixed Assets	1 662 000	3 606 000	1 762 000	5 269 000
Total Fixed Assets	3 308 000	4 348 000	2 748 000	6 273 000
Stock	0	0	0	0
Total Investments	14 236 000	26 338 000	8 605 000	2 171 000
Cash, Bank	911 000	1 330 000	7 293 000	137 000
Total Current Assets	15 310 000	27 707 000	18 141 000	2 527 000
Total Assets	18 618 000	32 055 000	20 889 000	8 801 000
Total Equity	17 013 000	31 445 000	15 962 000	7 852 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 323 000	494 000	604 000	723 000
Creditors	0	38 000	28 000	0
Unpaid Taxes	185 000	11 000	72 000	130 000
Dividends	0	0	0	0
Other Current Debt	97 000	66 000	4 224 000	95 000
Total Current Debt	282 000	115 000	4 323 000	226 000
Total Equity and Debt	18 618 000	32 055 000	20 889 000	8 801 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−79,54 %	61,96 %	99,04 %	17,14 %
Debt-to-Equity Ratio	0,08	0,02	0,04	0,09
Operating Profit Margin	−127,72 %	−1 384,38 %	−1 110,77 %	−20,13 %
Current Ratio	54,29	240,93	4,2	11,18
Quick Ratio	54,29	240,93	4,2	11,18
Equity Ratio	0,91	0,98	0,76	0,89
Gross Profit Margin	100 %	84,38 %	100 %	100 %