IEC TELECOM NORWAY AS

0658 OSLO

Finances

Share Ownership

Return on Equity

22,78 %

Current Ratio

1,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 775 000	26 832 000	33 149 000	30 405 000
Net Income	279 000	489 000	1 320 000	609 000
Total Assets	9 463 000	6 082 000	8 442 000	8 903 000
Total Equity	1 225 000	946 000	857 000	738 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 775 000	26 832 000	33 149 000	30 405 000
Expenditure	32 245 000	25 991 000	31 594 000	29 402 000
Operating Profit	530 000	840 000	1 556 000	1 003 000
Financial Income	396 000	206 000	690 000	65 000
Financial Costs	564 000	433 000	568 000	204 000
Financial Balance	−168 000	−227 000	122 000	−139 000
Earnings Before Tax	363 000	613 000	1 677 000	864 000
Tax	84 000	124 000	358 000	255 000
Net Income	279 000	489 000	1 320 000	609 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 000	4 000	4 000	4 000
Total Current Assets	9 459 000	6 078 000	8 438 000	8 899 000
Total Assets	9 463 000	6 082 000	8 442 000	8 903 000
Total Retained Equity	955 000	676 000	587 000	468 000
Total Equity	1 225 000	946 000	857 000	738 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	8 238 000	5 136 000	7 584 000	8 165 000
Total Equity and Debt	9 463 000	6 082 000	8 442 000	8 903 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	32 769 000	26 828 000	33 253 000	30 286 000
Other Income	6 000	5 000	−103 000	119 000
Revenue	32 775 000	26 832 000	33 149 000	30 405 000
Cost of Goods Sold	23 582 000	19 047 000	24 994 000	22 658 000
Salary Costs	1 583 000	1 798 000	1 645 000	1 254 000
Depreciation	0	0	0	357 000
Impairment	0	0	0	0
Expenditure	32 245 000	25 991 000	31 594 000	29 402 000
Operating Profit	530 000	840 000	1 556 000	1 003 000
Financial Income	396 000	206 000	690 000	65 000
Financial Costs	564 000	433 000	568 000	204 000
Financial Balance	−168 000	−227 000	122 000	−139 000
Dividends	0	400 000	1 200 000	600 000
Net Income	279 000	489 000	1 320 000	609 000

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	4 000	4 000	4 000	4 000
Total Fixed Assets	4 000	4 000	4 000	4 000
Stock	4 617 000	3 552 000	3 896 000	4 142 000
Total Investments	0	0	0	0
Cash, Bank	1 747 000	163 000	1 435 000	1 966 000
Total Current Assets	9 459 000	6 078 000	8 438 000	8 899 000
Total Assets	9 463 000	6 082 000	8 442 000	8 903 000
Total Equity	1 225 000	946 000	857 000	738 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	6 195 000	2 529 000	3 972 000	5 724 000
Unpaid Taxes	1 200 000	936 000	1 303 000	863 000
Dividends	0	400 000	1 200 000	600 000
Other Current Debt	759 000	1 145 000	752 000	722 000
Total Current Debt	8 238 000	5 136 000	7 584 000	8 165 000
Total Equity and Debt	9 463 000	6 082 000	8 442 000	8 903 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,78 %	51,69 %	154,03 %	82,52 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,62 %	3,13 %	4,69 %	3,3 %
Current Ratio	1,15	1,18	1,11	1,09
Quick Ratio	2,61	3,84	2,29	2,21
Equity Ratio	0,13	0,16	0,1	0,08
Gross Profit Margin	28,05 %	29,01 %	24,6 %	25,48 %