QWIPS SERVICE SOLUTIONS AS

0277 OSLO

Finances

Share Ownership

Return on Equity

−40,34 %

Current Ratio

0,97

Debt-to-Equity Ratio

0,82

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 584 000	3 373 000	1 978 000	1 963 000
Net Income	−708 000	−181 000	−252 000	−870 000
Total Assets	3 898 000	6 465 000	1 887 000	420 000
Total Equity	1 755 000	2 462 000	−2 263 000	−2 965 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 584 000	3 373 000	1 978 000	1 963 000
Expenditure	4 168 000	3 357 000	2 078 000	2 601 000
Operating Profit	−584 000	16 000	−100 000	−639 000
Financial Income	3 000	0	5 000	5 000
Financial Costs	127 000	197 000	157 000	236 000
Financial Balance	−124 000	−197 000	−152 000	−231 000
Earnings Before Tax	−708 000	−181 000	−252 000	−870 000
Tax	0	0	0	0
Net Income	−708 000	−181 000	−252 000	−870 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 213 000	3 169 000	1 459 000	274 000
Total Current Assets	685 000	3 296 000	428 000	146 000
Total Assets	3 898 000	6 465 000	1 887 000	420 000
Total Retained Equity	−4 154 000	−3 446 000	−3 376 000	−4 273 000
Total Equity	1 755 000	2 462 000	−2 263 000	−2 965 000
Total Long-Term Debt	1 436 000	3 006 000	3 864 000	3 070 000
Total Current Debt	708 000	998 000	286 000	316 000
Total Equity and Debt	3 898 000	6 465 000	1 887 000	420 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 584 000	3 373 000	1 978 000	1 963 000
Other Income	0	0	0	0
Revenue	3 584 000	3 373 000	1 978 000	1 963 000
Cost of Goods Sold	51 000	133 000	0	299 000
Salary Costs	2 193 000	1 159 000	506 000	0
Depreciation	966 000	659 000	138 000	186 000
Impairment	0	0	0	0
Expenditure	4 168 000	3 357 000	2 078 000	2 601 000
Operating Profit	−584 000	16 000	−100 000	−639 000
Financial Income	3 000	0	5 000	5 000
Financial Costs	127 000	197 000	157 000	236 000
Financial Balance	−124 000	−197 000	−152 000	−231 000
Dividends	0	0	0	0
Net Income	−708 000	−181 000	−252 000	−870 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 958 000	2 781 000	1 436 000	274 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	255 000	388 000	23 000	0
Total Tangible Assets	255 000	388 000	23 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 213 000	3 169 000	1 459 000	274 000
Stock	49 000	49 000	50 000	0
Total Investments	0	0	0	0
Cash, Bank	188 000	443 000	151 000	44 000
Total Current Assets	685 000	3 296 000	428 000	146 000
Total Assets	3 898 000	6 465 000	1 887 000	420 000
Total Equity	1 755 000	2 462 000	−2 263 000	−2 965 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 436 000	3 006 000	3 864 000	3 070 000
Creditors	95 000	119 000	67 000	260 000
Unpaid Taxes	250 000	544 000	78 000	0
Dividends	0	0	0	0
Other Current Debt	362 000	334 000	140 000	56 000
Total Current Debt	708 000	998 000	286 000	316 000
Total Equity and Debt	3 898 000	6 465 000	1 887 000	420 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−40,34 %	−7,35 %	11,14 %	29,34 %
Debt-to-Equity Ratio	0,82	1,22	−1,71	−1,04
Operating Profit Margin	−16,29 %	0,47 %	−5,06 %	−32,55 %
Current Ratio	0,97	3,3	1,5	0,46
Quick Ratio	1,04	3,47	1,81	0,46
Equity Ratio	0,45	0,38	−1,2	−7,06
Gross Profit Margin	98,58 %	96,06 %	100 %	84,77 %