APPSEC AS

3414 LIERSTRANDA

Finances

Share Ownership

Return on Equity

44,81 %

Current Ratio

3,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 025 000	630 000	1 198 000	1 785 000
Net Income	367 000	−38 000	258 000	495 000
Total Assets	1 172 000	713 000	643 000	1 092 000
Total Equity	819 000	452 000	490 000	232 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 025 000	630 000	1 198 000	1 785 000
Expenditure	1 062 000	399 000	838 000	1 043 000
Operating Profit	964 000	231 000	360 000	742 000
Financial Income	40 000	101 000	63 000	71 000
Financial Costs	528 000	338 000	86 000	152 000
Financial Balance	−488 000	−237 000	−23 000	−81 000
Earnings Before Tax	476 000	−6 000	338 000	661 000
Tax	109 000	32 000	80 000	166 000
Net Income	367 000	−38 000	258 000	495 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	9 000	18 000	0
Total Current Assets	1 172 000	704 000	625 000	1 092 000
Total Assets	1 172 000	713 000	643 000	1 092 000
Total Retained Equity	789 000	422 000	460 000	202 000
Total Equity	819 000	452 000	490 000	232 000
Total Long-Term Debt	4 000	−1 000	0	0
Total Current Debt	350 000	263 000	153 000	860 000
Total Equity and Debt	1 172 000	713 000	643 000	1 092 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 025 000	630 000	1 198 000	1 785 000
Other Income	0	0	0	0
Revenue	2 025 000	630 000	1 198 000	1 785 000
Cost of Goods Sold	0	0	0	0
Salary Costs	892 000	329 000	712 000	913 000
Depreciation	9 000	9 000	9 000	0
Impairment	0	0	0	0
Expenditure	1 062 000	399 000	838 000	1 043 000
Operating Profit	964 000	231 000	360 000	742 000
Financial Income	40 000	101 000	63 000	71 000
Financial Costs	528 000	338 000	86 000	152 000
Financial Balance	−488 000	−237 000	−23 000	−81 000
Dividends	0	0	0	450 000
Net Income	367 000	−38 000	258 000	495 000

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	9 000	18 000	0
Total Tangible Assets	0	9 000	18 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	9 000	18 000	0
Stock	0	0	0	0
Total Investments	362 000	202 000	36 000	165 000
Cash, Bank	547 000	312 000	588 000	726 000
Total Current Assets	1 172 000	704 000	625 000	1 092 000
Total Assets	1 172 000	713 000	643 000	1 092 000
Total Equity	819 000	452 000	490 000	232 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 000	−1 000	0	0
Creditors	3 000	3 000	0	17 000
Unpaid Taxes	140 000	193 000	0	134 000
Dividends	0	0	0	450 000
Other Current Debt	98 000	35 000	73 000	93 000
Total Current Debt	350 000	263 000	153 000	860 000
Total Equity and Debt	1 172 000	713 000	643 000	1 092 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,81 %	−8,41 %	52,65 %	213,36 %
Debt-to-Equity Ratio	0	−0	0	0
Operating Profit Margin	47,6 %	36,67 %	30,05 %	41,57 %
Current Ratio	3,35	2,68	4,08	1,27
Quick Ratio	3,35	2,68	4,08	1,27
Equity Ratio	0,7	0,63	0,76	0,21
Gross Profit Margin	100 %	100 %	100 %	100 %