X SYSTEMS AS

0160 OSLO

Finances

Share Ownership

Return on Equity

10,27 %

Current Ratio

3,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2018
Revenue	7 678 000	4 677 000	6 448 000	10 664 000
Net Income	297 000	218 000	569 000	411 000
Total Assets	4 260 000	2 998 000	3 273 000	11 851 000
Total Equity	2 892 000	2 595 000	2 377 000	1 808 000

Income (NOK)	2022	2021	2020	2018
Revenue	7 678 000	4 677 000	6 448 000	10 664 000
Expenditure	7 323 000	4 408 000	5 811 000	10 396 000
Operating Profit	355 000	269 000	637 000	269 000
Financial Income	32 000	20 000	148 000	289 000
Financial Costs	6 000	9 000	55 000	24 000
Financial Balance	26 000	11 000	93 000	265 000
Earnings Before Tax	381 000	279 000	730 000	533 000
Tax	84 000	61 000	161 000	123 000
Net Income	297 000	218 000	569 000	411 000

Balance (NOK)	2022	2021	2020	2018
Total Fixed Assets	0	0	0	0
Total Current Assets	4 260 000	2 998 000	3 273 000	11 851 000
Total Assets	4 260 000	2 998 000	3 273 000	11 851 000
Total Retained Equity	2 852 000	2 555 000	2 337 000	1 768 000
Total Equity	2 892 000	2 595 000	2 377 000	1 808 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 368 000	403 000	895 000	10 042 000
Total Equity and Debt	4 260 000	2 998 000	3 273 000	11 851 000

Cash flow (NOK)	2022	2021	2020	2018
Sales Income	7 610 000	4 677 000	6 448 000	10 664 000
Other Income	68 000	0	0	0
Revenue	7 678 000	4 677 000	6 448 000	10 664 000
Cost of Goods Sold	3 256 000	0	0	6 783 000
Salary Costs	2 369 000	3 034 000	2 933 000	1 523 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	7 323 000	4 408 000	5 811 000	10 396 000
Operating Profit	355 000	269 000	637 000	269 000
Financial Income	32 000	20 000	148 000	289 000
Financial Costs	6 000	9 000	55 000	24 000
Financial Balance	26 000	11 000	93 000	265 000
Dividends	0	0	0	0
Net Income	297 000	218 000	569 000	411 000

Balance details (NOK)	2022	2021	2020	2018
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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	4 000	5 000	33 000
Total Investments	0	0	0	0
Cash, Bank	77 000	119 000	1 611 000	535 000
Total Current Assets	4 260 000	2 998 000	3 273 000	11 851 000
Total Assets	4 260 000	2 998 000	3 273 000	11 851 000
Total Equity	2 892 000	2 595 000	2 377 000	1 808 000
Short-Term Group Debt	47 000	0	0	8 884 000
Total Long-Term Debt	0	0	0	0
Creditors	92 000	93 000	1 000	0
Unpaid Taxes	945 000	44 000	579 000	682 000
Dividends	0	0	0	0
Other Current Debt	197 000	247 000	154 000	352 000
Total Current Debt	1 368 000	403 000	895 000	10 042 000
Total Equity and Debt	4 260 000	2 998 000	3 273 000	11 851 000

Financial indicators	2022	2021	2020	2018
Return on Equity	10,27 %	8,4 %	23,94 %	22,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,62 %	5,75 %	9,88 %	2,52 %
Current Ratio	3,11	7,44	3,66	1,18
Quick Ratio	3,11	7,51	3,68	1,18
Equity Ratio	0,68	0,87	0,73	0,15
Gross Profit Margin	57,59 %	100 %	100 %	36,39 %