WORK SYSTEM NORWAY AS

0664 OSLO

Finances

Share Ownership

Return on Equity

21,78 %

Current Ratio

1,56

Debt-to-Equity Ratio

−3,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 605 000	10 280 000	9 999 000	8 227 000
Net Income	−110 000	−181 000	424 000	−162 000
Total Assets	2 896 000	2 056 000	2 616 000	2 619 000
Total Equity	−505 000	−396 000	−214 000	−638 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 605 000	10 280 000	9 999 000	8 227 000
Expenditure	11 588 000	10 552 000	9 318 000	8 360 000
Operating Profit	17 000	−172 000	753 000	108 000
Financial Income	64 000	86 000	5 000	29 000
Financial Costs	191 000	96 000	335 000	120 000
Financial Balance	−127 000	−10 000	−330 000	−91 000
Earnings Before Tax	−110 000	−181 000	424 000	16 000
Tax	0	0	0	179 000
Net Income	−110 000	−181 000	424 000	−162 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	456 000	554 000	628 000	734 000
Total Current Assets	2 441 000	1 502 000	1 988 000	1 885 000
Total Assets	2 896 000	2 056 000	2 616 000	2 619 000
Total Retained Equity	−535 000	−426 000	−244 000	−668 000
Total Equity	−505 000	−396 000	−214 000	−638 000
Total Long-Term Debt	1 842 000	1 244 000	1 232 000	1 656 000
Total Current Debt	1 560 000	1 207 000	1 597 000	1 602 000
Total Equity and Debt	2 896 000	2 056 000	2 616 000	2 619 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 531 000	10 135 000	9 823 000	8 225 000
Other Income	74 000	145 000	176 000	2 000
Revenue	11 605 000	10 280 000	9 999 000	8 227 000
Cost of Goods Sold	6 295 000	5 411 000	5 333 000	4 090 000
Salary Costs	2 279 000	2 325 000	1 656 000	2 391 000
Depreciation	98 000	101 000	106 000	72 000
Impairment	0	0	0	0
Expenditure	11 588 000	10 552 000	9 318 000	8 360 000
Operating Profit	17 000	−172 000	753 000	108 000
Financial Income	64 000	86 000	5 000	29 000
Financial Costs	191 000	96 000	335 000	120 000
Financial Balance	−127 000	−10 000	−330 000	−91 000
Dividends	0	0	0	0
Net Income	−110 000	−181 000	424 000	−162 000

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	456 000	554 000	628 000	734 000
Total Tangible Assets	456 000	554 000	628 000	734 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	456 000	554 000	628 000	734 000
Stock	173 000	246 000	239 000	266 000
Total Investments	0	0	0	0
Cash, Bank	980 000	685 000	998 000	428 000
Total Current Assets	2 441 000	1 502 000	1 988 000	1 885 000
Total Assets	2 896 000	2 056 000	2 616 000	2 619 000
Total Equity	−505 000	−396 000	−214 000	−638 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 842 000	1 244 000	1 232 000	1 656 000
Creditors	437 000	522 000	834 000	1 104 000
Unpaid Taxes	477 000	467 000	527 000	251 000
Dividends	0	0	0	0
Other Current Debt	645 000	219 000	236 000	246 000
Total Current Debt	1 560 000	1 207 000	1 597 000	1 602 000
Total Equity and Debt	2 896 000	2 056 000	2 616 000	2 619 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,78 %	45,71 %	−198,13 %	25,39 %
Debt-to-Equity Ratio	−3,65	−3,14	−5,76	−2,6
Operating Profit Margin	0,15 %	−1,67 %	7,53 %	1,31 %
Current Ratio	1,56	1,24	1,24	1,18
Quick Ratio	1,76	1,56	1,46	1,41
Equity Ratio	−0,17	−0,19	−0,08	−0,24
Gross Profit Margin	45,76 %	47,36 %	46,66 %	50,29 %