SALTO SYSTEMS AS

2070 RÅHOLT

Finances

Share Ownership

Return on Equity

220 %

Current Ratio

1,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	102 276 000	83 331 000	70 012 000	62 258 000
Net Income	7 590 000	5 371 000	7 391 000	3 697 000
Total Assets	44 997 000	35 664 000	36 186 000	24 794 000
Total Equity	3 450 000	3 360 000	3 089 000	2 698 000

Income (NOK)	2022	2021	2020	2019
Revenue	102 276 000	83 331 000	70 012 000	62 258 000
Expenditure	92 517 000	76 474 000	60 568 000	57 506 000
Operating Profit	9 759 000	6 857 000	9 444 000	4 750 000
Financial Income	37 000	44 000	70 000	61 000
Financial Costs	65 000	15 000	39 000	63 000
Financial Balance	−28 000	29 000	31 000	−2 000
Earnings Before Tax	9 731 000	6 886 000	9 475 000	4 748 000
Tax	2 141 000	1 515 000	2 084 000	1 051 000
Net Income	7 590 000	5 371 000	7 391 000	3 697 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 244 000	1 095 000	1 172 000	395 000
Total Current Assets	43 754 000	34 569 000	35 014 000	24 400 000
Total Assets	44 997 000	35 664 000	36 186 000	24 794 000
Total Retained Equity	1 650 000	1 560 000	1 289 000	898 000
Total Equity	3 450 000	3 360 000	3 089 000	2 698 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	41 547 000	32 304 000	33 097 000	22 097 000
Total Equity and Debt	44 997 000	35 664 000	36 186 000	24 794 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	101 384 000	83 331 000	70 012 000	62 258 000
Other Income	892 000	0	0	0
Revenue	102 276 000	83 331 000	70 012 000	62 258 000
Cost of Goods Sold	60 066 000	50 781 000	38 795 000	36 172 000
Salary Costs	21 085 000	17 745 000	14 723 000	12 740 000
Depreciation	252 000	232 000	188 000	187 000
Impairment	0	0	0	0
Expenditure	92 517 000	76 474 000	60 568 000	57 506 000
Operating Profit	9 759 000	6 857 000	9 444 000	4 750 000
Financial Income	37 000	44 000	70 000	61 000
Financial Costs	65 000	15 000	39 000	63 000
Financial Balance	−28 000	29 000	31 000	−2 000
Dividends	7 500 000	5 100 000	7 000 000	3 500 000
Net Income	7 590 000	5 371 000	7 391 000	3 697 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	58 000	78 000	21 000	26 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	538 000	383 000	517 000	214 000
Total Tangible Assets	538 000	383 000	517 000	214 000
Total Fiancial Fixed Assets	648 000	633 000	633 000	154 000
Total Fixed Assets	1 244 000	1 095 000	1 172 000	395 000
Stock	1 560 000	1 725 000	2 023 000	2 981 000
Total Investments	0	0	0	0
Cash, Bank	25 121 000	12 270 000	18 818 000	9 896 000
Total Current Assets	43 754 000	34 569 000	35 014 000	24 400 000
Total Assets	44 997 000	35 664 000	36 186 000	24 794 000
Total Equity	3 450 000	3 360 000	3 089 000	2 698 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	17 411 000	13 945 000	15 528 000	10 437 000
Unpaid Taxes	5 692 000	5 848 000	4 968 000	4 046 000
Dividends	7 500 000	5 100 000	7 000 000	3 500 000
Other Current Debt	8 824 000	5 839 000	3 523 000	3 056 000
Total Current Debt	41 547 000	32 304 000	33 097 000	22 097 000
Total Equity and Debt	44 997 000	35 664 000	36 186 000	24 794 000

Financial indicators	2022	2021	2020	2019
Return on Equity	220 %	159,85 %	239,27 %	137,03 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,54 %	8,23 %	13,49 %	7,63 %
Current Ratio	1,05	1,07	1,06	1,1
Quick Ratio	1,09	1,13	1,13	1,28
Equity Ratio	0,08	0,09	0,09	0,11
Gross Profit Margin	41,27 %	39,06 %	44,59 %	41,9 %