RELEX SOLUTIONS AS

0158 OSLO

Finances

Share Ownership

Return on Equity

21,42 %

Current Ratio

1,57

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 930 000	21 085 000	16 683 000	16 846 000
Net Income	1 239 000	881 000	782 000	922 000
Total Assets	15 222 000	11 241 000	6 713 000	6 323 000
Total Equity	5 784 000	4 559 000	3 677 000	2 896 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 930 000	21 085 000	16 683 000	16 846 000
Expenditure	28 334 000	19 952 000	15 671 000	15 663 000
Operating Profit	1 595 000	1 133 000	1 011 000	1 183 000
Financial Income	0	0	0	1 000
Financial Costs	5 000	2 000	4 000	3 000
Financial Balance	−5 000	−2 000	−4 000	−2 000
Earnings Before Tax	1 590 000	1 131 000	1 008 000	1 182 000
Tax	351 000	250 000	226 000	260 000
Net Income	1 239 000	881 000	782 000	922 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	443 000	287 000	202 000	155 000
Total Current Assets	14 778 000	10 954 000	6 510 000	6 168 000
Total Assets	15 222 000	11 241 000	6 713 000	6 323 000
Total Retained Equity	5 754 000	4 529 000	3 647 000	2 866 000
Total Equity	5 784 000	4 559 000	3 677 000	2 896 000
Total Long-Term Debt	8 000	2 000	1 000	0
Total Current Debt	9 430 000	6 680 000	3 034 000	3 427 000
Total Equity and Debt	15 222 000	11 241 000	6 713 000	6 323 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 930 000	21 085 000	16 683 000	16 842 000
Other Income	0	0	0	4 000
Revenue	29 930 000	21 085 000	16 683 000	16 846 000
Cost of Goods Sold	1 837 000	1 018 000	980 000	986 000
Salary Costs	23 485 000	17 417 000	13 290 000	12 316 000
Depreciation	36 000	25 000	4 000	0
Impairment	0	0	0	0
Expenditure	28 334 000	19 952 000	15 671 000	15 663 000
Operating Profit	1 595 000	1 133 000	1 011 000	1 183 000
Financial Income	0	0	0	1 000
Financial Costs	5 000	2 000	4 000	3 000
Financial Balance	−5 000	−2 000	−4 000	−2 000
Dividends	0	0	0	0
Net Income	1 239 000	881 000	782 000	922 000

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	261 000	96 000	48 000	0
Fixtures	28 000	36 000	0	0
Total Tangible Assets	288 000	132 000	48 000	0
Total Fiancial Fixed Assets	155 000	155 000	155 000	155 000
Total Fixed Assets	443 000	287 000	202 000	155 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 987 000	6 600 000	2 974 000	1 940 000
Total Current Assets	14 778 000	10 954 000	6 510 000	6 168 000
Total Assets	15 222 000	11 241 000	6 713 000	6 323 000
Total Equity	5 784 000	4 559 000	3 677 000	2 896 000
Short-Term Group Debt	1 837 000	1 018 000	529 000	1 052 000
Total Long-Term Debt	8 000	2 000	1 000	0
Creditors	347 000	400 000	23 000	135 000
Unpaid Taxes	1 797 000	1 102 000	790 000	679 000
Dividends	0	0	0	0
Other Current Debt	5 106 000	3 910 000	1 467 000	1 302 000
Total Current Debt	9 430 000	6 680 000	3 034 000	3 427 000
Total Equity and Debt	15 222 000	11 241 000	6 713 000	6 323 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,42 %	19,32 %	21,27 %	31,84 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,33 %	5,37 %	6,06 %	7,02 %
Current Ratio	1,57	1,64	2,15	1,8
Quick Ratio	1,57	1,64	2,15	1,8
Equity Ratio	0,38	0,41	0,55	0,46
Gross Profit Margin	93,86 %	95,17 %	94,13 %	94,15 %