SYSTEM NORGE AS

5072 BERGEN

Finances

Share Ownership

Return on Equity

26,7 %

Current Ratio

1,75

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 455 000	7 809 000	3 922 000	3 660 000
Net Income	244 000	382 000	177 000	91 000
Total Assets	2 152 000	2 575 000	1 157 000	771 000
Total Equity	914 000	670 000	288 000	111 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 455 000	7 809 000	3 922 000	3 660 000
Expenditure	9 115 000	7 338 000	3 729 000	3 563 000
Operating Profit	339 000	470 000	195 000	96 000
Financial Income	18 000	25 000	2 000	1 000
Financial Costs	39 000	12 000	19 000	7 000
Financial Balance	−21 000	13 000	−17 000	−6 000
Earnings Before Tax	318 000	484 000	178 000	91 000
Tax	74 000	102 000	1 000	0
Net Income	244 000	382 000	177 000	91 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	115 000	139 000	8 000	12 000
Total Current Assets	2 036 000	2 437 000	1 149 000	758 000
Total Assets	2 152 000	2 575 000	1 157 000	771 000
Total Retained Equity	655 000	411 000	29 000	−148 000
Total Equity	914 000	670 000	288 000	111 000
Total Long-Term Debt	75 000	237 000	400 000	0
Total Current Debt	1 162 000	1 668 000	469 000	660 000
Total Equity and Debt	2 152 000	2 575 000	1 157 000	771 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 455 000	7 804 000	3 922 000	3 660 000
Other Income	0	4 000	0	0
Revenue	9 455 000	7 809 000	3 922 000	3 660 000
Cost of Goods Sold	4 289 000	3 914 000	1 662 000	1 783 000
Salary Costs	3 187 000	2 486 000	1 401 000	1 310 000
Depreciation	40 000	22 000	5 000	26 000
Impairment	0	0	0	0
Expenditure	9 115 000	7 338 000	3 729 000	3 563 000
Operating Profit	339 000	470 000	195 000	96 000
Financial Income	18 000	25 000	2 000	1 000
Financial Costs	39 000	12 000	19 000	7 000
Financial Balance	−21 000	13 000	−17 000	−6 000
Dividends	0	0	0	0
Net Income	244 000	382 000	177 000	91 000

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	108 000	132 000	8 000	12 000
Total Tangible Assets	108 000	132 000	8 000	12 000
Total Fiancial Fixed Assets	7 000	7 000	0	0
Total Fixed Assets	115 000	139 000	8 000	12 000
Stock	453 000	211 000	149 000	130 000
Total Investments	0	0	0	0
Cash, Bank	605 000	377 000	294 000	104 000
Total Current Assets	2 036 000	2 437 000	1 149 000	758 000
Total Assets	2 152 000	2 575 000	1 157 000	771 000
Total Equity	914 000	670 000	288 000	111 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	75 000	237 000	400 000	0
Creditors	333 000	852 000	144 000	271 000
Unpaid Taxes	463 000	479 000	186 000	196 000
Dividends	0	0	0	0
Other Current Debt	292 000	235 000	138 000	193 000
Total Current Debt	1 162 000	1 668 000	469 000	660 000
Total Equity and Debt	2 152 000	2 575 000	1 157 000	771 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,7 %	57,01 %	61,46 %	81,98 %
Debt-to-Equity Ratio	0,08	0,35	1,39	0
Operating Profit Margin	3,59 %	6,02 %	4,97 %	2,62 %
Current Ratio	1,75	1,46	2,45	1,15
Quick Ratio	2,87	1,67	3,59	1,43
Equity Ratio	0,42	0,26	0,25	0,14
Gross Profit Margin	54,64 %	49,88 %	57,62 %	51,28 %