SYSTEL

0170 OSLO

Finances

Share Ownership

Return on Equity

−4,43 %

Current Ratio

4,29

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	117 000	469 000	1 869 000	1 850 000
Net Income	−156 000	344 000	908 000	645 000
Total Assets	4 574 000	4 466 000	4 220 000	3 260 000
Total Equity	3 518 000	3 674 000	3 330 000	2 422 000

Income (NOK)	2021	2020	2019	2018
Revenue	117 000	469 000	1 869 000	1 850 000
Expenditure	307 000	124 000	699 000	1 058 000
Operating Profit	−190 000	345 000	1 170 000	792 000
Financial Income	0	98 000	16 000	54 000
Financial Costs	8 000	2 000	22 000	9 000
Financial Balance	−8 000	96 000	−6 000	45 000
Earnings Before Tax	−198 000	441 000	1 164 000	837 000
Tax	−42 000	98 000	256 000	193 000
Net Income	−156 000	344 000	908 000	645 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	42 000	0	0	0
Total Current Assets	4 532 000	4 466 000	4 220 000	3 260 000
Total Assets	4 574 000	4 466 000	4 220 000	3 260 000
Total Retained Equity	3 518 000	3 674 000	3 330 000	2 422 000
Total Equity	3 518 000	3 674 000	3 330 000	2 422 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 057 000	792 000	890 000	838 000
Total Equity and Debt	4 574 000	4 466 000	4 220 000	3 260 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	117 000	469 000	1 869 000	1 850 000
Other Income	0	0	0	0
Revenue	117 000	469 000	1 869 000	1 850 000
Cost of Goods Sold	0	0	160 000	422 000
Salary Costs	258 000	120 000	479 000	447 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	307 000	124 000	699 000	1 058 000
Operating Profit	−190 000	345 000	1 170 000	792 000
Financial Income	0	98 000	16 000	54 000
Financial Costs	8 000	2 000	22 000	9 000
Financial Balance	−8 000	96 000	−6 000	45 000
Dividends	0	0	0	0
Net Income	−156 000	344 000	908 000	645 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	42 000	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	42 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 459 000	4 724 000	3 448 000	2 829 000
Total Current Assets	4 532 000	4 466 000	4 220 000	3 260 000
Total Assets	4 574 000	4 466 000	4 220 000	3 260 000
Total Equity	3 518 000	3 674 000	3 330 000	2 422 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	1 000	495 000	425 000
Unpaid Taxes	30 000	0	29 000	−5 000
Dividends	0	0	0	0
Other Current Debt	1 025 000	694 000	109 000	226 000
Total Current Debt	1 057 000	792 000	890 000	838 000
Total Equity and Debt	4 574 000	4 466 000	4 220 000	3 260 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−4,43 %	9,36 %	27,27 %	26,63 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−162,39 %	73,56 %	62,6 %	42,81 %
Current Ratio	4,29	5,64	4,74	3,89
Quick Ratio	4,29	5,64	4,74	3,89
Equity Ratio	0,77	0,82	0,79	0,74
Gross Profit Margin	100 %	100 %	91,44 %	77,19 %