SYSTEMFAG NORGE AS

1776 HALDEN

Finances

Share Ownership

Return on Equity

552,38 %

Current Ratio

0,95

Debt-to-Equity Ratio

3,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 779 000	6 341 000	3 758 000	3 218 000
Net Income	696 000	619 000	7 000	35 000
Total Assets	2 570 000	2 195 000	712 000	547 000
Total Equity	126 000	249 000	195 000	188 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 779 000	6 341 000	3 758 000	3 218 000
Expenditure	10 959 000	5 573 000	3 730 000	3 171 000
Operating Profit	820 000	768 000	28 000	46 000
Financial Income	64 000	47 000	19 000	29 000
Financial Costs	16 000	43 000	40 000	10 000
Financial Balance	48 000	4 000	−21 000	19 000
Earnings Before Tax	869 000	772 000	7 000	65 000
Tax	173 000	153 000	0	30 000
Net Income	696 000	619 000	7 000	35 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	622 000	550 000	80 000	0
Total Current Assets	1 947 000	1 644 000	632 000	547 000
Total Assets	2 570 000	2 195 000	712 000	547 000
Total Retained Equity	102 000	224 000	171 000	163 000
Total Equity	126 000	249 000	195 000	188 000
Total Long-Term Debt	394 000	446 000	0	−11 000
Total Current Debt	2 050 000	1 500 000	517 000	370 000
Total Equity and Debt	2 570 000	2 195 000	712 000	547 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 779 000	6 341 000	3 758 000	3 218 000
Other Income	0	0	0	0
Revenue	11 779 000	6 341 000	3 758 000	3 218 000
Cost of Goods Sold	1 683 000	386 000	244 000	5 000
Salary Costs	3 356 000	2 230 000	1 406 000	1 547 000
Depreciation	138 000	81 000	9 000	0
Impairment	0	0	0	0
Expenditure	10 959 000	5 573 000	3 730 000	3 171 000
Operating Profit	820 000	768 000	28 000	46 000
Financial Income	64 000	47 000	19 000	29 000
Financial Costs	16 000	43 000	40 000	10 000
Financial Balance	48 000	4 000	−21 000	19 000
Dividends	600 000	400 000	0	0
Net Income	696 000	619 000	7 000	35 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	108 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	514 000	550 000	80 000	0
Total Tangible Assets	514 000	550 000	80 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	622 000	550 000	80 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	849 000	781 000	170 000	260 000
Total Current Assets	1 947 000	1 644 000	632 000	547 000
Total Assets	2 570 000	2 195 000	712 000	547 000
Total Equity	126 000	249 000	195 000	188 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	394 000	446 000	0	−11 000
Creditors	371 000	304 000	193 000	41 000
Unpaid Taxes	430 000	407 000	202 000	164 000
Dividends	600 000	400 000	0	0
Other Current Debt	368 000	219 000	122 000	135 000
Total Current Debt	2 050 000	1 500 000	517 000	370 000
Total Equity and Debt	2 570 000	2 195 000	712 000	547 000

Financial indicators	2022	2021	2020	2019
Return on Equity	552,38 %	248,59 %	3,59 %	18,62 %
Debt-to-Equity Ratio	3,13	1,79	0	−0,06
Operating Profit Margin	6,96 %	12,11 %	0,75 %	1,43 %
Current Ratio	0,95	1,1	1,22	1,48
Quick Ratio	0,95	1,1	1,22	1,48
Equity Ratio	0,05	0,11	0,27	0,34
Gross Profit Margin	85,71 %	93,91 %	93,51 %	99,84 %