SIFFER SYSTEMER AS

0161 OSLO

Finances

Share Ownership

Return on Equity

−39,8 %

Current Ratio

4,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	285 000	64 000	92 000	0
Net Income	−2 337 000	−904 000	−48 000	−4 000
Total Assets	6 463 000	2 178 000	1 154 000	1 149 000
Total Equity	5 872 000	1 039 000	1 043 000	1 091 000

Income (NOK)	2022	2021	2020	2019
Revenue	285 000	64 000	92 000	0
Expenditure	3 272 000	1 225 000	141 000	4 000
Operating Profit	−2 988 000	−1 161 000	−48 000	−4 000
Financial Income	0	0	0	0
Financial Costs	6 000	14 000	0	0
Financial Balance	−6 000	−14 000	0	0
Earnings Before Tax	−2 994 000	−1 175 000	−48 000	−4 000
Tax	−657 000	−271 000	0	0
Net Income	−2 337 000	−904 000	−48 000	−4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 850 000	1 818 000	1 007 000	155 000
Total Current Assets	2 613 000	360 000	147 000	995 000
Total Assets	6 463 000	2 178 000	1 154 000	1 149 000
Total Retained Equity	−3 298 000	−955 000	−52 000	−4 000
Total Equity	5 872 000	1 039 000	1 043 000	1 091 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	591 000	1 139 000	111 000	58 000
Total Equity and Debt	6 463 000	2 178 000	1 154 000	1 149 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	285 000	64 000	92 000	0
Other Income	0	0	0	0
Revenue	285 000	64 000	92 000	0
Cost of Goods Sold	96 000	24 000	0	0
Salary Costs	1 707 000	721 000	9 000	0
Depreciation	798 000	286 000	0	0
Impairment	0	0	0	0
Expenditure	3 272 000	1 225 000	141 000	4 000
Operating Profit	−2 988 000	−1 161 000	−48 000	−4 000
Financial Income	0	0	0	0
Financial Costs	6 000	14 000	0	0
Financial Balance	−6 000	−14 000	0	0
Dividends	0	0	0	0
Net Income	−2 337 000	−904 000	−48 000	−4 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 850 000	1 818 000	1 007 000	155 000
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	3 850 000	1 818 000	1 007 000	155 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 588 000	345 000	98 000	995 000
Total Current Assets	2 613 000	360 000	147 000	995 000
Total Assets	6 463 000	2 178 000	1 154 000	1 149 000
Total Equity	5 872 000	1 039 000	1 043 000	1 091 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	152 000	79 000	63 000	0
Unpaid Taxes	100 000	71 000	5 000	0
Dividends	0	0	0	0
Other Current Debt	339 000	989 000	43 000	58 000
Total Current Debt	591 000	1 139 000	111 000	58 000
Total Equity and Debt	6 463 000	2 178 000	1 154 000	1 149 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−39,8 %	−87,01 %	−4,6 %	−0,37 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1 048,42 %	−1 814,06 %	−52,17 %	-
Current Ratio	4,42	0,32	1,32	17,16
Quick Ratio	4,42	0,32	1,32	17,16
Equity Ratio	0,91	0,48	0,9	0,95
Gross Profit Margin	66,32 %	62,5 %	100 %	-