BORDERLESS SOFTWARE GROUP AS

1177 OSLO

Finances

Share Ownership

Return on Equity

48,52 %

Current Ratio

1,63

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019
Revenue	11 454 000	9 602 000	0
Net Income	2 959 000	3 127 000	−17 000
Total Assets	8 597 000	5 557 000	30 000
Total Equity	6 099 000	3 140 000	13 000

Income (NOK)	2021	2020	2019
Revenue	11 454 000	9 602 000	0
Expenditure	7 607 000	5 596 000	17 000
Operating Profit	3 846 000	4 005 000	−17 000
Financial Income	23 000	33 000	0
Financial Costs	86 000	25 000	0
Financial Balance	−63 000	8 000	0
Earnings Before Tax	3 782 000	4 013 000	−17 000
Tax	823 000	886 000	0
Net Income	2 959 000	3 127 000	−17 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	4 530 000	48 000	0
Total Current Assets	4 067 000	5 509 000	30 000
Total Assets	8 597 000	5 557 000	30 000
Total Retained Equity	6 069 000	3 110 000	−17 000
Total Equity	6 099 000	3 140 000	13 000
Total Long-Term Debt	10 000	18 000	0
Total Current Debt	2 488 000	2 399 000	17 000
Total Equity and Debt	8 597 000	5 557 000	30 000

Cash flow (NOK)	2021	2020	2019
Sales Income	11 454 000	9 602 000	0
Other Income	0	0	0
Revenue	11 454 000	9 602 000	0
Cost of Goods Sold	4 988 000	3 912 000	0
Salary Costs	2 185 000	1 378 000	0
Depreciation	18 000	4 000	0
Impairment	0	0	0
Expenditure	7 607 000	5 596 000	17 000
Operating Profit	3 846 000	4 005 000	−17 000
Financial Income	23 000	33 000	0
Financial Costs	86 000	25 000	0
Financial Balance	−63 000	8 000	0
Dividends	0	0	0
Net Income	2 959 000	3 127 000	−17 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	30 000	48 000	0
Total Tangible Assets	30 000	48 000	0
Total Fiancial Fixed Assets	4 500 000	0	0
Total Fixed Assets	4 530 000	48 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 431 000	1 897 000	30 000
Total Current Assets	4 067 000	5 509 000	30 000
Total Assets	8 597 000	5 557 000	30 000
Total Equity	6 099 000	3 140 000	13 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	10 000	18 000	0
Creditors	1 018 000	1 085 000	6 000
Unpaid Taxes	301 000	321 000	0
Dividends	0	0	0
Other Current Debt	337 000	125 000	11 000
Total Current Debt	2 488 000	2 399 000	17 000
Total Equity and Debt	8 597 000	5 557 000	30 000

Financial indicators	2021	2020	2019
Return on Equity	48,52 %	99,59 %	−130,77 %
Debt-to-Equity Ratio	0	0,01	0
Operating Profit Margin	33,58 %	41,71 %	-
Current Ratio	1,63	2,3	1,76
Quick Ratio	1,63	2,3	1,76
Equity Ratio	0,71	0,57	0,43
Gross Profit Margin	56,45 %	59,26 %	-