PROGRESS SOFTWARE AS

0167 OSLO

Finances

Share Ownership

Return on Equity

4,28 %

Current Ratio

1,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 644 000	8 903 000	7 888 000	9 173 000
Net Income	497 000	447 000	432 000	197 000
Total Assets	16 374 000	14 197 000	15 701 000	16 111 000
Total Equity	11 611 000	11 114 000	10 667 000	10 236 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 644 000	8 903 000	7 888 000	9 173 000
Expenditure	9 326 000	8 642 000	7 667 000	9 221 000
Operating Profit	317 000	262 000	221 000	−47 000
Financial Income	325 000	316 000	339 000	315 000
Financial Costs	5 000	5 000	6 000	15 000
Financial Balance	320 000	311 000	333 000	300 000
Earnings Before Tax	637 000	573 000	553 000	252 000
Tax	140 000	126 000	122 000	55 000
Net Income	497 000	447 000	432 000	197 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 543 000	8 543 000	8 543 000	8 543 000
Total Current Assets	7 831 000	5 655 000	7 158 000	7 569 000
Total Assets	16 374 000	14 197 000	15 701 000	16 111 000
Total Retained Equity	11 511 000	11 014 000	10 567 000	10 136 000
Total Equity	11 611 000	11 114 000	10 667 000	10 236 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 763 000	3 083 000	5 033 000	5 876 000
Total Equity and Debt	16 374 000	14 197 000	15 701 000	16 111 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 644 000	8 903 000	7 888 000	9 173 000
Other Income	0	0	0	0
Revenue	9 644 000	8 903 000	7 888 000	9 173 000
Cost of Goods Sold	7 570 000	7 657 000	6 547 000	8 188 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	9 326 000	8 642 000	7 667 000	9 221 000
Operating Profit	317 000	262 000	221 000	−47 000
Financial Income	325 000	316 000	339 000	315 000
Financial Costs	5 000	5 000	6 000	15 000
Financial Balance	320 000	311 000	333 000	300 000
Dividends	0	0	0	0
Net Income	497 000	447 000	432 000	197 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	8 543 000	8 543 000	8 543 000	8 543 000
Total Fixed Assets	8 543 000	8 543 000	8 543 000	8 543 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 343 000	1 624 000	2 435 000	3 324 000
Total Current Assets	7 831 000	5 655 000	7 158 000	7 569 000
Total Assets	16 374 000	14 197 000	15 701 000	16 111 000
Total Equity	11 611 000	11 114 000	10 667 000	10 236 000
Short-Term Group Debt	1 105 000	500 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	20 000	47 000	78 000	38 000
Unpaid Taxes	991 000	470 000	473 000	485 000
Dividends	0	0	0	0
Other Current Debt	2 507 000	1 940 000	4 360 000	5 300 000
Total Current Debt	4 763 000	3 083 000	5 033 000	5 876 000
Total Equity and Debt	16 374 000	14 197 000	15 701 000	16 111 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,28 %	4,02 %	4,05 %	1,92 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,29 %	2,94 %	2,8 %	−0,51 %
Current Ratio	1,64	1,83	1,42	1,29
Quick Ratio	1,64	1,83	1,42	1,29
Equity Ratio	0,71	0,78	0,68	0,64
Gross Profit Margin	21,51 %	14 %	17 %	10,74 %