DESCARTES SYSTEMS (NORWAY) AS

1661 ROLVSØY

Finances

Share Ownership

Return on Equity

689,79 %

Current Ratio

0,34

Debt-to-Equity Ratio

Key figures (NOK)	2023	2022	2021	2020
Revenue	93 581 000	88 252 000	84 255 000	83 201 000
Net Income	23 984 000	21 599 000	14 629 000	7 921 000
Total Assets	86 333 000	55 788 000	53 254 000	54 528 000
Total Equity	3 477 000	2 493 000	7 894 000	18 265 000

Income (NOK)	2023	2022	2021	2020
Revenue	93 581 000	88 252 000	84 255 000	83 201 000
Expenditure	65 598 000	60 535 000	64 884 000	73 521 000
Operating Profit	27 984 000	27 718 000	19 371 000	9 681 000
Financial Income	2 769 000	315 000	326 000	495 000
Financial Costs	0	490 000	931 000	43 000
Financial Balance	2 769 000	−175 000	−605 000	452 000
Earnings Before Tax	30 753 000	27 543 000	18 765 000	10 133 000
Tax	6 769 000	5 944 000	4 136 000	2 212 000
Net Income	23 984 000	21 599 000	14 629 000	7 921 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	57 869 000	30 235 000	31 622 000	31 099 000
Total Current Assets	28 464 000	25 553 000	21 631 000	23 429 000
Total Assets	86 333 000	55 788 000	53 254 000	54 528 000
Total Retained Equity	2 588 000	1 604 000	7 004 000	8 375 000
Total Equity	3 477 000	2 493 000	7 894 000	18 265 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	82 857 000	53 295 000	45 360 000	36 264 000
Total Equity and Debt	86 333 000	55 788 000	53 254 000	54 528 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	66 478 000	68 102 000	67 741 000	63 799 000
Other Income	27 103 000	20 150 000	16 514 000	19 402 000
Revenue	93 581 000	88 252 000	84 255 000	83 201 000
Cost of Goods Sold	4 521 000	3 996 000	4 386 000	5 413 000
Salary Costs	19 529 000	19 395 000	21 491 000	22 323 000
Depreciation	82 000	120 000	363 000	260 000
Impairment	0	0	0	0
Expenditure	65 598 000	60 535 000	64 884 000	73 521 000
Operating Profit	27 984 000	27 718 000	19 371 000	9 681 000
Financial Income	2 769 000	315 000	326 000	495 000
Financial Costs	0	490 000	931 000	43 000
Financial Balance	2 769 000	−175 000	−605 000	452 000
Dividends	0	0	0	0
Net Income	23 984 000	21 599 000	14 629 000	7 921 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	0	0	0	0
Total Intangible Assets	56 000	67 000	89 000	15 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	83 000	113 000	215 000	478 000
Fixtures	0	8 000	20 000	59 000
Total Tangible Assets	83 000	122 000	234 000	538 000
Total Fiancial Fixed Assets	57 730 000	30 046 000	31 299 000	30 546 000
Total Fixed Assets	57 869 000	30 235 000	31 622 000	31 099 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	15 417 000	14 315 000	9 643 000	11 999 000
Total Current Assets	28 464 000	25 553 000	21 631 000	23 429 000
Total Assets	86 333 000	55 788 000	53 254 000	54 528 000
Total Equity	3 477 000	2 493 000	7 894 000	18 265 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	65 000	153 000	262 000	1 865 000
Unpaid Taxes	1 828 000	812 000	2 462 000	287 000
Dividends	0	0	0	0
Other Current Debt	70 268 000	42 110 000	37 829 000	29 264 000
Total Current Debt	82 857 000	53 295 000	45 360 000	36 264 000
Total Equity and Debt	86 333 000	55 788 000	53 254 000	54 528 000

Financial indicators	2023	2022	2021	2020
Return on Equity	689,79 %	866,39 %	185,32 %	43,37 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	29,9 %	31,41 %	22,99 %	11,64 %
Current Ratio	0,34	0,48	0,48	0,65
Quick Ratio	0,34	0,48	0,48	0,65
Equity Ratio	0,04	0,04	0,15	0,33
Gross Profit Margin	95,17 %	95,47 %	94,79 %	93,49 %