AB SYSTEMER AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

79,44 %

Current Ratio

1,48

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	30 538 000	26 970 000	17 215 000	21 608 000
Net Income	2 886 000	2 119 000	891 000	1 605 000
Total Assets	10 429 000	7 755 000	7 389 000	7 756 000
Total Equity	3 633 000	2 747 000	2 628 000	2 537 000

Income (NOK)	2022	2021	2020	2019
Revenue	30 538 000	26 970 000	17 215 000	21 608 000
Expenditure	26 842 000	24 249 000	16 077 000	19 549 000
Operating Profit	3 697 000	2 721 000	1 138 000	2 058 000
Financial Income	8 000	1 000	4 000	4 000
Financial Costs	4 000	3 000	0	4 000
Financial Balance	4 000	−2 000	4 000	0
Earnings Before Tax	3 700 000	2 718 000	1 142 000	2 058 000
Tax	814 000	599 000	251 000	453 000
Net Income	2 886 000	2 119 000	891 000	1 605 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	372 000	455 000	113 000	60 000
Total Current Assets	10 057 000	7 299 000	7 276 000	7 696 000
Total Assets	10 429 000	7 755 000	7 389 000	7 756 000
Total Retained Equity	3 483 000	2 597 000	2 478 000	2 387 000
Total Equity	3 633 000	2 747 000	2 628 000	2 537 000
Total Long-Term Debt	0	8 000	0	0
Total Current Debt	6 796 000	5 000 000	4 761 000	5 219 000
Total Equity and Debt	10 429 000	7 755 000	7 389 000	7 756 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	30 538 000	26 970 000	17 215 000	21 608 000
Other Income	0	0	0	0
Revenue	30 538 000	26 970 000	17 215 000	21 608 000
Cost of Goods Sold	22 325 000	21 218 000	13 025 000	16 104 000
Salary Costs	2 340 000	1 957 000	1 862 000	2 029 000
Depreciation	108 000	46 000	19 000	6 000
Impairment	0	0	0	0
Expenditure	26 842 000	24 249 000	16 077 000	19 549 000
Operating Profit	3 697 000	2 721 000	1 138 000	2 058 000
Financial Income	8 000	1 000	4 000	4 000
Financial Costs	4 000	3 000	0	4 000
Financial Balance	4 000	−2 000	4 000	0
Dividends	2 000 000	2 000 000	800 000	800 000
Net Income	2 886 000	2 119 000	891 000	1 605 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	20 000	33 000	44 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	40 000	55 000	70 000	0
Fixtures	313 000	380 000	10 000	16 000
Total Tangible Assets	353 000	435 000	80 000	16 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	372 000	455 000	113 000	60 000
Stock	1 244 000	766 000	752 000	811 000
Total Investments	0	0	0	0
Cash, Bank	3 778 000	4 713 000	3 318 000	4 696 000
Total Current Assets	10 057 000	7 299 000	7 276 000	7 696 000
Total Assets	10 429 000	7 755 000	7 389 000	7 756 000
Total Equity	3 633 000	2 747 000	2 628 000	2 537 000
Short-Term Group Debt	240 000	0	0	22 000
Total Long-Term Debt	0	8 000	0	0
Creditors	2 616 000	1 735 000	3 041 000	3 217 000
Unpaid Taxes	630 000	350 000	387 000	362 000
Dividends	2 000 000	2 000 000	800 000	800 000
Other Current Debt	483 000	330 000	288 000	366 000
Total Current Debt	6 796 000	5 000 000	4 761 000	5 219 000
Total Equity and Debt	10 429 000	7 755 000	7 389 000	7 756 000

Financial indicators	2022	2021	2020	2019
Return on Equity	79,44 %	77,14 %	33,9 %	63,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	12,11 %	10,09 %	6,61 %	9,52 %
Current Ratio	1,48	1,46	1,53	1,47
Quick Ratio	1,81	1,72	1,81	1,75
Equity Ratio	0,35	0,35	0,36	0,33
Gross Profit Margin	26,89 %	21,33 %	24,34 %	25,47 %