SYSTEM1 AS

1712 GRÅLUM

Finances

Share Ownership

Return on Equity

84,47 %

Current Ratio

1,25

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	100 132 000	75 597 000	60 708 000	45 008 000
Net Income	5 796 000	4 427 000	5 569 000	2 534 000
Total Assets	30 482 000	24 165 000	20 900 000	12 915 000
Total Equity	6 862 000	6 669 000	4 942 000	2 374 000

Income (NOK)	2022	2021	2020	2019
Revenue	100 132 000	75 597 000	60 708 000	45 008 000
Expenditure	92 653 000	69 909 000	53 527 000	41 687 000
Operating Profit	7 480 000	5 688 000	7 181 000	3 322 000
Financial Income	139 000	80 000	69 000	59 000
Financial Costs	183 000	89 000	107 000	127 000
Financial Balance	−44 000	−9 000	−38 000	−68 000
Earnings Before Tax	7 436 000	5 678 000	7 143 000	3 253 000
Tax	1 640 000	1 252 000	1 575 000	719 000
Net Income	5 796 000	4 427 000	5 569 000	2 534 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 041 000	1 000 000	1 270 000	830 000
Total Current Assets	29 440 000	23 165 000	19 630 000	12 086 000
Total Assets	30 482 000	24 165 000	20 900 000	12 915 000
Total Retained Equity	6 762 000	6 569 000	4 842 000	2 274 000
Total Equity	6 862 000	6 669 000	4 942 000	2 374 000
Total Long-Term Debt	74 000	14 000	37 000	32 000
Total Current Debt	23 546 000	17 481 000	15 921 000	10 510 000
Total Equity and Debt	30 482 000	24 165 000	20 900 000	12 915 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	99 997 000	75 590 000	60 708 000	45 008 000
Other Income	135 000	7 000	0	0
Revenue	100 132 000	75 597 000	60 708 000	45 008 000
Cost of Goods Sold	65 590 000	48 841 000	37 473 000	30 156 000
Salary Costs	20 750 000	17 142 000	12 450 000	8 525 000
Depreciation	266 000	272 000	189 000	89 000
Impairment	0	0	0	0
Expenditure	92 653 000	69 909 000	53 527 000	41 687 000
Operating Profit	7 480 000	5 688 000	7 181 000	3 322 000
Financial Income	139 000	80 000	69 000	59 000
Financial Costs	183 000	89 000	107 000	127 000
Financial Balance	−44 000	−9 000	−38 000	−68 000
Dividends	0	2 700 000	3 000 000	0
Net Income	5 796 000	4 427 000	5 569 000	2 534 000

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	984 000	1 000 000	1 205 000	737 000
Total Tangible Assets	984 000	1 000 000	1 205 000	737 000
Total Fiancial Fixed Assets	57 000	0	66 000	93 000
Total Fixed Assets	1 041 000	1 000 000	1 270 000	830 000
Stock	104 000	116 000	32 000	60 000
Total Investments	0	0	0	0
Cash, Bank	930 000	2 645 000	2 247 000	2 583 000
Total Current Assets	29 440 000	23 165 000	19 630 000	12 086 000
Total Assets	30 482 000	24 165 000	20 900 000	12 915 000
Total Equity	6 862 000	6 669 000	4 942 000	2 374 000
Short-Term Group Debt	7 184 000	0	0	0
Total Long-Term Debt	74 000	14 000	37 000	32 000
Creditors	7 959 000	7 784 000	6 510 000	5 318 000
Unpaid Taxes	3 828 000	3 133 000	2 313 000	2 203 000
Dividends	0	2 700 000	3 000 000	0
Other Current Debt	4 576 000	2 590 000	2 529 000	676 000
Total Current Debt	23 546 000	17 481 000	15 921 000	10 510 000
Total Equity and Debt	30 482 000	24 165 000	20 900 000	12 915 000

Financial indicators	2022	2021	2020	2019
Return on Equity	84,47 %	66,38 %	112,69 %	106,74 %
Debt-to-Equity Ratio	0,01	0	0,01	0,01
Operating Profit Margin	7,47 %	7,52 %	11,83 %	7,38 %
Current Ratio	1,25	1,33	1,23	1,15
Quick Ratio	1,26	1,33	1,24	1,16
Equity Ratio	0,23	0,28	0,24	0,18
Gross Profit Margin	34,5 %	35,39 %	38,27 %	33 %