SYSTEMSOFT AS

1388 BORGEN

Finances

Share Ownership

Return on Equity

482,39 %

Current Ratio

1,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 236 000	15 934 000	14 951 000	15 024 000
Net Income	4 438 000	4 008 000	3 329 000	4 193 000
Total Assets	11 346 000	10 814 000	10 368 000	9 986 000
Total Equity	920 000	907 000	900 000	894 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 236 000	15 934 000	14 951 000	15 024 000
Expenditure	10 551 000	10 801 000	10 693 000	9 660 000
Operating Profit	5 684 000	5 133 000	4 258 000	5 363 000
Financial Income	9 000	7 000	11 000	16 000
Financial Costs	0	0	1 000	0
Financial Balance	9 000	7 000	10 000	16 000
Earnings Before Tax	5 693 000	5 139 000	4 269 000	5 379 000
Tax	1 254 000	1 132 000	940 000	1 186 000
Net Income	4 438 000	4 008 000	3 329 000	4 193 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 000	31 000	50 000	23 000
Total Current Assets	11 329 000	10 784 000	10 318 000	9 962 000
Total Assets	11 346 000	10 814 000	10 368 000	9 986 000
Total Retained Equity	814 000	800 000	793 000	788 000
Total Equity	920 000	907 000	900 000	894 000
Total Long-Term Debt	0	0	1 000	0
Total Current Debt	10 426 000	9 908 000	9 468 000	9 091 000
Total Equity and Debt	11 346 000	10 814 000	10 368 000	9 986 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 236 000	15 934 000	14 951 000	14 935 000
Other Income	0	0	0	89 000
Revenue	16 236 000	15 934 000	14 951 000	15 024 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 757 000	9 998 000	10 053 000	8 904 000
Depreciation	15 000	20 000	15 000	9 000
Impairment	0	0	0	0
Expenditure	10 551 000	10 801 000	10 693 000	9 660 000
Operating Profit	5 684 000	5 133 000	4 258 000	5 363 000
Financial Income	9 000	7 000	11 000	16 000
Financial Costs	0	0	1 000	0
Financial Balance	9 000	7 000	10 000	16 000
Dividends	4 425 000	4 001 000	3 323 000	4 190 000
Net Income	4 438 000	4 008 000	3 329 000	4 193 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 000	1 000	0	1 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	15 000	30 000	50 000	23 000
Total Tangible Assets	15 000	30 000	50 000	23 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	17 000	31 000	50 000	23 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 270 000	8 704 000	8 054 000	7 602 000
Total Current Assets	11 329 000	10 784 000	10 318 000	9 962 000
Total Assets	11 346 000	10 814 000	10 368 000	9 986 000
Total Equity	920 000	907 000	900 000	894 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	0
Creditors	119 000	171 000	81 000	273 000
Unpaid Taxes	1 412 000	1 393 000	1 514 000	1 341 000
Dividends	4 425 000	4 001 000	3 323 000	4 190 000
Other Current Debt	3 214 000	3 210 000	3 610 000	2 103 000
Total Current Debt	10 426 000	9 908 000	9 468 000	9 091 000
Total Equity and Debt	11 346 000	10 814 000	10 368 000	9 986 000

Financial indicators	2022	2021	2020	2019
Return on Equity	482,39 %	441,9 %	369,89 %	469,02 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	35,01 %	32,21 %	28,48 %	35,7 %
Current Ratio	1,09	1,09	1,09	1,1
Quick Ratio	1,09	1,09	1,09	1,1
Equity Ratio	0,08	0,08	0,09	0,09
Gross Profit Margin	100 %	100 %	100 %	100 %