Statistics

Income Statement

Amounts in TSEK unless otherwise indicated

	2021	2020
Net Sales	300 233	264 467
Cost of sales	-188 367	-165 815
Gross Margin	111 866	98 652

Selling expenses	-61 510	-55 465
Administrative expenses	-18 961	-17 168
Other operating income	5 461	8 842
Other operating expenses	-6 050	-11 496
Operating profit	30 806	23 365

Profit from shares in group companies	-4 061	-
Financial income	878	5
Financial expense	-5	-1 247
Income after financial items	27 618	22 123

Appropriations	-2 700	-3 678
Taxes	-6 094	-3 870

NET INCOME	18 824	14 575

Result per share, kr	3,49	2,91
Total shares	6 001 400	6 001 400

Amounts in TSEK unless otherwise indicated

Assets	2021-12-31	2020-12-31
Fixed assets
Intangible assets
Licenses	344	465

Tangible assets
Plant and machinery	1 240	820
Other operating expenses	1 500	2 078
Total tangible assets	2 740	2 898

Financial assets
Shares in group companies	3 080	-
Other long-term receivables	3 228	2 928
Deferred tax receivables	900	796
Total financial assets	7 208	3 724

Total fixed assets	10 292	7 087

Current assets
Stock
Finished goods and goods for resale	53 759	51 650

Receivables
Accounts receivables	58 145	44 193
Receivables from group companies	3 620	-
Deferred tax receivables	262	2 512
Other receivables	2 030	2 292
Prepaid expenses and acrued income	12 029	9 827
Total current receivables	76 086	58 824

Cash and bank balances	52 663	40 728

Total current assets	182 508	151 202

TOTAL ASSETS	192 800	158 289

Amounts in TSEK unless otherwise indicated

Equity, Provisions and Liabilities	2021-12-31	2020-12-31
Equity
Restricted equity
Issued capital (6 001 400 shares at 0,50 kr)	3 001	3 001
Total restricted equity	3 001	3 001

Non-restricted equity
Accumulated profit or loss	48 543	46 571
Net profit/loss for the year	18 824	14 575
Total non-restricted equity	67 367	61 146

Total equity	70 368	64 147

Untaxed reserves
Untaxed reserves	36 407	33 707

Provisions
Provisions for pensions	4 369	3 865
Provisions for future warranty costs	5 204	4 032
Total provisions	9 573	7 897

Short-term borrowings
Advance payment from customers	23 293	13 322
Accounts payable	22 604	13 427
Liabilities to Group companies	582	-
Other liabilites	1 784	1 586
Accrued expenses and deferred income	28 189	24 203
Total current liabilites	76 452	52 538

TOTAL LIABILITIES	192 800	158 289

Amounts in TSEK unless otherwise indicated

	2021	2020
The ongoing business
Operating profit	30 806	23 365
Adjustments for items that are not included in the cash flow	3 400	5 703
Interest received	-	5
Interest paid	-5	-41
Income tax paid	-3 948	-4 661
Cash flow from operating activities before working capital changes	30 253	24 371

Cash flow from working capital changes
Changes in inventories	-2 109	-2 582
Changes in receivables	-15 451	-6 222
Changes in accounts payable	19 853	3 478
Cash flow from operating activities	32 546	19 045

Investing activites
Provided capital injections	-7 141	-
Acquisition of intangible assets	-32	-82
Acquisition of tangible assets	-1 499	-1 254
Acquisition of financial assets	-300	-288
Cash flow from investing activities	-8 886	-1 624

Financial activities
Dividend paid	-12 603	-
Cash flow from financial activities	-12 603	0


CASH FLOW OF THE YEAR	11 057	17 421

Cash and cash equivalent at the beginning of the year	40 728	24 513
Exchange rate difference in cash and cash equivalents	878	-1 206
Cash and cash equivalent at the end of the year	52 663	40 728

	2021	2020	2019	2018	2017
Financial ratio, tsek
Order entry	326 534	269 780	256 543	233 245	207 671
Net sales	300 233	264 467	259 903	233 245	207 671
Operation profit/loss	30 806	23 365	21 825	23 671	18 259
Profit/Loss after financial items	27 618	22 123	22 799	23 700	18 074
Total assets	192 800	158 289	132 631	124 349	104 596
Operating margin %	10	9	8	10	9
Profit margin %	9	8	9	10	9
Adjusted equity	98 980	90 513	73 035	66 738	57 071
Return on operational capital employment before tax %	31	27	31	37	33
Return on adjusted equity after tax %	23	21	26	30	26
Share of risk capital %	51	57	55	54	55
Net investments	4 825	1 624	2 076	2 111	2 124
Backlog	76 613	47 287	40 614	43 432	43 455

Other ratios
Average number of yearly employees	93	86	80	73	69

Per share
Equity capital per share, SEK	16,49	15,08	12,17	11,12	9,51
Earnings per share, SEK	3,49	2,91	2,95	3,01	2,34
Dividend per share, SEK	2,50*	2,10	-	1,90	1,40
Cash flow from operating activities per share, SEK	5,42	3,17	2,02	3,21	2,06
Numbers of shares year-end	6 001 400	6 001 400	6 001 400	6 001 400	6 001 400

* Proposed dividend