Income Statement
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 |
Balance sheet
Balance Sheet
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 |
Balance Sheet
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 |
Cash flow statement
Cash Flow Statements
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 |
Business & financial statements
Business & Financial Statements
|
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