Income Statement
Income Statement
Amounts in TSEK unless otherwise indicated
|
2020 |
2019 |
Net Sales |
264 467 |
259 903 |
Cost of sales |
-165 815 |
-167 323 |
Gross Margin |
98 652 |
92 580 |
|
|
|
Selling expenses |
-55 465 |
-56 151 |
Administrative expenses |
-17 168 |
-15 609 |
Other operating income |
8 842 |
6 945 |
Other operating expenses |
-11 496 |
-5 940 |
Operating profit |
23 365 |
21 825 |
|
|
|
Financial income |
5 |
1 097 |
Financial expense |
-1 247 |
-123 |
Income after financial items |
22 123 |
22 799 |
|
|
|
Appropriations |
-3 678 |
-5 669 |
Taxes |
-3 870 |
-3 892 |
|
|
|
NET INCOME |
14 575 |
13 238 |
|
|
|
Result per share, kr |
2,91 |
2,95 |
Total shares |
6 001 400 |
6 001 400 |
Balance sheet
Balance Sheet
Amounts in TSEK unless otherwise indicated
Assets |
2020-12-31 |
2019-12-31 |
Fixed assets |
|
|
Intangible assets |
|
|
Licenses |
465 |
545 |
Total intangible assests |
465 |
545 |
|
|
|
Tangible assets |
|
|
Plant and machinery |
820 |
1 155 |
Other operating expenses |
2 078 |
2 103 |
Total tangible assets |
2 898 |
3 258 |
|
|
|
Financial assets |
|
|
Other long-term receivables |
2 928 |
2 640 |
Deferred tax receivables |
796 |
718 |
Total financial assets |
3 724 |
3 358 |
|
|
|
Total fixed assets |
7 087 |
7 161 |
|
|
|
Current assets |
|
|
Stock |
|
|
Finished goods and goods for resale |
51 650 |
49 068 |
|
|
|
Current receivables |
|
|
Accounts receivables |
44 193 |
41 170 |
Deferred tax receivables |
2 512 |
1 799 |
Other receivables |
2 292 |
1 487 |
Prepaid expenses and acrued income |
9 827 |
7 433 |
Total current receivables |
58 824 |
51 889 |
|
|
|
Cash and bank balances |
40 728 |
24 513 |
|
|
|
Total current assets |
151 202 |
125 470 |
|
|
|
TOTAL ASSETS |
158 289 |
132 631 |
Balance Sheet
Amounts in TSEK unless otherwise indicated
Equity, Provisions and Liabilities |
2020-12-31 |
2019-12-31 |
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 |
46 571 |
33 333 |
Net profit/loss for the year |
14 575 |
13 238 |
Total non-restricted equity |
61 146 |
46 571 |
|
|
|
Total equity |
64 147 |
49 572 |
|
|
|
Untaxed reserves |
|
|
Untaxed reserves |
33 707 |
30 029 |
|
|
|
Provisions |
|
|
Provisions for pensions |
3 865 |
3 488 |
Provisions for future warranty costs |
4 032 |
482 |
Total provisions |
7 897 |
3 970 |
|
|
|
Short-term borrowings |
|
|
Advance payment from customers |
13 322 |
11 297 |
Accounts payable |
13 427 |
11 982 |
Other liabilites |
1 586 |
1 626 |
Accrued expenses and deferred income |
24 203 |
24 155 |
Total current liabilites |
52 538 |
49 060 |
|
|
|
TOTAL LIABILITIES |
158 289 |
132 631 |
Cash flow statement
Cash Flow Statements
Amounts in TSEK unless otherwise indicated
|
2020 |
2019 |
The ongoing business |
|
|
Operating profit |
23 365 |
21 825 |
Adjustments for items that are not included in the cash flow |
5 703 |
2 777 |
Interest received |
5 |
47 |
Interest paid |
-41 |
-123 |
Income tax paid |
-4 661 |
-4 688 |
Cash flow from operating activities before working capital changes |
24 371 |
19 838 |
|
|
|
Cash flow from working capital changes |
|
|
Changes in inventories |
-2 582 |
-11 858 |
Changes in receivables |
-6 222 |
4 179 |
Changes in accounts payable |
3 478 |
-41 |
Cash flow from operating activities |
19 045 |
12 118 |
|
|
|
Investing activites |
|
|
Acquisition of intangible assets |
-82 |
-249 |
Acquisition of tangible assets |
-1 254 |
-1 587 |
Acquisition of financial assets |
-288 |
-240 |
Cash flow from investing activities |
-1 624 |
-2 076 |
|
|
|
Financial activities |
|
|
Dividend paid |
- |
-11 403 |
Cash flow from financial activities |
0 |
-11 403 |
|
|
|
|
|
|
CASH FLOW OF THE YEAR |
17 421 |
-1 361 |
|
|
|
Cash and cash equivalent at the beginning of the year |
24 513 |
25 874 |
Exchange rate difference in cash and cash equivalents |
-1 206 |
1 050 |
Cash and cash equivalent at the end of the year |
40 728 |
24 513 |
Business & financial statements
Business & Financial Statements
|
2020 |
2019 |
2018 |
2017 |
2016 |
Financial ratio, tsek |
|
|
|
|
|
Net sales |
264 467 |
259 903 |
233 245 |
207 671 |
169 938 |
Operation profit/loss |
23 365 |
21 825 |
23 671 |
18 259 |
5 370 |
Profit/Loss after financial items |
22 123 |
22 799 |
23 700 |
18 074 |
6 184 |
Total assets |
158 289 |
132 631 |
124 349 |
104 596 |
95 737 |
Operating margin % |
9 |
8 |
10 |
9 |
3 |
Profit margin % |
8 |
9 |
10 |
9 |
4 |
Adjusted equity |
90 513 |
73 035 |
66 738 |
57 071 |
50 229 |
Return on operational capital employment before tax % |
27 |
31 |
37 |
33 |
12 |
Return on adjusted equity after tax % |
21 |
26 |
30 |
26 |
9 |
Share of risk capital % |
57 |
55 |
54 |
55 |
52 |
Net investments |
1 624 |
2 076 |
2 111 |
2 124 |
1 094 |
|
|
|
|
|
|
Ratios /business area, tsek |
|
|
|
|
|
Bookings Industrial Applications |
268 820 |
250 464 |
227 384 |
206 910 |
164 645 |
Bookings Infrasystems |
960 |
6 079 |
5 494 |
7 528 |
6 274 |
Total bookings |
269 780 |
256 543 |
232 878 |
214 438 |
170 919 |
|
|
|
|
|
|
Backlog of orders Industrial Applications |
47 287 |
38 899 |
41 712 |
41 653 |
33 802 |
Backlog of orders Infrasystem |
- |
1 715 |
1 720 |
1 802 |
2 018 |
Total backlog of orders |
47 287 |
40 614 |
43 432 |
43 455 |
35 820 |
|
|
|
|
|
|
Net sales Industrial Applications |
261 792 |
253 818 |
227 856 |
199 908 |
161 934 |
Net sales Infrasystems |
2 675 |
6 085 |
5 389 |
7 763 |
8 004 |
Total net sales |
264 467 |
259 903 |
233 245 |
207 671 |
169 938 |
|
|
|
|
|
|
Other ratios |
|
|
|
|
|
Average number of yearly employees |
86 |
80 |
73 |
69 |
67 |
|
|
|
|
|
|
Per share |
|
|
|
|
|
Equity capital per share, SEK |
15,08 |
12,17** |
11,12 |
9,51 |
8,37 |
Earnings per share, SEK |
2,91 |
2,95** |
3,01 |
2,34 |
0,77 |
Dividend per share, SEK |
2,10* |
- |
1,90 |
1,40 |
1,20 |
Cash flow from operating activities per share, SEK |
3,17 |
2,02 |
3,21 |
2,06 |
1,22 |
Numbers of shares year-end |
6 001 400 |
6 001 400 |
6 001 400 |
6 001 400 |
6 001 400 |
* Proposed dividend
** Adjusted amount compared with the previous year's annual report due to a change in the tax rate for calculating deferred tax.