{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "ifrs-full": "http://xbrl.ifrs.org/taxonomy/2021-03-24/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "strongpoint": "http://strongpoint.com/xbrl/2022", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://strongpoint.com/xbrl/2022/strongpoint-2022-12-31.xsd" ] }, "facts": { "fact-5": { "value": "1372392000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-6": { "value": "981339000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-7": { "value": "850956000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-8": { "value": "560104000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-9": { "value": "305842000", "decimals": -3, "dimensions": { "concept": "strongpoint:Payroll", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-10": { "value": "255147000", "decimals": -3, "dimensions": { "concept": "strongpoint:Payroll", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-11": { "value": "5079000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-12": { "value": "6178000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-13": { "value": "134976000", "decimals": -3, "dimensions": { "concept": "ifrs-full:MiscellaneousOtherOperatingExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-14": { "value": "106285000", "decimals": -3, "dimensions": { "concept": "ifrs-full:MiscellaneousOtherOperatingExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-15": { "value": "1296853000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-16": { "value": "927714000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-17": { "value": "75540000", "decimals": -3, "dimensions": { "concept": "strongpoint:EarningsBeforeInterestTaxesDepreciationAmortization", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-18": { "value": "53625000", "decimals": -3, "dimensions": { "concept": "strongpoint:EarningsBeforeInterestTaxesDepreciationAmortization", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-19": { "value": "25353000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DepreciationExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-20": { "value": "18718000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DepreciationExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-21": { "value": "12840000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AmortisationExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-22": { "value": "7403000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AmortisationExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-23": { "value": "38193000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DepreciationAndAmortisationExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-24": { "value": "26120000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DepreciationAndAmortisationExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-25": { "value": "37347000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-26": { "value": "27504000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-27": { "value": "6073000", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-28": { "value": "9176000", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-29": { "value": "6891000", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-30": { "value": "7571000", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-31": { "value": "818000", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-32": { "value": "-1605000", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-33": { "value": "38165000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-34": { "value": "25899000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-35": { "value": "9060000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-36": { "value": "3542000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-37": { "value": "29105000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromContinuingOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-38": { "value": "22357000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromContinuingOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-39": { "value": "0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromDiscontinuedOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-40": { "value": "168418000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromDiscontinuedOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-41": { "value": "29105000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-42": { "value": "190775000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-43": { "value": "-3069000", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-44": { "value": "-19400000", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-45": { "value": "26036000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-46": { "value": "171375000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-47": { "value": "0.66", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "fact-48": { "value": "4.32", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "fact-49": { "value": "0.62", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "fact-50": { "value": "4.12", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "fact-51": { "value": "0.66", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShareFromContinuingOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "fact-52": { "value": "0.51", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShareFromContinuingOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "fact-53": { "value": "0.62", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "fact-54": { "value": "0.48", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "fact-55": { "value": "82503000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-56": { "value": "30371000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-57": { "value": "159918000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-58": { "value": "124641000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-59": { "value": "23755000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-60": { "value": "19031000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-61": { "value": "82698000", "decimals": -3, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-62": { "value": "43241000", "decimals": -3, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-63": { "value": "977000", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentsInAssociates", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-64": { "value": "774000", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentsInAssociates", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-65": { "value": "4001000", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-66": { "value": "4001000", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-67": { "value": "15147000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherNoncurrentReceivables", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-68": { "value": "15622000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherNoncurrentReceivables", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-69": { "value": "20925000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-70": { "value": "17240000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-71": { "value": "389924000", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-72": { "value": "254921000", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-73": { "value": "232124000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-74": { "value": "211256000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-75": { "value": "274348000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTradeReceivables", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-76": { "value": "175627000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTradeReceivables", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-77": { "value": "25731000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentPrepayments", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-78": { "value": "16646000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentPrepayments", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-79": { "value": "16265000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherCurrentReceivables", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-80": { "value": "13885000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherCurrentReceivables", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-81": { "value": "47248000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ShorttermDepositsClassifiedAsCashEquivalents", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-82": { "value": "174198000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ShorttermDepositsClassifiedAsCashEquivalents", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-83": { "value": "595716000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-84": { "value": "591612000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-85": { "value": "985640000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-86": { "value": "846533000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-87": { "value": "27831000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-88": { "value": "27513000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-89": { "value": "362000", "decimals": -3, "dimensions": { "concept": "ifrs-full:TreasuryShares", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-90": { "value": "364000", "decimals": -3, "dimensions": { "concept": "ifrs-full:TreasuryShares", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-91": { "value": "479738000", "decimals": -3, "dimensions": { "concept": "strongpoint:OtherEquity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-92": { "value": "471041000", "decimals": -3, "dimensions": { "concept": "strongpoint:OtherEquity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-93": { "value": "507207000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-94": { "value": "498190000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-95": { "value": "8087000", "decimals": -3, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-96": { "value": "11236000", "decimals": -3, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-97": { "value": "59426000", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-98": { "value": "25972000", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-99": { "value": "20997000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-100": { "value": "8720000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-101": { "value": "88511000", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-102": { "value": "45928000", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-103": { "value": "29670000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-104": { "value": "4768000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-105": { "value": "21777000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-106": { "value": "16086000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-107": { "value": "147839000", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-108": { "value": "101969000", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-109": { "value": "11126000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-110": { "value": "11717000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-111": { "value": "46072000", "decimals": -3, "dimensions": { "concept": "strongpoint:PublicDutiesPayable", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-112": { "value": "40954000", "decimals": -3, "dimensions": { "concept": "strongpoint:PublicDutiesPayable", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-113": { "value": "133439000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherCurrentLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-114": { "value": "126920000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherCurrentLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-115": { "value": "389923000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-116": { "value": "302415000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-117": { "value": "478433000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-118": { "value": "348343000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-119": { "value": "985640000", "decimals": -3, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-120": { "value": "846533000", "decimals": -3, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-121": { "value": "38165000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-122": { "value": "25899000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-123": { "value": "0", "decimals": -3, "dimensions": { "concept": "strongpoint:OrdinaryProfitBeforeTaxDiscontinuedOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-124": { "value": "169755000", "decimals": -3, "dimensions": { "concept": "strongpoint:OrdinaryProfitBeforeTaxDiscontinuedOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-125": { "value": "-3427000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForInterestIncome", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-126": { "value": "-1935000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForInterestIncome", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-127": { "value": "-17989000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-128": { "value": "-17856000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-129": { "value": "388000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfAssociates", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-130": { "value": "175000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfAssociates", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-131": { "value": "38193000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-132": { "value": "33431000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-133": { "value": "84000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-134": { "value": "793000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-135": { "value": "-1146000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-136": { "value": "-74046000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-137": { "value": "-48506000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-138": { "value": "34601000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-139": { "value": "10351000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-140": { "value": "22673000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-141": { "value": "-5390000", "decimals": -3, "dimensions": { "concept": "strongpoint:AdjustmentsForChangeInOtherAccruedItems", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-142": { "value": "30057000", "decimals": -3, "dimensions": { "concept": "strongpoint:AdjustmentsForChangeInOtherAccruedItems", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-143": { "value": "16633000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-144": { "value": "225482000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-145": { "value": "11144000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-146": { "value": "8794000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-147": { "value": "15000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-148": { "value": "3001000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-149": { "value": "60000", "decimals": -3, "dimensions": { "concept": "strongpoint:SaleOfTangibleAssetsSalesProceedsClassifiedAsInvestingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-150": { "value": "738000", "decimals": -3, "dimensions": { "concept": "strongpoint:SaleOfTangibleAssetsSalesProceedsClassifiedAsInvestingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-151": { "value": "88695000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-152": { "value": "4200000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-153": { "value": "19641000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-154": { "value": "199888000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-155": { "value": "772000", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-156": { "value": "300000", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-157": { "value": "200000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsReceivedFromAssociatesClassifiedAsInvestingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-158": { "value": "100000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsReceivedFromAssociatesClassifiedAsInvestingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-159": { "value": "-79181000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-160": { "value": "185033000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-161": { "value": "12290000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-162": { "value": "16431000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-163": { "value": "2011000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProceedsFromSaleOrIssueOfTreasuryShares", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-164": { "value": "2796000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProceedsFromSaleOrIssueOfTreasuryShares", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-165": { "value": "4037000", "decimals": -3, "dimensions": { "concept": "strongpoint:PaymentLongAndShortTermDebtClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-166": { "value": "38331000", "decimals": -3, "dimensions": { "concept": "strongpoint:PaymentLongAndShortTermDebtClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-167": { "value": "19503000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-168": { "value": "17267000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-169": { "value": "-13668000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAdvancesAndLoansFromRelatedParties", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-170": { "value": "0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAdvancesAndLoansFromRelatedParties", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-171": { "value": "-20934000", "decimals": -3, "dimensions": { "concept": "strongpoint:ChangeInOverdraftClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-172": { "value": "208080000", "decimals": -3, "dimensions": { "concept": "strongpoint:ChangeInOverdraftClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-173": { "value": "4199000", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-174": { "value": "2235000", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-175": { "value": "34991000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-176": { "value": "31050000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-177": { "value": "-65741000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-178": { "value": "-310598000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-179": { "value": "-128290000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-180": { "value": "99917000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-181": { "value": "174198000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-182": { "value": "75007000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-183": { "value": "1339000", "decimals": -3, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-184": { "value": "-727000", "decimals": -3, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-185": { "value": "47248000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-186": { "value": "174198000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-187": { "value": "27513000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "fact-188": { "value": "-52000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:NOK" } }, "fact-189": { "value": "351262000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember", "unit": "iso4217:NOK" } }, "fact-190": { "value": "66252000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:NOK" } }, "fact-191": { "value": "440000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:NOK" } }, "fact-192": { "value": "-79356000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-193": { "value": "366059000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-194": { "value": "190775000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-195": { "value": "190775000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-196": { "value": "-19400000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:NOK" } }, "fact-197": { "value": "-19400000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-198": { "value": "-313000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:NOK" } }, "fact-199": { "value": "-13322000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-200": { "value": "-13635000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-201": { "value": "31050000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-202": { "value": "31050000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-203": { "value": "5441000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:NOK" } }, "fact-204": { "value": "5441000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-205": { "value": "-11028000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:NOK" } }, "fact-206": { "value": "11028000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-207": { "value": "0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-208": { "value": "27513000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "fact-209": { "value": "-364000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:NOK" } }, "fact-210": { "value": "351262000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember", "unit": "iso4217:NOK" } }, "fact-211": { "value": "35824000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:NOK" } }, "fact-212": { "value": "5881000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:NOK" } }, "fact-213": { "value": "78076000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-214": { "value": "498190000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-215": { "value": "29105000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-216": { "value": "29105000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-217": { "value": "-3069000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:NOK" } }, "fact-218": { "value": "-3069000", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-219": { "value": "-308000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:NOK" } }, "fact-220": { "value": "-9970000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-221": { "value": "-10278000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-222": { "value": "34991000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-223": { "value": "34991000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-224": { "value": "318000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "fact-225": { "value": "310000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:NOK" } }, "fact-226": { "value": "22202000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-227": { "value": "22830000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-228": { "value": "5420000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:NOK" } }, "fact-229": { "value": "5420000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-230": { "value": "27831000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "fact-231": { "value": "-362000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:NOK" } }, "fact-232": { "value": "351262000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember", "unit": "iso4217:NOK" } }, "fact-233": { "value": "32755000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:NOK" } }, "fact-234": { "value": "11301000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:NOK" } }, "fact-235": { "value": "84422000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember", "unit": "iso4217:NOK" } }, "fact-236": { "value": "507207000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-244": { "value": "Note 1: General information StrongPoint ASA is based in Norway with registered office at Slynga 10 in the municipality of R\u00e6lingen. The company is listed at the Oslo Stock Exchange with the ticker STRO. The group\u2019s main business is development, sale and implementation of innovative, integrated technology solutions to retailers especially within the grocery segment but also other segments like Do-It-Yourself or pharmacies. During 2022, two new reporting segments was implemented. The \u201dNordics\u201d consists of sale to Norway and Sweden, while all other geographies including partners were included as \u201dRest of Europe\u201d. The R&D activities are costed as part of the \u201dRest of Europe\u201d-segment. StrongPoint ASA acquired the company Air Link Group Ltd in 2022, and the figures for the company with subsidiaries was consolidated from June 1, 2022. Air Link Group Ltd operates in UK and Ireland, and has a subsidiary for internal purposes in Bulgaria. See more information in note 4. The proposed annual financial statements are prepared with the assumption of a going concern and were adopted by the board and CEO on the date shown on the signed balance sheet. The annual financial statements will be approved by the ordinary general meeting 27 April 2023. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-242": { "value": "Note 1: General information StrongPoint ASA is based in Norway with registered office at Slynga 10 in the municipality of R\u00e6lingen. The company is listed at the Oslo Stock Exchange with the ticker STRO. The group\u2019s main business is development, sale and implementation of innovative, integrated technology solutions to retailers especially within the grocery segment but also other segments like Do-It-Yourself or pharmacies. During 2022, two new reporting segments was implemented. The \u201dNordics\u201d consists of sale to Norway and Sweden, while all other geographies including partners were included as \u201dRest of Europe\u201d. The R&D activities are costed as part of the \u201dRest of Europe\u201d-segment. StrongPoint ASA acquired the company Air Link Group Ltd in 2022, and the figures for the company with subsidiaries was consolidated from June 1, 2022. Air Link Group Ltd operates in UK and Ireland, and has a subsidiary for internal purposes in Bulgaria. See more information in note 4. The proposed annual financial statements are prepared with the assumption of a going concern and were adopted by the board and CEO on the date shown on the signed balance sheet. The annual financial statements will be approved by the ordinary general meeting 27 April 2023. Note 2: Accounting principles Basic principles The consolidated financial statements have been prepared in accordance with the EU approved International Financial Reporting Standards (IFRS) and associated interpretations and with additional Norwegian disclosure requirements pursuant to the Accounting Act, Stock Exchange Regulations and stock exchange rules applicable to financial statements completed by 31.12.2022. The consolidated financial statements have been produced based on historical costs with the exception of certain financial instruments, which have been disclosed at fair value. The group has incorporated all standards and interpretation applying to the financial statements prepared at 31.12.2022. The consolidated financial statements are presented in thousand Norwegian kroner unless otherwise stated. Estimates and judgements In preparing the consolidated financial statements, management makes various accounting estimates and assumptions that form the basis of the presentation, recognition and measurement of StrongPoint\u2019s assets and liabilities. Determining the carrying amounts of some assets and liabilities requires estimates and assumptions concerning future events. Estimates and assumptions are based on historical experience and other factors, which management assesses to be reasonable, but which by their nature involve uncertainty and unpredictability. These assumptions may have to be revised as unexpected events or circumstances may occur. The areas that involve a high degree of estimation uncertainty and usage of management\u2019s judgement are described in more detail in note 25. Consolidation principles The consolidated financial statements have been prepared to show StrongPoint Group as a unit. This involves consolidating all companies where StrongPoint has direct or indirect control and elimination of internal transactions and balances. An entity is consolidated from the date when the Group achieve control. Associated companies are accounted for using the equity method in the consolidated financial statements. Associated companies are entities where the group has significant influence but no control (normally in the case of stakes between 20% and 50%) over financial and operational management. Shares held for sale in associated companies, are valued at fair value, and unrealised increase or decrease in value which earlier have been recognized directly as income and costs in the statement of other comprehensive income, will be reversed. Share of profit after tax in associated companies are recognized included in financial items in the P&L. Investments in associated companies are tested for impairment indicators based on the principles in IFRS 9. If there are objective indications of impairment, impairment tests are conducted in accordance with IAS 28.40. Any other investments are considered to be investments held for sale and are recognized at their fair value and with any change in value through other comprehensive income. Translation of foreign currency The accounts of individual entities within the group are measured in the local currency in each country (functional currencies). The functional currencies mainly consist of NOK, SEK, EUR and GBP. The consolidated financial statements have been prepared in NOK, which is both the functional currency and the reporting currency of the parent company and the Norwegian subsidiary. The balance sheet is converted with the closing rate at the balance sheet date, while the income statement is converted with the average monthly exchange rate. The net effect of the translation is recognized as translation differences in other comprehensive income. Loans from an entity within the group to subsidiaries where repayment has not been planned or is not likely in the foreseeable future, are considered as part of the net investment in subsidiaries, while foreign exchange gains or losses linked to such loans are recognized as translation differences in the statement of other comprehensive income. Tangible assets Tangible assets are recognized at acquisition cost less any accumulated impairments and depreciation. Upgrades on fixed assets is capitalised. Maintenance is expensed. The acquisition cost of fixed assets are depreciated linearly according to the expected useful life of the assets, which is: \u2022 Fixtures and equipment 3\u20135 years \u2022 Machinery 3-10 years \u2022 Plant and property (production and warehouse facilities) 20 years \u2022 Land values are not depreciated The useful life of the assets, depreciation method and their residual value are revalued on each balance sheet date and adjusted if necessary. When the balance sheet value of a fixed asset is higher than the estimated recoverable amount, the value is reduced to the recoverable amount. Any profit and loss on disposal of the asset is recorded as the difference between sale price and balance sheet value. Leasing Contracts with a lifetime of more than one year and a value of KNOK 100 are booked as IFRS 16 Leases as both right-of-use assets and liabilities. Operational leases with lower value or shorter lifetime are not booked as leases. Any fixed assets hired on terms that predominantly sees the transfer risk and rewards to StrongPoint (operational leasing agreements with a lifetime of more than one year and a value of more than KNOK 100 and financial leasing) are activated as fixed assets at the current value of the minimum leasing amount, alternatively at their fair value if this is lower. The commitment is recognized as a short-term and long-term liability. In the case of any other leasing agreements the hire amount is carried as an operating cost and distributed systematically throughout the leasing period (operational leasing) Intangible assets Intangible assets are recognized at their cost price, less any accumulated write-downs and amortisation, and are considered periodically for impairment in the case of a fall in value. Any losses in relation to fall in value are recognized as operating costs. Economic life is either specific or indefinite. Intangible assets with specific lives are amortized over economic life and tested for impairment when there are indications on this. The depreciation method and -period are considered at least yearly. Changes in depreciation method and -period are treated as changes in estimates. Intangible assets with indefinite lives are impairment tested at least yearly, either individually or as part of a cash-generating unit. Intangible assets with indefinite lives are not amortized. The lifetime is considered yearly with regard to whether the assumption of an indefinite useful life can be defended. Goodwill and other intangible assets from acquisitions Any differences between the acquisition compensation and the fair value of net identifiable acquired assets are classified as goodwill. In the case of gradual acquisitions made in stages, former assets are valued at fair value at the time of acquisition. Any alterations related to booked value on former assets are recognized in the statement of other comprehensive income. On the balance sheet date, or when there are indications of impairment, the group evaluates the book value of the goodwill. Expensing of loss due to fall in value is recognized if the recoverable amount related to the entity in question falls below book value of the entity included goodwill. Negative goodwill related to acquisitions is realized immediately as income on the date of acquisition Goodwill is not depreciated but evaluated through impairment tests. Identifiable intangible assets from acquisitions are booked at fair value at the time of acquisition. This includes items such as technology, brand and customer relationships. Brand value/trademarks are not depreciated, but they are tested annually for impairment along with goodwill. The other items are depreciated throughout their estimated life cycle. Development costs Product development costs and research into new products and maintenance of existing products are expensed as costs. The expenses include in-house payroll costs and outsourced services. The expenses are reduced with any government grants received related to this development. Government grants (Skattefunn) are recognised where there is reasonable assurance that the grant will be received. Inventories Inventories are measured at its acquisition cost or net realizable value, whichever is lower. The acquisition cost of inventories is based on the \u201cfirst in, first out method\u201d (FIFO) and includes costs in relation to the acquisition, the cost of production or reworking, as well as any other cost of bringing the inventories to its present location and condition. The net realizable value is the estimated sale price under ordinary condition less the estimated cost of preparation and completion at the transfer date. Provisions for obsolescence are, where possible, made on an individual basis. If it is not possible to carry out an individual assessment, provisions for obsolescence are made based on the current inventory turnover rate. Accounts receivables For account receivables, the Group applies a simplified approach in calculating Expected credit losses (ECL). Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The carrying amount of the asset is reduced using an allowance account and the amount of the loss is recognized in the income statement. Provisions are made when there is objective evidence that the Group will not be able to collect the debts. Bad debts are written off when identified. It should, in minimum, be made provisions for: 50% of the amounts ex VAT that has been due for 3 months or more, 80% of the amounts ex VAT that has been due for 6 months or more, 100% of the amounts ex VAT that has been due for 12 months or more. Changes in provision are booked as other operating expenses. Cash and cash equivalents Cash includes cash in hand and cash deposits in banks. Cash equivalents are held for the purpose of meeting short-term commitments rather than for investment or other purposes. For an investment to qualify as a cash equivalent it must be readily convertible to a known amount of cash and be subject to an insignificant risk of change in value. Therefore, an investment normally qualifies as a cash equivalent only when it has a short maturity of three months or less from the date of acquistion. Pension commitments, bonus schemes and other staff compensation schemes (a) Pension commitments The employees in StrongPoint have pension schemes in line with local statutory and obligatory company pension schemes, and are in general recognized as a defined contribution plan. (b) Bonus schemes The group recognizes a provision and a cost for bonus schemes. The group recognizes a provision where there are contractual obligations or a precedent that generates a self-imposed obligation. (c) Share program The Group has a share program for the executive management where the CEO has the opportunity to buy shares for up to NOK 1,000,000 per year with 20% discount with a 3 years lock-in period and the other members have the opportunity to buy shares for up to NOK 500,000 per year with 20% discount with a 3 years lock-in period. In addition, all permanent employees in a StrongPoint legal entity, are offered to buy shares for up to NOK 35,000 per year with a 20% discount. The eployees can chose to participate in the share program where shares will be allocated 4 times per year and the discount is deducted in the monthly salary deduction, or the employee can buy the shares themselves and get 20% of the amount refunded on their next salary. The discount is recognized as a personnel cost. Revenue recognition Income from the sale of products and services is stated at its fair value, net after deductions for value added tax, returns, reductions and discounts. Intercompany sales are eliminated. Revenue from the sale of products is recorded when an entity within the group has delivered the products to the customer, the customer has accepted the product and the customer\u2019s ability to settle the account has been satisfactory confirmed. Services are recorded as income based on the number of hours supplied. Long-term service and license agreements are recognized linearly over the contracted period. The Group\u2019s sales of products and services are considered to be separate performance obligations according to IFRS 15. The assessment is supported by independence between product sales and sales of services and that both types of sales are based on market prices without cross-subsidisation. The performance obligation related to the sale of products is fulfilled upon installation by the customer (at a point in time) and the performance obligation related to service agreements is fulfilled on a linear basis over the contract period (over time). Tax Tax expenses are linked to the recorded profit and comprise of tax payable and changes in deferred tax. Deferred tax is calculated on temporary differences between the taxable value and consolidated accounting value of assets and debts, with the exception of goodwill, which is not tax deductible. Deferred tax is calculated by applying tax according to local tax legislation, on the balance sheet date and that are expected to be applied when the deferred tax asset is realized or when the deferred tax is settled. Positive and negative differences are offset against each other. Deferred tax assets are recognized on the balance sheet to the extent that it is likely that future taxable earnings will be present and the temporary differences can be deducted from these earnings. Equity and cost of equity Debts and equity Financial instruments are classified as debt or equity in accordance with the signed agreement. Interest, dividends, profits and losses related to a financial instrument classified as debts are reported as costs or income. Dividend to StrongPoint shareholders classified as equity will be recognized directly against the equity. Cost of equity transactions Transaction costs directly linked to an equity transaction are recognized directly through equity after the deduction of tax. Share option program IFRS cost related to share options is booked against equity and social security expenses related to the options are booked as provisions. The equity-settled share-based option program is as part of the total remuneration plan for the Group management team. The option program is designed to align and incentivize management performance with shareholder value creation and to attract and retain high calibre executive management and key personnel. The share options will be allocated to the Participants based on company- and individual goal achievement, and at the Board\u2019s discretion. The Board will take into consideration the company\u2019s goals and strategies as well as targeted performance for executive management, when granting options. The option plan is a performance-based remuneration scheme reflecting the underlying long-term value creation of the company. The limits for the allocation of share options to the Participants is determined by the board, within the board mandates approved by the general meeting. The option scheme will be granted with a strike price equal to the market price at grant. The options will vest over three years, with \u00bc vesting after one year, \u00bc after two years, and the remaining 2/4 after three years. Any non-exercised options expire five years after grant. If an employee leave the company before the end of the vesting period, the employee will not vest more options. Provisions A provision is recognized when the group has an obligation (legal or constructive) resulting from a previous event if it is likely that there will be a financial settlement as a result of this obligation, and if the size of the amount can be reliably measured. If the effect is significant the provision is calculated by expected future cash flow and, if relevant, any risks specifically linked to the obligation. Provisions for warranties are recognized when the underlying products and services are sold. The provisions are based on historic warranty cost weighted with probability. Financial instruments Financial assets Initial recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortised cost and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Subsequent measurement For purposes of subsequent measurement, financial assets are classified in two categories: \u2022 Financial assets at amortised cost (debt instruments) \u2022 Financial assets at fair value through profit or loss Financial assets at amortised cost (debt instruments) Financial assets at amortised cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. Financial assets at fair value through profit or loss Financial assets at fair value are carried in the balance sheet at fair value with net changes in fair value recognised in the statement of profit or loss . Financial liabilities Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings and payables. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Group\u2019s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, and derivative financial instruments. Subsequent measurement For purposes of subsequent measurement, financial liabilities are classified in two categories: \u2022 Financial liabilities at fair value through profit or loss \u2022 Financial liabilities at amortised cost (loans and borrowings) Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities at amortised cost (loans and borrowings) This is the category most relevant to the Group. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective interest rate method. Gains and losses are recognised in profit or loss when the liabilities are derecognised as well as through the effective interest rate amortisation process . Borrowing costs Borrowing costs are recorded when the borrowing costs occurs. Borrowing costs are capitalized when directly related to the purchase or manufacture of a qualifying asset. Government grants Government grants are recognized if there are resonable assurance that the company will meet the criteria of the grant and the grant will be awarded. The recognition of operating grants shall be recognized systematically during the grant period. Fixed assets held for sale and discontinued operations Fixed assets and groups of fixed assets and debts are classified as held for sale if the carrying amount primarily can be recovered through a sales transaction rather than continued use. Fixed assets classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell. Costs to sell are the incremental costs directly attributable to the disposal of an asset (disposal group), excluding finance costs and income tax expense. Cash flow statement The cash flow statement is presented using the indirect method. The Group\u2019s activities are divided into operational, financing and investment activities. New standards and interpretations The company has not implemented new principles for 2022 that have had a significant effect on the accounts.There are no new standards not yet taken into use that is expected to materially impact the financial statements for StrongPoint.
Note 3: Segment information
The segment information is based on reported revenues, EBITDA, EBT and assets for the legal
entities included in the segment, with eliminations of internal items within the segment. Intra-group
items are included in the column Eliminations. Eliminations consists of internal sales with associated
costs, intercompany balances, goodwill, intangible assets and other group postings. Internal sales are
based on market prices.
Management fee invoiced from StrongPoint ASA to subsidiaries are not included in the segment
statements.
Segments
Due to sale of the Cash Security business area in December 2020 and the Label business area in
2021, the Group has identified new segments effective from the 1st quarter 2022: Nordics and Rest of
Europe incl. R&D. The financial statement also include revenue information for core markets and
product information in the current reporting. Following the acquisition of Air Link Group Ltd, the
geographic segment Rest of Europe incl. R&D increased with \u201dUK&Ireland\u201d, and the product
information segments added the sub-segment \u201dShop Fitting\u201d reflecting the majority of the operations
for Air Link Group.
The Group delivers proprietary solutions within In-store Productivity, E-commerce, Payment
Solutions and Checkout Efficiency, as well as tailor-made retail solutions from leading third-party
suppliers, including Pricer Electronic Shelf Labels (ESL), POS, ERP and Digi scales and wrapping
systems. The group management has in the fiscal year 2022 governed the business based on
reported sales revenues, EBITDA and EBIT for the two business areas Nordics and Rest of Europe
incl. R&D.
KNOK 2022 2021
- Product sale 338 955 283 930
- Service 87 218 81 963
In-store Productivity 426 173 365 893
- Product sale 164 642 102 317
- Service 119 953 122 172
Payment Solutions 284 595 224 489
- Product sale 115 900 116 109
- Service 39 405 34 190
Check Out Efficiency 155 306 150 298
- Product sale 53 417 64 867
- Service 41 045 43 204
E-commerce logistics 94 461 108 070
- Product sale - -
- Service 241 311 -
Shop Fitting 241 311 -
- Product sale 85 902 63 600
- Service 84 644 68 988
Other retail technology 170 545 132 632
- Product sale 758 815 630 822
- Service 613 577 350 516
Total sales revenue 1 372 392 981 339
Revenue per product segment
Segment and geographical information
Nordics Rest of Europe incl. R&D ASA/Elim Consolidated
KNOK 2022 2021 2022 2021 2022 2021 2022 2021
- Product sale 269 709 248 283 269 709 248 283
- Service 116 385 113 138 116 385 113 138
Norway 386 093 361 420 386 093 361 420
- Product sale 225 058 191 709 - 7 170 225 058 184 539
- Service 132 916 142 238 132 916 142 238
Sweden 357 974 333 947 -7 170 357 974 326 777
- Product sale 100 241 94 109 100 241 94 109
- Service 100 368 79 423 100 368 79 423
Baltic 204 610 173 532 204 610 173 532
- Product sale 60 196 53 728 60 196 53 728
- Service 16 556 13 796 16 556 13 796
Spain 76 752 67 524 76 752 67 524
- Product sale - -
- Service 241 311 241 311 -
UK & Ireland 241 311 241 311 -
- Product sale 103 611 50 163 103 611 50 163
- Service 2 040 1 923 2 040 1 923
Rest of Europe 105 652 52 085 105 652 52 085
- Product sale 494 767 439 992 264 048 198 000 - 7 170 758 815 630 872
- Service 249 301 255 376 364 276 95 141 613 577 350 516
Total sales revenue 744 068 695 368 628 325 293 141 -7 170 1 372 392 981 339
EBITDA 67 224 77 030 53 868 14 596 -45 553 -38 001 75 540 53 625
EBT 59 524 66 021 21 141 -1 942 -42 499 -38 180 38 165 25 899
Assets 387 016 384 416 398 513 293 928 200 111 168 189 985 640 846 533
Liabilities 178 741 198 442 315 804 181 813 -16 111 -31 913 478 433 348 343
Working capital 231 260 215 582 154 117 85 934 -26 744 -16 603 358 632 284 913
Investment fixed assets 840 169 10 278 2 458 27 6 167 11 144 8 794
EBITDA is operating profit before depreciation, amortization interest and tax.
EBT is profit before tax.
Working capital is inventory plus accounts receivables minus accounts payables.
There are no customers that represent 10% or more of revenues in the individual business areas in 2022 and 2021.
Revenue per customer is based on sales per legal entities.
The comparison figures are restated, but does not include UK/Ireland which was acquired in June 2022.
Note 4: Changes in the group structure Acquisition of Air Link Group Ltd with subsidiaries June 1, 2022, StrongPoint ASA acquired 100% of the shares in Air Link Group Ltd with subsidiaries. UK has been identified as a very interesting market for StrongPoint solutions. The online grocery penetration is higher than in the rest of Europe, putting constantly pressure on the profit margins in the brick-and-mortar stores. ALS has 25 years of experience handling installation, service, construction and refurbishment for large grocery retailers in UK and Ireland. In the 2025 strategy, sale of StrongPoint solutions to this region was included, but it was estimated that the installation and service were to be handled by a sub-supplier. The ALS acquisition enables StrongPoint to include this revenue as part of the 2025 ordinary business. It also enables StrongPoint to have access to the largest grocery retail customers, making it easier to access and sell StrongPoints own solutions with comfort that the business critical systems will be supported by on-the-ground resources. The purchase price allocation was based on balance sheet per December 31, 2021. Final purchase price was calculated based on balance sheet per May 31, 2022. The purchase price was paid by 80% cash and 20% shares in StrongPoint ASA. 50% of the shares was issued as new shares, and 50% was allocated from treasury. There are identified additional value related to customers of KNOK 56,000 and branding of KNOK 10,000. The additional value for customers will be written off over 7 years and the additional value for branding will be written off over 5 years. Included in the value of goodwill is employees with special skills and expected synergies with StrongPoint\u2019s existing business. These intangible assets do not meet the recognition criteria in IAS 38 and are therefore not recorded separately. Recorded goodwill is allocated to the cash-generating unit ALS. Goodwill is not amortized. However, it is subject to impairment tests annually. The table to the right shows the statement of financial position for the business combination in line with IFRS 3. KNOK Assets Deferred tax assets 27 Fixed assets 2 018 Leased assets 38 854 Other investments 389 Cash and cash equivalents 4 973 Receivables 54 644 Inventories 18 649 119 554 Liabilities Leasing liabilities -38 854 Accounts payable -35 330 Other short term debt -16 068 -90 252 Net identifiable assets at fair value 29 302 Branding 10 000 Customers relations 56 000 Goodwill 37 673 Deferred tax assets -16 500 Purchase amount 116 475 Cash 93 646 Shares in StrongPoint 22 830 Purchase amount 116 476 Paid in cash 93 646 Cash received -4 951 Net cash out 88 695 Allocation of excess values related to acquisition in 2022 distributed as follows: The acquired companies contributed with the following revenue and profit before tax for the period between the acquisition and 31.12.2022: KNOK Revenue 241 268 Profit before tax 25 371 If the acquisitions had been completed as at 01.01.2022, the Group\u2019s total revenue and ordinary profit before tax had been: KNOK Revenue 1 490 690 Profit before tax 41 659 The acquisition costs regarding ALS amounted to KNOK 6,696 and are booked as Opex. Discontinued operations StrongPoint Labels business area was divested in June 2021 through an acquisition done by the Swedish company Volati Tryck Holding AB. The business area constituted of StrongPoint Labels AB in Malm\u00f6, Sweden, and parts of the Norwegian legal entity StrongPoint AS which was demerged into StrongPoint Labels AS in Q3 2021.The Swedish part of the transaction was closed July 1 and the Norwegian part was closed September 1. The transaction led to a net gain of 163.4 MNOK included in the line Profit after tax from discontinued operations in the P&L. Following IFRS, the financial figures for the business areas are reported as \u201cProfit from discontinued operations below tax in the financial statement and removed from the comparison figures in other P&L tables. Calculation of profit Labels Business area 2021 Payment 226 576 Sales costs / advisors -4 485 Book value equity -58 703 Profit 163 389 KNOK 2021 Operating revenue 110 144 Cost of goods sold 53 177 Payroll 31 766 Other operating expenses 9 690 Total operating expenses 94 633 EBITDA 15 512 Depreciation tangible assets 7 090 Depreciation intangible assets 221 EBIT 8 201 Interest expenses 339 Other financial expenses/currency differences 1 495 Profit on sale of discontinued operations 163 389 EBT 169 755 Taxes 1 337 Profit from discontinued operations 168 418 Profit from discontinued operations Cash Flow from discontinued operations KNOK 2021 Cash flow from operational activities 5 487 Cash flow from investment activities -1 895 Cash flow from financing activities -6 156 Net Change in liquid assets -2 563 Cash and cash equivalents at the start of the peri 29 251 Cash and cash equivalents at the end of the period 26 687 Note 5: Other operating expenses KNOK 2022 2021 Short term rent, electricity, cleaning 13 242 7 251 Vehicles 11 473 8 677 Other consultancy fees 51 414 35 131 IT 21 018 22 311 Travel 8 632 4 138 Marketing 10 044 8 763 Other costs 19 152 20 014 Total 1) 134 976 106 285 Specification of recognized auditors fee: 2022 2021 Fee for auditing services 2 365 2 211 Fee for tax advise 14 12 Fee for other services 292 40 Total 2) 2 671 2 263 1) 60% of the increased operating costs are from Air Link Group Ltd. The other 40% is to a large extent caused by inflation. 2) Of which TNOK 302 applies to auditors other than EY. Auditors fee are exclusive of VAT, with the exception of transaction expenses . Note 6: Investment in associated companies StrongPoint ASA owns 49,9997% of the shares in Spok AS. The company performs services on behalf of StrongPoint AS. StrongPoint owns 49% of the shares in StrongPoint Cash Tech S.L. The Joint Venture has been established regulating the partnership with a technology company in Spain. StrongPoint ASA had the following investments in associated companies as at 31 December 2022: Dividend paid in 2022 Share of net profit 2022 Book value 31.12.2022 KNOK Stake 31.12.2022 Cost price 31.12.2022 Book value 31.12.2021Entity Country Industry StrongPoint Cash Tech S.L. (under establishment) Spain R&D company 49,0% 15 - - - 15 Spok AS Norway Service company 50,0% 1 700 774 -200 388 962 Total 1 715 774 -200 388 977 An overview of financial information about the associated company, based on 100%: KNOK Entity 2022 Current assets Fixed assets Debt Equity Turnover Profit for year Spok AS 3 990 683 2 755 1 918 15 098 775 Total 3 990 683 2 755 1 918 15 098 775 Note 7: Shares in other companies KNOK Company 2022 2021 Cost price Market value Cost price Market value Other long-term investments: Settle Group AS 476 - 476 - 1X Technologies AS 4 001 4 001 4 001 4 001 Total 4 477 4 001 4 477 4 001 The shares are booked at fair value with level 3 in the fair value hierarchy. Any changes in the value will be booked through the profit and loss. The shares in 1X Technologies AS (Halodi Robotics AS) is of strategic importance for the Group. In March 2021, StrongPoint announced a partnership with humanoid robotics company 1X Technologies to develop an in-store grocery retail robotics solution, which in a few years\u2019 time will be seen in grocery stores conducting repetitive, labour-intensive tasks which will drive in-store efficiencies. The shares in Settle Group AS were written down to 0 in 2018 and the fair value is evaluated to be unchanged. Note 8: Financial items KNOK 2022 2021 Interest income 772 300 Currency adjustment bank and unpaid receivables and liabilities 5 448 4 765 Profit from associated companies 388 175 Other financial income 284 2 331 Total financial income 6 891 7 571 Interest expense 2 031 1 112 Interest expenses leasing IFRS 16 2 168 784 Currency adjustment bank and unpaid receivables and liabilities 984 6 897 Other financial expenses 1) 890 382 Total financial expenses 6 073 9 176 Net financial items 818 1 605 Currency differences relating to the payment of purchases are recorded as cost of goods and constitutes a cost of KNOK 6,096 in 2022 (cost of KNOK 3,336 in 2021). Currency differences relating to the payment of sales revenues are recorded as sales revenues and constitutes a revenue of KNOK 2,085 in 2022 (revenue of KNOK 707 in 2021). 1) Other financial expenses are primarily related to financial liabilities. Note 9: Payroll costs and number of employees KNOK 2022 2021 Salaries 224 046 187 08 9 Severance packages 537 1 401 Director\u2019s fee and Nomination Committee 1 958 1 825 Social fee 39 092 37 357 Pension costs 13 429 12 917 Other payroll costs 26 781 14 558 Total payroll costs 305 842 255 147 Number of full-time employees employed during the year: 472 39 5 Number of full-time employees at the end of the year: 511 400 The employees in StrongPoint have pension schemes in line with local statutory and obligatory company pension schemes, and are recognized as a defined contribution plan. Salaries and remuneration for Executive Management Team and Directors KNOK 2022 2021 Board of Directors Directors fee 1 834 1 777 Executive Management Team Salaries 17 424 13 241 Bonus 4 902 2 249 Company car 919 709 Other remuneration 1 102 56 Pension 1 298 1 044 Total salaries and remuneration 27 479 19 075 The following members of the Executive Management Team and Board of Directors own shares or share options in the company per 31.12: Name, position Shares per 31.12.22 Shares per 31.12.21 Options per 31.12.22 Options per 31.12.21 Board of Directors Morthen Johannessen, Chairman 1) 105 662 100 047 Klaus de Vibe, Director 2) 92 491 89 683 Camilla Tepfers, former Director 11 023 Peter Wir\u00e9n, Director 33 345 26 666 Ingeborg Molden Hegstad, Director 3) 22 365 19 557 Cathrine Laksfoss, Director 1 974 - Total 255 837 246 976 - - 1) Morthen Johannessen ownes the shares privatly and through the company Motri AS. 2) Klaus de Vibe ownes the shares privatly and through the company De Vibe AS. 3) Ingeborg Molden Hegstad ownes the shares privatly and through the company Imsight AS. 4) Jacob Tveraabak ownes the shares privately and through the company Celo Industries AS. Name, position Shares per 31.12.22 Shares per 31.12.21 Options per 31.12.22 Options per 31.12.21 Executive Management Team Jacob Tveraabak, CEO 4) 212 246 206 000 600 000 450 000 Hilde Gilen, CFO 53 827 49 573 93 750 225 000 Knut Olav Nyhus Olsen, SVP People & Organisation, and head of Marketing and Internal Communication 13 814 10 839 225 000 150 000 Gisle Elvebakken, SVP Norway 39 329 26 032 250 000 150 000 Julius Stulpinas, SVP Technology & supply chain 31 094 25 296 225 000 150 000 Rimantas Ma\u017eulis, SVP Baltics 22 806 19 034 225 000 150 000 Lorena G\u00f3mez, SVP Spain 5 350 2 139 125 000 50 000 Chris Mackie, SVP E-commerce 15 936 75 000 Magnus Ros\u00e9n, SVP Sweden 9 000 75 000 Steve Smith, SVP UK & Ireland - 75 000 Total 403 402 338 913 1 968 750 1 325 000 Members of the Extended Group Management Team and key employees have stock options: Total costs and Social Security Provisions (KNOK) 2022 2021 Total IFRS cost 5 420 5 441 Total Social security provisions - 341 737 5 079 6 178 Granted instruments 2022 2021 Instrument Option Option Quantity 31.12.2022 (instruments) 1 100 000 1 075 000 Quantity 31.12.2022 (shares) 1 100 000 1 075 000 Contractual life* 5,00 5,00 Strike price* 22,55 31,13 Share price* 22,25 31,40 Expected lifetime* 3,25 3,25 Volatility* 43,26% 40,55% Interest rate* 2,599% 0,713% Dividend* 0,00 0,00 FV per instrument* 7,21 9,21 *Weighted average parameters at grant of instrument. Outstanding instruments Year End - Option Quantity and weighted average prices Activity Number of instruments 01.01.2022 - 31.12.2022 Weighted Average Strike Price Outstanding OB (01.01.2022) 2 075 000 24,14 Granted 1 100 000 22,55 Exercised 1 - 50 000 17,31 Released 0 0,00 Adjusted 0 0,00 Performance Adjusted 0 0,00 Cancelled 0 0,00 Terminated - 456 250 24,53 Expired 0 0,00 Outstanding CB (31.12.2022) 2 668 750 23,54 Vested CB 681 250 22,00 1) Exercised share price NOK 23.53 Outstanding Instruments Overview Strike price Number of instruments Weighted Average remaining contractual life Weighted Average Strike Price Vested instruments 31.12.2022 Weighted Average Strike Price Outstanding Instruments Vested Instruments 17,31 850 000 2,84 17,31 450 000 17,31 20,53 125 000 4,44 20,53 0 0,00 22,81 862 500 4,36 22,81 0 0,00 31,13 831 250 3,35 31,13 231 250 31,13 2 668 750 681 250 Method of valuation: The fair value of share options granted is estimated at the date of grant using the Black-Scholes- Merton Option Pricing Model. The model uses the following parameters; the exercise price, the life of the option, the current price of the underlying shares, the expected volatility of the share price, the dividends expected on the shares, and the risk-free interest rate for the life of the option. The measure of volatility used in the option pricing models is the annulised standard deviation of the continuously compounded rates of return on the share over a period of time. Vesting requirements: The vesting of the options is dependent on the participant still being employed at Strongpoint at the time of the vesting. Method of settlement: All StrongPoint ASA options are intended to be settled in equity, but in the event that the Company is not capable of delivering Shares following an exercise of Options, the Company shall fulfil its obligations under this agreement through a cash-out. Vesting period The options will vest over three years, with 1/4 vesting after one year, 1/4 after two years, and the remaining 1/2 after three years. The split in vesting underpins the retention ambition of the program. Any non-exercised options expire five years after grant. Note 10: Tangible assets KNOK Land Buildings Equipment owned 2022 Total Land Buildings Equipment owned 2021 Total Acquisition costs 01.01 825 8 731 56 931 66 487 825 8 731 82 503 92 059 Discontinued operations - - -26 711 -26 711 Acquisition 20 346 20 346 Addition 11 041 11 041 7 202 7 202 Divestment -9 664 -9 664 -3 798 -3 798 Currency exchange differences 1 225 1 225 -2 264 -2 264 Acquisition costs 31.12 825 8 731 79 880 89 436 825 8 731 56 931 66 487 Accumulated depreciations 01.01 -825 -8 731 -37 901 -47 457 -825 -8 731 -58 473 -68 029 Discontinued operations - - 23 691 23 691 Acquisition -18 294 -18 294 - - Depreciations -5 035 -5 035 -2 517 -2 517 Depreciations of the year regarding rental machines is booked as cost of gods sold -3 812 -3 812 -4 246 -4 246 Divestment 9 650 9 650 4 232 4 232 Currency exchange differences -733 -733 -588 -588 Accumulated depreciations 31.12 -825 -8 731 -56 125 -65 681 -825 -8 731 -37 901 -47 457 Book value 31.12 - - 23 755 23 755 - - 19 031 19 031 Depreciation ratio 10-33% 10-33% Depreciation method Linear Linear Tangible assets, company owned Some equipment has been fully depreciated per 31 December 2022 but is still in use. StrongPoint has no contractual purchasing obligations. Tangible assets, right of use KNOK Right of use rent Right of use equipment 2022 Total Right of use rent Right of use equipment 2021 Total Acquisition costs 01.01 61 694 27 496 89 190 90 874 64 251 155 125 Discontinued operations - - - -41 994 -41 965 -83 959 Acquisition 38 437 - 38 437 Addition 13 346 6 911 20 257 15 220 6 226 21 446 Divestment - 16 16 - -1 502 -1 502 Currency exchange differences 363 717 1 080 -2 407 486 -1 921 Acquisition costs 31.12 113 840 35 140 148 980 61 694 27 496 89 190 Accumulated depreciations 01.01 -30 266 -15 682 -45 948 -48 760 -38 623 -87 383 Discontinued operations - - - 27 717 29 232 56 950 Depreciations -14 189 -6 128 -20 317 -9 968 -6 233 -16 201 Currency exchange differences -340 324 -16 744 -58 686 Accumulated depreciations 31.12 -44 795 -21 486 -66 281 -30 266 -15 682 -45 948 Book value 31.12 69 044 13 654 82 698 31 428 11 814 43 241 Depreciation ratio 10-33% 10-33% 10-33% 10-33% See note 16 for information about the comittments related to the leasing. Note 11: Intangible assets Other intangible assets (KNOK) 2022 2021 Technology Brand Customer Software Other Total Technology Brand Customer Software Other Total Acquisition costs 01.01 107 510 21 502 36 425 9 272 - 174 709 107 510 21 502 57 643 14 387 764 201 807 Acquired by aquisition - 10 000 56 000 - - 66 000 - - - - - - Investment - - - 104 - 104 - - - - - - Divestment - - - - - - - - - - -764 -764 Discontinued operations - - - - - - - - -21 218 -5 115 - -26 333 Acquisition costs 31.12 107 510 31 502 92 425 9 376 - 240 813 107 510 21 502 36 425 9 272 - 174 709 Accumulated impairments and depreciations 01.01 -101 268 - -35 344 -8 382 - -144 994 -96 644 - -54 539 -10 893 -115 -162 191 Access depreciation acquisitions - - - - - - - - - - 115 115 Discontinued operations - - - - - - - - 21 970 2 512 - 24 482 Accumulated impairments and depreciations 31.12 -105 655 -1 164 -42 632 -8 383 - -157 834 -101 268 - -35 344 -8 382 - -144 994 Translation differences -1 855 937 1 332 -890 - -476 -1 744 1 672 1 617 -890 - 654 Book value 31.12 - 31 275 51 125 103 - 82 503 4 498 23 174 2 699 - - 30 371 Depreciations of the year -4 387 -1 164 -7 288 -1 - -12 840 -4 624 - -2 774 -2 -2 -7 403 This year change in translation differences -110 -735 -285 - - -1 130 -510 -1 641 -1 058 1 503 -34 -1 740 Depreciation schedule 10 og 15 \u00e5r Impairment test 1-7 \u00e5r 4-7 \u00e5r - - 10 og 15 \u00e5r Impairment test 1-7 \u00e5r 4-7 \u00e5r 3 \u00e5r - Depreciation ratio 7-10% 14-100% 14-25% - - 7-10% 14-100% 14-25% 33% - In 2022 there have been expensed KNOK 42,993 (KNOK 32,763 in 2021) in research and development costs. Intangible assets regarding brand are related to CashGuard and ALS.
Goodwill (KNOK) StrongPoint AS StrongPoint AB
StrongPoint
Technology AB
StrongPoint
Baltic
StrongPoint
S.L.U
StrongPoint
E-com AB ALS
2022
Total
2021
Total
Acquisition costs 01.01 15 976 2 612 81 127 23 318 4 431 25 889 - 153 352 169 643
Acquisition 38 268 38 268 -
Discontinued operations - - -16 290
Acquisition costs 31.12 15 976 2 612 81 127 23 318 4 431 25 889 38 268 191 620 153 352
Accumulated impairment and depreciations 01.01 -14 689 -229 - -23 345 - - - -38 263 -38 263
Accumulated impairment and depreciations 31.12 -14 689 -229 - -23 345 - - - -38 263 -38 263
Translation differences - - 3 921 2 903 774 -1 037 - 6 561 9 552
Book value 31.12 1 286 2 383 85 048 2 877 5 205 24 852 38 268 159 918 124 641
-
Impairment of the year - -
This year change in translation differences - - -2 627 144 260 -768 - -2 991 -10 635
Depreciation schedule Impairment test Impairment test Impairment test Impairment test Impairment test Impairment test Impairment test
Goodwill is not depreciated. Impairment tests are carried out every year.The impairment test per 31 December 2022 has been carried out with the segments Nordics and Rest of Europe incl. R&D as
the cash generating units.
Goodwill (KNOK)
Acquired company Cash generating unit 31.12.2022 31.12.2021
StrongPoint AS Nordics 1 286 1 286
StrongPoint AB Nordics 2 383 2 383
StrongPoint Technology AB Nordics / Rest of Europe incl. R&D 85 048 87 675
StrongPoint UAB Rest of Europe incl. R&D 2 877 2 733
StrongPoint S.L.U Rest of Europe incl. R&D 5 205 4 945
StrongPoint E-com AB Nordics / Rest of Europe incl. R&D 24 852 25 620
StrongPoint ALS Rest of Europe incl. R&D 38 268 -
Total goodwill 159 918 124 641
Impairment test of goodwill and intangible assets with indefinite useful life Impairment tests are carried out in order to assess the prospects of each cash flow-generating unit based on value in use. Value in use is measured against net book value for the cash flow- generating entity. The brands are considered to be indefinite due to the Group\u2019s strategy for 2025 which contains a growth path for the brands, and confirms the value of the IP in the balance sheet, as long term future cashflow is expected. The Group has used value in use to determine recoverable amounts for the cash flow-generating entities. Value in use is determined by using the discounted cash flow method. The expected cash flow is based on the business areas\u2019 budgets and long term plans, which are approved by StrongPoint\u2019s executive management and the Board. Budgets and long-term plans cover a five-year period (explicit prognosis period). Approved budgets and long-term plans are adjusted for cash flow related to investments, future product improvements and new development, if the elements are considered significant for the impairment test. After the five years of explicit plans a terminal value is calculated based on 2.5% growth in net cash flow. To calculate value in use, the Group has used anticipated cash flow after tax and, correspondingly, discount rates after tax. The recoverable amount would not have been significantly different if cash flow before tax and the discount rate before tax had been used. The WACC after tax has been stipulated using an iterative method and is 8.29%. The assumptions are based on historical results and observable market data. Key assumptions Discount rate The discount rates are based on a weighted average cost of capital (WACC) method, whereby the cost of equity and the cost of liabilities are weighted according to an estimated capital structure. The discount rates reflect the market\u2019s required return on investment at the time of the test and in the industry to which the cash-generating unit belongs. The estimated capital structure is based on the average capital structure in the industry in which the cash generating unit operates and an assessment of what is a reasonable and prudent long-term capital structure. The CAPM model is used to estimate the cost of equity. In accordance with the CAPM model, the cost of equity consists of risk-free interest as well as an individual risk premium. The risk premium is the entity\u2019s systematic risk (beta), multiplied by the market\u2019s risk premium. The risk-free interest is estimated on a 10-year Norwegian government bond interest rate and is based on all cash flow being translated to NOK. The cost of liabilities represents an expected long-term after-tax interest rate for comparable liabilities and consists of risk-free interest and an interest spread. Profit margin (EBITDA) The profit margin is reviewed based on expectations of future development and historical performance. This gives the Group good prospects for order intake and is a solid basis for long-term growth. Growth rate Growth rates in the explicit prognosis period are based on management\u2019s expectations of market trends. The Group uses stable growth rates to extrapolate cash flow in excess of five years. The long- term growth rate beyond five years is not higher than the expected long-term growth rate in the indus- try in which the undertaking operates within. Market shares and macro trends Group entities monitors competition environment and market shares on a detailed level, both in the local geography and from a product point of view. StrongPoint is a retail technology company and exposed to global changes within technology development, international competition, supply change and raw material distribution following political, climate or international trading challenges etc, Expected changes in market shares or new competitive solutions that can influence future cash flow from the business units are taken into account in the impairment test. Risk Group management and Board of directors monitors and acts upon risk within the following areas: Strategic, operational, financial and sustainability/climate. Main assumptions in the impariment test are adjusted to reflect the risk environment that the Group operates within. Sensitivity analysis In connection with impairment tests of goodwill and intangible assets, sensitivity analyses are carried out. There will not be an impairment situation before relatively large changes in the key assumptions, and these changes are considered to be outside the reasonable outcome. Estimation uncertainty There will always be uncertainty related to the estimate of value in use. The assessments are based on key assumptions as described above, and are to a large degree influenced by market data for comparable companies, interest rates and other risk conditions. These calculations are based on discounted future cash flow, in which judgement was used as regards future profit and operation. Significant changes in the cash flow may affect the value of goodwill. Note 12: Inventories Inventories (KNOK) 2022 2021 Inventories 242 540 222 582 Provision for obsolete stock -10 416 -11 326 Total 232 124 211 256 Provision for obsolete stock (KNOK) 2022 2021 Provision for obsolete stock, opening balance -11 326 -12 912 Taken to income/charged to expense (-) change in provision 910 1 586 Provision for obsolete stock, closing balance -10 416 -11 326 Inventories are measured at the lower of cost and net realisable value. The stock is pledged as security for loans, see note 15. The cost of goods sold of KNOK 850,956 includes direct costs of goods with KNOK 578,407. Note 13: Other receivables Short term receivables (KNOK) 2022 2021 Accounts receivables 274 348 175 627 Prepaid expenses 25 731 16 646 Other receivables 16 265 13 885 Total short term receivables 31.12 316 344 206 158 Other receivables included MNOK 4.4 in expected government grants (SkatteFUNN) refunds for development costs in 2022. This was booked as reduction of other operating expenses. Changes in provision for bad debts (KNOK) 2022 2021 01.01 6 981 5 251 Discontinued operations - -16 Acquisition 138 - Applied provisions -1 145 27 Reversed provisions -2 119 -1 325 New provision for bad debt 2 173 3 044 Total 31.12 6 027 6 981 The provisions per 31.12.2022 are not directly related to individual customers. Losses on bad debts are classified as other operating expenses in the income statement. Aging of accounts receivables (KNOK) 2022 2021 Not due 206 384 158 854 0-3 months 67 414 16 197 3-6 months 550 556 6-12 months - 21 Older than 12 months - - Total 31.12 274 348 175 627 Long term receivables (KNOK) 2022 2021 Earn-out Cash Security 1) - 14 650 Loan to Joint venture company in Spain 13 668 - Deposit rented offices 1 479 972 Total long term receivables 31.12 15 147 15 622 1) Expected Earn-out from sale of Cash Security in 2020 of MNOK 1.4 is included short term receivables. Note 15: Interest-bearing debt and secured debt Debt per 31.12. and specification of terms. Figures in KNOK Type of loan 2022 2021 Borrowing terms Average nominal interest for 2022 Multi-currency, group credit account 1) 22 137 - Overdraft limit MNOK 100, not time limited 2,98% Repayment loan 11 455 12 985 Quarterly repayments 1,72 % Short term debt 4 165 3 068 Repayment in 2023 2,6%-5,77% Leasing liabilities 81 203 42 009 Monthly and quarterly payments Total interest bearing debt 118 960 58 062 1) The Groups\u2019 main bank connection has loan covenants in relation to the ratio between NIBD/EBITDA. The loan agreements are measured on a quarterly basis. See note 17 for more information. All loans are secured. Distribution of long-term and short-term interest bearing debts: KNOK 2022 2021 Bank overdraft 22 137 - Current interest-bearing liabilities 29 310 20 854 Due after one year 67 513 37 208 Total interest-bearing debt 118 960 58 062 Pledged assets per 31.12. and book value: Asset 31.12.2022 31.12.2021 Operating equipment and inventories for StrongPoint AS 115 442 147 375 Lien over F\u00f6retagsinnteckning StrongPoint AB 1) 109 844 113 237 Co-surety Norway, Sweden, the Baltics and UK* 135 000 135 000 * The foreign companies liabilities are limited to the amount the guarantor at any time has drawn. 1) F\u00f6retagsinnteckning is equivalent to a priority lien over the company\u2019s assets. Change in liabilities arising from financing activities: KNOK 31.12.2021 CashFlow New contracts Currency differences 31.12.2022 Interest bearing liabilities 16 004 16 897 - 4 855 37 757 Lease liabilities 42 058 -19 503 58 694 -46 81 203 Total 58 062 -2 605 58 694 4 809 118 960 KNOK 31.12.2020 CashFlow New contracts 31.12.2021 Interest bearing liabilities 54 335 -38 331 - 16 004 Lease liabilities 54 816 -17 267 4 510 42 058 Total 109 151 -55 598 4 510 58 062 Note 14: Cash and cash equivalents KNOK 2022 2021 Cash and bank deposits 47 248 174 198 Overdraft 22 137 - Unused overdraft facilities 77 863 100 000 The Group had liquid assets (bank deposits and unused overdraft facilities) of MNOK 125.1 per 31.12.2022 (2021: MNOK 274.2). KNOK 2,611 are restricted funds pr. 31.12.2022 (2021: KNOK 0). The Group has a cash pool arrangement allowing efficient distribution of cash between the different business units, and can withdraw up to MNOK 100 from the Group\u2019s overdraft facility if necessary to cover short term liquidity needs. Note 16: Leasing commitments Tenancy agreements on premises has a lease-term of 1.5 - 10 years. Annual payment for these premises is approx. KNOK 17,078. Leasing contracts on vehicles has a lease-term of 1 - 6 years. Annual payment is approx. KNOK 6,498. Leasing contracts on inventory (copy machines, coffe machines etc.) has a lease-term of 1 - 3 years. Annual payment is approx. KNOK 587. The numbers above includes approxemately MNOK 1 as leasing expenses in the P&L regarding contracts with a lifetime of less than one year and a value of less than KNOK 100. These contracts are not booked as leasing commitments in the balance sheet. At the commencement date the present value of the lease payments has been calculated based on the lessee\u2019s incremental borrowing rate. The discount rate is 9.5%, included an interest rate of 7.5% business risk and 2.0% risk free. The carrying value of financial leasing and IFRS16 leasing are included in note 10. Future minimum rent for the leasing contracts per 31.12 is as follows: The present value of future payments KNOK 2022 2021 Within one year 24 164 18 180 22 067 After one year, but within five years 53 504 35 191 40 22 After more than five years 20 854 1 076 12 098 Total 98 522 54 448 74 389 Note 17: Financial instruments Financial risks StrongPoint\u2019s activities expose the group to exchange rate-, interest-, credit- and liquidity risks. (i) Credit risks The Group\u2019s credit risk is related to the sale of goods and services on credit. The Group has established guidelines to ensure that sales are only made to customers who have not had significant payment problems earlier and that the outstanding amount do not exceed credit limits. Guidelines are implemented to prevent the company\u2019s risk associated with loans and guarantees related to employees and customers. Per 31.12.2022 the Group had KNOK 274,348 in outstanding accounts receivables. Of this KNOK 67,964 were overdue, traditionally most of the overdue amount are paid a few days after period end. The Group has historically had a low rate of loss on receivables. This year\u2019s expenses in relation to bad debts amounting to a cost of KNOK 1,203, including realized losses and changes in the provision for bad debts. (ii) Interest rate risk The company\u2019s interest-bearing debt increased in 2022. The interest risk is measured by the group treasury department by simulating the effect of a change in interest rates. The simulation illustrates the cash effect of a change in interest rates given the loan size and the level of any existing interest rate hedging. The results from the simulation are used to support decisions concerning the possible conclusion of fixed-rate contracts. As a result of this the group\u2019s interest-bearing debt has a floating interest rate at year-end. It has not been used fixed rate contracts or other hedging instruments in 2022 or 2021. Based on the financial instruments in existence as of 31 December 2022, a general increase in interest rates of two per cent will reduce pre-tax profits by KNOK 800. KNOK 2022 2021 Total interest-bearing debt 118 960 58 06 2 Cash 47 248 174 198 Net interest-bearing debt 71 712 -116 136 Total capital adjusted for Goodwill 825 722 721 891 Debt ratio 9% -16% The average effective rate of interest on financial instruments was as follows: The interest rate on overdraft are based on 1 month NIBOR for the draft in NOK, 1 month STIBOR SEK, 1 month EURIBOR EUR and 1 month SONIA for GBP. The interest rate on the largest long-term loan are fixed until 2026. The interest rate on the smaler loans is determined quarterly. See note 15 for information about long-term loans and note 16 for information about liabilities in relation to financial leasing agreements. (iii) Liquidity risk The Group manages liquidity risk by monitoring the expected future cash from operations and available cash and credit facilities are adequate to serve the operational and financial obligations. This is done by preparing cash flow forecasts 12 months ahead, and detailed monthly cash monitoring, based on different outcomes in turnover and productmix. Capital tied up in the individual business units are supervised, focusing on inventory, accounts receivable, financing and accounts payable. The group\u2019s strategy is to have sufficient cash, cash equivalents or credit facilities available at any time to be able to finance operations and investments for the next 6 months. Excess liquidity is mainly located in the Groups Cash Pool which is netted against overdraft. Unused credit facilities are described in note 14. The loan agreement with the main financial institution has a claim (covenant) in which the ratio of net interest bearing debt and moving 12-month earnings before depreciation (EBITDA) shall not exceed 3.5. This is measured quarterly. The company met this requirement in 2022 and 2021. Interest bearing debt was totally increased by MNOK 60.9 during 2022, of which MNOK 40.0 was related to IFRS 16 liabilities. This combined with the EBITDA of MNOK 75.5 (MNOK 53.6 in 2021) resulted in net debt divided by 12 month rolling income before depreciation (EBITDA) per 31.12.2022 was 0.95. Per 31.12.2021 it was measured -2.17. 2022 2021 Bank overdraft 2,98% 1,74% Short term loans 4,19% 1,88% Long term loans 1,72% 1,72% Overview of maturity structures of financial liabilities: The payment of financial obligations is intended to be covered by the payment of accounts receivable, sale of goods and services, and available cash and available credit facilities. (iv) Currency risks The Company has no material debt or bank deposits in foreign currency, except Euro, Norwegian and Swedish kroner. The main exposure to foreign currency derived from accounts payable and accounts receivable in connection with the purchase and sale of goods in foreign currency, and contracts where the sales price is determined in a currency other than the cost of goods sold. The Group is mainly exposed to fluctuations in the price of goods bought in foreign currencies, primarily in SEK, USD, EUR and GBP, and sale of goods in EUR. The company do not normally use forward contracts to hedge this exposure. Large currency fluctuations are compensated by contracted agreement allowing adjusted sales prices accordingly. (v) Financial investments Excess liquidity is placed in the Group\u2019s cashpool to reduce its short-term interest-bearing debt. The company uses a small degree of financial investments. KNOK Balance sheet amount 0-6 months 6-12 months 1-2 year 2-3 year more than 3 years Undefined Secured loans (long and short term interest bearing debt) 15 620 3 751 3 782 3 426 3 485 1 175 - Secured loans, interest IA 153 104 110 50 IA - Overdraft (short-term interest bearing debt) 1) 22 137 - - - - - 22 137 Overdraft, interest IA - - - - IA - Financial leasing (long-term and short-term interest bearing debt) 2 240 416 416 726 463 219 - Financial leasing, interest IA 21 17 21 9 IA - IFRS16 leasing (long-term and short-term interest bearing debt) 78 963 10 472 10 472 13 999 11 643 32 377 - IFRS16 leasing, interest IA 1 416 1 416 2 323 1 910 IA - Accounts payable 147 839 147 839 - - - - - Net liabilities financial instruments 266 799 164 069 16 208 20 605 17 561 33 771 22 137 1) The overdraft contract with Danske Bank runs until renegotiated by either party. A change of 5% exchange rate as at 31 December 2022 would have resulted in the following effects on the profit in the group Sensitivity currency exposure; SEK weakened by 5% against EUR -168 SEK weakened by 5% against GBP - SEK weakened by 5% against USD -47 NOK weakened by 5% against SEK 234 NOK weakened by 5% against EUR 87 NOK weakened by 5% against GBP 12 NOK weakened by 5% against USD 237 (vi) Capital structure The Board aims to maintain a strong capital base in order to retain the trust of shareholders, creditors and the market in order to continually develop the company. The Board want to create a balance between higher return, which is made possible by higher borrowing levels, and the benefits and security provided by a solid equity. The Board aims to ensure that StrongPoint shareholders will over time gain a competitive return on their investment through a combination of cash dividends and increased value of their shares. In determining the annual dividend, the Board will take into account the expected cash flow, investments in organic growth, plans for growth through mergers and acquisitions, and the need for adequate financial flexibility. The level of net debt is measured in terms of cash flow. The company is comfortable with the level of debt per 31.12.22 (viii) Fair value measurement The following table provides the fair value measurement hierarchy of the Group\u2019s assets and liabilities. Due to their short term nature, the carrying value of current financial assets and liabilities is deemed as reasonable approximation to the fair value of the financial assets and liabilities. As such, the carrying amount is considered not to be significantly different from the fair value. Based on characteristics of the financial instruments recognized in the consolidated financial statements, these have been grouped in classes and categories as described below. The estimated fair value corresponds substantially carrying value. Other long term investments are classifed as equity instruments designated at fair value, according to IFRS 9. The balance sheet value of cash and cash equivalents and overdrafts is approximate to the fair value as these instruments have a short expiry period. Similarly, the balance sheet value of accounts receivables and accounts payable is approximate to the fair value as they are agreed on \u201cordinary\u201d terms. Book value of debt is deemed to be equivalent to market value, since the company should be able to refinance the loan at the same rate in the market. Fair value measurement using Date of valuation Total Significant unobservable inputs (Level 3) Assets measured at fair value: Financial assets Cash 31 December 2022 47 248 47 248 Accounts receivable 31 December 2022 274 348 274 348 Other long-term investments 31 December 2022 4 001 4 001 Financial debts Accounts payable 31 December 2022 -147 839 -147 839 Bank loans 31 December 2022 -15 620 -15 620 Financial leasing liabilities 31 December 2022 -2 240 -2 240 Note 18: Transactions with related parties There have been no transactions with Board members and employees in 2022. Transactions with associated companies The group carried out a number of transactions with Spok AS in 2022 and 2021. All transactions were carried out as part of its ordinary activities and at ordinary business conditions. The balance includes the following amounts resulting from transactions with the associated company: The Group will continue to financially support the Joint Venture in Spain as long as the outcome of the R&D project give an expected positive return of investment. The Group has no other binding future transactions with related parties. 2022 2021 KNOK Sale Purchase Sale Purchase Spok AS 290 3 628 609 3 657 2022 2021 KNOK Receivables Debt Receivables Debt Spok AS - 7 - 26 StrongPoint Cash Tech S.L. (under establishment) 13 668 - - - Note 19: Post balance sheet events No significant events have occurred after the balance sheet date. Note 20: Overview of subsidiaries The following subsidiares are included in the consolidated accounts: Company Adress Main area of business Share of votes Stake StrongPoint AS 1) R\u00e6lingen Service and product provider 100% 100% StrongPoint AB G\u00f6teborg (Sweden) Service and product provider 100% 100% StrongPoint Retail Solutions Sdn Bhd Malaysia Under liquidation 100% 100% StrongPoint UAB 2) Vilnius (Lithuania) Service and product provider 100% 100% StrongPoint S.L.U Spain Service and product provider 100% 100% StrongPoint E-com AB T\u00e4by (Sweden) Production and sales 100% 100% Air Link Group Ltd 3) Birmingham (UK) Service and product provider 100% 100% StrongPoint Retail Ltd Manchester (UK) Sales Office 100% 100% 1) StrongPoint AS owns 100% of its company in Germany. 2) StrongPoint UAB owns 100% of its sales companies in Latvia and Estonia. 3) Air Link Group Ltd owns 100% of its sales companies in UK, Ireland and Belgium. Note 21: Exchange rates Profit or loss items in the subsidiaries are converted to NOK monthly, based on the average exchange rate of that month. Balance sheet items for the subsidiaries are converted to NOK, based on the exchange rate as at 31.12.2022. 2022 2021 Average exchange rate Exchange rate Exchange rate January February March April May June July August September October November December 31.12. Average 31.12. SEK 0,966 0,955 0,923 0,933 0,966 0,972 0,963 0,936 0,943 0,949 0,950 0,951 0,945 1,002 0,975 Euro 10,007 10,054 9,737 9,624 10,137 10,307 10,182 9,831 10,170 10,392 10,336 10,448 10,514 10,163 9,989 GBP 11,984 12,000 11,642 11,498 11,927 12,016 11,985 11,635 11,627 11,937 11,895 12,017 11,854 11,818 11,888 Note 22: Short and long term provisions KNOK 2022 2021 Balance 01.01 - 5 254 Currency differences -115 Payment earn-out 2020 Cub Business Systems AB -4 200 Payment / reversed earn-out PYD Seguridad S.L. -939 Balance 31.12 - - Note 23: Earnings per share KNOK 2022 2021 Profit for the year 29 105 190 775 Profit for the year continued operations 29 105 22 357 Weighed average number of shares during the year Basic 44 260 195 44 190 919 Effect of dilutive share based incentive plans 2 668 750 2 075 000 Diluted 46 928 945 46 265 919 Earnings per share (NOK) Basic 0,66 4,32 Diluted 0,62 4,12 Earnings per share continued operations (NOK) Basic 0,66 0,51 Diluted 0,62 0,48 Number of outstanding shares (numbers in thousand) 2022 2021 01.01: Number of shares (after deductions for own shares) 43 788 44 293 New shares 500 0 Sale of own shares during the year 594 96 Purchase of own shares during the year -591 -600 31.12: Number of shares (after deductions for 584.5 thousand own shares) 44 292 43 788 Note 24: Shareholder information Overview of shareholders per 31.12.2022 1) The shares to ALS Kingfisher Limited and European Retail Engineering Limited have not yet been issued to their VPS accounts. 2) The issuance of 512,312 new shares were registered with the Norwegian Register of Business Enterprises 04 June 2022. These shares have not been registered in VPS yet, but are included here. StrongPoint ASA had per 31.12.2022 a share capital of NOK 27,830,778.24 spread over 44,888,352 shares with a nominal value of NOK 0.62. All shares have equal voting rights. No. Name No. of shares % 1 STR\u00d8MSTANGEN AS 3 933 092 8.76 2 SOLE ACTIVE AS 2 221 717 4.95 3 HSBC BANK PLC 1 896 000 4.22 4 V. EIENDOM HOLDING AS 1 865 000 4.15 5 PICTET & CIE (EUROPE) S.A. 1 641 821 3.66 6 NORDNET BANK AB 1 506 472 3.36 7 ZETTERBERG, GEORG (incl. fully owned companies) 1 395 000 3.11 8 AVANZA BANK AB 1 252 847 2.79 9 RING, JAN 1 176 648 2.62 10 VERDADERO AS 1 031 926 2.30 11 VERDIPAPIRFONDET DNB SMB 886 783 1.98 12 EVENSEN, TOR COLKA 840 000 1.87 13 WAALER AS 771 966 1.72 14 HAUSTA INVESTOR AS 699 600 1.56 15 JOHANSEN, STEIN 580 000 1.29 16 STRONGPOINT ASA 584 518 1.30 17 MP PENSJON PK 561 402 1.25 18 ALS KINGFISHER LIMITED 1) 506 156 1.13 19 EUROPEAN RETAIL ENGINEERING LIMITED 1) 506 156 1.13 20 BNP PARIBAS 452 487 1.01 Sum 20 largest shareholders 24 309 591 54.16 Sum 2 525 other shareholders 20 578 761 45.84 Sum all 2 545 shareholders 2) 44 888 352 100.00 Changes in share capital: Number of shares Share capital KNOK 2022 2021 2022 2021 Ordinary shares 01.01 44 376 44 376 27 513 27 513 Ordinary shares 31.12 44 888 44 376 27 831 27 513 Own shares: Numbers in 1000 2022 2021 01.01 588 83 Purchase of own shares 591 600 Sales of own shares -594 -96 31.12 585 588 Nominal value 0,62 0,62 Own shares specified in equity (KNOK): 362 364 As at 31.12.2022 the Group owned 584,518 own shares. Cost price of these was KNOK 12,145, giving an average share price of NOK 20.78. In 2022 it was paid KNOK 34,991 in dividend, which was NOK 0.80 per share. The Board has proposed a dividend of NOK 0,90 per share in 2023. Total dividends to external shareholders will be KNOK 39,873. Members of the Group management team have stock options. See note 9 for more information. Note 25: Estimation uncertainties When preparing the annual accounts in accordance with IFRS the company management has used estimates based on best judgement and assumptions that are considered to be realistic. Situations or changes in market conditions may occur that may lead to estimates being adjusted, thus affecting the company\u2019s assets, debts, equity and profit. The company\u2019s most significant accounting estimates are linked to the following items: \u2022 Business combinations \u2022 Impairment of intangible assets. \u2022 Impairment assessment of goodwill \u2022 Recognition of deferred tax on balance sheet \u2022 Warranty provisions StrongPoint must allocate the cost price of acquired entities to acquired assets and transferred debts based on estimated fair value. Significant intangible assets that StrongPoint has recognized includes customer contracts, customer base, brands, own technology and commitments in relation to any royalty agreements entered into. Assumptions taken into account when valuing assets include, but are not limited to, the replacement cost of fixed assets and fair value. The management\u2019s estimates of fair value are based on assumptions that are considered to be reasonable, but that are by nature uncertain. As a result the actual results may differ from the estimates. Depreciation periods and amounts are given in note 11. Management prepare a Key Audit Matter report to the Audit Committee at least every 6 months, where major estimates are discussed and agreed. Goodwill and brands as stated on the balance sheet are evaluated for impairment whenever there are indications of impairment, at least annually. The valuation is based on value in use when discounting expected future cash flow. The valuation is carried out with starting points in next year\u2019s budget and in a forecast for the next four years. Next, a terminal value is calculated based on 2.5% growth in net cash flow. The most sensitive assumption used in the estimates is that of future turnover growth, but EBITDA and discount rate are also important. The assumptions and sensitivity analysis are detailed in note 11. The management has used estimates and assessments when making provisions for obsolete stock and future warranty costs. The provisions have been made with basis in a historical assessment of provision requirements, past figures for returns and under-warranty repairs and the age distribution of stock. Further details are provided in note 12 for stock and note 27 for warranty provisions. The sale of Labels business and the acquisition of Air Link Group does not have any variable price mechanisms. An accrual for potential guarrantee claims of 1.5 MNOK are released in December 2022 as management does not expect any claims. Note 26: Tax Tax expense: KNOK 2022 2021 Tax payable 16 108 12 983 Tax items relating to previous years 1) 726 - Change in deferred tax -7 774 -9 441 Tax expense 9 060 3 542 Included as tax expense in the financial statements 9 060 3 542 Reconciliation of the nominal tax rate 22% 22% KNOK 2022 2021 Profit before tax 38 165 25 899 Tax calculated at a rate of 22% 8 396 5 698 Taxing related to companies in other countries with other tax rate -2 926 -2 771 Change in tax rate in Sweden - -88 Non-taxable items (22% of permanent differences) 2 345 -651 Unrecognised deferred tax asset 1 245 1 355 Tax expense 9 060 3 542 1) Reversal of provision of tax previous years Deferred tax assets and deferred tax liabilities: Deferred tax assets Deferred tax liabilities Consolidated income statement 1) KNOK 2022 2021 2022 2021 2022 2021 Current assets 631 665 4 271 2 657 -1 542 455 Liabilities 3 092 1 992 -3 185 -2 727 -642 1 368 Fixed assets 347 367 -18 301 -4 963 -3 048 -2 180 Losses carried forward 16 855 14 216 -3 783 -3 686 -2 542 -9 084 Deferred tax 1) 20 925 17 240 -20 997 -8 720 -7 774 -9 441 1) Exchange rates differences and opening balance in discontinued operations are not booked over the consolidated income statement for continued operations. The Company has no liabilities / deferred tax assets that effect Total comprehensive income. Per 31.12.2022 the group has losses carried forward of MNOK 62.0 in the Spanish entity. Deferred tax assets of MNOK 15.5 (MNOK 14.2) associated with this is included in the balance sheet. Note 28: Macro perspectives influencing the business COVID 19 Pandemic The COVID 19 pandemic had limited effect on the business in 2022. Global supply chain and component shortages The Group was influenced by the global shortage of some components especially for the production of CashGuards. The shortage can be explained by the COVID 19 pandemic and various severe weather incidents affecting production facilities. StrongPoint works closely with suppliers to ensure as little effect on customer deliveries as possible, but experienced delay in installation during 2022. Climate Global climate changes influence both StrongPoints, customers and suppliers in different ways, contributing to both risks and opportunities. Climate risks are related especially to shortage of energy for the production and distribution of goods, both proprietory solutions and third party products. If climate changes requires dramatic changes in the energy consumption, this will influence StrongPoints ability to produce the products. Hardware represents 55% of the business. Risk is also related to shortages on food, which will affect the customers of StrongPoint, and shortages of raw materials for specific components. Management does not see these as a risks in the short term. Climate opportunities are linked to StrongPoint solutions that can reduce energy consumption, like AutoStore storage of frozen goods. StrongPoint Air Link (UK/Ireland) are providing refurbishment of interior or point of sales physical installation, and this can contribute positive to climate if utilised in other markets. Note 27: Other short term debt KNOK 2022 2021 Holiday pay owed 17 716 16 853 Accrued expenses 28 467 22 603 Contracts liabilities 73 550 69 495 Warranty provisions 2 149 1 883 Other short term debt 11 557 16 087 Total other short term debt 133 439 126 920 Warranty provisions (KNOK) 2022 2021 Balance 01.01 1 883 1 681 Provision 4 060 2 198 Currency differences -56 -111 Used -3 737 -1 886 Balance 31.12 2 149 1 883 Of which warranties due within 1 year 2 149 1 883", "dimensions": { "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-239": { "value": "StrongPoint ASA is based in Norway with registered office at Slynga 10 in the municipality of ", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-1": { "value": "StrongPoint ASA", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-241": { "value": "ASA ", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-237": { "value": "Norway ", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-240": { "value": "Norway ", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-4": { "value": "Norway", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-2": { "value": "Slynga 10 in the municipality of R\u00e6lingen", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-3": { "value": "The group\u2019s main business is development, sale and implementation of innovative, integrated technology solutions to retailers especially within the grocery segment but also other segments like Do-It-Yourself or pharmacies.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-238": { "value": "StrongPoint ASA", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-295": { "value": "The proposed annual financial statements are prepared with the assumption of a going concern ", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-290": { "value": "The annual financial statements will be approved by the ordinary general meeting 27 April 2023. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-243": { "value": "
Note 2: Accounting principles
Basic principles
The consolidated financial statements have been prepared in accordance with the EU approved
International Financial Reporting Standards (IFRS) and associated interpretations and with additional
Norwegian disclosure requirements pursuant to the Accounting Act, Stock Exchange Regulations and
stock exchange rules applicable to financial statements completed by 31.12.2022. The consolidated
financial statements have been produced based on historical costs with the exception of certain
financial instruments, which have been disclosed at fair value.
The group has incorporated all standards and interpretation applying to the financial statements
prepared at 31.12.2022.
The consolidated financial statements are presented in thousand Norwegian kroner unless
otherwise stated.
Estimates and judgements
In preparing the consolidated financial statements, management makes various accounting estimates
and assumptions that form the basis of the presentation, recognition and measurement of
StrongPoint\u2019s assets and liabilities.
Determining the carrying amounts of some assets and liabilities requires estimates and
assumptions concerning future events. Estimates and assumptions are based on historical experience
and other factors, which management assesses to be reasonable, but which by their nature involve
uncertainty and unpredictability. These assumptions may have to be revised as unexpected events or
circumstances may occur. The areas that involve a high degree of estimation uncertainty and usage
of management\u2019s judgement are described in more detail in note 25.
Consolidation principles
The consolidated financial statements have been prepared to show StrongPoint Group as a unit.
This involves consolidating all companies where StrongPoint has direct or indirect control and
elimination of internal transactions and balances. An entity is consolidated from the date when
the Group achieve control.
Associated companies are accounted for using the equity method in the consolidated financial
statements. Associated companies are entities where the group has significant influence but no
control (normally in the case of stakes between 20% and 50%) over financial and operational
management. Shares held for sale in associated companies, are valued at fair value, and unrealised
increase or decrease in value which earlier have been recognized directly as income and costs in
the statement of other comprehensive income, will be reversed. Share of profit after tax in associated
companies are recognized included in financial items in the P&L. Investments in associated
companies are tested for impairment indicators based on the principles in IFRS 9. If there are
objective indications of impairment, impairment tests are conducted in accordance with IAS 28.40.
Any other investments are considered to be investments held for sale and are recognized at their
fair value and with any change in value through other comprehensive income.
Translation of foreign currency
The accounts of individual entities within the group are measured in the local currency in each country
(functional currencies). The functional currencies mainly consist of NOK, SEK, EUR and GBP. The
consolidated financial statements have been prepared in NOK, which is both the functional currency
and the reporting currency of the parent company and the Norwegian subsidiary.
The balance sheet is converted with the closing rate at the balance sheet date, while the income
statement is converted with the average monthly exchange rate. The net effect of the translation is
recognized as translation differences in other comprehensive income.
Loans from an entity within the group to subsidiaries where repayment has not been planned or is
not likely in the foreseeable future, are considered as part of the net investment in subsidiaries, while
foreign exchange gains or losses linked to such loans are recognized as translation differences in the
statement of other comprehensive income.
Tangible assets
Tangible assets are recognized at acquisition cost less any accumulated impairments and
depreciation. Upgrades on fixed assets is capitalised. Maintenance is expensed.
The acquisition cost of fixed assets are depreciated linearly according to the expected useful life of
the assets, which is:
\u2022 Fixtures and equipment 3\u20135 years
\u2022 Machinery 3-10 years
\u2022 Plant and property (production and warehouse facilities) 20 years
\u2022 Land values are not depreciated
The useful life of the assets, depreciation method and their residual value are revalued on each balance sheet date and adjusted if necessary. When the balance sheet value of a fixed asset is higher than the estimated recoverable amount, the value is reduced to the recoverable amount. Any profit and loss on disposal of the asset is recorded as the difference between sale price and balance sheet value. Leasing Contracts with a lifetime of more than one year and a value of KNOK 100 are booked as IFRS 16 Leases as both right-of-use assets and liabilities. Operational leases with lower value or shorter lifetime are not booked as leases. Any fixed assets hired on terms that predominantly sees the transfer risk and rewards to StrongPoint (operational leasing agreements with a lifetime of more than one year and a value of more than KNOK 100 and financial leasing) are activated as fixed assets at the current value of the minimum leasing amount, alternatively at their fair value if this is lower. The commitment is recognized as a short-term and long-term liability. In the case of any other leasing agreements the hire amount is carried as an operating cost and distributed systematically throughout the leasing period (operational leasing) Intangible assets Intangible assets are recognized at their cost price, less any accumulated write-downs and amortisation, and are considered periodically for impairment in the case of a fall in value. Any losses in relation to fall in value are recognized as operating costs. Economic life is either specific or indefinite. Intangible assets with specific lives are amortized over economic life and tested for impairment when there are indications on this. The depreciation method and -period are considered at least yearly. Changes in depreciation method and -period are treated as changes in estimates. Intangible assets with indefinite lives are impairment tested at least yearly, either individually or as part of a cash-generating unit. Intangible assets with indefinite lives are not amortized. The lifetime is considered yearly with regard to whether the assumption of an indefinite useful life can be defended. Goodwill and other intangible assets from acquisitions Any differences between the acquisition compensation and the fair value of net identifiable acquired assets are classified as goodwill. In the case of gradual acquisitions made in stages, former assets are valued at fair value at the time of acquisition. Any alterations related to booked value on former assets are recognized in the statement of other comprehensive income. On the balance sheet date, or when there are indications of impairment, the group evaluates the book value of the goodwill. Expensing of loss due to fall in value is recognized if the recoverable amount related to the entity in question falls below book value of the entity included goodwill. Negative goodwill related to acquisitions is realized immediately as income on the date of acquisition Goodwill is not depreciated but evaluated through impairment tests. Identifiable intangible assets from acquisitions are booked at fair value at the time of acquisition. This includes items such as technology, brand and customer relationships. Brand value/trademarks are not depreciated, but they are tested annually for impairment along with goodwill. The other items are depreciated throughout their estimated life cycle. Development costs Product development costs and research into new products and maintenance of existing products are expensed as costs. The expenses include in-house payroll costs and outsourced services. The expenses are reduced with any government grants received related to this development. Government grants (Skattefunn) are recognised where there is reasonable assurance that the grant will be received. Inventories Inventories are measured at its acquisition cost or net realizable value, whichever is lower. The acquisition cost of inventories is based on the \u201cfirst in, first out method\u201d (FIFO) and includes costs in relation to the acquisition, the cost of production or reworking, as well as any other cost of bringing the inventories to its present location and condition. The net realizable value is the estimated sale price under ordinary condition less the estimated cost of preparation and completion at the transfer date. Provisions for obsolescence are, where possible, made on an individual basis. If it is not possible to carry out an individual assessment, provisions for obsolescence are made based on the current inventory turnover rate. Accounts receivables For account receivables, the Group applies a simplified approach in calculating Expected credit losses (ECL). Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The carrying amount of the asset is reduced using an allowance account and the amount of the loss is recognized in the income statement. Provisions are made when there is objective evidence that the Group will not be able to collect the debts. Bad debts are written off when identified. It should, in minimum, be made provisions for: 50% of the amounts ex VAT that has been due for 3 months or more, 80% of the amounts ex VAT that has been due for 6 months or more, 100% of the amounts ex VAT that has been due for 12 months or more. Changes in provision are booked as other operating expenses.
Cash and cash equivalents
Cash includes cash in hand and cash deposits in banks.
Cash equivalents are held for the purpose of meeting short-term commitments rather than for
investment or other purposes. For an investment to qualify as a cash equivalent it must be readily
convertible to a known amount of cash and be subject to an insignificant risk of change in value.
Therefore, an investment normally qualifies as a cash equivalent only when it has a short maturity of
three months or less from the date of acquistion.
Pension commitments, bonus schemes and other staff compensation schemes
(a) Pension commitments
The employees in StrongPoint have pension schemes in line with local statutory and obligatory
company pension schemes, and are in general recognized as a defined contribution plan.
(b) Bonus schemes
The group recognizes a provision and a cost for bonus schemes. The group recognizes a provision
where there are contractual obligations or a precedent that generates a self-imposed obligation.
(c) Share program
The Group has a share program for the executive management where the CEO has the opportunity to
buy shares for up to NOK 1,000,000 per year with 20% discount with a 3 years lock-in period and the
other members have the opportunity to buy shares for up to NOK 500,000 per year with 20%
discount with a 3 years lock-in period. In addition, all permanent employees in a StrongPoint legal
entity, are offered to buy shares for up to NOK 35,000 per year with a 20% discount. The eployees
can chose to participate in the share program where shares will be allocated 4 times per year and the
discount is deducted in the monthly salary deduction, or the employee can buy the shares themselves
and get 20% of the amount refunded on their next salary. The discount is recognized as a personnel
cost.
Revenue recognition
Income from the sale of products and services is stated at its fair value, net after deductions for value
added tax, returns, reductions and discounts. Intercompany sales are eliminated. Revenue from the
sale of products is recorded when an entity within the group has delivered the products to the
customer, the customer has accepted the product and the customer\u2019s ability to settle the account has
been satisfactory confirmed. Services are recorded as income based on the number of hours
supplied.
Long-term service and license agreements are recognized linearly over the contracted period.
The Group\u2019s sales of products and services are considered to be separate performance obligations
according to IFRS 15. The assessment is supported by independence between product sales and
sales of services and that both types of sales are based on market prices without cross-subsidisation.
The performance obligation related to the sale of products is fulfilled upon installation by the customer
(at a point in time) and the performance obligation related to service agreements is fulfilled on a linear
basis over the contract period (over time).
Tax
Tax expenses are linked to the recorded profit and comprise of tax payable and changes in
deferred tax.
Deferred tax is calculated on temporary differences between the taxable value and consolidated
accounting value of assets and debts, with the exception of goodwill, which is not tax deductible.
Deferred tax is calculated by applying tax according to local tax legislation, on the balance sheet date
and that are expected to be applied when the deferred tax asset is realized or when the deferred tax
is settled. Positive and negative differences are offset against each other. Deferred tax assets are
recognized on the balance sheet to the extent that it is likely that future taxable earnings will be
present and the temporary differences can be deducted from these earnings.
Equity and cost of equity
Debts and equity
Financial instruments are classified as debt or equity in accordance with the signed agreement.
Interest, dividends, profits and losses related to a financial instrument classified as debts are
reported as costs or income. Dividend to StrongPoint shareholders classified as equity will be
recognized directly against the equity.
Cost of equity transactions
Transaction costs directly linked to an equity transaction are recognized directly through equity after
the deduction of tax.
Share option program
IFRS cost related to share options is booked against equity and social security expenses related to
the options are booked as provisions.
The equity-settled share-based option program is as part of the total remuneration plan for the
Group management team. The option program is designed to align and incentivize management
performance with shareholder value creation and to attract and retain high calibre executive
management and key personnel.
The share options will be allocated to the Participants based on company- and individual goal
achievement, and at the Board\u2019s discretion. The Board will take into consideration the company\u2019s
goals and strategies as well as targeted performance for executive management, when granting
options. The option plan is a performance-based remuneration scheme reflecting the underlying
long-term value creation of the company. The limits for the allocation of share options to the
Participants is determined by the board, within the board mandates approved by the general meeting.
The option scheme will be granted with a strike price equal to the market price at grant. The options
will vest over three years, with \u00bc vesting after one year, \u00bc after two years, and the remaining 2/4 after
three years. Any non-exercised options expire five years after grant. If an employee leave the
company before the end of the vesting period, the employee will not vest more options.
Provisions
A provision is recognized when the group has an obligation (legal or constructive) resulting from a
previous event if it is likely that there will be a financial settlement as a result of this obligation, and if
the size of the amount can be reliably measured. If the effect is significant the provision is calculated
by expected future cash flow and, if relevant, any risks specifically linked to the obligation. Provisions
for warranties are recognized when the underlying products and services are sold. The provisions are
based on historic warranty cost weighted with probability.
Financial instruments
Financial assets
Initial recognition and measurement
Financial assets are classified, at initial recognition, as subsequently measured at amortised cost and
fair value through profit or loss.
The classification of financial assets at initial recognition depends on the financial asset\u2019s
contractual cash flow characteristics and the Group\u2019s business model for managing them. With the
exception of trade receivables that do not contain a significant financing component or for which the
Group has applied the practical expedient, the Group initially measures a financial asset at its fair
value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs.
Subsequent measurement
For purposes of subsequent measurement, financial assets are classified in two categories:
\u2022 Financial assets at amortised cost (debt instruments)
\u2022 Financial assets at fair value through profit or loss
Financial assets at amortised cost (debt instruments)
Financial assets at amortised cost are subsequently measured using the effective interest (EIR)
method and are subject to impairment. Gains and losses are recognised in profit or loss when the
asset is derecognised, modified or impaired.
Financial assets at fair value through profit or loss
Financial assets at fair value are carried in the balance sheet at fair value with net changes in fair
value recognised in the statement of profit or loss .
Financial liabilities
Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit
or loss, loans and borrowings and payables. All financial liabilities are recognised initially at fair value
and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.
The Group\u2019s financial liabilities include trade and other payables, loans and borrowings including bank
overdrafts, and derivative financial instruments.
Subsequent measurement
For purposes of subsequent measurement, financial liabilities are classified in two categories:
\u2022 Financial liabilities at fair value through profit or loss
\u2022 Financial liabilities at amortised cost (loans and borrowings)
Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and
financial liabilities designated upon initial recognition as at fair value through profit or loss.
Financial liabilities at amortised cost (loans and borrowings)
This is the category most relevant to the Group. After initial recognition, interest-bearing loans and
borrowings are subsequently measured at amortised cost using the effective interest rate method.
Gains and losses are recognised in profit or loss when the liabilities are derecognised as well as
through the effective interest rate amortisation process .
Borrowing costs
Borrowing costs are recorded when the borrowing costs occurs. Borrowing costs are capitalized when
directly related to the purchase or manufacture of a qualifying asset.
Government grants
Government grants are recognized if there are resonable assurance that the company will meet the
criteria of the grant and the grant will be awarded. The recognition of operating grants shall be
recognized systematically during the grant period.
Fixed assets held for sale and discontinued operations
Fixed assets and groups of fixed assets and debts are classified as held for sale if the carrying
amount primarily can be recovered through a sales transaction rather than continued use. Fixed
assets classified as held for sale are measured at the lower of their carrying amount and fair value
less costs to sell. Costs to sell are the incremental costs directly attributable to the disposal of an
asset (disposal group), excluding finance costs and income tax expense.
Cash flow statement
The cash flow statement is presented using the indirect method. The Group\u2019s activities are divided
into operational, financing and investment activities.
New standards and interpretations
The company has not implemented new principles for 2022 that have had a significant effect on the
accounts.There are no new standards not yet taken into use that is expected to materially impact the
financial statements for StrongPoint.
Note 25: Estimation uncertainties When preparing the annual accounts in accordance with IFRS the company management has used estimates based on best judgement and assumptions that are considered to be realistic. Situations or changes in market conditions may occur that may lead to estimates being adjusted, thus affecting the company\u2019s assets, debts, equity and profit. The company\u2019s most significant accounting estimates are linked to the following items: \u2022 Business combinations \u2022 Impairment of intangible assets. \u2022 Impairment assessment of goodwill \u2022 Recognition of deferred tax on balance sheet \u2022 Warranty provisions StrongPoint must allocate the cost price of acquired entities to acquired assets and transferred debts based on estimated fair value. Significant intangible assets that StrongPoint has recognized includes customer contracts, customer base, brands, own technology and commitments in relation to any royalty agreements entered into. Assumptions taken into account when valuing assets include, but are not limited to, the replacement cost of fixed assets and fair value. The management\u2019s estimates of fair value are based on assumptions that are considered to be reasonable, but that are by nature uncertain. As a result the actual results may differ from the estimates. Depreciation periods and amounts are given in note 11. Management prepare a Key Audit Matter report to the Audit Committee at least every 6 months, where major estimates are discussed and agreed. Goodwill and brands as stated on the balance sheet are evaluated for impairment whenever there are indications of impairment, at least annually. The valuation is based on value in use when discounting expected future cash flow. The valuation is carried out with starting points in next year\u2019s budget and in a forecast for the next four years. Next, a terminal value is calculated based on 2.5% growth in net cash flow. The most sensitive assumption used in the estimates is that of future turnover growth, but EBITDA and discount rate are also important. The assumptions and sensitivity analysis are detailed in note 11. The management has used estimates and assessments when making provisions for obsolete stock and future warranty costs. The provisions have been made with basis in a historical assessment of provision requirements, past figures for returns and under-warranty repairs and the age distribution of stock. Further details are provided in note 12 for stock and note 27 for warranty provisions. The sale of Labels business and the acquisition of Air Link Group does not have any variable price mechanisms. An accrual for potential guarrantee claims of 1.5 MNOK are released in December 2022 as management does not expect any claims. ", "dimensions": { "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-245": { "value": "Basic principles The consolidated financial statements have been prepared in accordance with the EU approved International Financial Reporting Standards (IFRS) and associated interpretations and with additional Norwegian disclosure requirements pursuant to the Accounting Act, Stock Exchange Regulations and stock exchange rules applicable to financial statements completed by 31.12.2022. The consolidated financial statements have been produced based on historical costs with the exception of certain financial instruments, which have been disclosed at fair value. The group has incorporated all standards and interpretation applying to the financial statements prepared at 31.12.2022. The consolidated financial statements are presented in thousand Norwegian kroner unless otherwise stated. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-291": { "value": "The consolidated financial statements have been prepared in accordance with the EU approved International Financial Reporting Standards (IFRS) and associated interpretations and with additional Norwegian disclosure requirements pursuant to the Accounting Act, Stock Exchange Regulations and stock exchange rules applicable to financial statements completed by 31.12.2022. The consolidated financial statements have been produced based on historical costs with the exception of certain financial instruments, which have been disclosed at fair value. ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-292": { "value": "The consolidated financial statements are presented in thousand Norwegian kroner unless otherwise stated. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-246": { "value": "Consolidation principles The consolidated financial statements have been prepared to show StrongPoint Group as a unit. This involves consolidating all companies where StrongPoint has direct or indirect control and elimination of internal transactions and balances. An entity is consolidated from the date when the Group achieve control. Associated companies are accounted for using the equity method in the consolidated financial statements. Associated companies are entities where the group has significant influence but no control (normally in the case of stakes between 20% and 50%) over financial and operational management. Shares held for sale in associated companies, are valued at fair value, and unrealised increase or decrease in value which earlier have been recognized directly as income and costs in the statement of other comprehensive income, will be reversed. Share of profit after tax in associated companies are recognized included in financial items in the P&L. Investments in associated companies are tested for impairment indicators based on the principles in IFRS 9. If there are objective indications of impairment, impairment tests are conducted in accordance with IAS 28.40. Any other investments are considered to be investments held for sale and are recognized at their fair value and with any change in value through other comprehensive income. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-293": { "value": "Associated companies are accounted for using the equity method in the consolidated financial statements. Associated companies are entities where the group has significant influence but no control (normally in the case of stakes between 20% and 50%) over financial and operational management. Shares held for sale in associated companies, are valued at fair value, and unrealised increase or decrease in value which earlier have been recognized directly as income and costs in the statement of other comprehensive income, will be reversed. Share of profit after tax in associated companies are recognized included in financial items in the P&L. Investments in associated companies are tested for impairment indicators based on the principles in IFRS 9. If there are objective indications of impairment, impairment tests are conducted in accordance with IAS 28.40. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-294": { "value": "Any other investments are considered to be investments held for sale and are recognized at their fair value and with any change in value through other comprehensive income. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-247": { "value": "Translation of foreign currency The accounts of individual entities within the group are measured in the local currency in each country (functional currencies). The functional currencies mainly consist of NOK, SEK, EUR and GBP. The consolidated financial statements have been prepared in NOK, which is both the functional currency and the reporting currency of the parent company and the Norwegian subsidiary. The balance sheet is converted with the closing rate at the balance sheet date, while the income statement is converted with the average monthly exchange rate. The net effect of the translation is recognized as translation differences in other comprehensive income. Loans from an entity within the group to subsidiaries where repayment has not been planned or is not likely in the foreseeable future, are considered as part of the net investment in subsidiaries, while foreign exchange gains or losses linked to such loans are recognized as translation differences in the statement of other comprehensive income. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-248": { "value": "Tangible assets Tangible assets are recognized at acquisition cost less any accumulated impairments and depreciation. Upgrades on fixed assets is capitalised. Maintenance is expensed. The acquisition cost of fixed assets are depreciated linearly according to the expected useful life of the assets, which is: \u2022 Fixtures and equipment 3\u20135 years \u2022 Machinery 3-10 years \u2022 Plant and property (production and warehouse facilities) 20 years \u2022 Land values are not depreciated The useful life of the assets, depreciation method and their residual value are revalued on each balance sheet date and adjusted if necessary. When the balance sheet value of a fixed asset is higher than the estimated recoverable amount, the value is reduced to the recoverable amount. Any profit and loss on disposal of the asset is recorded as the difference between sale price and balance sheet value. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-249": { "value": "Leasing Contracts with a lifetime of more than one year and a value of KNOK 100 are booked as IFRS 16 Leases as both right-of-use assets and liabilities. Operational leases with lower value or shorter lifetime are not booked as leases. Any fixed assets hired on terms that predominantly sees the transfer risk and rewards to StrongPoint (operational leasing agreements with a lifetime of more than one year and a value of more than KNOK 100 and financial leasing) are activated as fixed assets at the current value of the minimum leasing amount, alternatively at their fair value if this is lower. The commitment is recognized as a short-term and long-term liability. In the case of any other leasing agreements the hire amount is carried as an operating cost and distributed systematically throughout the leasing period (operational leasing) ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-250": { "value": "Intangible assets Intangible assets are recognized at their cost price, less any accumulated write-downs and amortisation, and are considered periodically for impairment in the case of a fall in value. Any losses in relation to fall in value are recognized as operating costs. Economic life is either specific or indefinite. Intangible assets with specific lives are amortized over economic life and tested for impairment when there are indications on this. The depreciation method and -period are considered at least yearly. Changes in depreciation method and -period are treated as changes in estimates. Intangible assets with indefinite lives are impairment tested at least yearly, either individually or as part of a cash-generating unit. Intangible assets with indefinite lives are not amortized. The lifetime is considered yearly with regard to whether the assumption of an indefinite useful life can be defended. Goodwill and other intangible assets from acquisitions Any differences between the acquisition compensation and the fair value of net identifiable acquired assets are classified as goodwill. In the case of gradual acquisitions made in stages, former assets are valued at fair value at the time of acquisition. Any alterations related to booked value on former assets are recognized in the statement of other comprehensive income. On the balance sheet date, or when there are indications of impairment, the group evaluates the book value of the goodwill. Expensing of loss due to fall in value is recognized if the recoverable amount related to the entity in question falls below book value of the entity included goodwill. Negative goodwill related to acquisitions is realized immediately as income on the date of acquisition Goodwill is not depreciated but evaluated through impairment tests. Identifiable intangible assets from acquisitions are booked at fair value at the time of acquisition. This includes items such as technology, brand and customer relationships. Brand value/trademarks are not depreciated, but they are tested annually for impairment along with goodwill. The other items are depreciated throughout their estimated life cycle. Development costs Product development costs and research into new products and maintenance of existing products are expensed as costs. The expenses include in-house payroll costs and outsourced services. The expenses are reduced with any government grants received related to this development. Government grants (Skattefunn) are recognised where there is reasonable assurance that the grant will be received. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-342": { "value": "Intangible assets Intangible assets are recognized at their cost price, less any accumulated write-downs and amortisation, and are considered periodically for impairment in the case of a fall in value. Any losses in relation to fall in value are recognized as operating costs. Economic life is either specific or indefinite. Intangible assets with specific lives are amortized over economic life and tested for impairment when there are indications on this. The depreciation method and -period are considered at least yearly. Changes in depreciation method and -period are treated as changes in estimates. Intangible assets with indefinite lives are impairment tested at least yearly, either individually or as part of a cash-generating unit. Intangible assets with indefinite lives are not amortized. The lifetime is considered yearly with regard to whether the assumption of an indefinite useful life can be defended. Goodwill and other intangible assets from acquisitions Any differences between the acquisition compensation and the fair value of net identifiable acquired assets are classified as goodwill. In the case of gradual acquisitions made in stages, former assets are valued at fair value at the time of acquisition. Any alterations related to booked value on former assets are recognized in the statement of other comprehensive income. On the balance sheet date, or when there are indications of impairment, the group evaluates the book value of the goodwill. Expensing of loss due to fall in value is recognized if the recoverable amount related to the entity in question falls below book value of the entity included goodwill. Negative goodwill related to acquisitions is realized immediately as income on the date of acquisition Goodwill is not depreciated but evaluated through impairment tests. Identifiable intangible assets from acquisitions are booked at fair value at the time of acquisition. This includes items such as technology, brand and customer relationships. Brand value/trademarks are not depreciated, but they are tested annually for impairment along with goodwill. The other items are depreciated throughout their estimated life cycle. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-339": { "value": "Intangible assets Intangible assets are recognized at their cost price, less any accumulated write-downs and amortisation, and are considered periodically for impairment in the case of a fall in value. Any losses in relation to fall in value are recognized as operating costs. Economic life is either specific or indefinite. Intangible assets with specific lives are amortized over economic life and tested for impairment when there are indications on this. The depreciation method and -period are considered at least yearly. Changes in depreciation method and -period are treated as changes in estimates. Intangible assets with indefinite lives are impairment tested at least yearly, either individually or as part of a cash-generating unit. Intangible assets with indefinite lives are not amortized. The lifetime is considered yearly with regard to whether the assumption of an indefinite useful life can be defended. Goodwill and other intangible assets from acquisitions Any differences between the acquisition compensation and the fair value of net identifiable acquired assets are classified as goodwill. In the case of gradual acquisitions made in stages, former assets are valued at fair value at the time of acquisition. Any alterations related to booked value on former assets are recognized in the statement of other comprehensive income. On the balance sheet date, or when there are indications of impairment, the group evaluates the book value of the goodwill. Expensing of loss due to fall in value is recognized if the recoverable amount related to the entity in question falls below book value of the entity included goodwill. Negative goodwill related to acquisitions is realized immediately as income on the date of acquisition Goodwill is not depreciated but evaluated through impairment tests. Identifiable intangible assets from acquisitions are booked at fair value at the time of acquisition. This includes items such as technology, brand and customer relationships. Brand value/trademarks are not depreciated, but they are tested annually for impairment along with goodwill. The other items are depreciated throughout their estimated life cycle. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-318": { "value": "Intangible assets Intangible assets are recognized at their cost price, less any accumulated write-downs and amortisation, and are considered periodically for impairment in the case of a fall in value. Any losses in relation to fall in value are recognized as operating costs. Economic life is either specific or indefinite. Intangible assets with specific lives are amortized over economic life and tested for impairment when there are indications on this. The depreciation method and -period are considered at least yearly. Changes in depreciation method and -period are treated as changes in estimates. Intangible assets with indefinite lives are impairment tested at least yearly, either individually or as part of a cash-generating unit. Intangible assets with indefinite lives are not amortized. The lifetime is considered yearly with regard to whether the assumption of an indefinite useful life can be defended. Goodwill and other intangible assets from acquisitions Any differences between the acquisition compensation and the fair value of net identifiable acquired assets are classified as goodwill. In the case of gradual acquisitions made in stages, former assets are valued at fair value at the time of acquisition. Any alterations related to booked value on former assets are recognized in the statement of other comprehensive income. On the balance sheet date, or when there are indications of impairment, the group evaluates the book value of the goodwill. Expensing of loss due to fall in value is recognized if the recoverable amount related to the entity in question falls below book value of the entity included goodwill. Negative goodwill related to acquisitions is realized immediately as income on the date of acquisition Goodwill is not depreciated but evaluated through impairment tests. Identifiable intangible assets from acquisitions are booked at fair value at the time of acquisition. This includes items such as technology, brand and customer relationships. Brand value/trademarks are not depreciated, but they are tested annually for impairment along with goodwill. The other items are depreciated throughout their estimated life cycle. Development costs Product development costs and research into new products and maintenance of existing products are expensed as costs. The expenses include in-house payroll costs and outsourced services. The expenses are reduced with any government grants received related to this development. Government grants (Skattefunn) are recognised where there is reasonable assurance that the grant will be received. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-296": { "value": "Intangible assets Intangible assets are recognized at their cost price, less any accumulated write-downs and amortisation, and are considered periodically for impairment in the case of a fall in value. Any losses in relation to fall in value are recognized as operating costs. Economic life is either specific or indefinite. Intangible assets with specific lives are amortized over economic life and tested for impairment when there are indications on this. The depreciation method and -period are considered at least yearly. Changes in depreciation method and -period are treated as changes in estimates. Intangible assets with indefinite lives are impairment tested at least yearly, either individually or as part of a cash-generating unit. Intangible assets with indefinite lives are not amortized. The lifetime is considered yearly with regard to whether the assumption of an indefinite useful life can be defended. Goodwill and other intangible assets from acquisitions Any differences between the acquisition compensation and the fair value of net identifiable acquired assets are classified as goodwill. In the case of gradual acquisitions made in stages, former assets are valued at fair value at the time of acquisition. Any alterations related to booked value on former assets are recognized in the statement of other comprehensive income. On the balance sheet date, or when there are indications of impairment, the group evaluates the book value of the goodwill. Expensing of loss due to fall in value is recognized if the recoverable amount related to the entity in question falls below book value of the entity included goodwill. Negative goodwill related to acquisitions is realized immediately as income on the date of acquisition Goodwill is not depreciated but evaluated through impairment tests. Identifiable intangible assets from acquisitions are booked at fair value at the time of acquisition. This includes items such as technology, brand and customer relationships. Brand value/trademarks are not depreciated, but they are tested annually for impairment along with goodwill. The other items are depreciated throughout their estimated life cycle. Development costs Product development costs and research into new products and maintenance of existing products are expensed as costs. The expenses include in-house payroll costs and outsourced services. The expenses are reduced with any government grants received related to this development. Government grants (Skattefunn) are recognised where there is reasonable assurance that the grant will be received. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-333": { "value": "Goodwill and other intangible assets from acquisitions Any differences between the acquisition compensation and the fair value of net identifiable acquired assets are classified as goodwill. In the case of gradual acquisitions made in stages, former assets are valued at fair value at the time of acquisition. Any alterations related to booked value on former assets are recognized in the statement of other comprehensive income. On the balance sheet date, or when there are indications of impairment, the group evaluates the book value of the goodwill. Expensing of loss due to fall in value is recognized if the recoverable amount related to the entity in question falls below book value of the entity included goodwill. Negative goodwill related to acquisitions is realized immediately as income on the date of acquisition Goodwill is not depreciated but evaluated through impairment tests. Identifiable intangible assets from acquisitions are booked at fair value at the time of acquisition. This includes items such as technology, brand and customer relationships. Brand value/trademarks are not depreciated, but they are tested annually for impairment along with goodwill. The other items are depreciated throughout their estimated life cycle. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-345": { "value": "Development costs Product development costs and research into new products and maintenance of existing products are expensed as costs. The expenses include in-house payroll costs and outsourced services. The expenses are reduced with any government grants received related to this development. Government grants (Skattefunn) are recognised where there is reasonable assurance that the grant will be received. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-251": { "value": "Inventories Inventories are measured at its acquisition cost or net realizable value, whichever is lower. The acquisition cost of inventories is based on the \u201cfirst in, first out method\u201d (FIFO) and includes costs in relation to the acquisition, the cost of production or reworking, as well as any other cost of bringing the inventories to its present location and condition. The net realizable value is the estimated sale price under ordinary condition less the estimated cost of preparation and completion at the transfer date. Provisions for obsolescence are, where possible, made on an individual basis. If it is not possible to carry out an individual assessment, provisions for obsolescence are made based on the current inventory turnover rate. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-252": { "value": "Accounts receivables For account receivables, the Group applies a simplified approach in calculating Expected credit losses (ECL). Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The carrying amount of the asset is reduced using an allowance account and the amount of the loss is recognized in the income statement. Provisions are made when there is objective evidence that the Group will not be able to collect the debts. Bad debts are written off when identified. It should, in minimum, be made provisions for: 50% of the amounts ex VAT that has been due for 3 months or more, 80% of the amounts ex VAT that has been due for 6 months or more, 100% of the amounts ex VAT that has been due for 12 months or more. Changes in provision are booked as other operating expenses. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-253": { "value": "Cash and cash equivalents Cash includes cash in hand and cash deposits in banks. Cash equivalents are held for the purpose of meeting short-term commitments rather than for investment or other purposes. For an investment to qualify as a cash equivalent it must be readily convertible to a known amount of cash and be subject to an insignificant risk of change in value. Therefore, an investment normally qualifies as a cash equivalent only when it has a short maturity of three months or less from the date of acquistion. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-254": { "value": "Pension commitments, bonus schemes and other staff compensation schemes (a) Pension commitments The employees in StrongPoint have pension schemes in line with local statutory and obligatory company pension schemes, and are in general recognized as a defined contribution plan. (b) Bonus schemes The group recognizes a provision and a cost for bonus schemes. The group recognizes a provision where there are contractual obligations or a precedent that generates a self-imposed obligation. (c) Share program The Group has a share program for the executive management where the CEO has the opportunity to buy shares for up to NOK 1,000,000 per year with 20% discount with a 3 years lock-in period and the other members have the opportunity to buy shares for up to NOK 500,000 per year with 20% discount with a 3 years lock-in period. In addition, all permanent employees in a StrongPoint legal entity, are offered to buy shares for up to NOK 35,000 per year with a 20% discount. The eployees can chose to participate in the share program where shares will be allocated 4 times per year and the discount is deducted in the monthly salary deduction, or the employee can buy the shares themselves and get 20% of the amount refunded on their next salary. The discount is recognized as a personnel cost. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-297": { "value": "(c) Share program The Group has a share program for the executive management where the CEO has the opportunity to buy shares for up to NOK 1,000,000 per year with 20% discount with a 3 years lock-in period and the other members have the opportunity to buy shares for up to NOK 500,000 per year with 20% discount with a 3 years lock-in period. In addition, all permanent employees in a StrongPoint legal entity, are offered to buy shares for up to NOK 35,000 per year with a 20% discount. The eployees can chose to participate in the share program where shares will be allocated 4 times per year and the discount is deducted in the monthly salary deduction, or the employee can buy the shares themselves and get 20% of the amount refunded on their next salary. The discount is recognized as a personnel cost. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-255": { "value": "Revenue recognition Income from the sale of products and services is stated at its fair value, net after deductions for value added tax, returns, reductions and discounts. Intercompany sales are eliminated. Revenue from the sale of products is recorded when an entity within the group has delivered the products to the customer, the customer has accepted the product and the customer\u2019s ability to settle the account has been satisfactory confirmed. Services are recorded as income based on the number of hours supplied. Long-term service and license agreements are recognized linearly over the contracted period. The Group\u2019s sales of products and services are considered to be separate performance obligations according to IFRS 15. The assessment is supported by independence between product sales and sales of services and that both types of sales are based on market prices without cross-subsidisation. The performance obligation related to the sale of products is fulfilled upon installation by the customer (at a point in time) and the performance obligation related to service agreements is fulfilled on a linear basis over the contract period (over time). ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-298": { "value": "Tax Tax expenses are linked to the recorded profit and comprise of tax payable and changes in deferred tax. Deferred tax is calculated on temporary differences between the taxable value and consolidated accounting value of assets and debts, with the exception of goodwill, which is not tax deductible. Deferred tax is calculated by applying tax according to local tax legislation, on the balance sheet date and that are expected to be applied when the deferred tax asset is realized or when the deferred tax is settled. Positive and negative differences are offset against each other. Deferred tax assets are recognized on the balance sheet to the extent that it is likely that future taxable earnings will be present and the temporary differences can be deducted from these earnings. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-256": { "value": "Tax Tax expenses are linked to the recorded profit and comprise of tax payable and changes in deferred tax. Deferred tax is calculated on temporary differences between the taxable value and consolidated accounting value of assets and debts, with the exception of goodwill, which is not tax deductible. Deferred tax is calculated by applying tax according to local tax legislation, on the balance sheet date and that are expected to be applied when the deferred tax asset is realized or when the deferred tax is settled. Positive and negative differences are offset against each other. Deferred tax assets are recognized on the balance sheet to the extent that it is likely that future taxable earnings will be present and the temporary differences can be deducted from these earnings. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-257": { "value": "Equity and cost of equity Debts and equity Financial instruments are classified as debt or equity in accordance with the signed agreement. Interest, dividends, profits and losses related to a financial instrument classified as debts are reported as costs or income. Dividend to StrongPoint shareholders classified as equity will be recognized directly against the equity. Cost of equity transactions Transaction costs directly linked to an equity transaction are recognized directly through equity after the deduction of tax. Share option program IFRS cost related to share options is booked against equity and social security expenses related to the options are booked as provisions. The equity-settled share-based option program is as part of the total remuneration plan for the Group management team. The option program is designed to align and incentivize management performance with shareholder value creation and to attract and retain high calibre executive management and key personnel. The share options will be allocated to the Participants based on company- and individual goal achievement, and at the Board\u2019s discretion. The Board will take into consideration the company\u2019s goals and strategies as well as targeted performance for executive management, when granting options. The option plan is a performance-based remuneration scheme reflecting the underlying long-term value creation of the company. The limits for the allocation of share options to the Participants is determined by the board, within the board mandates approved by the general meeting. The option scheme will be granted with a strike price equal to the market price at grant. The options will vest over three years, with \u00bc vesting after one year, \u00bc after two years, and the remaining 2/4 after three years. Any non-exercised options expire five years after grant. If an employee leave the company before the end of the vesting period, the employee will not vest more options. ", "dimensions": { "concept": "strongpoint:DescriptionOfAccountingPolicyForEquityAndCostOfEquity", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-299": { "value": "Debts and equity Financial instruments are classified as debt or equity in accordance with the signed agreement. Interest, dividends, profits and losses related to a financial instrument classified as debts are reported as costs or income. Dividend to StrongPoint shareholders classified as equity will be recognized directly against the equity. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-258": { "value": "Provisions A provision is recognized when the group has an obligation (legal or constructive) resulting from a previous event if it is likely that there will be a financial settlement as a result of this obligation, and if the size of the amount can be reliably measured. If the effect is significant the provision is calculated by expected future cash flow and, if relevant, any risks specifically linked to the obligation. Provisions for warranties are recognized when the underlying products and services are sold. The provisions are based on historic warranty cost weighted with probability. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-259": { "value": "Financial instruments Financial assets Initial recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortised cost and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Subsequent measurement For purposes of subsequent measurement, financial assets are classified in two categories: \u2022 Financial assets at amortised cost (debt instruments) \u2022 Financial assets at fair value through profit or loss Financial assets at amortised cost (debt instruments) Financial assets at amortised cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. Financial assets at fair value through profit or loss Financial assets at fair value are carried in the balance sheet at fair value with net changes in fair value recognised in the statement of profit or loss . Financial liabilities Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings and payables. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Group\u2019s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, and derivative financial instruments. Subsequent measurement For purposes of subsequent measurement, financial liabilities are classified in two categories: \u2022 Financial liabilities at fair value through profit or loss \u2022 Financial liabilities at amortised cost (loans and borrowings) Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities at amortised cost (loans and borrowings) This is the category most relevant to the Group. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective interest rate method. Gains and losses are recognised in profit or loss when the liabilities are derecognised as well as through the effective interest rate amortisation process ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-300": { "value": "Financial assets Initial recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortised cost and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Subsequent measurement For purposes of subsequent measurement, financial assets are classified in two categories: \u2022 Financial assets at amortised cost (debt instruments) \u2022 Financial assets at fair value through profit or loss Financial assets at amortised cost (debt instruments) Financial assets at amortised cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. Financial assets at fair value through profit or loss Financial assets at fair value are carried in the balance sheet at fair value with net changes in fair value recognised in the statement of profit or loss ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-319": { "value": "Financial assets at fair value through profit or loss Financial assets at fair value are carried in the balance sheet at fair value with net changes in fair value recognised in the statement of profit or loss . Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-301": { "value": ". Financial liabilities Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings and payables. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Group\u2019s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, and derivative financial instruments. Subsequent measurement For purposes of subsequent measurement, financial liabilities are classified in two categories: \u2022 Financial liabilities at fair value through profit or loss \u2022 Financial liabilities at amortised cost (loans and borrowings) Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities at amortised cost (loans and borrowings) This is the category most relevant to the Group. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective interest rate method. Gains and losses are recognised in profit or loss when the liabilities are derecognised as well as through the effective interest rate amortisation process ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-260": { "value": ". Borrowing costs Borrowing costs are recorded when the borrowing costs occurs. Borrowing costs are capitalized when directly related to the purchase or manufacture of a qualifying asset. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-261": { "value": "Government grants Government grants are recognized if there are resonable assurance that the company will meet the criteria of the grant and the grant will be awarded. The recognition of operating grants shall be recognized systematically during the grant period. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-262": { "value": "Fixed assets held for sale and discontinued operations Fixed assets and groups of fixed assets and debts are classified as held for sale if the carrying amount primarily can be recovered through a sales transaction rather than continued use. Fixed assets classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell. Costs to sell are the incremental costs directly attributable to the disposal of an asset (disposal group), excluding finance costs and income tax expense. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-263": { "value": "Cash flow statement The cash flow statement is presented using the indirect method. The Group\u2019s activities are divided into operational, financing and investment activities. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-302": { "value": "New standards and interpretations The company has not implemented new principles for 2022 that have had a significant effect on the accounts.There are no new standards not yet taken into use that is expected to materially impact the financial statements for StrongPoint. ", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-264": { "value": "New standards and interpretations The company has not implemented new principles for 2022 that have had a significant effect on the accounts.There are no new standards not yet taken into use that is expected to materially impact the financial statements for StrongPoint. ", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-320": { "value": "Note 3: Segment information The segment information is based on reported revenues, EBITDA, EBT and assets for the legal entities included in the segment, with eliminations of internal items within the segment. Intra-group items are included in the column Eliminations. Eliminations consists of internal sales with associated costs, intercompany balances, goodwill, intangible assets and other group postings. Internal sales are based on market prices. Management fee invoiced from StrongPoint ASA to subsidiaries are not included in the segment statements. Segments Due to sale of the Cash Security business area in December 2020 and the Label business area in 2021, the Group has identified new segments effective from the 1st quarter 2022: Nordics and Rest of Europe incl. R&D. The financial statement also include revenue information for core markets and product information in the current reporting. Following the acquisition of Air Link Group Ltd, the geographic segment Rest of Europe incl. R&D increased with \u201dUK&Ireland\u201d, and the product information segments added the sub-segment \u201dShop Fitting\u201d reflecting the majority of the operations for Air Link Group. The Group delivers proprietary solutions within In-store Productivity, E-commerce, Payment Solutions and Checkout Efficiency, as well as tailor-made retail solutions from leading third-party suppliers, including Pricer Electronic Shelf Labels (ESL), POS, ERP and Digi scales and wrapping systems. The group management has in the fiscal year 2022 governed the business based on reported sales revenues, EBITDA and EBIT for the two business areas Nordics and Rest of Europe incl. R&D. KNOK 2022 2021 - Product sale 338 955 283 930 - Service 87 218 81 963 In-store Productivity 426 173 365 893 - Product sale 164 642 102 317 - Service 119 953 122 172 Payment Solutions 284 595 224 489 - Product sale 115 900 116 109 - Service 39 405 34 190 Check Out Efficiency 155 306 150 298 - Product sale 53 417 64 867 - Service 41 045 43 204 E-commerce logistics 94 461 108 070 - Product sale - - - Service 241 311 - Shop Fitting 241 311 - - Product sale 85 902 63 600 - Service 84 644 68 988 Other retail technology 170 545 132 632 - Product sale 758 815 630 822 - Service 613 577 350 516 Total sales revenue 1 372 392 981 339 Revenue per product segment Segment and geographical information Nordics Rest of Europe incl. R&D ASA/Elim Consolidated KNOK 2022 2021 2022 2021 2022 2021 2022 2021 - Product sale 269 709 248 283 269 709 248 283 - Service 116 385 113 138 116 385 113 138 Norway 386 093 361 420 386 093 361 420 - Product sale 225 058 191 709 - 7 170 225 058 184 539 - Service 132 916 142 238 132 916 142 238 Sweden 357 974 333 947 -7 170 357 974 326 777 - Product sale 100 241 94 109 100 241 94 109 - Service 100 368 79 423 100 368 79 423 Baltic 204 610 173 532 204 610 173 532 - Product sale 60 196 53 728 60 196 53 728 - Service 16 556 13 796 16 556 13 796 Spain 76 752 67 524 76 752 67 524 - Product sale - - - Service 241 311 241 311 - UK & Ireland 241 311 241 311 - - Product sale 103 611 50 163 103 611 50 163 - Service 2 040 1 923 2 040 1 923 Rest of Europe 105 652 52 085 105 652 52 085 - Product sale 494 767 439 992 264 048 198 000 - 7 170 758 815 630 872 - Service 249 301 255 376 364 276 95 141 613 577 350 516 Total sales revenue 744 068 695 368 628 325 293 141 -7 170 1 372 392 981 339 EBITDA 67 224 77 030 53 868 14 596 -45 553 -38 001 75 540 53 625 EBT 59 524 66 021 21 141 -1 942 -42 499 -38 180 38 165 25 899 Assets 387 016 384 416 398 513 293 928 200 111 168 189 985 640 846 533 Liabilities 178 741 198 442 315 804 181 813 -16 111 -31 913 478 433 348 343 Working capital 231 260 215 582 154 117 85 934 -26 744 -16 603 358 632 284 913 Investment fixed assets 840 169 10 278 2 458 27 6 167 11 144 8 794 EBITDA is operating profit before depreciation, amortization interest and tax. EBT is profit before tax. Working capital is inventory plus accounts receivables minus accounts payables. There are no customers that represent 10% or more of revenues in the individual business areas in 2022 and 2021. Revenue per customer is based on sales per legal entities. The comparison figures are restated, but does not include UK/Ireland which was acquired in June 2022. ", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-265": { "value": "Note 3: Segment information The segment information is based on reported revenues, EBITDA, EBT and assets for the legal entities included in the segment, with eliminations of internal items within the segment. Intra-group items are included in the column Eliminations. Eliminations consists of internal sales with associated costs, intercompany balances, goodwill, intangible assets and other group postings. Internal sales are based on market prices. Management fee invoiced from StrongPoint ASA to subsidiaries are not included in the segment statements. Segments Due to sale of the Cash Security business area in December 2020 and the Label business area in 2021, the Group has identified new segments effective from the 1st quarter 2022: Nordics and Rest of Europe incl. R&D. The financial statement also include revenue information for core markets and product information in the current reporting. Following the acquisition of Air Link Group Ltd, the geographic segment Rest of Europe incl. R&D increased with \u201dUK&Ireland\u201d, and the product information segments added the sub-segment \u201dShop Fitting\u201d reflecting the majority of the operations for Air Link Group. The Group delivers proprietary solutions within In-store Productivity, E-commerce, Payment Solutions and Checkout Efficiency, as well as tailor-made retail solutions from leading third-party suppliers, including Pricer Electronic Shelf Labels (ESL), POS, ERP and Digi scales and wrapping systems. The group management has in the fiscal year 2022 governed the business based on reported sales revenues, EBITDA and EBIT for the two business areas Nordics and Rest of Europe incl. R&D. KNOK 2022 2021 - Product sale 338 955 283 930 - Service 87 218 81 963 In-store Productivity 426 173 365 893 - Product sale 164 642 102 317 - Service 119 953 122 172 Payment Solutions 284 595 224 489 - Product sale 115 900 116 109 - Service 39 405 34 190 Check Out Efficiency 155 306 150 298 - Product sale 53 417 64 867 - Service 41 045 43 204 E-commerce logistics 94 461 108 070 - Product sale - - - Service 241 311 - Shop Fitting 241 311 - - Product sale 85 902 63 600 - Service 84 644 68 988 Other retail technology 170 545 132 632 - Product sale 758 815 630 822 - Service 613 577 350 516 Total sales revenue 1 372 392 981 339 Revenue per product segment Segment and geographical information Nordics Rest of Europe incl. R&D ASA/Elim Consolidated KNOK 2022 2021 2022 2021 2022 2021 2022 2021 - Product sale 269 709 248 283 269 709 248 283 - Service 116 385 113 138 116 385 113 138 Norway 386 093 361 420 386 093 361 420 - Product sale 225 058 191 709 - 7 170 225 058 184 539 - Service 132 916 142 238 132 916 142 238 Sweden 357 974 333 947 -7 170 357 974 326 777 - Product sale 100 241 94 109 100 241 94 109 - Service 100 368 79 423 100 368 79 423 Baltic 204 610 173 532 204 610 173 532 - Product sale 60 196 53 728 60 196 53 728 - Service 16 556 13 796 16 556 13 796 Spain 76 752 67 524 76 752 67 524 - Product sale - - - Service 241 311 241 311 - UK & Ireland 241 311 241 311 - - Product sale 103 611 50 163 103 611 50 163 - Service 2 040 1 923 2 040 1 923 Rest of Europe 105 652 52 085 105 652 52 085 - Product sale 494 767 439 992 264 048 198 000 - 7 170 758 815 630 872 - Service 249 301 255 376 364 276 95 141 613 577 350 516 Total sales revenue 744 068 695 368 628 325 293 141 -7 170 1 372 392 981 339 EBITDA 67 224 77 030 53 868 14 596 -45 553 -38 001 75 540 53 625 EBT 59 524 66 021 21 141 -1 942 -42 499 -38 180 38 165 25 899 Assets 387 016 384 416 398 513 293 928 200 111 168 189 985 640 846 533 Liabilities 178 741 198 442 315 804 181 813 -16 111 -31 913 478 433 348 343 Working capital 231 260 215 582 154 117 85 934 -26 744 -16 603 358 632 284 913 Investment fixed assets 840 169 10 278 2 458 27 6 167 11 144 8 794 EBITDA is operating profit before depreciation, amortization interest and tax. EBT is profit before tax. Working capital is inventory plus accounts receivables minus accounts payables. There are no customers that represent 10% or more of revenues in the individual business areas in 2022 and 2021. Revenue per customer is based on sales per legal entities. The comparison figures are restated, but does not include UK/Ireland which was acquired in June 2022. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-303": { "value": "Segment and geographical information Nordics Rest of Europe incl. R&D ASA/Elim Consolidated KNOK 2022 2021 2022 2021 2022 2021 2022 2021 - Product sale 269 709 248 283 269 709 248 283 - Service 116 385 113 138 116 385 113 138 Norway 386 093 361 420 386 093 361 420 - Product sale 225 058 191 709 - 7 170 225 058 184 539 - Service 132 916 142 238 132 916 142 238 Sweden 357 974 333 947 -7 170 357 974 326 777 - Product sale 100 241 94 109 100 241 94 109 - Service 100 368 79 423 100 368 79 423 Baltic 204 610 173 532 204 610 173 532 - Product sale 60 196 53 728 60 196 53 728 - Service 16 556 13 796 16 556 13 796 Spain 76 752 67 524 76 752 67 524 - Product sale - - - Service 241 311 241 311 - UK & Ireland 241 311 241 311 - - Product sale 103 611 50 163 103 611 50 163 - Service 2 040 1 923 2 040 1 923 Rest of Europe 105 652 52 085 105 652 52 085 - Product sale 494 767 439 992 264 048 198 000 - 7 170 758 815 630 872 - Service 249 301 255 376 364 276 95 141 613 577 350 516 Total sales revenue 744 068 695 368 628 325 293 141 -7 170 1 372 392 981 339 EBITDA 67 224 77 030 53 868 14 596 -45 553 -38 001 75 540 53 625 EBT 59 524 66 021 21 141 -1 942 -42 499 -38 180 38 165 25 899 Assets 387 016 384 416 398 513 293 928 200 111 168 189 985 640 846 533 Liabilities 178 741 198 442 315 804 181 813 -16 111 -31 913 478 433 348 343 Working capital 231 260 215 582 154 117 85 934 -26 744 -16 603 358 632 284 913 Investment fixed assets 840 169 10 278 2 458 27 6 167 11 144 8 794 EBITDA is operating profit before depreciation, amortization interest and tax. EBT is profit before tax. Working capital is inventory plus accounts receivables minus accounts payables. There are no customers that represent 10% or more of revenues in the individual business areas in 2022 and 2021. Revenue per customer is based on sales per legal entities. The comparison figures are restated, but does not include UK/Ireland which was acquired in June 2022. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-266": { "value": "
Note 4: Changes in the group structure
Acquisition of Air Link Group Ltd with subsidiaries
June 1, 2022, StrongPoint ASA acquired 100% of the shares in Air Link Group Ltd with subsidiaries.
UK has been identified as a very interesting market for StrongPoint solutions. The online grocery
penetration is higher than in the rest of Europe, putting constantly pressure on the profit margins in
the brick-and-mortar stores.
ALS has 25 years of experience handling installation, service, construction and refurbishment for
large grocery retailers in UK and Ireland. In the 2025 strategy, sale of StrongPoint solutions to this
region was included, but it was estimated that the installation and service were to be handled by a
sub-supplier. The ALS acquisition enables StrongPoint to include this revenue as part of the 2025
ordinary business. It also enables StrongPoint to have access to the largest grocery retail customers,
making it easier to access and sell StrongPoints own solutions with comfort that the
business critical systems will be supported by on-the-ground resources.
The purchase price allocation was based on balance sheet per December 31, 2021. Final purchase
price was calculated based on balance sheet per May 31, 2022.
The purchase price was paid by 80% cash and 20% shares in StrongPoint ASA. 50% of the shares
was issued as new shares, and 50% was allocated from treasury.
There are identified additional value related to customers of KNOK 56,000 and branding of KNOK
10,000. The additional value for customers will be written off over 7 years and the additional value for
branding will be written off over 5 years.
Included in the value of goodwill is employees with special skills and expected synergies with
StrongPoint\u2019s existing business. These intangible assets do not meet the recognition criteria in IAS 38
and are therefore not recorded separately. Recorded goodwill is allocated to the cash-generating unit
ALS. Goodwill is not amortized. However, it is subject to impairment tests annually.
The table to the right shows the statement of financial position for the business combination in line
with IFRS 3.
KNOK
Assets
Deferred tax assets 27
Fixed assets 2 018
Leased assets 38 854
Other investments 389
Cash and cash equivalents 4 973
Receivables 54 644
Inventories 18 649
119 554
Liabilities
Leasing liabilities -38 854
Accounts payable -35 330
Other short term debt -16 068
-90 252
Net identifiable assets at fair value 29 302
Branding 10 000
Customers relations 56 000
Goodwill 37 673
Deferred tax assets -16 500
Purchase amount 116 475
Cash 93 646
Shares in StrongPoint 22 830
Purchase amount 116 476
Paid in cash 93 646
Cash received -4 951
Net cash out 88 695
Allocation of excess values related to acquisition in 2022
distributed as follows:
The acquired companies contributed with the following revenue and profit before tax
for the period between the acquisition and 31.12.2022:
KNOK
Revenue 241 268
Profit before tax 25 371
If the acquisitions had been completed as at 01.01.2022, the Group\u2019s total revenue
and ordinary profit before tax had been:
KNOK
Revenue 1 490 690
Profit before tax 41 659
The acquisition costs regarding ALS amounted to KNOK 6,696 and are booked as Opex.
Discontinued operations
StrongPoint Labels business area was divested in June 2021 through an acquisition done by the
Swedish company Volati Tryck Holding AB. The business area constituted of StrongPoint Labels AB
in Malm\u00f6, Sweden, and parts of the Norwegian legal entity StrongPoint AS which was demerged into
StrongPoint Labels AS in Q3 2021.The Swedish part of the transaction was closed July 1 and the
Norwegian part was closed September 1. The transaction led to a net gain of 163.4 MNOK included in
the line Profit after tax from discontinued operations in the P&L.
Following IFRS, the financial figures for the business areas are reported as \u201cProfit from discontinued
operations below tax in the financial statement and removed from the comparison figures in other P&L
tables.
Calculation of profit Labels Business area 2021
Payment 226 576
Sales costs / advisors -4 485
Book value equity -58 703
Profit 163 389
KNOK 2021
Operating revenue 110 144
Cost of goods sold 53 177
Payroll 31 766
Other operating expenses 9 690
Total operating expenses 94 633
EBITDA 15 512
Depreciation tangible assets 7 090
Depreciation intangible assets 221
EBIT 8 201
Interest expenses 339
Other financial expenses/currency differences 1 495
Profit on sale of discontinued operations 163 389
EBT 169 755
Taxes 1 337
Profit from discontinued operations 168 418
Profit from discontinued operations
Cash Flow from discontinued operations
KNOK 2021
Cash flow from operational activities 5 487
Cash flow from investment activities -1 895
Cash flow from financing activities -6 156
Net Change in liquid assets -2 563
Cash and cash equivalents at the start of the peri 29 251
Cash and cash equivalents at the end of the period 26 687
", "dimensions": { "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-304": { "value": "Note 4: Changes in the group structure Acquisition of Air Link Group Ltd with subsidiaries June 1, 2022, StrongPoint ASA acquired 100% of the shares in Air Link Group Ltd with subsidiaries. UK has been identified as a very interesting market for StrongPoint solutions. The online grocery penetration is higher than in the rest of Europe, putting constantly pressure on the profit margins in the brick-and-mortar stores. ALS has 25 years of experience handling installation, service, construction and refurbishment for large grocery retailers in UK and Ireland. In the 2025 strategy, sale of StrongPoint solutions to this region was included, but it was estimated that the installation and service were to be handled by a sub-supplier. The ALS acquisition enables StrongPoint to include this revenue as part of the 2025 ordinary business. It also enables StrongPoint to have access to the largest grocery retail customers, making it easier to access and sell StrongPoints own solutions with comfort that the business critical systems will be supported by on-the-ground resources. The purchase price allocation was based on balance sheet per December 31, 2021. Final purchase price was calculated based on balance sheet per May 31, 2022. The purchase price was paid by 80% cash and 20% shares in StrongPoint ASA. 50% of the shares was issued as new shares, and 50% was allocated from treasury. There are identified additional value related to customers of KNOK 56,000 and branding of KNOK 10,000. The additional value for customers will be written off over 7 years and the additional value for branding will be written off over 5 years. Included in the value of goodwill is employees with special skills and expected synergies with StrongPoint\u2019s existing business. These intangible assets do not meet the recognition criteria in IAS 38 and are therefore not recorded separately. Recorded goodwill is allocated to the cash-generating unit ALS. Goodwill is not amortized. However, it is subject to impairment tests annually. The table to the right shows the statement of financial position for the business combination in line with IFRS 3. KNOK Assets Deferred tax assets 27 Fixed assets 2 018 Leased assets 38 854 Other investments 389 Cash and cash equivalents 4 973 Receivables 54 644 Inventories 18 649 119 554 Liabilities Leasing liabilities -38 854 Accounts payable -35 330 Other short term debt -16 068 -90 252 Net identifiable assets at fair value 29 302 Branding 10 000 Customers relations 56 000 Goodwill 37 673 Deferred tax assets -16 500 Purchase amount 116 475 Cash 93 646 Shares in StrongPoint 22 830 Purchase amount 116 476 Paid in cash 93 646 Cash received -4 951 Net cash out 88 695 Allocation of excess values related to acquisition in 2022 distributed as follows: The acquired companies contributed with the following revenue and profit before tax for the period between the acquisition and 31.12.2022: KNOK Revenue 241 268 Profit before tax 25 371 If the acquisitions had been completed as at 01.01.2022, the Group\u2019s total revenue and ordinary profit before tax had been: KNOK Revenue 1 490 690 Profit before tax 41 659 The acquisition costs regarding ALS amounted to KNOK 6,696 and are booked as Opex. Discontinued operations StrongPoint Labels business area was divested in June 2021 through an acquisition done by the Swedish company Volati Tryck Holding AB. The business area constituted of StrongPoint Labels AB in Malm\u00f6, Sweden, and parts of the Norwegian legal entity StrongPoint AS which was demerged into StrongPoint Labels AS in Q3 2021.The Swedish part of the transaction was closed July 1 and the Norwegian part was closed September 1. The transaction led to a net gain of 163.4 MNOK included in the line Profit after tax from discontinued operations in the P&L. Following IFRS, the financial figures for the business areas are reported as \u201cProfit from discontinued operations below tax in the financial statement and removed from the comparison figures in other P&L tables. Calculation of profit Labels Business area 2021 Payment 226 576 Sales costs / advisors -4 485 Book value equity -58 703 Profit 163 389 KNOK 2021 Operating revenue 110 144 Cost of goods sold 53 177 Payroll 31 766 Other operating expenses 9 690 Total operating expenses 94 633 EBITDA 15 512 Depreciation tangible assets 7 090 Depreciation intangible assets 221 EBIT 8 201 Interest expenses 339 Other financial expenses/currency differences 1 495 Profit on sale of discontinued operations 163 389 EBT 169 755 Taxes 1 337 Profit from discontinued operations 168 418 Profit from discontinued operations Cash Flow from discontinued operations KNOK 2021 Cash flow from operational activities 5 487 Cash flow from investment activities -1 895 Cash flow from financing activities -6 156 Net Change in liquid assets -2 563 Cash and cash equivalents at the start of the peri 29 251 Cash and cash equivalents at the end of the period 26 687 ", "dimensions": { "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-343": { "value": "
Note 5: Other operating expenses
KNOK 2022 2021
Short term rent, electricity, cleaning 13 242 7 251
Vehicles 11 473 8 677
Other consultancy fees 51 414 35 131
IT 21 018 22 311
Travel 8 632 4 138
Marketing 10 044 8 763
Other costs 19 152 20 014
Total
1)
134 976 106 285
Specification of recognized auditors fee: 2022 2021
Fee for auditing services 2 365 2 211
Fee for tax advise 14 12
Fee for other services 292 40
Total
2)
2 671 2 263
1) 60% of the increased operating costs are from Air Link Group Ltd. The other 40% is to a large extent caused by inflation.
2) Of which TNOK 302 applies to auditors other than EY. Auditors fee are exclusive of VAT, with the exception of
transaction expenses .
Note 9: Payroll costs and number of employees KNOK 2022 2021 Salaries 224 046 187 08 9 Severance packages 537 1 401 Director\u2019s fee and Nomination Committee 1 958 1 825 Social fee 39 092 37 357 Pension costs 13 429 12 917 Other payroll costs 26 781 14 558 Total payroll costs 305 842 255 147 Number of full-time employees employed during the year: 472 39 5 Number of full-time employees at the end of the year: 511 400 The employees in StrongPoint have pension schemes in line with local statutory and obligatory company pension schemes, and are recognized as a defined contribution plan. Salaries and remuneration for Executive Management Team and Directors KNOK 2022 2021 Board of Directors Directors fee 1 834 1 777 Executive Management Team Salaries 17 424 13 241 Bonus 4 902 2 249 Company car 919 709 Other remuneration 1 102 56 Pension 1 298 1 044 Total salaries and remuneration 27 479 19 075 The following members of the Executive Management Team and Board of Directors own shares or share options in the company per 31.12: Name, position Shares per 31.12.22 Shares per 31.12.21 Options per 31.12.22 Options per 31.12.21 Board of Directors Morthen Johannessen, Chairman 1) 105 662 100 047 Klaus de Vibe, Director 2) 92 491 89 683 Camilla Tepfers, former Director 11 023 Peter Wir\u00e9n, Director 33 345 26 666 Ingeborg Molden Hegstad, Director 3) 22 365 19 557 Cathrine Laksfoss, Director 1 974 - Total 255 837 246 976 - - 1) Morthen Johannessen ownes the shares privatly and through the company Motri AS. 2) Klaus de Vibe ownes the shares privatly and through the company De Vibe AS. 3) Ingeborg Molden Hegstad ownes the shares privatly and through the company Imsight AS. 4) Jacob Tveraabak ownes the shares privately and through the company Celo Industries AS. Name, position Shares per 31.12.22 Shares per 31.12.21 Options per 31.12.22 Options per 31.12.21 Executive Management Team Jacob Tveraabak, CEO 4) 212 246 206 000 600 000 450 000 Hilde Gilen, CFO 53 827 49 573 93 750 225 000 Knut Olav Nyhus Olsen, SVP People & Organisation, and head of Marketing and Internal Communication 13 814 10 839 225 000 150 000 Gisle Elvebakken, SVP Norway 39 329 26 032 250 000 150 000 Julius Stulpinas, SVP Technology & supply chain 31 094 25 296 225 000 150 000 Rimantas Ma\u017eulis, SVP Baltics 22 806 19 034 225 000 150 000 Lorena G\u00f3mez, SVP Spain 5 350 2 139 125 000 50 000 Chris Mackie, SVP E-commerce 15 936 75 000 Magnus Ros\u00e9n, SVP Sweden 9 000 75 000 Steve Smith, SVP UK & Ireland - 75 000 Total 403 402 338 913 1 968 750 1 325 000 Members of the Extended Group Management Team and key employees have stock options: Total costs and Social Security Provisions (KNOK) 2022 2021 Total IFRS cost 5 420 5 441 Total Social security provisions - 341 737 5 079 6 178 Granted instruments 2022 2021 Instrument Option Option Quantity 31.12.2022 (instruments) 1 100 000 1 075 000 Quantity 31.12.2022 (shares) 1 100 000 1 075 000 Contractual life* 5,00 5,00 Strike price* 22,55 31,13 Share price* 22,25 31,40 Expected lifetime* 3,25 3,25 Volatility* 43,26% 40,55% Interest rate* 2,599% 0,713% Dividend* 0,00 0,00 FV per instrument* 7,21 9,21 *Weighted average parameters at grant of instrument. Outstanding instruments Year End - Option Quantity and weighted average prices Activity Number of instruments 01.01.2022 - 31.12.2022 Weighted Average Strike Price Outstanding OB (01.01.2022) 2 075 000 24,14 Granted 1 100 000 22,55 Exercised 1 - 50 000 17,31 Released 0 0,00 Adjusted 0 0,00 Performance Adjusted 0 0,00 Cancelled 0 0,00 Terminated - 456 250 24,53 Expired 0 0,00 Outstanding CB (31.12.2022) 2 668 750 23,54 Vested CB 681 250 22,00 1) Exercised share price NOK 23.53 Outstanding Instruments Overview Strike price Number of instruments Weighted Average remaining contractual life Weighted Average Strike Price Vested instruments 31.12.2022 Weighted Average Strike Price Outstanding Instruments Vested Instruments 17,31 850 000 2,84 17,31 450 000 17,31 20,53 125 000 4,44 20,53 0 0,00 22,81 862 500 4,36 22,81 0 0,00 31,13 831 250 3,35 31,13 231 250 31,13 2 668 750 681 250 Method of valuation: The fair value of share options granted is estimated at the date of grant using the Black-Scholes- Merton Option Pricing Model. The model uses the following parameters; the exercise price, the life of the option, the current price of the underlying shares, the expected volatility of the share price, the dividends expected on the shares, and the risk-free interest rate for the life of the option. The measure of volatility used in the option pricing models is the annulised standard deviation of the continuously compounded rates of return on the share over a period of time. Vesting requirements: The vesting of the options is dependent on the participant still being employed at Strongpoint at the time of the vesting. Method of settlement: All StrongPoint ASA options are intended to be settled in equity, but in the event that the Company is not capable of delivering Shares following an exercise of Options, the Company shall fulfil its obligations under this agreement through a cash-out. Vesting period The options will vest over three years, with 1/4 vesting after one year, 1/4 after two years, and the remaining 1/2 after three years. The split in vesting underpins the retention ambition of the program. Any non-exercised options expire five years after grant. Note 26: Tax Tax expense: KNOK 2022 2021 Tax payable 16 108 12 983 Tax items relating to previous years 1) 726 - Change in deferred tax -7 774 -9 441 Tax expense 9 060 3 542 Included as tax expense in the financial statements 9 060 3 542 Reconciliation of the nominal tax rate 22% 22% KNOK 2022 2021 Profit before tax 38 165 25 899 Tax calculated at a rate of 22% 8 396 5 698 Taxing related to companies in other countries with other tax rate -2 926 -2 771 Change in tax rate in Sweden - -88 Non-taxable items (22% of permanent differences) 2 345 -651 Unrecognised deferred tax asset 1 245 1 355 Tax expense 9 060 3 542 1) Reversal of provision of tax previous years Deferred tax assets and deferred tax liabilities: Deferred tax assets Deferred tax liabilities Consolidated income statement 1) KNOK 2022 2021 2022 2021 2022 2021 Current assets 631 665 4 271 2 657 -1 542 455 Liabilities 3 092 1 992 -3 185 -2 727 -642 1 368 Fixed assets 347 367 -18 301 -4 963 -3 048 -2 180 Losses carried forward 16 855 14 216 -3 783 -3 686 -2 542 -9 084 Deferred tax 1) 20 925 17 240 -20 997 -8 720 -7 774 -9 441 1) Exchange rates differences and opening balance in discontinued operations are not booked over the consolidated income statement for continued operations. The Company has no liabilities / deferred tax assets that effect Total comprehensive income. Per 31.12.2022 the group has losses carried forward of MNOK 62.0 in the Spanish entity. Deferred tax assets of MNOK 15.5 (MNOK 14.2) associated with this is included in the balance sheet. ", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-321": { "value": "Note 5: Other operating expenses KNOK 2022 2021 Short term rent, electricity, cleaning 13 242 7 251 Vehicles 11 473 8 677 Other consultancy fees 51 414 35 131 IT 21 018 22 311 Travel 8 632 4 138 Marketing 10 044 8 763 Other costs 19 152 20 014 Total 1) 134 976 106 285 Specification of recognized auditors fee: 2022 2021 Fee for auditing services 2 365 2 211 Fee for tax advise 14 12 Fee for other services 292 40 Total 2) 2 671 2 263 1) 60% of the increased operating costs are from Air Link Group Ltd. The other 40% is to a large extent caused by inflation. 2) Of which TNOK 302 applies to auditors other than EY. Auditors fee are exclusive of VAT, with the exception of transaction expenses ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-267": { "value": "Note 5: Other operating expenses KNOK 2022 2021 Short term rent, electricity, cleaning 13 242 7 251 Vehicles 11 473 8 677 Other consultancy fees 51 414 35 131 IT 21 018 22 311 Travel 8 632 4 138 Marketing 10 044 8 763 Other costs 19 152 20 014 Total 1) 134 976 106 285 Specification of recognized auditors fee: 2022 2021 Fee for auditing services 2 365 2 211 Fee for tax advise 14 12 Fee for other services 292 40 Total 2) 2 671 2 263 1) 60% of the increased operating costs are from Air Link Group Ltd. The other 40% is to a large extent caused by inflation. 2) Of which TNOK 302 applies to auditors other than EY. Auditors fee are exclusive of VAT, with the exception of transaction expenses . ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-305": { "value": "Specification of recognized auditors fee: 2022 2021 Fee for auditing services 2 365 2 211 Fee for tax advise 14 12 Fee for other services 292 40 Total 2) 2 671 2 263 1) 60% of the increased operating costs are from Air Link Group Ltd. The other 40% is to a large extent caused by inflation. 2) Of which TNOK 302 applies to auditors other than EY. Auditors fee are exclusive of VAT, with the exception of transaction expenses . ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-306": { "value": "
Note 6: Investment in associated companies
StrongPoint ASA owns 49,9997% of the shares in Spok AS. The company performs services on behalf of StrongPoint AS.
StrongPoint owns 49% of the shares in StrongPoint Cash Tech S.L. The Joint Venture has been established regulating the partnership with a technology company in Spain.
StrongPoint ASA had the following investments in associated companies as at 31 December 2022:
Dividend
paid in
2022
Share of
net profit
2022
Book
value
31.12.2022
KNOK
Stake
31.12.2022
Cost price
31.12.2022
Book value
31.12.2021Entity Country Industry
StrongPoint Cash Tech S.L. (under establishment) Spain R&D company 49,0% 15 - - - 15
Spok AS Norway Service company 50,0% 1 700 774 -200 388 962
Total 1 715 774 -200 388 977
An overview of financial information about the associated company, based on 100%:
KNOK
Entity
2022
Current
assets
Fixed
assets Debt Equity Turnover
Profit for
year
Spok AS 3 990 683 2 755 1 918 15 098 775
Total 3 990 683 2 755 1 918 15 098 775
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-268": { "value": "Note 6: Investment in associated companies StrongPoint ASA owns 49,9997% of the shares in Spok AS. The company performs services on behalf of StrongPoint AS. StrongPoint owns 49% of the shares in StrongPoint Cash Tech S.L. The Joint Venture has been established regulating the partnership with a technology company in Spain. StrongPoint ASA had the following investments in associated companies as at 31 December 2022: Dividend paid in 2022 Share of net profit 2022 Book value 31.12.2022 KNOK Stake 31.12.2022 Cost price 31.12.2022 Book value Entity Country Industry StrongPoint Cash Tech S.L. (under establishment) Spain R&D company 49,0% 15 - - - 15 Spok AS Norway Service company 50,0% 1 700 774 -200 388 962 Total 1 715 774 -200 388 977 An overview of financial information about the associated company, based on 100%: KNOK Entity 2022 Current assets Fixed assets Debt Equity Turnover Profit for year Spok AS 3 990 683 2 755 1 918 15 098 775 Total 3 990 683 2 755 1 918 15 098 775", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-269": { "value": "Note 7: Shares in other companies KNOK Company 2022 2021 Cost price Market value Cost price Market value Other long-term investments: Settle Group AS 476 - 476 - 1X Technologies AS 4 001 4 001 4 001 4 001 Total 4 477 4 001 4 477 4 001 The shares are booked at fair value with level 3 in the fair value hierarchy. Any changes in the value will be booked through the profit and loss. The shares in 1X Technologies AS (Halodi Robotics AS) is of strategic importance for the Group. In March 2021, StrongPoint announced a partnership with humanoid robotics company 1X Technologies to develop an in-store grocery retail robotics solution, which in a few years\u2019 time will be seen in grocery stores conducting repetitive, labour-intensive tasks which will drive in-store efficiencies. The shares in Settle Group AS were written down to 0 in 2018 and the fair value is evaluated to be unchanged. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-271": { "value": "Note 8: Financial items KNOK 2022 2021 Interest income 772 300 Currency adjustment bank and unpaid receivables and liabilities 5 448 4 765 Profit from associated companies 388 175 Other financial income 284 2 331 Total financial income 6 891 7 571 Interest expense 2 031 1 112 Interest expenses leasing IFRS 16 2 168 784 Currency adjustment bank and unpaid receivables and liabilities 984 6 897 Other financial expenses 1) 890 382 Total financial expenses 6 073 9 176 Net financial items 818 1 605 Currency differences relating to the payment of purchases are recorded as cost of goods and constitutes a cost of KNOK 6,096 in 2022 (cost of KNOK 3,336 in 2021). Currency differences relating to the payment of sales revenues are recorded as sales revenues and constitutes a revenue of KNOK 2,085 in 2022 (revenue of KNOK 707 in 2021). 1) Other financial expenses are primarily related to financial liabilities. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-307": { "value": "Note 8: Financial items KNOK 2022 2021 Interest income 772 300 Currency adjustment bank and unpaid receivables and liabilities 5 448 4 765 Profit from associated companies 388 175 Other financial income 284 2 331 Total financial income 6 891 7 571 Interest expense 2 031 1 112 Interest expenses leasing IFRS 16 2 168 784 Currency adjustment bank and unpaid receivables and liabilities 984 6 897 Other financial expenses 1) 890 382 Total financial expenses 6 073 9 176 Net financial items 818 1 605 Currency differences relating to the payment of purchases are recorded as cost of goods and constitutes a cost of KNOK 6,096 in 2022 (cost of KNOK 3,336 in 2021). Currency differences relating to the payment of sales revenues are recorded as sales revenues and constitutes a revenue of KNOK 2,085 in 2022 (revenue of KNOK 707 in 2021). 1) Other financial expenses are primarily related to financial liabilities. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-322": { "value": "Note 8: Financial items KNOK 2022 2021 Interest income 772 300 Currency adjustment bank and unpaid receivables and liabilities 5 448 4 765 Profit from associated companies 388 175 Other financial income 284 2 331 Total financial income 6 891 7 571 Interest expense 2 031 1 112 Interest expenses leasing IFRS 16 2 168 784 Currency adjustment bank and unpaid receivables and liabilities 984 6 897 Other financial expenses 1) 890 382 Total financial expenses 6 073 9 176 Net financial items 818 1 605 Currency differences relating to the payment of purchases are recorded as cost of goods and constitutes a cost of KNOK 6,096 in 2022 (cost of KNOK 3,336 in 2021). Currency differences relating to the payment of sales revenues are recorded as sales revenues and constitutes a revenue of KNOK 2,085 in 2022 (revenue of KNOK 707 in 2021). 1) Other financial expenses are primarily related to financial liabilities. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-334": { "value": "Note 8: Financial items KNOK 2022 2021 Interest income 772 300 Currency adjustment bank and unpaid receivables and liabilities 5 448 4 765 Profit from associated companies 388 175 Other financial income 284 2 331 Total financial income 6 891 7 571 Interest expense 2 031 1 112 Interest expenses leasing IFRS 16 2 168 784 Currency adjustment bank and unpaid receivables and liabilities 984 6 897 Other financial expenses 1) 890 382 Total financial expenses 6 073 9 176 Net financial items 818 1 605 Currency differences relating to the payment of purchases are recorded as cost of goods and constitutes a cost of KNOK 6,096 in 2022 (cost of KNOK 3,336 in 2021). Currency differences relating to the payment of sales revenues are recorded as sales revenues and constitutes a revenue of KNOK 2,085 in 2022 (revenue of KNOK 707 in 2021). 1) Other financial expenses are primarily related to financial liabilities. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-340": { "value": "Note 8: Financial items KNOK 2022 2021 Interest income 772 300 Currency adjustment bank and unpaid receivables and liabilities 5 448 4 765 Profit from associated companies 388 175 Other financial income 284 2 331 Total financial income 6 891 7 571 Interest expense 2 031 1 112 Interest expenses leasing IFRS 16 2 168 784 Currency adjustment bank and unpaid receivables and liabilities 984 6 897 Other financial expenses 1) 890 382 Total financial expenses 6 073 9 176 Net financial items 818 1 605 Currency differences relating to the payment of purchases are recorded as cost of goods and constitutes a cost of KNOK 6,096 in 2022 (cost of KNOK 3,336 in 2021). Currency differences relating to the payment of sales revenues are recorded as sales revenues and constitutes a revenue of KNOK 2,085 in 2022 (revenue of KNOK 707 in 2021). 1) Other financial expenses are primarily related to financial liabilities. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-344": { "value": "Note 8: Financial items KNOK 2022 2021 Interest income 772 300 Currency adjustment bank and unpaid receivables and liabilities 5 448 4 765 Profit from associated companies 388 175 Other financial income 284 2 331 Total financial income 6 891 7 571 Interest expense 2 031 1 112 Interest expenses leasing IFRS 16 2 168 784 Currency adjustment bank and unpaid receivables and liabilities 984 6 897 Other financial expenses 1) 890 382 Total financial expenses 6 073 9 176 Net financial items 818 1 605 Currency differences relating to the payment of purchases are recorded as cost of goods and constitutes a cost of KNOK 6,096 in 2022 (cost of KNOK 3,336 in 2021). Currency differences relating to the payment of sales revenues are recorded as sales revenues and constitutes a revenue of KNOK 2,085 in 2022 (revenue of KNOK 707 in 2021). 1) Other financial expenses are primarily related to financial liabilities. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-308": { "value": "Note 9: Payroll costs and number of employees KNOK 2022 2021 Salaries 224 046 187 08 Severance packages 537 1 401 Director\u2019s fee and Nomination Committee 1 958 1 825 Social fee 39 092 37 357 Pension costs 13 429 12 917 Other payroll costs 26 781 14 558 Total payroll costs 305 842 255 147 Number of full-time employees employed during the year: 472 39 Number of full-time employees at the end of the year: 511 400 The employees in StrongPoint have pension schemes in line with local statutory and obligatory company pension schemes, and are recognized as a defined contribution plan. Salaries and remuneration for Executive Management Team and Directors KNOK 2022 2021 Board of Directors Directors fee 1 834 1 777 Executive Management Team Salaries 17 424 13 241 Bonus 4 902 2 249 Company car 919 709 Other remuneration 1 102 56 Pension 1 298 1 044 Total salaries and remuneration 27 479 19 075
The following members of the Executive Management Team and Board of Directors
own shares or share options in the company per 31.12:
Name, position
Shares per
31.12.22
Shares per
31.12.21
Options per
31.12.22
Options per
31.12.21
Board of Directors
Morthen Johannessen, Chairman
1)
105 662 100 047
Klaus de Vibe, Director
2)
92 491 89 683
Camilla Tepfers, former Director 11 023
Peter Wir\u00e9n, Director 33 345 26 666
Ingeborg Molden Hegstad, Director
3)
22 365 19 557
Cathrine Laksfoss, Director 1 974 -
Total 255 837 246 976 - -
1) Morthen Johannessen ownes the shares privatly and through the company Motri AS.
2) Klaus de Vibe ownes the shares privatly and through the company De Vibe AS.
3) Ingeborg Molden Hegstad ownes the shares privatly and through the company Imsight AS.
4) Jacob Tveraabak ownes the shares privately and through the company Celo Industries AS.
Name, position
Shares per
31.12.22
Shares per
31.12.21
Options per
31.12.22
Options per
31.12.21
Executive Management Team
Jacob Tveraabak, CEO
4)
212 246 206 000 600 000 450 000
Hilde Gilen, CFO 53 827 49 573 93 750 225 000
Knut Olav Nyhus Olsen, SVP People
& Organisation, and head of Marketing
and Internal Communication
13 814 10 839 225 000 150 000
Gisle Elvebakken, SVP Norway 39 329 26 032 250 000 150 000
Julius Stulpinas, SVP Technology &
supply chain
31 094 25 296 225 000 150 000
Rimantas Ma\u017eulis, SVP Baltics 22 806 19 034 225 000 150 000
Lorena G\u00f3mez, SVP Spain 5 350 2 139 125 000 50 000
Chris Mackie, SVP E-commerce 15 936 75 000
Magnus Ros\u00e9n, SVP Sweden 9 000 75 000
Steve Smith, SVP UK & Ireland - 75 000
Total 403 402 338 913 1 968 750 1 325 000
Members of the Extended Group Management Team and key
employees have stock options:
Total costs and Social Security Provisions (KNOK) 2022 2021
Total IFRS cost 5 420 5 441
Total Social security provisions - 341 737
5 079 6 178
Granted instruments 2022 2021
Instrument Option Option
Quantity 31.12.2022 (instruments) 1 100 000 1 075 000
Quantity 31.12.2022 (shares) 1 100 000 1 075 000
Contractual life* 5,00 5,00
Strike price* 22,55 31,13
Share price* 22,25 31,40
Expected lifetime* 3,25 3,25
Volatility* 43,26% 40,55%
Interest rate* 2,599% 0,713%
Dividend* 0,00 0,00
FV per instrument* 7,21 9,21
*Weighted average parameters at grant of instrument.
Outstanding instruments Year End - Option
Quantity and weighted
average prices
Activity
Number of instruments
01.01.2022 - 31.12.2022
Weighted Average
Strike Price
Outstanding OB (01.01.2022) 2 075 000 24,14
Granted 1 100 000 22,55
Exercised
1
- 50 000 17,31
Released 0 0,00
Adjusted 0 0,00
Performance Adjusted 0 0,00
Cancelled 0 0,00
Terminated - 456 250 24,53
Expired 0 0,00
Outstanding CB (31.12.2022) 2 668 750 23,54
Vested CB 681 250 22,00
1) Exercised share price NOK 23.53
Outstanding Instruments Overview
Strike price
Number of
instruments
Weighted Average
remaining
contractual life
Weighted
Average
Strike Price
Vested
instruments
31.12.2022
Weighted Average
Strike Price
Outstanding Instruments Vested Instruments
17,31 850 000 2,84 17,31 450 000 17,31
20,53 125 000 4,44 20,53 0 0,00
22,81 862 500 4,36 22,81 0 0,00
31,13 831 250 3,35 31,13 231 250 31,13
2 668 750 681 250
Method of valuation:
The fair value of share options granted is estimated at the date of grant using the Black-Scholes-
Merton Option Pricing Model. The model uses the following parameters; the exercise price, the life
of the option, the current price of the underlying shares, the expected volatility of the share price, the
dividends expected on the shares, and the risk-free interest rate for the life of the option.
The measure of volatility used in the option pricing models is the annulised standard deviation of the
continuously compounded rates of return on the share over a period of time.
Vesting requirements:
The vesting of the options is dependent on the participant still being employed at Strongpoint at the
time of the vesting.
Method of settlement:
All StrongPoint ASA options are intended to be settled in equity, but in the event that the Company
is not capable of delivering Shares following an exercise of Options, the Company shall fulfil its
obligations under this agreement through a cash-out.
Vesting period
The options will vest over three years, with 1/4 vesting after one year, 1/4 after two years, and the
remaining 1/2 after three years. The split in vesting underpins the retention ambition of the program.
Any non-exercised options expire five years after grant.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-270": { "value": "Number of full-time employees employed during the year: 472 39 5 Number of full-time employees at the end of the year: 511 400 ", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-323": { "value": "
Salaries and remuneration for Executive Management Team and Directors
KNOK 2022 2021
Board of Directors
Directors fee 1 834 1 777
Executive Management Team
Salaries 17 424 13 241
Bonus 4 902 2 249
Company car 919 709
Other remuneration 1 102 56
Pension 1 298 1 044
Total salaries and remuneration 27 479 19 075
The following members of the Executive Management Team and Board of Directors own shares or share options in the company per 31.12: Name, position Shares per 31.12.22 Shares per 31.12.21 Options per 31.12.22 Options per 31.12.21 Board of Directors Morthen Johannessen, Chairman 1) 105 662 100 047 Klaus de Vibe, Director 2) 92 491 89 683 Camilla Tepfers, former Director 11 023 Peter Wir\u00e9n, Director 33 345 26 666 Ingeborg Molden Hegstad, Director 3) 22 365 19 557 Cathrine Laksfoss, Director 1 974 - Total 255 837 246 976 - - 1) Morthen Johannessen ownes the shares privatly and through the company Motri AS. 2) Klaus de Vibe ownes the shares privatly and through the company De Vibe AS. 3) Ingeborg Molden Hegstad ownes the shares privatly and through the company Imsight AS. 4) Jacob Tveraabak ownes the shares privately and through the company Celo Industries AS. Name, position Shares per 31.12.22 Shares per 31.12.21 Options per 31.12.22 Options per 31.12.21 Executive Management Team Jacob Tveraabak, CEO 4) 212 246 206 000 600 000 450 000 Hilde Gilen, CFO 53 827 49 573 93 750 225 000 Knut Olav Nyhus Olsen, SVP People & Organisation, and head of Marketing and Internal Communication 13 814 10 839 225 000 150 000 Gisle Elvebakken, SVP Norway 39 329 26 032 250 000 150 000 Julius Stulpinas, SVP Technology & supply chain 31 094 25 296 225 000 150 000 Rimantas Ma\u017eulis, SVP Baltics 22 806 19 034 225 000 150 000 Lorena G\u00f3mez, SVP Spain 5 350 2 139 125 000 50 000 Chris Mackie, SVP E-commerce 15 936 75 000 Magnus Ros\u00e9n, SVP Sweden 9 000 75 000 Steve Smith, SVP UK & Ireland - 75 000 Total 403 402 338 913 1 968 750 1 325 000 Members of the Extended Group Management Team and key employees have stock options: Total costs and Social Security Provisions (KNOK) 2022 2021 Total IFRS cost 5 420 5 441 Total Social security provisions - 341 737 5 079 6 178 Granted instruments 2022 2021 Instrument Option Option Quantity 31.12.2022 (instruments) 1 100 000 1 075 000 Quantity 31.12.2022 (shares) 1 100 000 1 075 000 Contractual life* 5,00 5,00 Strike price* 22,55 31,13 Share price* 22,25 31,40 Expected lifetime* 3,25 3,25 Volatility* 43,26% 40,55% Interest rate* 2,599% 0,713% Dividend* 0,00 0,00 FV per instrument* 7,21 9,21 *Weighted average parameters at grant of instrument. Outstanding instruments Year End - Option Quantity and weighted average prices Activity Number of instruments 01.01.2022 - 31.12.2022 Weighted Average Strike Price Outstanding OB (01.01.2022) 2 075 000 24,14 Granted 1 100 000 22,55 Exercised 1 - 50 000 17,31 Released 0 0,00 Adjusted 0 0,00 Performance Adjusted 0 0,00 Cancelled 0 0,00 Terminated - 456 250 24,53 Expired 0 0,00 Outstanding CB (31.12.2022) 2 668 750 23,54 Vested CB 681 250 22,00 1) Exercised share price NOK 23.53 Outstanding Instruments Overview Strike price Number of instruments Weighted Average remaining contractual life Weighted Average Strike Price Vested instruments 31.12.2022 Weighted Average Strike Price Outstanding Instruments Vested Instruments 17,31 850 000 2,84 17,31 450 000 17,31 20,53 125 000 4,44 20,53 0 0,00 22,81 862 500 4,36 22,81 0 0,00 31,13 831 250 3,35 31,13 231 250 31,13 2 668 750 681 250 Method of valuation: The fair value of share options granted is estimated at the date of grant using the Black-Scholes- Merton Option Pricing Model. The model uses the following parameters; the exercise price, the life of the option, the current price of the underlying shares, the expected volatility of the share price, the dividends expected on the shares, and the risk-free interest rate for the life of the option. The measure of volatility used in the option pricing models is the annulised standard deviation of the continuously compounded rates of return on the share over a period of time. Vesting requirements: The vesting of the options is dependent on the participant still being employed at Strongpoint at the time of the vesting. Method of settlement: All StrongPoint ASA options are intended to be settled in equity, but in the event that the Company is not capable of delivering Shares following an exercise of Options, the Company shall fulfil its obligations under this agreement through a cash-out. Vesting period The options will vest over three years, with 1/4 vesting after one year, 1/4 after two years, and the remaining 1/2 after three years. The split in vesting underpins the retention ambition of the program. Any non-exercised options expire five years after grant. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-272": { "value": "Note 10: Tangible assets KNOK Land Buildings Equipment owned 2022 Total Land Buildings Equipment owned 2021 Total Acquisition costs 01.01 825 8 731 56 931 66 487 825 8 731 82 503 92 059 Discontinued operations - - -26 711 -26 711 Acquisition 20 346 20 346 Addition 11 041 11 041 7 202 7 202 Divestment -9 664 -9 664 -3 798 -3 798 Currency exchange differences 1 225 1 225 -2 264 -2 264 Acquisition costs 31.12 825 8 731 79 880 89 436 825 8 731 56 931 66 487 Accumulated depreciations 01.01 -825 -8 731 -37 901 -47 457 -825 -8 731 -58 473 -68 029 Discontinued operations - - 23 691 23 691 Acquisition -18 294 -18 294 - - Depreciations -5 035 -5 035 -2 517 -2 517 Depreciations of the year regarding rental machines is booked as cost of gods sold -3 812 -3 812 -4 246 -4 246 Divestment 9 650 9 650 4 232 4 232 Currency exchange differences -733 -733 -588 -588 Accumulated depreciations 31.12 -825 -8 731 -56 125 -65 681 -825 -8 731 -37 901 -47 457 Book value 31.12 - - 23 755 23 755 - - 19 031 19 031 Depreciation ratio 10-33% 10-33% Depreciation method Linear Linear Tangible assets, company owned Some equipment has been fully depreciated per 31 December 2022 but is still in use. StrongPoint has no contractual purchasing obligations. Tangible assets, right of use KNOK Right of use rent Right of use equipment 2022 Total Right of use rent Right of use equipment 2021 Total Acquisition costs 01.01 61 694 27 496 89 190 90 874 64 251 155 125 Discontinued operations - - - -41 994 -41 965 -83 959 Acquisition 38 437 - 38 437 Addition 13 346 6 911 20 257 15 220 6 226 21 446 Divestment - 16 16 - -1 502 -1 502 Currency exchange differences 363 717 1 080 -2 407 486 -1 921 Acquisition costs 31.12 113 840 35 140 148 980 61 694 27 496 89 190 Accumulated depreciations 01.01 -30 266 -15 682 -45 948 -48 760 -38 623 -87 383 Discontinued operations - - - 27 717 29 232 56 950 Depreciations -14 189 -6 128 -20 317 -9 968 -6 233 -16 201 Currency exchange differences -340 324 -16 744 -58 686 Accumulated depreciations 31.12 -44 795 -21 486 -66 281 -30 266 -15 682 -45 948 Book value 31.12 69 044 13 654 82 698 31 428 11 814 43 241 Depreciation ratio 10-33% 10-33% 10-33% 10-33% See note 16 for information about the comittments related to the leasing. ", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-309": { "value": "Tangible assets, right of use KNOK Right of use rent Right of use equipment 2022 Total Right of use rent Right of use equipment 2021 Total Acquisition costs 01.01 61 694 27 496 89 190 90 874 64 251 155 125 Discontinued operations - - - -41 994 -41 965 -83 959 Acquisition 38 437 - 38 437 Addition 13 346 6 911 20 257 15 220 6 226 21 446 Divestment - 16 16 - -1 502 -1 502 Currency exchange differences 363 717 1 080 -2 407 486 -1 921 Acquisition costs 31.12 113 840 35 140 148 980 61 694 27 496 89 190 Accumulated depreciations 01.01 -30 266 -15 682 -45 948 -48 760 -38 623 -87 383 Discontinued operations - - - 27 717 29 232 56 950 Depreciations -14 189 -6 128 -20 317 -9 968 -6 233 -16 201 Currency exchange differences -340 324 -16 744 -58 686 Accumulated depreciations 31.12 -44 795 -21 486 -66 281 -30 266 -15 682 -45 948 Book value 31.12 69 044 13 654 82 698 31 428 11 814 43 241 Depreciation ratio 10-33% 10-33% 10-33% 10-33% See note 16 for information about the comittments related to the leasing. ", "dimensions": { "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-273": { "value": "
Note 11: Intangible assets
Other intangible assets (KNOK)
2022 2021
Technology Brand Customer Software Other Total Technology Brand Customer Software Other Total
Acquisition costs 01.01 107 510 21 502 36 425 9 272 - 174 709 107 510 21 502 57 643 14 387 764 201 807
Acquired by aquisition - 10 000 56 000 - - 66 000 - - - - - -
Investment - - - 104 - 104 - - - - - -
Divestment - - - - - - - - - - -764 -764
Discontinued operations - - - - - - - - -21 218 -5 115 - -26 333
Acquisition costs 31.12 107 510 31 502 92 425 9 376 - 240 813 107 510 21 502 36 425 9 272 - 174 709
Accumulated impairments and depreciations
01.01
-101 268 - -35 344 -8 382 - -144 994 -96 644 - -54 539 -10 893 -115 -162 191
Access depreciation acquisitions - - - - - - - - - - 115 115
Discontinued operations - - - - - - - - 21 970 2 512 - 24 482
Accumulated impairments and depreciations
31.12
-105 655 -1 164 -42 632 -8 383 - -157 834 -101 268 - -35 344 -8 382 - -144 994
Translation differences -1 855 937 1 332 -890 - -476 -1 744 1 672 1 617 -890 - 654
Book value 31.12 - 31 275 51 125 103 - 82 503 4 498 23 174 2 699 - - 30 371
Depreciations of the year -4 387 -1 164 -7 288 -1 - -12 840 -4 624 - -2 774 -2 -2 -7 403
This year change in translation differences -110 -735 -285 - - -1 130 -510 -1 641 -1 058 1 503 -34 -1 740
Depreciation schedule 10 og 15 \u00e5r Impairment
test
1-7 \u00e5r 4-7 \u00e5r - - 10 og 15 \u00e5r Impairment
test
1-7 \u00e5r 4-7 \u00e5r 3 \u00e5r -
Depreciation ratio 7-10% 14-100% 14-25% - - 7-10% 14-100% 14-25% 33% -
In 2022 there have been expensed KNOK 42,993 (KNOK 32,763 in 2021) in research and development costs.
Intangible assets regarding brand are related to CashGuard and ALS.
Goodwill (KNOK) StrongPoint AS StrongPoint AB StrongPoint Technology AB StrongPoint Baltic StrongPoint S.L.U StrongPoint E-com AB ALS 2022 Total 2021 Total Acquisition costs 01.01 15 976 2 612 81 127 23 318 4 431 25 889 - 153 352 169 643 Acquisition 38 268 38 268 - Discontinued operations - - -16 290 Acquisition costs 31.12 15 976 2 612 81 127 23 318 4 431 25 889 38 268 191 620 153 352 Accumulated impairment and depreciations 01.01 -14 689 -229 - -23 345 - - - -38 263 -38 263 Accumulated impairment and depreciations 31.12 -14 689 -229 - -23 345 - - - -38 263 -38 263 Translation differences - - 3 921 2 903 774 -1 037 - 6 561 9 552 Book value 31.12 1 286 2 383 85 048 2 877 5 205 24 852 38 268 159 918 124 641 - Impairment of the year - - This year change in translation differences - - -2 627 144 260 -768 - -2 991 -10 635 Depreciation schedule Impairment test Impairment test Impairment test Impairment test Impairment test Impairment test Impairment test Goodwill is not depreciated. Impairment tests are carried out every year.The impairment test per 31 December 2022 has been carried out with the segments Nordics and Rest of Europe incl. R&D as the cash generating units. Goodwill (KNOK) Acquired company Cash generating unit 31.12.2022 31.12.2021 StrongPoint AS Nordics 1 286 1 286 StrongPoint AB Nordics 2 383 2 383 StrongPoint Technology AB Nordics / Rest of Europe incl. R&D 85 048 87 675 StrongPoint UAB Rest of Europe incl. R&D 2 877 2 733 StrongPoint S.L.U Rest of Europe incl. R&D 5 205 4 945 StrongPoint E-com AB Nordics / Rest of Europe incl. R&D 24 852 25 620 StrongPoint ALS Rest of Europe incl. R&D 38 268 - Total goodwill 159 918 124 641 Impairment test of goodwill and intangible assets with indefinite useful life Impairment tests are carried out in order to assess the prospects of each cash flow-generating unit based on value in use. Value in use is measured against net book value for the cash flow- generating entity. The brands are considered to be indefinite due to the Group\u2019s strategy for 2025 which contains a growth path for the brands, and confirms the value of the IP in the balance sheet, as long term future cashflow is expected. The Group has used value in use to determine recoverable amounts for the cash flow-generating entities. Value in use is determined by using the discounted cash flow method. The expected cash flow is based on the business areas\u2019 budgets and long term plans, which are approved by StrongPoint\u2019s executive management and the Board. Budgets and long-term plans cover a five-year period (explicit prognosis period). Approved budgets and long-term plans are adjusted for cash flow related to investments, future product improvements and new development, if the elements are considered significant for the impairment test. After the five years of explicit plans a terminal value is calculated based on 2.5% growth in net cash flow. To calculate value in use, the Group has used anticipated cash flow after tax and, correspondingly, discount rates after tax. The recoverable amount would not have been significantly different if cash flow before tax and the discount rate before tax had been used. The WACC after tax has been stipulated using an iterative method and is 8.29%. The assumptions are based on historical results and observable market data. Key assumptions Discount rate The discount rates are based on a weighted average cost of capital (WACC) method, whereby the cost of equity and the cost of liabilities are weighted according to an estimated capital structure. The discount rates reflect the market\u2019s required return on investment at the time of the test and in the industry to which the cash-generating unit belongs. The estimated capital structure is based on the average capital structure in the industry in which the cash generating unit operates and an assessment of what is a reasonable and prudent long-term capital structure. The CAPM model is used to estimate the cost of equity. In accordance with the CAPM model, the cost of equity consists of risk-free interest as well as an individual risk premium. The risk premium is the entity\u2019s systematic risk (beta), multiplied by the market\u2019s risk premium. The risk-free interest is estimated on a 10-year Norwegian government bond interest rate and is based on all cash flow being translated to NOK. The cost of liabilities represents an expected long-term after-tax interest rate for comparable liabilities and consists of risk-free interest and an interest spread. Profit margin (EBITDA) The profit margin is reviewed based on expectations of future development and historical performance. This gives the Group good prospects for order intake and is a solid basis for long-term growth. Growth rate Growth rates in the explicit prognosis period are based on management\u2019s expectations of market trends. The Group uses stable growth rates to extrapolate cash flow in excess of five years. The long- term growth rate beyond five years is not higher than the expected long-term growth rate in the indus- try in which the undertaking operates within. Market shares and macro trends Group entities monitors competition environment and market shares on a detailed level, both in the local geography and from a product point of view. StrongPoint is a retail technology company and exposed to global changes within technology development, international competition, supply change and raw material distribution following political, climate or international trading challenges etc, Expected changes in market shares or new competitive solutions that can influence future cash flow from the business units are taken into account in the impairment test. Risk Group management and Board of directors monitors and acts upon risk within the following areas: Strategic, operational, financial and sustainability/climate. Main assumptions in the impariment test are adjusted to reflect the risk environment that the Group operates within. Sensitivity analysis In connection with impairment tests of goodwill and intangible assets, sensitivity analyses are carried out. There will not be an impairment situation before relatively large changes in the key assumptions, and these changes are considered to be outside the reasonable outcome. Estimation uncertainty There will always be uncertainty related to the estimate of value in use. The assessments are based on key assumptions as described above, and are to a large degree influenced by market data for comparable companies, interest rates and other risk conditions. These calculations are based on discounted future cash flow, in which judgement was used as regards future profit and operation. Significant changes in the cash flow may affect the value of goodwill. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-324": { "value": "Note 11: Intangible assets Other intangible assets (KNOK) 2022 2021 Technology Brand Customer Software Other Total Technology Brand Customer Software Other Total Acquisition costs 01.01 107 510 21 502 36 425 9 272 - 174 709 107 510 21 502 57 643 14 387 764 201 807 Acquired by aquisition - 10 000 56 000 - - 66 000 - - - - - - Investment - - - 104 - 104 - - - - - - Divestment - - - - - - - - - - -764 -764 Discontinued operations - - - - - - - - -21 218 -5 115 - -26 333 Acquisition costs 31.12 107 510 31 502 92 425 9 376 - 240 813 107 510 21 502 36 425 9 272 - 174 709 Accumulated impairments and depreciations 01.01 -101 268 - -35 344 -8 382 - -144 994 -96 644 - -54 539 -10 893 -115 -162 191 Access depreciation acquisitions - - - - - - - - - - 115 115 Discontinued operations - - - - - - - - 21 970 2 512 - 24 482 Accumulated impairments and depreciations 31.12 -105 655 -1 164 -42 632 -8 383 - -157 834 -101 268 - -35 344 -8 382 - -144 994 Translation differences -1 855 937 1 332 -890 - -476 -1 744 1 672 1 617 -890 - 654 Book value 31.12 - 31 275 51 125 103 - 82 503 4 498 23 174 2 699 - - 30 371 Depreciations of the year -4 387 -1 164 -7 288 -1 - -12 840 -4 624 - -2 774 -2 -2 -7 403 This year change in translation differences -110 -735 -285 - - -1 130 -510 -1 641 -1 058 1 503 -34 -1 740 Depreciation schedule 10 og 15 \u00e5r Impairment test 1-7 \u00e5r 4-7 \u00e5r - - 10 og 15 \u00e5r Impairment test 1-7 \u00e5r 4-7 \u00e5r 3 \u00e5r - Depreciation ratio 7-10% 14-100% 14-25% - - 7-10% 14-100% 14-25% 33% - In 2022 there have been expensed KNOK 42,993 (KNOK 32,763 in 2021) in research and development costs. Intangible assets regarding brand are related to CashGuard and ALS. Goodwill (KNOK) StrongPoint AS StrongPoint AB StrongPoint Technology AB StrongPoint Baltic StrongPoint S.L.U StrongPoint E-com AB ALS 2022 Total 2021 Total Acquisition costs 01.01 15 976 2 612 81 127 23 318 4 431 25 889 - 153 352 169 643 Acquisition 38 268 38 268 - Discontinued operations - - -16 290 Acquisition costs 31.12 15 976 2 612 81 127 23 318 4 431 25 889 38 268 191 620 153 352 Accumulated impairment and depreciations 01.01 -14 689 -229 - -23 345 - - - -38 263 -38 263 Accumulated impairment and depreciations 31.12 -14 689 -229 - -23 345 - - - -38 263 -38 263 Translation differences - - 3 921 2 903 774 -1 037 - 6 561 9 552 Book value 31.12 1 286 2 383 85 048 2 877 5 205 24 852 38 268 159 918 124 641 - Impairment of the year - - This year change in translation differences - - -2 627 144 260 -768 - -2 991 -10 635 Depreciation schedule Impairment test Impairment test Impairment test Impairment test Impairment test Impairment test Impairment test Goodwill is not depreciated. Impairment tests are carried out every year.The impairment test per 31 December 2022 has been carried out with the segments Nordics and Rest of Europe incl. R&D as the cash generating units. Goodwill (KNOK) Acquired company Cash generating unit 31.12.2022 31.12.2021 StrongPoint AS Nordics 1 286 1 286 StrongPoint AB Nordics 2 383 2 383 StrongPoint Technology AB Nordics / Rest of Europe incl. R&D 85 048 87 675 StrongPoint UAB Rest of Europe incl. R&D 2 877 2 733 StrongPoint S.L.U Rest of Europe incl. R&D 5 205 4 945 StrongPoint E-com AB Nordics / Rest of Europe incl. R&D 24 852 25 620 StrongPoint ALS Rest of Europe incl. R&D 38 268 - Total goodwill 159 918 124 641 Impairment test of goodwill and intangible assets with indefinite useful life Impairment tests are carried out in order to assess the prospects of each cash flow-generating unit based on value in use. Value in use is measured against net book value for the cash flow- generating entity. The brands are considered to be indefinite due to the Group\u2019s strategy for 2025 which contains a growth path for the brands, and confirms the value of the IP in the balance sheet, as long term future cashflow is expected. The Group has used value in use to determine recoverable amounts for the cash flow-generating entities. Value in use is determined by using the discounted cash flow method. The expected cash flow is based on the business areas\u2019 budgets and long term plans, which are approved by StrongPoint\u2019s executive management and the Board. Budgets and long-term plans cover a five-year period (explicit prognosis period). Approved budgets and long-term plans are adjusted for cash flow related to investments, future product improvements and new development, if the elements are considered significant for the impairment test. After the five years of explicit plans a terminal value is calculated based on 2.5% growth in net cash flow. To calculate value in use, the Group has used anticipated cash flow after tax and, correspondingly, discount rates after tax. The recoverable amount would not have been significantly different if cash flow before tax and the discount rate before tax had been used. The WACC after tax has been stipulated using an iterative method and is 8.29%. The assumptions are based on historical results and observable market data. Key assumptions Discount rate The discount rates are based on a weighted average cost of capital (WACC) method, whereby the cost of equity and the cost of liabilities are weighted according to an estimated capital structure. The discount rates reflect the market\u2019s required return on investment at the time of the test and in the industry to which the cash-generating unit belongs. The estimated capital structure is based on the average capital structure in the industry in which the cash generating unit operates and an assessment of what is a reasonable and prudent long-term capital structure. The CAPM model is used to estimate the cost of equity. In accordance with the CAPM model, the cost of equity consists of risk-free interest as well as an individual risk premium. The risk premium is the entity\u2019s systematic risk (beta), multiplied by the market\u2019s risk premium. The risk-free interest is estimated on a 10-year Norwegian government bond interest rate and is based on all cash flow being translated to NOK. The cost of liabilities represents an expected long-term after-tax interest rate for comparable liabilities and consists of risk-free interest and an interest spread. Profit margin (EBITDA) The profit margin is reviewed based on expectations of future development and historical performance. This gives the Group good prospects for order intake and is a solid basis for long-term growth. Growth rate Growth rates in the explicit prognosis period are based on management\u2019s expectations of market trends. The Group uses stable growth rates to extrapolate cash flow in excess of five years. The long- term growth rate beyond five years is not higher than the expected long-term growth rate in the indus- try in which the undertaking operates within. Market shares and macro trends Group entities monitors competition environment and market shares on a detailed level, both in the local geography and from a product point of view. StrongPoint is a retail technology company and exposed to global changes within technology development, international competition, supply change and raw material distribution following political, climate or international trading challenges etc, Expected changes in market shares or new competitive solutions that can influence future cash flow from the business units are taken into account in the impairment test. Risk Group management and Board of directors monitors and acts upon risk within the following areas: Strategic, operational, financial and sustainability/climate. Main assumptions in the impariment test are adjusted to reflect the risk environment that the Group operates within. Sensitivity analysis In connection with impairment tests of goodwill and intangible assets, sensitivity analyses are carried out. There will not be an impairment situation before relatively large changes in the key assumptions, and these changes are considered to be outside the reasonable outcome. Estimation uncertainty There will always be uncertainty related to the estimate of value in use. The assessments are based on key assumptions as described above, and are to a large degree influenced by market data for comparable companies, interest rates and other risk conditions. These calculations are based on discounted future cash flow, in which judgement was used as regards future profit and operation. Significant changes in the cash flow may affect the value of goodwill. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-310": { "value": "Note 11: Intangible assets Other intangible assets (KNOK) 2022 2021 Technology Brand Customer Software Other Total Technology Brand Customer Software Other Total Acquisition costs 01.01 107 510 21 502 36 425 9 272 - 174 709 107 510 21 502 57 643 14 387 764 201 807 Acquired by aquisition - 10 000 56 000 - - 66 000 - - - - - - Investment - - - 104 - 104 - - - - - - Divestment - - - - - - - - - - -764 -764 Discontinued operations - - - - - - - - -21 218 -5 115 - -26 333 Acquisition costs 31.12 107 510 31 502 92 425 9 376 - 240 813 107 510 21 502 36 425 9 272 - 174 709 Accumulated impairments and depreciations 01.01 -101 268 - -35 344 -8 382 - -144 994 -96 644 - -54 539 -10 893 -115 -162 191 Access depreciation acquisitions - - - - - - - - - - 115 115 Discontinued operations - - - - - - - - 21 970 2 512 - 24 482 Accumulated impairments and depreciations 31.12 -105 655 -1 164 -42 632 -8 383 - -157 834 -101 268 - -35 344 -8 382 - -144 994 Translation differences -1 855 937 1 332 -890 - -476 -1 744 1 672 1 617 -890 - 654 Book value 31.12 - 31 275 51 125 103 - 82 503 4 498 23 174 2 699 - - 30 371 Depreciations of the year -4 387 -1 164 -7 288 -1 - -12 840 -4 624 - -2 774 -2 -2 -7 403 This year change in translation differences -110 -735 -285 - - -1 130 -510 -1 641 -1 058 1 503 -34 -1 740 Depreciation schedule 10 og 15 \u00e5r Impairment test 1-7 \u00e5r 4-7 \u00e5r - - 10 og 15 \u00e5r Impairment test 1-7 \u00e5r 4-7 \u00e5r 3 \u00e5r - Depreciation ratio 7-10% 14-100% 14-25% - - 7-10% 14-100% 14-25% 33% - In 2022 there have been expensed KNOK 42,993 (KNOK 32,763 in 2021) in research and development costs. Intangible assets regarding brand are related to CashGuard and ALS. Goodwill (KNOK) StrongPoint AS StrongPoint AB StrongPoint Technology AB StrongPoint Baltic StrongPoint S.L.U StrongPoint E-com AB ALS 2022 Total 2021 Total Acquisition costs 01.01 15 976 2 612 81 127 23 318 4 431 25 889 - 153 352 169 643 Acquisition 38 268 38 268 - Discontinued operations - - -16 290 Acquisition costs 31.12 15 976 2 612 81 127 23 318 4 431 25 889 38 268 191 620 153 352 Accumulated impairment and depreciations 01.01 -14 689 -229 - -23 345 - - - -38 263 -38 263 Accumulated impairment and depreciations 31.12 -14 689 -229 - -23 345 - - - -38 263 -38 263 Translation differences - - 3 921 2 903 774 -1 037 - 6 561 9 552 Book value 31.12 1 286 2 383 85 048 2 877 5 205 24 852 38 268 159 918 124 641 - Impairment of the year - - This year change in translation differences - - -2 627 144 260 -768 - -2 991 -10 635 Depreciation schedule Impairment test Impairment test Impairment test Impairment test Impairment test Impairment test Impairment test Goodwill is not depreciated. Impairment tests are carried out every year.The impairment test per 31 December 2022 has been carried out with the segments Nordics and Rest of Europe incl. R&D as the cash generating units. Goodwill (KNOK) Acquired company Cash generating unit 31.12.2022 31.12.2021 StrongPoint AS Nordics 1 286 1 286 StrongPoint AB Nordics 2 383 2 383 StrongPoint Technology AB Nordics / Rest of Europe incl. R&D 85 048 87 675 StrongPoint UAB Rest of Europe incl. R&D 2 877 2 733 StrongPoint S.L.U Rest of Europe incl. R&D 5 205 4 945 StrongPoint E-com AB Nordics / Rest of Europe incl. R&D 24 852 25 620 StrongPoint ALS Rest of Europe incl. R&D 38 268 - Total goodwill 159 918 124 641 Impairment test of goodwill and intangible assets with indefinite useful life Impairment tests are carried out in order to assess the prospects of each cash flow-generating unit based on value in use. Value in use is measured against net book value for the cash flow- generating entity. The brands are considered to be indefinite due to the Group\u2019s strategy for 2025 which contains a growth path for the brands, and confirms the value of the IP in the balance sheet, as long term future cashflow is expected. The Group has used value in use to determine recoverable amounts for the cash flow-generating entities. Value in use is determined by using the discounted cash flow method. The expected cash flow is based on the business areas\u2019 budgets and long term plans, which are approved by StrongPoint\u2019s executive management and the Board. Budgets and long-term plans cover a five-year period (explicit prognosis period). Approved budgets and long-term plans are adjusted for cash flow related to investments, future product improvements and new development, if the elements are considered significant for the impairment test. After the five years of explicit plans a terminal value is calculated based on 2.5% growth in net cash flow. To calculate value in use, the Group has used anticipated cash flow after tax and, correspondingly, discount rates after tax. The recoverable amount would not have been significantly different if cash flow before tax and the discount rate before tax had been used. The WACC after tax has been stipulated using an iterative method and is 8.29%. The assumptions are based on historical results and observable market data. Key assumptions Discount rate The discount rates are based on a weighted average cost of capital (WACC) method, whereby the cost of equity and the cost of liabilities are weighted according to an estimated capital structure. The discount rates reflect the market\u2019s required return on investment at the time of the test and in the industry to which the cash-generating unit belongs. The estimated capital structure is based on the average capital structure in the industry in which the cash generating unit operates and an assessment of what is a reasonable and prudent long-term capital structure. The CAPM model is used to estimate the cost of equity. In accordance with the CAPM model, the cost of equity consists of risk-free interest as well as an individual risk premium. The risk premium is the entity\u2019s systematic risk (beta), multiplied by the market\u2019s risk premium. The risk-free interest is estimated on a 10-year Norwegian government bond interest rate and is based on all cash flow being translated to NOK. The cost of liabilities represents an expected long-term after-tax interest rate for comparable liabilities and consists of risk-free interest and an interest spread. Profit margin (EBITDA) The profit margin is reviewed based on expectations of future development and historical performance. This gives the Group good prospects for order intake and is a solid basis for long-term growth. Growth rate Growth rates in the explicit prognosis period are based on management\u2019s expectations of market trends. The Group uses stable growth rates to extrapolate cash flow in excess of five years. The long- term growth rate beyond five years is not higher than the expected long-term growth rate in the indus- try in which the undertaking operates within. Market shares and macro trends Group entities monitors competition environment and market shares on a detailed level, both in the local geography and from a product point of view. StrongPoint is a retail technology company and exposed to global changes within technology development, international competition, supply change and raw material distribution following political, climate or international trading challenges etc, Expected changes in market shares or new competitive solutions that can influence future cash flow from the business units are taken into account in the impairment test. Risk Group management and Board of directors monitors and acts upon risk within the following areas: Strategic, operational, financial and sustainability/climate. Main assumptions in the impariment test are adjusted to reflect the risk environment that the Group operates within. Sensitivity analysis In connection with impairment tests of goodwill and intangible assets, sensitivity analyses are carried out. There will not be an impairment situation before relatively large changes in the key assumptions, and these changes are considered to be outside the reasonable outcome. Estimation uncertainty There will always be uncertainty related to the estimate of value in use. The assessments are based on key assumptions as described above, and are to a large degree influenced by market data for comparable companies, interest rates and other risk conditions. These calculations are based on discounted future cash flow, in which judgement was used as regards future profit and operation. Significant changes in the cash flow may affect the value of goodwill. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-335": { "value": "Other intangible assets (KNOK) 2022 2021 Technology Brand Customer Software Other Total Technology Brand Customer Software Other Total Acquisition costs 01.01 107 510 21 502 36 425 9 272 - 174 709 107 510 21 502 57 643 14 387 764 201 807 Acquired by aquisition - 10 000 56 000 - - 66 000 - - - - - - Investment - - - 104 - 104 - - - - - - Divestment - - - - - - - - - - -764 -764 Discontinued operations - - - - - - - - -21 218 -5 115 - -26 333 Acquisition costs 31.12 107 510 31 502 92 425 9 376 - 240 813 107 510 21 502 36 425 9 272 - 174 709 Accumulated impairments and depreciations 01.01 -101 268 - -35 344 -8 382 - -144 994 -96 644 - -54 539 -10 893 -115 -162 191 Access depreciation acquisitions - - - - - - - - - - 115 115 Discontinued operations - - - - - - - - 21 970 2 512 - 24 482 Accumulated impairments and depreciations 31.12 -105 655 -1 164 -42 632 -8 383 - -157 834 -101 268 - -35 344 -8 382 - -144 994 Translation differences -1 855 937 1 332 -890 - -476 -1 744 1 672 1 617 -890 - 654 Book value 31.12 - 31 275 51 125 103 - 82 503 4 498 23 174 2 699 - - 30 371 Depreciations of the year -4 387 -1 164 -7 288 -1 - -12 840 -4 624 - -2 774 -2 -2 -7 403 This year change in translation differences -110 -735 -285 - - -1 130 -510 -1 641 -1 058 1 503 -34 -1 740 Depreciation schedule 10 og 15 \u00e5r Impairment test 1-7 \u00e5r 4-7 \u00e5r - - 10 og 15 \u00e5r Impairment test 1-7 \u00e5r 4-7 \u00e5r 3 \u00e5r - Depreciation ratio 7-10% 14-100% 14-25% - - 7-10% 14-100% 14-25% 33% - In 2022 there have been expensed KNOK 42,993 (KNOK 32,763 in 2021) in research and development costs. Intangible assets regarding brand are related to CashGuard and ALS. ", "dimensions": { "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-336": { "value": "Impairment test of goodwill and intangible assets with indefinite useful life Impairment tests are carried out in order to assess the prospects of each cash flow-generating unit based on value in use. Value in use is measured against net book value for the cash flow- generating entity. The brands are considered to be indefinite due to the Group\u2019s strategy for 2025 which contains a growth path for the brands, and confirms the value of the IP in the balance sheet, as long term future cashflow is expected. The Group has used value in use to determine recoverable amounts for the cash flow-generating entities. Value in use is determined by using the discounted cash flow method. The expected cash flow is based on the business areas\u2019 budgets and long term plans, which are approved by StrongPoint\u2019s executive management and the Board. Budgets and long-term plans cover a five-year period (explicit prognosis period). Approved budgets and long-term plans are adjusted for cash flow related to investments, future product improvements and new development, if the elements are considered significant for the impairment test. After the five years of explicit plans a terminal value is calculated based on 2.5% growth in net cash flow. To calculate value in use, the Group has used anticipated cash flow after tax and, correspondingly, discount rates after tax. The recoverable amount would not have been significantly different if cash flow before tax and the discount rate before tax had been used. The WACC after tax has been stipulated using an iterative method and is 8.29%. The assumptions are based on historical results and observable market data. Key assumptions Discount rate The discount rates are based on a weighted average cost of capital (WACC) method, whereby the cost of equity and the cost of liabilities are weighted according to an estimated capital structure. The discount rates reflect the market\u2019s required return on investment at the time of the test and in the industry to which the cash-generating unit belongs. The estimated capital structure is based on the average capital structure in the industry in which the cash generating unit operates and an assessment of what is a reasonable and prudent long-term capital structure. The CAPM model is used to estimate the cost of equity. In accordance with the CAPM model, the cost of equity consists of risk-free interest as well as an individual risk premium. The risk premium is the entity\u2019s systematic risk (beta), multiplied by the market\u2019s risk premium. The risk-free interest is estimated on a 10-year Norwegian government bond interest rate and is based on all cash flow being translated to NOK. The cost of liabilities represents an expected long-term after-tax interest rate for comparable liabilities and consists of risk-free interest and an interest spread. Profit margin (EBITDA) The profit margin is reviewed based on expectations of future development and historical performance. This gives the Group good prospects for order intake and is a solid basis for long-term growth. Growth rate Growth rates in the explicit prognosis period are based on management\u2019s expectations of market trends. The Group uses stable growth rates to extrapolate cash flow in excess of five years. The long- term growth rate beyond five years is not higher than the expected long-term growth rate in the indus- try in which the undertaking operates within. Market shares and macro trends Group entities monitors competition environment and market shares on a detailed level, both in the local geography and from a product point of view. StrongPoint is a retail technology company and exposed to global changes within technology development, international competition, supply change and raw material distribution following political, climate or international trading challenges etc, Expected changes in market shares or new competitive solutions that can influence future cash flow from the business units are taken into account in the impairment test. Risk Group management and Board of directors monitors and acts upon risk within the following areas: Strategic, operational, financial and sustainability/climate. Main assumptions in the impariment test are adjusted to reflect the risk environment that the Group operates within. Sensitivity analysis In connection with impairment tests of goodwill and intangible assets, sensitivity analyses are carried out. There will not be an impairment situation before relatively large changes in the key assumptions, and these changes are considered to be outside the reasonable outcome. Estimation uncertainty There will always be uncertainty related to the estimate of value in use. The assessments are based on key assumptions as described above, and are to a large degree influenced by market data for comparable companies, interest rates and other risk conditions. These calculations are based on discounted future cash flow, in which judgement was used as regards future profit and operation. Significant changes in the cash flow may affect the value of goodwill. ", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-346": { "value": "Key assumptions Discount rate The discount rates are based on a weighted average cost of capital (WACC) method, whereby the cost of equity and the cost of liabilities are weighted according to an estimated capital structure. The discount rates reflect the market\u2019s required return on investment at the time of the test and in the industry to which the cash-generating unit belongs. The estimated capital structure is based on the average capital structure in the industry in which the cash generating unit operates and an assessment of what is a reasonable and prudent long-term capital structure. The CAPM model is used to estimate the cost of equity. In accordance with the CAPM model, the cost of equity consists of risk-free interest as well as an individual risk premium. The risk premium is the entity\u2019s systematic risk (beta), multiplied by the market\u2019s risk premium. The risk-free interest is estimated on a 10-year Norwegian government bond interest rate and is based on all cash flow being translated to NOK. The cost of liabilities represents an expected long-term after-tax interest rate for comparable liabilities and consists of risk-free interest and an interest spread. Profit margin (EBITDA) The profit margin is reviewed based on expectations of future development and historical performance. This gives the Group good prospects for order intake and is a solid basis for long-term growth. Growth rate Growth rates in the explicit prognosis period are based on management\u2019s expectations of market trends. The Group uses stable growth rates to extrapolate cash flow in excess of five years. The long- term growth rate beyond five years is not higher than the expected long-term growth rate in the indus- try in which the undertaking operates within. Market shares and macro trends Group entities monitors competition environment and market shares on a detailed level, both in the local geography and from a product point of view. StrongPoint is a retail technology company and exposed to global changes within technology development, international competition, supply change and raw material distribution following political, climate or international trading challenges etc, Expected changes in market shares or new competitive solutions that can influence future cash flow from the business units are taken into account in the impairment test. Risk Group management and Board of directors monitors and acts upon risk within the following areas: Strategic, operational, financial and sustainability/climate. Main assumptions in the impariment test are adjusted to reflect the risk environment that the Group operates within. Sensitivity analysis In connection with impairment tests of goodwill and intangible assets, sensitivity analyses are carried out. There will not be an impairment situation before relatively large changes in the key assumptions, and these changes are considered to be outside the reasonable outcome. Estimation uncertainty There will always be uncertainty related to the estimate of value in use. The assessments are based on key assumptions as described above, and are to a large degree influenced by market data for comparable companies, interest rates and other risk conditions. These calculations are based on discounted future cash flow, in which judgement was used as regards future profit and operation. Significant changes in the cash flow may affect the value of goodwill. Note 25: Estimation uncertainties When preparing the annual accounts in accordance with IFRS the company management has used estimates based on best judgement and assumptions that are considered to be realistic. Situations or changes in market conditions may occur that may lead to estimates being adjusted, thus affecting the company\u2019s assets, debts, equity and profit. The company\u2019s most significant accounting estimates are linked to the following items: \u2022 Business combinations \u2022 Impairment of intangible assets. \u2022 Impairment assessment of goodwill \u2022 Recognition of deferred tax on balance sheet \u2022 Warranty provisions StrongPoint must allocate the cost price of acquired entities to acquired assets and transferred debts based on estimated fair value. Significant intangible assets that StrongPoint has recognized includes customer contracts, customer base, brands, own technology and commitments in relation to any royalty agreements entered into. Assumptions taken into account when valuing assets include, but are not limited to, the replacement cost of fixed assets and fair value. The management\u2019s estimates of fair value are based on assumptions that are considered to be reasonable, but that are by nature uncertain. As a result the actual results may differ from the estimates. Depreciation periods and amounts are given in note 11. Management prepare a Key Audit Matter report to the Audit Committee at least every 6 months, where major estimates are discussed and agreed. Goodwill and brands as stated on the balance sheet are evaluated for impairment whenever there are indications of impairment, at least annually. The valuation is based on value in use when discounting expected future cash flow. The valuation is carried out with starting points in next year\u2019s budget and in a forecast for the next four years. Next, a terminal value is calculated based on 2.5% growth in net cash flow. The most sensitive assumption used in the estimates is that of future turnover growth, but EBITDA and discount rate are also important. The assumptions and sensitivity analysis are detailed in note 11. The management has used estimates and assessments when making provisions for obsolete stock and future warranty costs. The provisions have been made with basis in a historical assessment of provision requirements, past figures for returns and under-warranty repairs and the age distribution of stock. Further details are provided in note 12 for stock and note 27 for warranty provisions. The sale of Labels business and the acquisition of Air Link Group does not have any variable price mechanisms. An accrual for potential guarrantee claims of 1.5 MNOK are released in December 2022 as management does not expect any claims. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-274": { "value": "Note 12: Inventories Inventories (KNOK) 2022 2021 Inventories 242 540 222 582 Provision for obsolete stock -10 416 -11 326 Total 232 124 211 256 Provision for obsolete stock (KNOK) 2022 2021 Provision for obsolete stock, opening balance -11 326 -12 912 Taken to income/charged to expense (-) change in provision 910 1 586 Provision for obsolete stock, closing balance -10 416 -11 326 Inventories are measured at the lower of cost and net realisable value. The stock is pledged as security for loans, see note 15. The cost of goods sold of KNOK 850,956 includes direct costs of goods with KNOK 578,407. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-311": { "value": "The cost of goods sold of KNOK 850,956 includes direct costs of goods with KNOK 578,407. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-275": { "value": "Note 13: Other receivables Short term receivables (KNOK) 2022 2021 Accounts receivables 274 348 175 627 Prepaid expenses 25 731 16 646 Other receivables 16 265 13 885 Total short term receivables 31.12 316 344 206 158 Other receivables included MNOK 4.4 in expected government grants (SkatteFUNN) refunds for development costs in 2022. This was booked as reduction of other operating expenses. Changes in provision for bad debts (KNOK) 2022 2021 01.01 6 981 5 251 Discontinued operations - -16 Acquisition 138 - Applied provisions -1 145 27 Reversed provisions -2 119 -1 325 New provision for bad debt 2 173 3 044 Total 31.12 6 027 6 981 The provisions per 31.12.2022 are not directly related to individual customers. Losses on bad debts are classified as other operating expenses in the income statement. Aging of accounts receivables (KNOK) 2022 2021 Not due 206 384 158 854 0-3 months 67 414 16 197 3-6 months 550 556 6-12 months - 21 Older than 12 months - - Total 31.12 274 348 175 627 Long term receivables (KNOK) 2022 2021 Earn-out Cash Security 1) - 14 650 Loan to Joint venture company in Spain 13 668 - Deposit rented offices 1 479 972 Total long term receivables 31.12 15 147 15 622 1) Expected Earn-out from sale of Cash Security in 2020 of MNOK 1.4 is included short term receivables. ", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-277": { "value": "Note 15: Interest-bearing debt and secured debt Debt per 31.12. and specification of terms. Figures in KNOK Type of loan 2022 2021 Borrowing terms Average nominal interest for 2022 Multi-currency, group credit account 1) 22 137 - Overdraft limit MNOK 100, not time limited 2,98% Repayment loan 11 455 12 985 Quarterly repayments 1,72 Short term debt 4 165 3 068 Repayment in 2023 2,6%-5,77% Leasing liabilities 81 203 42 009 Monthly and quarterly payments Total interest bearing debt 118 960 58 062 1) The Groups\u2019 main bank connection has loan covenants in relation to the ratio between NIBD/EBITDA. The loan agreements are measured on a quarterly basis. See note 17 for more information. All loans are secured. Distribution of long-term and short-term interest bearing debts: KNOK 2022 2021 Bank overdraft 22 137 - Current interest-bearing liabilities 29 310 20 854 Due after one year 67 513 37 208 Total interest-bearing debt 118 960 58 062 Pledged assets per 31.12. and book value: Asset 31.12.2022 31.12.2021 Operating equipment and inventories for StrongPoint AS 115 442 147 375 Lien over F\u00f6retagsinnteckning StrongPoint AB 1) 109 844 113 237 Co-surety Norway, Sweden, the Baltics and UK* 135 000 135 000 * The foreign companies liabilities are limited to the amount the guarantor at any time has drawn. 1) F\u00f6retagsinnteckning is equivalent to a priority lien over the company\u2019s assets. Change in liabilities arising from financing activities: KNOK 31.12.2021 CashFlow New contracts Currency differences 31.12.2022 Interest bearing liabilities 16 004 16 897 - 4 855 37 757 Lease liabilities 42 058 -19 503 58 694 -46 81 203 Total 58 062 -2 605 58 694 4 809 118 960 KNOK 31.12.2020 CashFlow New contracts 31.12.2021 Interest bearing liabilities 54 335 -38 331 - 16 004 Lease liabilities 54 816 -17 267 4 510 42 058 Total 109 151 -55 598 4 510 58 062 ", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-276": { "value": "Note 14: Cash and cash equivalents KNOK 2022 2021 Cash and bank deposits 47 248 174 198 Overdraft 22 137 - Unused overdraft facilities 77 863 100 000 The Group had liquid assets (bank deposits and unused overdraft facilities) of MNOK 125.1 per 31.12.2022 (2021: MNOK 274.2). KNOK 2,611 are restricted funds pr. 31.12.2022 (2021: KNOK 0). The Group has a cash pool arrangement allowing efficient distribution of cash between the different business units, and can withdraw up to MNOK 100 from the Group\u2019s overdraft facility if necessary to cover short term liquidity needs. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-312": { "value": "Note 14: Cash and cash equivalents KNOK 2022 2021 Cash and bank deposits 47 248 174 198 Overdraft 22 137 - Unused overdraft facilities 77 863 100 000 The Group had liquid assets (bank deposits and unused overdraft facilities) of MNOK 125.1 per 31.12.2022 (2021: MNOK 274.2). KNOK 2,611 are restricted funds pr. 31.12.2022 (2021: KNOK 0). The Group has a cash pool arrangement allowing efficient distribution of cash between the different business units, and can withdraw up to MNOK 100 from the Group\u2019s overdraft facility if necessary to cover short term liquidity needs. ", "dimensions": { "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-278": { "value": "
Note 16: Leasing commitments
Tenancy agreements on premises has a lease-term of 1.5 - 10 years. Annual payment for these
premises is approx. KNOK 17,078.
Leasing contracts on vehicles has a lease-term of 1 - 6 years. Annual payment is approx.
KNOK 6,498.
Leasing contracts on inventory (copy machines, coffe machines etc.) has a lease-term of
1 - 3 years. Annual payment is approx. KNOK 587.
The numbers above includes approxemately MNOK 1 as leasing expenses in the P&L regarding
contracts with a lifetime of less than one year and a value of less than KNOK 100. These contracts
are not booked as leasing commitments in the balance sheet.
At the commencement date the present value of the lease payments has been calculated based on
the lessee\u2019s incremental borrowing rate. The discount rate is 9.5%, included an interest rate of 7.5%
business risk and 2.0% risk free.
The carrying value of financial leasing and IFRS16 leasing are included in note 10.
Future minimum rent for the leasing
contracts per 31.12 is as follows:
The present value of
future payments
2022KNOK 2022 2021
Within one year 24 164 18 180 22 067
After one year, but within five years 53 504 35 191 40 22 4
After more than five years 20 854 1 076 12 098
Total 98 522 54 448 74 389
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-279": { "value": "Note 17: Financial instruments Financial risks StrongPoint\u2019s activities expose the group to exchange rate-, interest-, credit- and liquidity risks. (i) Credit risks The Group\u2019s credit risk is related to the sale of goods and services on credit. The Group has established guidelines to ensure that sales are only made to customers who have not had significant payment problems earlier and that the outstanding amount do not exceed credit limits. Guidelines are implemented to prevent the company\u2019s risk associated with loans and guarantees related to employees and customers. Per 31.12.2022 the Group had KNOK 274,348 in outstanding accounts receivables. Of this KNOK 67,964 were overdue, traditionally most of the overdue amount are paid a few days after period end. The Group has historically had a low rate of loss on receivables. This year\u2019s expenses in relation to bad debts amounting to a cost of KNOK 1,203, including realized losses and changes in the provision for bad debts. (ii) Interest rate risk The company\u2019s interest-bearing debt increased in 2022. The interest risk is measured by the group treasury department by simulating the effect of a change in interest rates. The simulation illustrates the cash effect of a change in interest rates given the loan size and the level of any existing interest rate hedging. The results from the simulation are used to support decisions concerning the possible conclusion of fixed-rate contracts. As a result of this the group\u2019s interest-bearing debt has a floating interest rate at year-end. It has not been used fixed rate contracts or other hedging instruments in 2022 or 2021. Based on the financial instruments in existence as of 31 December 2022, a general increase in interest rates of two per cent will reduce pre-tax profits by KNOK 800. KNOK 2022 2021 Total interest-bearing debt 118 960 58 06 2 Cash 47 248 174 198 Net interest-bearing debt 71 712 -116 136 Total capital adjusted for Goodwill 825 722 721 891 Debt ratio 9% -16% The average effective rate of interest on financial instruments was as follows: The interest rate on overdraft are based on 1 month NIBOR for the draft in NOK, 1 month STIBOR SEK, 1 month EURIBOR EUR and 1 month SONIA for GBP. The interest rate on the largest long-term loan are fixed until 2026. The interest rate on the smaler loans is determined quarterly. See note 15 for information about long-term loans and note 16 for information about liabilities in relation to financial leasing agreements. (iii) Liquidity risk The Group manages liquidity risk by monitoring the expected future cash from operations and available cash and credit facilities are adequate to serve the operational and financial obligations. This is done by preparing cash flow forecasts 12 months ahead, and detailed monthly cash monitoring, based on different outcomes in turnover and productmix. Capital tied up in the individual business units are supervised, focusing on inventory, accounts receivable, financing and accounts payable. The group\u2019s strategy is to have sufficient cash, cash equivalents or credit facilities available at any time to be able to finance operations and investments for the next 6 months. Excess liquidity is mainly located in the Groups Cash Pool which is netted against overdraft. Unused credit facilities are described in note 14. The loan agreement with the main financial institution has a claim (covenant) in which the ratio of net interest bearing debt and moving 12-month earnings before depreciation (EBITDA) shall not exceed 3.5. This is measured quarterly. The company met this requirement in 2022 and 2021. Interest bearing debt was totally increased by MNOK 60.9 during 2022, of which MNOK 40.0 was related to IFRS 16 liabilities. This combined with the EBITDA of MNOK 75.5 (MNOK 53.6 in 2021) resulted in net debt divided by 12 month rolling income before depreciation (EBITDA) per 31.12.2022 was 0.95. Per 31.12.2021 it was measured -2.17. 2022 2021 Bank overdraft 2,98% 1,74% Short term loans 4,19% 1,88% Long term loans 1,72% 1,72% Overview of maturity structures of financial liabilities: The payment of financial obligations is intended to be covered by the payment of accounts receivable, sale of goods and services, and available cash and available credit facilities. (iv) Currency risks The Company has no material debt or bank deposits in foreign currency, except Euro, Norwegian and Swedish kroner. The main exposure to foreign currency derived from accounts payable and accounts receivable in connection with the purchase and sale of goods in foreign currency, and contracts where the sales price is determined in a currency other than the cost of goods sold. The Group is mainly exposed to fluctuations in the price of goods bought in foreign currencies, primarily in SEK, USD, EUR and GBP, and sale of goods in EUR. The company do not normally use forward contracts to hedge this exposure. Large currency fluctuations are compensated by contracted agreement allowing adjusted sales prices accordingly. (v) Financial investments Excess liquidity is placed in the Group\u2019s cashpool to reduce its short-term interest-bearing debt. The company uses a small degree of financial investments. KNOK Balance sheet amount 0-6 months 6-12 months 1-2 year 2-3 year more than 3 years Undefined Secured loans (long and short term interest bearing debt) 15 620 3 751 3 782 3 426 3 485 1 175 - Secured loans, interest IA 153 104 110 50 IA - Overdraft (short-term interest bearing debt) 1) 22 137 - - - - - 22 137 Overdraft, interest IA - - - - IA - Financial leasing (long-term and short-term interest bearing debt) 2 240 416 416 726 463 219 - Financial leasing, interest IA 21 17 21 9 IA - IFRS16 leasing (long-term and short-term interest bearing debt) 78 963 10 472 10 472 13 999 11 643 32 377 - IFRS16 leasing, interest IA 1 416 1 416 2 323 1 910 IA - Accounts payable 147 839 147 839 - - - - - Net liabilities financial instruments 266 799 164 069 16 208 20 605 17 561 33 771 22 137 1) The overdraft contract with Danske Bank runs until renegotiated by either party. A change of 5% exchange rate as at 31 December 2022 would have resulted in the following effects on the profit in the group Sensitivity currency exposure; SEK weakened by 5% against EUR -168 SEK weakened by 5% against GBP - SEK weakened by 5% against USD -47 NOK weakened by 5% against SEK 234 NOK weakened by 5% against EUR 87 NOK weakened by 5% against GBP 12 NOK weakened by 5% against USD 237 (vi) Capital structure The Board aims to maintain a strong capital base in order to retain the trust of shareholders, creditors and the market in order to continually develop the company. The Board want to create a balance between higher return, which is made possible by higher borrowing levels, and the benefits and security provided by a solid equity. The Board aims to ensure that StrongPoint shareholders will over time gain a competitive return on their investment through a combination of cash dividends and increased value of their shares. In determining the annual dividend, the Board will take into account the expected cash flow, investments in organic growth, plans for growth through mergers and acquisitions, and the need for adequate financial flexibility. The level of net debt is measured in terms of cash flow. The company is comfortable with the level of debt per 31.12.22 (viii) Fair value measurement The following table provides the fair value measurement hierarchy of the Group\u2019s assets and liabilities. Due to their short term nature, the carrying value of current financial assets and liabilities is deemed as reasonable approximation to the fair value of the financial assets and liabilities. As such, the carrying amount is considered not to be significantly different from the fair value. Based on characteristics of the financial instruments recognized in the consolidated financial statements, these have been grouped in classes and categories as described below. The estimated fair value corresponds substantially carrying value. Other long term investments are classifed as equity instruments designated at fair value, according to IFRS 9. The balance sheet value of cash and cash equivalents and overdrafts is approximate to the fair value as these instruments have a short expiry period. Similarly, the balance sheet value of accounts receivables and accounts payable is approximate to the fair value as they are agreed on \u201cordinary\u201d terms. Book value of debt is deemed to be equivalent to market value, since the company should be able to refinance the loan at the same rate in the market. Fair value measurement using Date of valuation Total Significant unobservable inputs (Level 3) Assets measured at fair value: Financial assets Cash 31 December 2022 47 248 47 248 Accounts receivable 31 December 2022 274 348 274 348 Other long-term investments 31 December 2022 4 001 4 001 Financial debts Accounts payable 31 December 2022 -147 839 -147 839 Bank loans 31 December 2022 -15 620 -15 620 Financial leasing liabilities 31 December 2022 -2 240 -2 240 ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-313": { "value": "Note 17: Financial instruments Financial risks StrongPoint\u2019s activities expose the group to exchange rate-, interest-, credit- and liquidity risks. (i) Credit risks The Group\u2019s credit risk is related to the sale of goods and services on credit. The Group has established guidelines to ensure that sales are only made to customers who have not had significant payment problems earlier and that the outstanding amount do not exceed credit limits. Guidelines are implemented to prevent the company\u2019s risk associated with loans and guarantees related to employees and customers. Per 31.12.2022 the Group had KNOK 274,348 in outstanding accounts receivables. Of this KNOK 67,964 were overdue, traditionally most of the overdue amount are paid a few days after period end. The Group has historically had a low rate of loss on receivables. This year\u2019s expenses in relation to bad debts amounting to a cost of KNOK 1,203, including realized losses and changes in the provision for bad debts. (ii) Interest rate risk The company\u2019s interest-bearing debt increased in 2022. The interest risk is measured by the group treasury department by simulating the effect of a change in interest rates. The simulation illustrates the cash effect of a change in interest rates given the loan size and the level of any existing interest rate hedging. The results from the simulation are used to support decisions concerning the possible conclusion of fixed-rate contracts. As a result of this the group\u2019s interest-bearing debt has a floating interest rate at year-end. It has not been used fixed rate contracts or other hedging instruments in 2022 or 2021. Based on the financial instruments in existence as of 31 December 2022, a general increase in interest rates of two per cent will reduce pre-tax profits by KNOK 800. KNOK 2022 2021 Total interest-bearing debt 118 960 58 06 2 Cash 47 248 174 198 Net interest-bearing debt 71 712 -116 136 Total capital adjusted for Goodwill 825 722 721 891 Debt ratio 9% -16% The average effective rate of interest on financial instruments was as follows: The interest rate on overdraft are based on 1 month NIBOR for the draft in NOK, 1 month STIBOR SEK, 1 month EURIBOR EUR and 1 month SONIA for GBP. The interest rate on the largest long-term loan are fixed until 2026. The interest rate on the smaler loans is determined quarterly. See note 15 for information about long-term loans and note 16 for information about liabilities in relation to financial leasing agreements. (iii) Liquidity risk The Group manages liquidity risk by monitoring the expected future cash from operations and available cash and credit facilities are adequate to serve the operational and financial obligations. This is done by preparing cash flow forecasts 12 months ahead, and detailed monthly cash monitoring, based on different outcomes in turnover and productmix. Capital tied up in the individual business units are supervised, focusing on inventory, accounts receivable, financing and accounts payable. The group\u2019s strategy is to have sufficient cash, cash equivalents or credit facilities available at any time to be able to finance operations and investments for the next 6 months. Excess liquidity is mainly located in the Groups Cash Pool which is netted against overdraft. Unused credit facilities are described in note 14. The loan agreement with the main financial institution has a claim (covenant) in which the ratio of net interest bearing debt and moving 12-month earnings before depreciation (EBITDA) shall not exceed 3.5. This is measured quarterly. The company met this requirement in 2022 and 2021. Interest bearing debt was totally increased by MNOK 60.9 during 2022, of which MNOK 40.0 was related to IFRS 16 liabilities. This combined with the EBITDA of MNOK 75.5 (MNOK 53.6 in 2021) resulted in net debt divided by 12 month rolling income before depreciation (EBITDA) per 31.12.2022 was 0.95. Per 31.12.2021 it was measured -2.17. 2022 2021 Bank overdraft 2,98% 1,74% Short term loans 4,19% 1,88% Long term loans 1,72% 1,72% Overview of maturity structures of financial liabilities: The payment of financial obligations is intended to be covered by the payment of accounts receivable, sale of goods and services, and available cash and available credit facilities. (iv) Currency risks The Company has no material debt or bank deposits in foreign currency, except Euro, Norwegian and Swedish kroner. The main exposure to foreign currency derived from accounts payable and accounts receivable in connection with the purchase and sale of goods in foreign currency, and contracts where the sales price is determined in a currency other than the cost of goods sold. The Group is mainly exposed to fluctuations in the price of goods bought in foreign currencies, primarily in SEK, USD, EUR and GBP, and sale of goods in EUR. The company do not normally use forward contracts to hedge this exposure. Large currency fluctuations are compensated by contracted agreement allowing adjusted sales prices accordingly. (v) Financial investments Excess liquidity is placed in the Group\u2019s cashpool to reduce its short-term interest-bearing debt. The company uses a small degree of financial investments. KNOK Balance sheet amount 0-6 months 6-12 months 1-2 year 2-3 year more than 3 years Undefined Secured loans (long and short term interest bearing debt) 15 620 3 751 3 782 3 426 3 485 1 175 - Secured loans, interest IA 153 104 110 50 IA - Overdraft (short-term interest bearing debt) 1) 22 137 - - - - - 22 137 Overdraft, interest IA - - - - IA - Financial leasing (long-term and short-term interest bearing debt) 2 240 416 416 726 463 219 - Financial leasing, interest IA 21 17 21 9 IA - IFRS16 leasing (long-term and short-term interest bearing debt) 78 963 10 472 10 472 13 999 11 643 32 377 IFRS16 leasing, interest IA 1 416 1 416 2 323 1 910 IA - Accounts payable 147 839 147 839 - - - - - Net liabilities financial instruments 266 799 164 069 16 208 20 605 17 561 33 771 22 137 1) The overdraft contract with Danske Bank runs until renegotiated by either party. A change of 5% exchange rate as at 31 December 2022 would have resulted in the following effects on the profit in the group Sensitivity currency exposure; SEK weakened by 5% against EUR -168 SEK weakened by 5% against GBP - SEK weakened by 5% against USD -47 NOK weakened by 5% against SEK 234 NOK weakened by 5% against EUR 87 NOK weakened by 5% against GBP 12 NOK weakened by 5% against USD 237 (vi) Capital structure The Board aims to maintain a strong capital base in order to retain the trust of shareholders, creditors and the market in order to continually develop the company. The Board want to create a balance between higher return, which is made possible by higher borrowing levels, and the benefits and security provided by a solid equity. The Board aims to ensure that StrongPoint shareholders will over time gain a competitive return on their investment through a combination of cash dividends and increased value of their shares. In determining the annual dividend, the Board will take into account the expected cash flow, investments in organic growth, plans for growth through mergers and acquisitions, and the need for adequate financial flexibility. The level of net debt is measured in terms of cash flow. The company is comfortable with the level of debt per 31.12.22 (viii) Fair value measurement The following table provides the fair value measurement hierarchy of the Group\u2019s assets and liabilities. Due to their short term nature, the carrying value of current financial assets and liabilities is deemed as reasonable approximation to the fair value of the financial assets and liabilities. As such, the carrying amount is considered not to be significantly different from the fair value. Based on characteristics of the financial instruments recognized in the consolidated financial statements, these have been grouped in classes and categories as described below. The estimated fair value corresponds substantially carrying value. Other long term investments are classifed as equity instruments designated at fair value, according to IFRS 9. The balance sheet value of cash and cash equivalents and overdrafts is approximate to the fair value as these instruments have a short expiry period. Similarly, the balance sheet value of accounts receivables and accounts payable is approximate to the fair value as they are agreed on \u201cordinary\u201d terms. Book value of debt is deemed to be equivalent to market value, since the company should be able to refinance the loan at the same rate in the market. Fair value measurement using Date of valuation Total Significant unobservable inputs (Level 3) Assets measured at fair value: Financial assets Cash 31 December 2022 47 248 47 248 Accounts receivable 31 December 2022 274 348 274 348 Other long-term investments 31 December 2022 4 001 4 001 Financial debts Accounts payable 31 December 2022 -147 839 -147 839 Bank loans 31 December 2022 -15 620 -15 620 Financial leasing liabilities 31 December 2022 -2 240 -2 240 ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-327": { "value": "(i) Credit risks The Group\u2019s credit risk is related to the sale of goods and services on credit. The Group has established guidelines to ensure that sales are only made to customers who have not had significant payment problems earlier and that the outstanding amount do not exceed credit limits. Guidelines are implemented to prevent the company\u2019s risk associated with loans and guarantees related to employees and customers. Per 31.12.2022 the Group had KNOK 274,348 in outstanding accounts receivables. Of this KNOK 67,964 were overdue, traditionally most of the overdue amount are paid a few days after period end. The Group has historically had a low rate of loss on receivables. This year\u2019s expenses in relation to bad debts amounting to a cost of KNOK 1,203, including realized losses and changes in the provision for bad debts. KNOK 2022 2021 Total interest-bearing debt 118 960 58 06 Cash 47 248 174 198 Net interest-bearing debt 71 712 -116 136 Total capital adjusted for Goodwill 825 722 721 891 Debt ratio 9% -16% ", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-337": { "value": "(ii) Interest rate risk The company\u2019s interest-bearing debt increased in 2022. The interest risk is measured by the group treasury department by simulating the effect of a change in interest rates. The simulation illustrates the cash effect of a change in interest rates given the loan size and the level of any existing interest rate hedging. The results from the simulation are used to support decisions concerning the possible conclusion of fixed-rate contracts. As a result of this the group\u2019s interest-bearing debt has a floating interest rate at year-end. It has not been used fixed rate contracts or other hedging instruments in 2022 or 2021. Based on the financial instruments in existence as of 31 December 2022, a general increase in interest rates of two per cent will reduce pre-tax profits by KNOK 800. The average effective rate of interest on financial instruments was as follows: The interest rate on overdraft are based on 1 month NIBOR for the draft in NOK, 1 month STIBOR SEK, 1 month EURIBOR EUR and 1 month SONIA for GBP. The interest rate on the largest long-term loan are fixed until 2026. The interest rate on the smaler loans is determined quarterly. See note 15 for information about long-term loans and note 16 for information about liabilities in relation to financial leasing agreements. (iii) Liquidity risk The Group manages liquidity risk by monitoring the expected future cash from operations and available cash and credit facilities are adequate to serve the operational and financial obligations. This is done by preparing cash flow forecasts 12 months ahead, and detailed monthly cash monitoring, based on different outcomes in turnover and productmix. Capital tied up in the individual business units are supervised, focusing on inventory, accounts receivable, financing and accounts payable. The group\u2019s strategy is to have sufficient cash, cash equivalents or credit facilities available at any time to be able to finance operations and investments for the next 6 months. Excess liquidity is mainly located in the Groups Cash Pool which is netted against overdraft. Unused credit facilities are described in note 14. The loan agreement with the main financial institution has a claim (covenant) in which the ratio of net interest bearing debt and moving 12-month earnings before depreciation (EBITDA) shall not exceed 3.5. This is measured quarterly. The company met this requirement in 2022 and 2021. Interest bearing debt was totally increased by MNOK 60.9 during 2022, of which MNOK 40.0 was related to IFRS 16 liabilities. This combined with the EBITDA of MNOK 75.5 (MNOK 53.6 in 2021) resulted in net debt divided by 12 month rolling income before depreciation (EBITDA) per 31.12.2022 was 0.95. Per 31.12.2021 it was measured -2.17. 2022 2021 Bank overdraft 2,98% 1,74% Short term loans 4,19% 1,88% Long term loans 1,72% 1,72% Overview of maturity structures of financial liabilities: KNOK Balance sheet amount 0-6 months 6-12 months 1-2 year 2-3 year more than 3 years Undefined Secured loans (long and short term interest bearing debt) 15 620 3 751 3 782 3 426 3 485 1 175 - Secured loans, interest IA 153 104 110 50 IA - Overdraft (short-term interest bearing debt) 1) 22 137 - - - - - 22 137 Overdraft, interest IA - - - - IA - Financial leasing (long-term and short-term interest bearing debt) 2 240 416 416 726 463 219 - Financial leasing, interest IA 21 17 21 9 IA - IFRS16 leasing (long-term and short-term interest bearing debt) 78 963 10 472 10 472 13 999 11 643 32 377 IFRS16 leasing, interest IA 1 416 1 416 2 323 1 910 IA - Accounts payable 147 839 147 839 - - - - - Net liabilities financial instruments 266 799 164 069 16 208 20 605 17 561 33 771 22 137 1) The overdraft contract with Danske Bank runs until renegotiated by either party. The payment of financial obligations is intended to be covered by the payment of accounts receivable, sale of goods and services, and available cash and available credit facilities. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-325": { "value": "(ii) Interest rate risk The company\u2019s interest-bearing debt increased in 2022. The interest risk is measured by the group treasury department by simulating the effect of a change in interest rates. The simulation illustrates the cash effect of a change in interest rates given the loan size and the level of any existing interest rate hedging. The results from the simulation are used to support decisions concerning the possible conclusion of fixed-rate contracts. As a result of this the group\u2019s interest-bearing debt has a floating interest rate at year-end. It has not been used fixed rate contracts or other hedging instruments in 2022 or 2021. Based on the financial instruments in existence as of 31 December 2022, a general increase in interest rates of two per cent will reduce pre-tax profits by KNOK 800. The average effective rate of interest on financial instruments was as follows: The interest rate on overdraft are based on 1 month NIBOR for the draft in NOK, 1 month STIBOR SEK, 1 month EURIBOR EUR and 1 month SONIA for GBP. The interest rate on the largest long-term loan are fixed until 2026. The interest rate on the smaler loans is determined quarterly. See note 15 for information about long-term loans and note 16 for information about liabilities in relation to financial leasing agreements. 2022 2021 Bank overdraft 2,98% 1,74% Short term loans 4,19% 1,88% Long term loans 1,72% 1,72% ", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-326": { "value": "(iii) Liquidity risk The Group manages liquidity risk by monitoring the expected future cash from operations and available cash and credit facilities are adequate to serve the operational and financial obligations. This is done by preparing cash flow forecasts 12 months ahead, and detailed monthly cash monitoring, based on different outcomes in turnover and productmix. Capital tied up in the individual business units are supervised, focusing on inventory, accounts receivable, financing and accounts payable. The group\u2019s strategy is to have sufficient cash, cash equivalents or credit facilities available at any time to be able to finance operations and investments for the next 6 months. Excess liquidity is mainly located in the Groups Cash Pool which is netted against overdraft. Unused credit facilities are described in note 14. The loan agreement with the main financial institution has a claim (covenant) in which the ratio of net interest bearing debt and moving 12-month earnings before depreciation (EBITDA) shall not exceed 3.5. This is measured quarterly. The company met this requirement in 2022 and 2021. Interest bearing debt was totally increased by MNOK 60.9 during 2022, of which MNOK 40.0 was related to IFRS 16 liabilities. This combined with the EBITDA of MNOK 75.5 (MNOK 53.6 in 2021) resulted in net debt divided by 12 month rolling income before depreciation (EBITDA) per 31.12.2022 was 0.95. Per 31.12.2021 it was measured -2.17. Overview of maturity structures of financial liabilities: KNOK Balance sheet amount 0-6 months 6-12 months 1-2 year 2-3 year more than 3 years Undefined Secured loans (long and short term interest bearing debt) 15 620 3 751 3 782 3 426 3 485 1 175 - Secured loans, interest IA 153 104 110 50 IA - Overdraft (short-term interest bearing debt) 1) 22 137 - - - - - 22 137 Overdraft, interest IA - - - - IA - Financial leasing (long-term and short-term interest bearing debt) 2 240 416 416 726 463 219 - Financial leasing, interest IA 21 17 21 9 IA - IFRS16 leasing (long-term and short-term interest bearing debt) 78 963 10 472 10 472 13 999 11 643 32 377 IFRS16 leasing, interest IA 1 416 1 416 2 323 1 910 IA - Accounts payable 147 839 147 839 - - - - - Net liabilities financial instruments 266 799 164 069 16 208 20 605 17 561 33 771 22 137 1) The overdraft contract with Danske Bank runs until renegotiated by either party. The payment of financial obligations is intended to be covered by the payment of accounts receivable, sale of goods and services, and available cash and available credit facilities. ", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-338": { "value": "(vi) Capital structure The Board aims to maintain a strong capital base in order to retain the trust of shareholders, creditors and the market in order to continually develop the company. The Board want to create a balance between higher return, which is made possible by higher borrowing levels, and the benefits and security provided by a solid equity. The Board aims to ensure that StrongPoint shareholders will over time gain a competitive return on their investment through a combination of cash dividends and increased value of their shares. In determining the annual dividend, the Board will take into account the expected cash flow, investments in organic growth, plans for growth through mergers and acquisitions, and the need for adequate financial flexibility. The level of net debt is measured in terms of cash flow. The company is comfortable with the level of debt per 31.12.22 ", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-328": { "value": "(viii) Fair value measurement The following table provides the fair value measurement hierarchy of the Group\u2019s assets and liabilities. Due to their short term nature, the carrying value of current financial assets and liabilities is deemed as reasonable approximation to the fair value of the financial assets and liabilities. As such, the carrying amount is considered not to be significantly different from the fair value. Based on characteristics of the financial instruments recognized in the consolidated financial statements, these have been grouped in classes and categories as described below. The estimated fair value corresponds substantially carrying value. Other long term investments are classifed as equity instruments designated at fair value, according to IFRS 9. The balance sheet value of cash and cash equivalents and overdrafts is approximate to the fair value as these instruments have a short expiry period. Similarly, the balance sheet value of accounts receivables and accounts payable is approximate to the fair value as they are agreed on \u201cordinary\u201d terms. Book value of debt is deemed to be equivalent to market value, since the company should be able to refinance the loan at the same rate in the market. Fair value measurement using Date of valuation Total Significant unobservable inputs (Level 3) Assets measured at fair value: Financial assets Cash 31 December 2022 47 248 47 248 Accounts receivable 31 December 2022 274 348 274 348 Other long-term investments 31 December 2022 4 001 4 001 Financial debts Accounts payable 31 December 2022 -147 839 -147 839 Bank loans 31 December 2022 -15 620 -15 620 Financial leasing liabilities 31 December 2022 -2 240 -2 240 ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-341": { "value": "(viii) Fair value measurement The following table provides the fair value measurement hierarchy of the Group\u2019s assets and liabilities. Due to their short term nature, the carrying value of current financial assets and liabilities is deemed as reasonable approximation to the fair value of the financial assets and liabilities. As such, the carrying amount is considered not to be significantly different from the fair value. Based on characteristics of the financial instruments recognized in the consolidated financial statements, these have been grouped in classes and categories as described below. The estimated fair value corresponds substantially carrying value. Other long term investments are classifed as equity instruments designated at fair value, according to IFRS 9. The balance sheet value of cash and cash equivalents and overdrafts is approximate to the fair value as these instruments have a short expiry period. Similarly, the balance sheet value of accounts receivables and accounts payable is approximate to the fair value as they are agreed on \u201cordinary\u201d terms. Book value of debt is deemed to be equivalent to market value, since the company should be able to refinance the loan at the same rate in the market. Fair value measurement using Date of valuation Total Significant unobservable inputs (Level 3) Assets measured at fair value: Financial assets Cash 31 December 2022 47 248 47 248 Accounts receivable 31 December 2022 274 348 274 348 Other long-term investments 31 December 2022 4 001 4 001 Financial debts Accounts payable 31 December 2022 -147 839 -147 839 Bank loans 31 December 2022 -15 620 -15 620 Financial leasing liabilities 31 December 2022 -2 240 -2 240 ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-280": { "value": "
Note 18: Transactions with related parties
There have been no transactions with Board members and employees in 2022.
Transactions with associated companies
The group carried out a number of transactions with Spok AS in 2022 and 2021. All transactions were
carried out as part of its ordinary activities and at ordinary business conditions.
The balance includes the following amounts resulting from transactions with the associated company:
The Group will continue to financially support the Joint Venture in Spain as long as the outcome of the
R&D project give an expected positive return of investment. The Group has no other binding future
transactions with related parties.
2022 2021
KNOK Sale Purchase Sale Purchase
Spok AS 290 3 628 609 3 657
2022 2021
KNOK Receivables Debt Receivables Debt
Spok AS - 7 - 26
StrongPoint Cash Tech S.L.
(under establishment)
13 668 - - -
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-281": { "value": "Note 19: Post balance sheet events No significant events have occurred after the balance sheet date. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-282": { "value": "Note 20: Overview of subsidiaries The following subsidiares are included in the consolidated accounts: Company Adress Main area of business Share of votes Stake StrongPoint AS 1) R\u00e6lingen Service and product provider 100% 100% StrongPoint AB G\u00f6teborg (Sweden) Service and product provider 100% 100% StrongPoint Retail Solutions Sdn Bhd Malaysia Under liquidation 100% 100% StrongPoint UAB 2) Vilnius (Lithuania) Service and product provider 100% 100% StrongPoint S.L.U Spain Service and product provider 100% 100% StrongPoint E-com AB T\u00e4by (Sweden) Production and sales 100% 100% Air Link Group Ltd 3) Birmingham (UK) Service and product provider 100% 100% StrongPoint Retail Ltd Manchester (UK) Sales Office 100% 100% 1) StrongPoint AS owns 100% of its company in Germany. 2) StrongPoint UAB owns 100% of its sales companies in Latvia and Estonia. 3) Air Link Group Ltd owns 100% of its sales companies in UK, Ireland and Belgium. ", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-283": { "value": "Note 21: Exchange rates Profit or loss items in the subsidiaries are converted to NOK monthly, based on the average exchange rate of that month. Balance sheet items for the subsidiaries are converted to NOK, based on the exchange rate as at 31.12.2022. 2022 2021 Average exchange rate Exchange rate Exchange rate January February March April May June July August September October November December 31.12. Average 31.12. SEK 0,966 0,955 0,923 0,933 0,966 0,972 0,963 0,936 0,943 0,949 0,950 0,951 0,945 1,002 0,975 Euro 10,007 10,054 9,737 9,624 10,137 10,307 10,182 9,831 10,170 10,392 10,336 10,448 10,514 10,163 9,989 GBP 11,984 12,000 11,642 11,498 11,927 12,016 11,985 11,635 11,627 11,937 11,895 12,017 11,854 11,818 11,888 ", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-284": { "value": "Note 22: Short and long term provisions KNOK 2022 2021 Balance 01.01 - 5 254 Currency differences -115 Payment earn-out 2020 Cub Business Systems AB -4 200 Payment / reversed earn-out PYD Seguridad S.L. -939 Balance 31.12 - -", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-286": { "value": "Note 23: Earnings per share KNOK 2022 2021 Profit for the year 29 105 190 775 Profit for the year continued operations 29 105 22 357 Weighed average number of shares during the year Basic 44 260 195 44 190 919 Effect of dilutive share based incentive plans 2 668 750 2 075 000 Diluted 46 928 945 46 265 919 Earnings per share (NOK) Basic 0,66 4,32 Diluted 0,62 4,12 Earnings per share continued operations (NOK) Basic 0,66 0,51 Diluted 0,62 0,48 Number of outstanding shares (numbers in thousand) 2022 2021 01.01: Number of shares (after deductions for own shares) 43 788 44 293 New shares 500 0 Sale of own shares during the year 594 96 Purchase of own shares during the year -591 -600 31.12: Number of shares (after deductions for 584.5 thousand own shares) 44 292 43 788 ", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-314": { "value": "
Note 24: Shareholder information
Overview of shareholders per 31.12.2022
1) The shares to ALS Kingfisher Limited and European Retail Engineering Limited have not yet been issued to
their VPS accounts.
2) The issuance of 512,312 new shares were registered with the Norwegian Register of Business Enterprises
04 June 2022. These shares have not been registered in VPS yet, but are included here.
StrongPoint ASA had per 31.12.2022 a share capital of NOK 27,830,778.24 spread over 44,888,352
shares with a nominal value of NOK 0.62.
All shares have equal voting rights.
No. Name No. of shares %
1 STR\u00d8MSTANGEN AS 3 933 092 8.76
2 SOLE ACTIVE AS 2 221 717 4.95
3 HSBC BANK PLC 1 896 000 4.22
4 V. EIENDOM HOLDING AS 1 865 000 4.15
5 PICTET & CIE (EUROPE) S.A. 1 641 821 3.66
6 NORDNET BANK AB 1 506 472 3.36
7 ZETTERBERG, GEORG (incl. fully owned companies) 1 395 000 3.11
8 AVANZA BANK AB 1 252 847 2.79
9 RING, JAN 1 176 648 2.62
10 VERDADERO AS 1 031 926 2.30
11 VERDIPAPIRFONDET DNB SMB 886 783 1.98
12 EVENSEN, TOR COLKA 840 000 1.87
13 WAALER AS 771 966 1.72
14 HAUSTA INVESTOR AS 699 600 1.56
15 JOHANSEN, STEIN 580 000 1.29
16 STRONGPOINT ASA 584 518 1.30
17 MP PENSJON PK 561 402 1.25
18 ALS KINGFISHER LIMITED
1)
506 156 1.13
19 EUROPEAN RETAIL ENGINEERING LIMITED
1)
506 156 1.13
20 BNP PARIBAS 452 487 1.01
Sum 20 largest shareholders 24 309 591 54.16
Sum 2 525 other shareholders 20 578 761 45.84
Sum all 2 545 shareholders
2)
44 888 352 100.00
Changes in share capital:
Number of shares Share capital
KNOK 2022 2021 2022 2021
Ordinary shares 01.01 44 376 44 376 27 513 27 513
Ordinary shares 31.12 44 888 44 376 27 831 27 513
Own shares:
Numbers in 1000 2022 2021
01.01 588 83
Purchase of own shares 591 600
Sales of own shares -594 -96
31.12 585 588
Nominal value 0,62 0,62
Own shares specified in equity (KNOK): 362 364
As at 31.12.2022 the Group owned 584,518 own shares. Cost price of these was KNOK 12,145,
giving an average share price of NOK 20.78.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-285": { "value": "Note 24: Shareholder information Overview of shareholders per 31.12.2022 1) The shares to ALS Kingfisher Limited and European Retail Engineering Limited have not yet been issued to their VPS accounts. 2) The issuance of 512,312 new shares were registered with the Norwegian Register of Business Enterprises 04 June 2022. These shares have not been registered in VPS yet, but are included here. StrongPoint ASA had per 31.12.2022 a share capital of NOK 27,830,778.24 spread over 44,888,352 shares with a nominal value of NOK 0.62. All shares have equal voting rights. No. Name No. of shares % 1 STR\u00d8MSTANGEN AS 3 933 092 8.76 2 SOLE ACTIVE AS 2 221 717 4.95 3 HSBC BANK PLC 1 896 000 4.22 4 V. EIENDOM HOLDING AS 1 865 000 4.15 5 PICTET & CIE (EUROPE) S.A. 1 641 821 3.66 6 NORDNET BANK AB 1 506 472 3.36 7 ZETTERBERG, GEORG (incl. fully owned companies) 1 395 000 3.11 8 AVANZA BANK AB 1 252 847 2.79 9 RING, JAN 1 176 648 2.62 10 VERDADERO AS 1 031 926 2.30 11 VERDIPAPIRFONDET DNB SMB 886 783 1.98 12 EVENSEN, TOR COLKA 840 000 1.87 13 WAALER AS 771 966 1.72 14 HAUSTA INVESTOR AS 699 600 1.56 15 JOHANSEN, STEIN 580 000 1.29 16 STRONGPOINT ASA 584 518 1.30 17 MP PENSJON PK 561 402 1.25 18 ALS KINGFISHER LIMITED 1) 506 156 1.13 19 EUROPEAN RETAIL ENGINEERING LIMITED 1) 506 156 1.13 20 BNP PARIBAS 452 487 1.01 Sum 20 largest shareholders 24 309 591 54.16 Sum 2 525 other shareholders 20 578 761 45.84 Sum all 2 545 shareholders 2) 44 888 352 100.00 Changes in share capital: Number of shares Share capital KNOK 2022 2021 2022 2021 Ordinary shares 01.01 44 376 44 376 27 513 27 513 Ordinary shares 31.12 44 888 44 376 27 831 27 513 Own shares: Numbers in 1000 2022 2021 01.01 588 83 Purchase of own shares 591 600 Sales of own shares -594 -96 31.12 585 588 Nominal value 0,62 0,62 Own shares specified in equity (KNOK): 362 364 As at 31.12.2022 the Group owned 584,518 own shares. Cost price of these was KNOK 12,145, giving an average share price of NOK 20.78. In 2022 it was paid KNOK 34,991 in dividend, which was NOK 0.80 per share. The Board has proposed a dividend of NOK 0,90 per share in 2023. Total dividends to external shareholders will be KNOK 39,873. Members of the Group management team have stock options. See note 9 for more information. ", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-332": { "value": "Own shares: Numbers in 1000 2022 2021 01.01 588 83 Purchase of own shares 591 600 Sales of own shares -594 -96 31.12 585 588 Nominal value 0,62 0,62 Own shares specified in equity (KNOK): 362 364 ", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-315": { "value": "In 2022 it was paid KNOK 34,991 in dividend, which was NOK 0.80 per share. The Board has proposed a dividend of NOK 0,90 per share in 2023. Total dividends to external shareholders will be KNOK 39,873. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-329": { "value": "0.8", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "fact-330": { "value": "0.9", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "fact-331": { "value": "39873000", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "fact-287": { "value": "Note 26: Tax Tax expense: KNOK 2022 2021 Tax payable 16 108 12 983 Tax items relating to previous years 1) 726 - Change in deferred tax -7 774 -9 441 Tax expense 9 060 3 542 Included as tax expense in the financial statements 9 060 3 542 Reconciliation of the nominal tax rate 22% 22% KNOK 2022 2021 Profit before tax 38 165 25 899 Tax calculated at a rate of 22% 8 396 5 698 Taxing related to companies in other countries with other tax rate -2 926 -2 771 Change in tax rate in Sweden - -88 Non-taxable items (22% of permanent differences) 2 345 -651 Unrecognised deferred tax asset 1 245 1 355 Tax expense 9 060 3 542 1) Reversal of provision of tax previous years Deferred tax assets and deferred tax liabilities: Deferred tax assets Deferred tax liabilities Consolidated income statement 1) KNOK 2022 2021 2022 2021 2022 2021 Current assets 631 665 4 271 2 657 -1 542 455 Liabilities 3 092 1 992 -3 185 -2 727 -642 1 368 Fixed assets 347 367 -18 301 -4 963 -3 048 -2 180 Losses carried forward 16 855 14 216 -3 783 -3 686 -2 542 -9 084 Deferred tax 1) 20 925 17 240 -20 997 -8 720 -7 774 -9 441 1) Exchange rates differences and opening balance in discontinued operations are not booked over the consolidated income statement for continued operations. The Company has no liabilities / deferred tax assets that effect Total comprehensive income. Per 31.12.2022 the group has losses carried forward of MNOK 62.0 in the Spanish entity. Deferred tax assets of MNOK 15.5 (MNOK 14.2) associated with this is included in the balance sheet. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-316": { "value": "Deferred tax assets and deferred tax liabilities: Deferred tax assets Deferred tax liabilities Consolidated income statement 1) KNOK 2022 2021 2022 2021 2022 2021 Current assets 631 665 4 271 2 657 -1 542 455 Liabilities 3 092 1 992 -3 185 -2 727 -642 1 368 Fixed assets 347 367 -18 301 -4 963 -3 048 -2 180 Losses carried forward 16 855 14 216 -3 783 -3 686 -2 542 -9 084 Deferred tax 1) 20 925 17 240 -20 997 -8 720 -7 774 -9 441 1) Exchange rates differences and opening balance in discontinued operations are not booked over the consolidated income statement for continued operations. The Company has no liabilities / deferred tax assets that effect Total comprehensive income. Per 31.12.2022 the group has losses carried forward of MNOK 62.0 in the Spanish entity. Deferred tax assets of MNOK 15.5 (MNOK 14.2) associated with this is included in the balance sheet. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-289": { "value": "Note 28: Macro perspectives influencing the business COVID 19 Pandemic The COVID 19 pandemic had limited effect on the business in 2022. Global supply chain and component shortages The Group was influenced by the global shortage of some components especially for the production of CashGuards. The shortage can be explained by the COVID 19 pandemic and various severe weather incidents affecting production facilities. StrongPoint works closely with suppliers to ensure as little effect on customer deliveries as possible, but experienced delay in installation during 2022. Climate Global climate changes influence both StrongPoints, customers and suppliers in different ways, contributing to both risks and opportunities. Climate risks are related especially to shortage of energy for the production and distribution of goods, both proprietory solutions and third party products. If climate changes requires dramatic changes in the energy consumption, this will influence StrongPoints ability to produce the products. Hardware represents 55% of the business. Risk is also related to shortages on food, which will affect the customers of StrongPoint, and shortages of raw materials for specific components. Management does not see these as a risks in the short term. Climate opportunities are linked to StrongPoint solutions that can reduce energy consumption, like AutoStore storage of frozen goods. StrongPoint Air Link (UK/Ireland) are providing refurbishment of interior or point of sales physical installation, and this can contribute positive to climate if utilised in other markets. ", "dimensions": { "concept": "strongpoint:DisclosureOfMacroPerspectivesInfluencingTheBusiness", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-288": { "value": "Note 27: Other short term debt KNOK 2022 2021 Holiday pay owed 17 716 16 853 Accrued expenses 28 467 22 603 Contracts liabilities 73 550 69 495 Warranty provisions 2 149 1 883 Other short term debt 11 557 16 087 Total other short term debt 133 439 126 920 Warranty provisions (KNOK) 2022 2021 Balance 01.01 1 883 1 681 Provision 4 060 2 198 Currency differences -56 -111 Used -3 737 -1 886 Balance 31.12 2 149 1 883 Of which warranties due within 1 year 2 149 1 883 ", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "fact-317": { "value": "Note 27: Other short term debt KNOK 2022 2021 Holiday pay owed 17 716 16 853 Accrued expenses 28 467 22 603 Contracts liabilities 73 550 69 495 Warranty provisions 2 149 1 883 Other short term debt 11 557 16 087 Total other short term debt 133 439 126 920 Warranty provisions (KNOK) 2022 2021 Balance 01.01 1 883 1 681 Provision 4 060 2 198 Currency differences -56 -111 Used -3 737 -1 886 Balance 31.12 2 149 1 883 Of which warranties due within 1 year 2 149 1 883", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXISIG31", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } } } }