we simplify being a great employer! · kompetanse, lederskap, medarbeiderskap og struktur er...

2019

WE SIMPLIFY BEING A GREAT EMPLOYER!

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Infotjenester Group AS

HR sett i et helhetlig perspektiv er ganske enkelt!

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Det handler rett og slett om at du skal ha kompetanse på plass til å gjøre jobben i dag og å skaffe deg kompetanse til å møte morgendagens utfordringer. Det som gjør dette litt utfordrende er at kompetanse nok bør defineres ganske vidt, og at de færreste av oss vet hvilke utfordringer som møter oss langt der framme. Sagt veldig enkelt dreier det seg altså om det settet av ferdigheter du trenger for å få driften til å gå rundt her og nå, men samtidig være bevisst på hva fremtidens arbeidsliv vil kreve.

For oss er balansen mellom å forstå nasjonalt arbeidsliv, utvikle teknologi som setter mennesket først og lytte til brukerne våre en suksessfaktor. Derfor sier vi i vårt kundeløfte at den som trenger å inspirere, forvalte og utvikle sine folk vil få hjelp gjennom Infotjenester-gruppens løsninger. Rett og slett bli en god arbeidsgiver som evner å utvikle sin virksomhet etter markedets behov.

Infotjenester-gruppen består av to viktige tjenesteområder. Det ene kjenner du som Simployer HRM-system. Det andre er Insight som gir ledere, HR og økonomi innsikt og kompetanse til å gjennomføre gode beslutninger i sitt arbeid. Gjennom våre to forretningsområder leverer vi støtte gjennom software samtidig som vi gir deg innsikten og kompetansen du trenger for å sikre at du har riktige folk på plass i dag og kan planlegge og utvikle for morgendagen. Denne unike sammensetning av tjenester er det ingen annen HR -leverandør i Skandinavia som leverer.

Kompetanse, lederskap, medarbeiderskap og struktur er hovedingrediensene når vi operasjonaliserer våre strategier og utvikler våre løsninger. Alle som jobber her går på jobb hver eneste dag for å hjelpe våre kunder til å bli en enda bedre arbeidsgiver.

Tiden fremover blir spennende, og vi har en rekke prosjekter som kommer til å sette nye standarder i markedet for hvordan vi tar vårt ansvar for å hjelpe deg til å bli en god arbeidsgiver. Vi tar våre kunder på alvor, og er i stand til å ta de grepene som markedet krever av oss.

Denne holdningen har gjort oss til den største leverandøren av HR-teknologi og kompetanse hjemmehørende i Skandinavia.

Thorfinn Hansenadministrerende direktør

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When seen from a holistic perspective, HR is quite simple! It’s all about you having the skills in place to get the job done today, and to acquire the skills necessary to meet tomorrow’s challenges. What makes this a bit challenging is that skills ought to be defined fairly broadly, and very few of us know what challenges we will encounter in the distant future. Put very simply, it’s about the set of skills you need to keep operations running, while at the same time being aware of what the business will demand in the future.

For us, success lies in the balance between understanding the business conditions in Norway, developing technology that puts people first and listening to our users. This is why in our customer promise we say that those who need to inspire, manage and develop their people will find help in the Infotjenester group’s solutions. Quite simply, become a good employer that is able to develop its business in line with market requirements.

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The Infotjenester group consists of two important business areas. One of them you know as the Simployer HRM system. The other is Insight, which gives managers and the HR and finance departments the insight and competence needed to make good decisions in their line of work. Through our two fields of business, we provide support via software, while at the same time giving you the insight and competence you need to ensure that you have the right people in place today and can plan and develop for tomorrow. No other HR provider in Scandinavia supplies this unique combination of services.

Competence, leadership, cooperation and structure are the main ingredients that go in when we operationalise our strategies and develop our solutions. Everyone who works here comes to work every day for the purpose of helping our customers become even better employers.

There are exciting times ahead, and we have a number of projects that are going to set new market standards for how we take responsibility for helping you become a great employer. We take our customers seriously, and we are able to act in accordance with market demands.

Having this attitude has made us the largest provider of HR technology and competence native to Scandinavia.

Thorfinn Hansenmanaging director

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Vår misjon og våre verdier

Vi leverer unike og banebrytende løsninger som gjør arbeidsgivere i stand til å skape gode arbeidsplasser og utvikle sin organisasjon optimalt. Ved å være nyskapende innenfor den til enhver tid beste teknologien skal vi hele tiden utvikle produkter innenfor HR og tilstøtende områder som på en effektiv måte kombinerer brukervennlighet og lokal faglig forståelse.

PERSONLIGEVi er interesserte, åpne og støttende i møte med kunden og hverandre.

KOMPETENTEVi søker alltid ny kunnskap for å ha kompetanse som konkurransefortrinn.

NYSKAPENDEVi er nysgjerrige, utfordrende og modige.


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Our mission and values

We deliver unique and groundbreaking products that empower employers to create great workplaces and develop their organisations optimally. By being innovative by using the best available technology we will continually develop products in the field of HR and related areas that efficiently combine user-friendliness and local professional knowledge.

PERSONALWe are interested, open and supportive, both with customers and each other.

SKILLEDWe always seek new expertise to have the ability to use competence as a competitive advantage.

INNOVATIVEWe are curious, challenging and courageous.

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Infotjenester Group ASInfotjenester Group AS

Infotjenester-gruppen leverer unik ekspertise og effektive løsninger for oppfølging og utvikling av medarbeidere gjennom beslutningsstøtte, opplæring og HRM-systemet Simployer.

Vi gjør det enkelt for deg å være arbeidsgiver!

We simplify being a great employer!

When you need to inspire, manage, and develop your people, Infotjenester Group helps you by combining best in class expertise and innovative solutions, giving you market leading insight and decision support, training and HRM solutions.

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Vi legger til rette for utvikling og gode resultaterMer enn 800 000 ledere og arbeidstakere støtter seg hver dag på løsninger fra Infotjenester-gruppen. Årlig håndterer vi mer enn 60 000 problemsstillinger omkring personal, lønn, regnskap og HMS i Sverige og Norge. Slik tilrettelegger vi for at våre kunder kan forvalte og foredle sin viktigste ressurs, selve forutsetningen for utvikling og gode resultater: Menneskene.

Vi profesjonaliserer oppgavene innen HR og økonomi

Gjennom 30 år har vi vært bransjeledende og satt standard for hvordan oppgavene innen HR og økonomi kan profesjonaliseres på en måte som bidrar til riktige beslutninger, bedre effektivitet og varig trygghet i arbeidsforholdet.

Solid faglig kompetanse og beste praksis

Gjennom kvalitet og alltid oppdaterte løsninger oppnår vi tette og langvarige relasjoner med våre kunder. Våre løsninger er fundamentert på solid faglig kompetanse og beste praksis. Dette gir våre kunder en verdifull innsikt i hvordan formelle og lovbestemte rutiner i arbeidsforholdet kan utføres på en best mulig måte.

Ledende teknologi- og kompetanseselskap

Infotjenester-gruppen er et ledende teknologi- og kompetanseselskap innen HR og økonomi. Vårt mål er å bistå våre kunder med å skape gode arbeidsplasser og legge til rette for at organisasjoner presterer bedre.

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A leading technology and resource companyThe Infotjenester Group is a leading technology and resource company in the field of HR and finance. Our goal is to assist our customers in creating good workplaces and to enable organisations to perform better.

We make it possible to handle HR and finance-related tasks in a professional mannerOver the course of 30 years we have been an industry leader and set the standard for how to handle HR and finance-related tasks in a professional manner and in such a way that helps businesses make the right decisions, become more efficient and have long-lasting assurance in their employment relationships.

Strong, specialised skills and best practicesOur quality and constantly updated solutions enable us to have close, lasting relationships with our customers. Our solutions are founded on strong, specialised skills and best practices. This ensures our customers valuable insight into how best to handle formal and legal procedures relating to employment arrangements.

We facilitate development and good resultsEvery year, we address more than 60,000 issues relating to personnel, payroll, accounting and HSE in Sweden and Norway. This is how we enable our customers to manage and process their most important resource—indeed, the prerequisite for development and achieving good results: their people.

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Simployer HRM

Simployer is a flexible, module-based HRM system that helps businesses achieve success with their employee experience by managing, developing and inspiring each employee.

Simployer HRM supports and simplifies the work day for managers, HR departments and employees with over 1.3 million users across Norway and Sweden. Our combination of modern technology and local modifications allows our customers to spend their time on productive HR and management tasks, thus enabling them to develop both their organisation and staff. Simployer supports both operational and strategic HR processes.

The Simployer HRM system is an intuitive tool that puts managers in the driver’s seat, making it simple and relevant for employees and transparent and predictable for HR. This is the result of building an HRM system with people in mind.

• Cloud-based and mobile• Grows with your business• Universal design• Locally based

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Simployer HRM

Simployer er et modulbasert og fleksibelt HRM-system som hjelper virksomheter med å gjøre medarbeiderreisen til en suksess - gjennom å administrere, utvikle og inspirere den enkelte medarbeideren.

Simployer HRM støtter og forenkler arbeidsdagen for ledere, HR og medarbeidere for over 1,3 millioner brukere i Norge og Sverige. Kombinasjonen av moderne teknologi og lokale tilpasninger gjør at våre kunder kan bruke tiden på verdiskapende HR og ledelse som gjør at man får utviklet både organisasjonen og arbeidsstyrken. Simployer støtter både operative og strategiske HR prosesser.

Simployer HRM-system er et intuitivt verktøy som setter lederen i førersetet, gjør det enkelt og relevant for den ansatte, samt oversiktlig og forutsigbart for HR. Det er resultatet av å bygge et HRM-system med mennesket i fokus.

Skybasert og mobil

Vokser med virksomheten

Universelt utformet

Lokalt forankret

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Våre fageksperter håndterer hvert år mer enn 60 000 henvendelser. I tillegg til å være tilgjengelig for deg som kunde, holder de innholdet i produktene våre oppdatert og kurser arbeidslivet.

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A shorter path to practical insight and making good decisions

Through our digital response and information service, we make it easy for managers and specialists within HR, payroll, accounting, taxes and HSE to make better decisions and strengthen their competences.

We have a large advising system in Sweden and Norway that ensures that we convey quality-assured, up-to-date content. In this way, the path to gaining insight and taking action is as short as possible.

• 1-on-1 professional phone and email support• Thousands of specialist articles• Explanatory videos and live webinars• Digital tools• Change requests• Expert forum

Our experts handle more than 60,000 enquiries every year. In addition to being available to you as a customer, they also keep our products’ content updated and teach courses for the working community.

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Kortere vei til praktisk innsikt og gode beslutninger

Gjennom vår digitale svar- og kunnskapstjeneste gjør vi det enkelt for ledere og spesialister innen HR, lønn, regnskap, skatt og HMS og ta bedre beslutninger og styrke sin kompetanse.

Vi har et stort rådgiverapparat i Sverige og Norge som sørger for at kvalitetssikret og oppdatert innhold formidles. På denne måten blir veien til innsikt og handling kortest mulig.

1:1 fagsupport på telefon og e-post

Tusenvis av fagartikler

Videoforklaringer og live webinarer

Digitale verktøy

Endringsmeldinger

Fagforum

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Infotjenester-gruppens første produkt var en perm med alt du trengte å vite om Sykepengeordningen, arbeidsrett og ferieloven. Ved oppdateringer eller endringer i loven fikk abonnenter på denne tjenesten tilsendt løse ark som skulle plasseres inn i permen og erstatte det gamle. Her traff Infotjenester en nerve, og etterspørselen etter mer faglig støtte til arbeidsgiver økte.

Snøballen begynte å rulle, og det faglige innholdet utvides, kursvirksomheten starter opp, og selskapet knytter til seg flere sterke fageksperter som i dag er et rådgiverteam på 30 i Norge og Sverige. Dette gir våre kunder faglig støtte og den innsikten de trenger for å fatte viktige beslutninger.

Infotjenester-gruppen var tidlig ute med å tenke digitale løsninger, og allerede på slutten av 90-tallet startet reisen inn i den digitale arbeidshverdagen med at vi var først med å levere digitalt oppslagsverk. Infotjenester styrker stadig sin posisjon som markedsledende i utvikling av produkter som gjør det bedre å være leder. Vi var først på banen med å skape kvalitetssikrede prosesser for å få sykemeldte tilbake i jobb, og våre kunder forventer at vi ligger i forkant i et stadig mer krevende arbeidsmarked.

I 2013 ekspanderte Infotjenester-gruppen til det svenske markedet. Oppkjøpet av Tholin og Larsson var starten på en rekke oppkjøp som har gjort Infotjenester til Skandinavias største leverandør av HR-software og kompetanse til arbeidslivet.

Det har skjedd mye med Infotjenester-gruppen siden 1985. Det hele startet med at Bjørn Garder som selvstendig næringsdrivende erfarte hvor vanskelig det er å være arbeidsgiver og etterleve et lovverk i stadig endring.

Kontinuerlig vekst siden 1985


Infotjenester-gruppen startet allerede på slutten av 90-tallet reisen inn i den digitale arbeidshverdagen.

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Continuous growth since 1985

Much has happened at the Infotjenester Group since 1985. It all started when Bjørn Garder, who was self-employed, realised how difficult it was to be an employer and comply with an ever changing body of laws.

Infotjenester Group’s first product was a binder that had everything you needed to know about the sickness allowance scheme, labour laws and the Holidays Act. When updates or changes were made to the laws, subscribers to this service would receive loose-leaf papers that they placed inside the binder, replacing the old ones. Infotjenester’s idea caught on and the demand for more professional support for employers grew.

It was a snowball effect—the specialist content expanded, course activities started up and the company linked up with several strong experts who are now a team of 30 consultants in Norway and Sweden.

They give our customers professional support and the insight they need to make important decisions.

Infotjenester Group was ahead of the game when it came to thinking of digital solutions, and even by the late 90s we journeyed into a digital everyday working life when we were the first to come out with a digital reference book. Infotjenester continues to fortify its position as a market leader in the development of products that make it better to be a manager. We were the first in the game to create quality-assured procedures for getting employees who were on sick leave back to work, and our customers expect us to be at the forefront of an increasingly demanding labour market.

In 2013, the Infotjenester Group expanded to the Swedish market. Our purchase of Tholin & Larsson was the first of a number of purchases that have made Infotjenester Scandinavia’s biggest supplier of HR software and skills for the working community.

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Infotjenester-gruppen

Kristiansund

Gøteborg

Infotjenester Group ASMorselskapet som eier alle datterselskapene 100%. Infotjenester Group leverer også fellestjenester til alle konsernets selskaper.

Simployer Solutions ASI Simployer Solutions har vi samlet immaterielle eiendeler som teknologi, produktportefølje og abonnementsavtaler. Simployer Solutions leverer Simployer HRM-systemet i Sverige og Norge, samt Faghjelp i Norge og Servicepaket i Sverige. Selskapet sikrer høy kvalitet til sine abonnementskunder ved å kjøpe tjenester fra kompetansesentrene i søsterselskapene Infotjenester AS, Tholin & Larsson-Gruppen AB, Simployer Sweden AB og Simployer Tech Polska.

Infotjenester ASKompetansesenter som leverer tjenester til Simployer Solutions og er kontaktpunkt for Infotjenester-gruppens virksomhet i Norge. Selskapet leverer også konsulenttjenester og kurs i Norge, og har lokasjoner i Kristiansund og Sarpsborg.

Tholin & Larsson Gruppen ABKompetansesenter som leverer tjenester til Simployer Solutions og er kontaktpunkt for Servicepaket i Sverige. Selskapet leverer også konsulenttjenester og kurs i Sverige, og har kontorer i Gøteborg.

Simployer Sweden ABKompetansesenter som leverer tjenester til Simployer Solutions og er kontaktpunkt for Simployer HRM-systemet i Sverige. Selskapet leverer også konsulenttjenester i Sverige og har kontorer i Stockholm.

Simployer Tech PolskaI Gdansk har Infotjenester-gruppen etablert et senter for softwareutvikling med en solid gruppe høyt kompetente medarbeidere som bidrar til utviklingen av vårt HRM-system Simployer.

Infotjenester-gruppen har det siste året gjennomført omfattende aktivitet for å rigge virksomheten for videre vekst og skalerbarhet. Konsernets tjenestetilbud er nå harmonisert, og den juridiske strukturen er tilpasset fremtidige vekstambisjoner i et internasjonalt marked.

I den forbindelse med dette ble også konsernets selskapsstruktur endret. Infotjenester AS endret navn til Infotjenester Group AS. Her kan du lese mer om hva endringene innebærer:


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Sarpsborg

Gøteborg

The Infotjenester group

In the past year, the Infotjenester group has been engaged in extensive activities to prepare the company for further growth and scalability. The group’s service offering is now harmonised, and its legal structure now adapted to fit future ambitions for growth in an international market.

In this connection, the group’s corporate structure has also undergone changes. Infotjenester AS changed its name to Infotjenester Group AS. You can read more about what the changes entail here:

Infotjenester Group ASParent company that owns 100% of all its subsidiaries. The Infotjenester Group also provides shared business services to all companies in the group.

Simployer Solutions ASAt Simployer Solutions we have gathered intangible assets such as technology, product portfolios and subscription agreements. Simployer Solutions provides the Simployer HRM system in Sweden and Norway, as well as Professional Assistance in Norway and Service Package in Sweden. The company ensures its subscribing customers great quality by purchasing services from resource centres at its sister companies Infotjenester AS, Tholin & Larsson-Gruppen AB, Simployer Sweden AB and Simployer Tech Polska.

Infotjenester ASA resource centre that provides services to Simployer Solutions and acts as the point of contact for the Infotjenester group’s business activities in Norway. The company also provides consulting services and courses in Norway, with locations in Kristiansund and Sarpsborg.

Tholin & Larsson Gruppen ABA resource centre that provides services to Simployer Solutions and acts as the point of contact for Service Package in Sweden. The company also provides consulting services and courses in Sweden, with offices in Gothenburg.

Simployer Sweden ABA resource centre that provides services to Simployer Solutions and acts as the point of contact for the Simployer HRM system in Sweden. The company also provides consulting services in Sweden, with offices in Stockholm.

Simployer Tech PolskaThe Infotjenester group has established a centre for software development in Gdansk with a strong group of highly-skilled employees who contribute to the development of our HRM system Simployer.

Stockholm

Gdansk

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Founder Bjørn Garder establishes Info Tjenester AS.

We launch our first software: Info Reise

The development of a reference book, professional support and numerous courses in the field of travel gave us a unique skill set that we utilised in our travel expense programme Info Reise.

2006Reise & utlegg are cloud-based.

2008We launch HRessurs, a cloud-based HR and manager system that simplifies sick leave prevention measures, holiday planning and personnel records, among other things.

Infotjenester is first in the market to have a web-based personnel manual.

Today, as many as 3 in 10 Norwegian workers use one of our personnel, manager or HSE manuals.

200180 million in revenue (NOK)

2012 We optimise all of our systems and manuals for mobile devices.

1985 1998 2005

Since the beginning

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We establish a company in Sweden and launch personnel and manager manuals on the Swedish market.

2015We acquire Tholin & Larsson AB and become a market leader in Scandinavia within our field.

We acquire the Norwegian Capitech and the Swedish Netcompetence—market leaders in their respective fields: Time and resource planning, and digital talent management tools.

We continue with our endeavour to make it easy to be an employer and introduce process tools for HR and managers that focus on on-boarding/off-boarding, employee satisfaction interviews and HSE.

The Simployer HRM system sees the light of day—a flexible, module-based HRM system that supports HR, managers and employees.

2013 2017 2019

With our acquisition of Capitech and Netcompetence, Simployer now has the functional breadth to make us a full-line supplier of operational and strategic HR.

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Annual report 2018

Business type and locationInfotjenester AS (from 2019: Infotjenester Group AS) and the group is a competence and system provider within the fields of HR and finance, which enables employers in Scandinavia to inspire, manage and develop their employees and organisations, thereby creating great, efficient workplaces.

The company and group create systems and services that help organisations perform better. Innovative solutions that combine good user-friendliness and local expertise enable our customers to handle their HR and finance-related tasks in a professional manner and in such a way that helps them make the right decisions, become more efficient and have long-lasting assurance in their employment relationships. The group shares its knowledge and experience in a manner that makes our customers more competitive—by making our customers more attractive employers and by allowing them to focus more on their core business activities.

Infotjenester AS (from 2019: Infotjenester Group AS) is the parent company in a sub-group led by Colligo AS.The business is operated in modern facilities in Sarpsborg, Kristiansund, Stockholm, Gothenburg and Gdansk (Poland), with headquarters in Sarpsborg.

In 2018, extensive activities were conducted to prepare the company for further growth and scalability. The group’s service offering has been harmonised, and its legal structure adapted to fit future ambitions for growth in an international market. The group’s corporate structure underwent changes in January 2019. Infotjenester AS (org. no. 937 475 918) changed its name to Infotjenester Group AS. Intangible assets such as technology, product portfolios and subscription agreements are gathered at the subsidiary Simployer Solutions AS. Development and expertise within the fields of HR, technology and best practices will be extended to the group’s operating companies, which are currently Infotjenester AS, Simployer Sweden AB, Tholin & Larsson Gruppen AB, and Simployer Tech Polska Sp. z o.o.

Financial performance and positionThe parent company and the group have had a good year, experiencing growth in operating revenues and

higher operating profits. This positive development is expected to continue.

OThe parent company’s operating revenues were NOK 256 million in 2018, compared to NOK 235.6 million in 2017. The group’s operating revenues were NOK 390 million in 2018, compared to NOK 352.5 million in 2017.

The parent company’s operating profit before amortisation (EBITDA) was NOK 46.9 million in 2018, compared to NOK 41.4 million in 2017. The group’s operating revenues before amortisation (EBITDA) were NOK 73.9 million in 2018, compared to NOK 65.5 million in 2017.

The parent company’s annual profit after tax was NOK 49 million in 2018, compared to NOK 47.1 million in 2017. The group’s annual profit after tax was NOK 38.3 million in 2018, compared to NOK 39.2 million in 2017.

The parent company’s total capital was NOK 330.6 million at the end of 2018, compared to NOK 296.7 million at the end of 2017. Its equity ratio was 22.5% as of 31/12/2018, in comparison with 22% as of 31/12/2017. The group’s total capital was NOK 329 million at the end of 2018, compared to NOK 319.3 million at the end of 2017. The group’s equity ratio was 15.1% as of 31/12/2018, in comparison with 16.6% as of 31/12/2017.

The Board deems the parent company’s and group’s finances and liquidity to be very satisfactory, and their ability to finance their own investments to be good.

The Board is not aware of any extraordinary factors that could have influenced the results. Nor is the Board aware of any material uncertainties attached to the annual accounts or significant negative factors that have arisen after the end of the financial year.

The Board believes the annual accounts provide an accurate picture of the company’s and group’s assets, liabilities, financial position and results.The research and development activities in 2018 have been characterised by both improvements and further developments of existing products, as well as the development of new products. The expenses are charged to profits directly.

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OutlookThe group has a good market position, and the Board deems it to have good market prospects.

The market for systems and services for supporting and streamlining daily decision-making and processes within the fields of HSE, HR, payroll and finance for employers, companies, managers and employees is considered substantial. The company’s and group’s competence within these areas, combined with a thorough technological understanding, provides a strong foundation for further growth and profitability. Based on the company’s unique combination of competences and considerable efforts made in product and technological development, it is expected to continue to create attractive products and services for the market.

Through systematic self-improvement and company acquisition, the group has an extensive, high-quality product portfolio that is user-friendly, putting the business in a good position to achieve further growth and profitability. The accounts for 2018 reflect the company’s strong position in the market for HR systems. The extensive work conducted in 2018 to prepare the business for further growth and scalability will lay the foundation for the group’s continued profitable development.

Financial market riskThe group’s cash flows are primarily linked to the Norwegian Krone and the Swedish Krona.

The Board deems the group’s finances to be weighted in such a way that it has little exposure to exchange rate risk. Excess liquidity is placed in funds with a moderate risk in order to achieve a weighting between returns on invested capital and exposure to risk.

Going-concern assumptionThe Board has conducted an assessment and concluded that the conditions for continued operation are present.

The annual accounts for 2018 are therefore drawn up under the assumption that operations will continue.

Working environment, equality and non-discriminationThe Board considers the working environment at the firm to be good. The company has a reputation for its working environment which makes it an attractive workplace. This is considered a criterion for the success of the company’s operations and development. The company has a working environment committee and a well-functioning HSE system.

Sick leave at Infotjenester AS in 2018 was 3.7% (2017: 4.6%), 2.6% of which was doctor-certified sick leave. Sick leave in the group in 2018 was 3.6% (2017: 3.9%), 2.1% of which was doctor-certified sick leave. Established procedures are used to follow up on every case. Over the course of this year, no serious work accidents or incidents resulting in major material damages or personal injury have occurred, nor have any been reported.

One of the company’s six Board members is a woman. Women make up 38% of the employees working in management positions at Infotjenester AS and 40% in the group as of 31/12/2018. Women account for 44% of the employees at Infotjenester AS and 46% in the group (measured by percentage of full-time equivalent). The company will continue to ensure that women and men have equal chances of advancement and will also continue to develop working conditions that are satisfactory for both men and women.

The group works actively to promote equality, ensure equal opportunities and rights and prevent discrimination. This is reflected in the business’ processes for recruitment and employee/manager development.

Environmental protectionThe group’s activities have no polluting effects, and the Board has no reason to believe that the group is polluting the surrounding environment.

Grålum, 13 March 2018

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Continuos growthWe have doubled the revenue every 6 years

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The numbers

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Operating income and operating expenses

Sales 255 112 858 233 341 377 389 308 619 345 864 141Other operating income 905 765 2 289 817 644 085 6 595 488Total income 256 018 623 235 631 194 389 952 704 352 459 628 Cost of materials 9 277 791 11 831 610 18 784 654 22 904 049Personnel expenses 128 364 515 119 289 674 204 289 803 179 725 329Depreciation 7 108 240 5 830 026 21 117 667 15 851 134Other operating expenses 71 510 354 63 155 690 93 024 729 84 360 993Operating expenses 216 260 900 200 107 000 337 216 854 302 841 505 Operating profit 39 757 723 35 524 194 52 735 851 49 618 124

Share of profit of subsidiaries 17 832 457 19 288 262 0 0Interest income from group companies 15 559 68 027 15 559 38 027Other interest income 684 515 854 448 695 264 872 207Other financial income 2 448 393 416 040 2 548 860 485 247Value increase, market-based current assets 0 2 633 022 0 2 633 022Value decrease, market-based current assets 882 542 0 882 542 0Write-downs of long-term investments 121 835 873 542 0 0Interest expenses to group companies 280 950 167 438 0 0Other interest expenses 841 167 616 036 899 339 844 911Other financial expenses 410 680 1 755 061 1 282 677 1 848 635Net financial items 18 443 750 19 847 723 195 125 1 334 957

Ordinary result before taxes 58 201 473 55 371 917 52 930 976 50 953 081Taxes 9 155 306 8 271 868 14 599 032 11 746 354Net profit for the year 49 046 167 47 100 049 38 331 944 39 206 727

INCOME STATEMENTInfotjenester AS

(Infotjenester Group AS from 2019) 2018 2017

Infotjenester Group 2018 2017

26


Fixed assets Intangible assets

Other intangible assets 6 314 147 7 438 555 6 969 014 9 438 873 Deffered tax assets 0 1 961 612 550 210 5 095 138 Goodwill 0 0 65 780 776 79 601 049Total intangible assets 6 314 147 9 400 167 73 300 000 94 135 060

Tangible assets

Oper. movable property, furniture, tools, other 7 997 131 10 995 884 11 025 595 14 713 644Total tangible assets 7 997 131 10 995 884 11 025 595 14 713 644 Fixed financial assets Investments in subsidiaries 106 302 204 107 373 123 0 0 Loan to group companies 0 1 295 456 0 1 295 456Equities and investments 0 0 54 54 Other long-term receivables 1 300 000 3 800 000 1 300 000 3 812 313Total fixed financial assets 107 602 204 112 468 579 1 300 054 5 107 823 Total fixed assets 121 913 482 132 864 630 85 625 650 113 956 527 Current assets Inventories 0 0 491 599 776 909 Debitors

Accounts receivables 30 439 162 22 176 142 38 466 968 28 733 188Other short-term receivables 36 657 528 24 881 361 14 620 112 12 516 757Total receivables 67 096 690 47 057 504 53 087 080 41 249 945 Short-term investments

Marketable shares 9 659 080 10 531 217 9 659 080 10 531 217Marketable bonds 21 294 631 21 230 702 21 475 978 21 410 113Other marketable financial instruments 12 075 510 11 969 653 12 075 510 11 969 653 Other financial instruments 122 500 122 500 122 500 122 500Total short-term investments 43 151 721 43 854 072 43 333 068 44 033 483 Cash and deposits 98 471 984 72 903 209 146 491 999 119 243 943 Total current assets 208 720 394 163 814 785 243 403 746 205 304 280 Total assets 330 633 876 296 679 414 329 029 396 319 260 807

ASSETS


Infotjenester AS(Infotjenester Group AS from 2019)

2018 2017

27

EQUITY AND LIABILITIES

Equity Paid-in equity

Share capital 2 441 731 2 441 731 2 441 731 2 441 731Share premium reserve 4 600 4 600 4 600 4 600Other paid-in equity 2 095 510 2 095 510 2 095 510 2 095 510Total paid-in equity 4 541 841 4 541 841 4 541 841 4 541 841 Retained earnings

Retained equity 69 818 278 60 772 112 45 104 692 48 605 834Total retained earnings 69 818 278 60 772 112 45 104 692 48 605 834 Total equity 74 360 119 65 313 952 49 646 533 53 147 675

Liabilities

Allowances for liabilities

Deferred tax 316 265 0 0 0Total allowances for liabilities 316 265 0 0 0 Other long-term liabilities

Debt to financial institutions 40 744 200 49 480 200 40 744 200 52 230 200Other long-term liabilities 14 566 500 14 994 000 0 0Total other long-term liabilities 55 310 700 64 474 200 40 744 200 52 230 200 Short-term debt

Trade creditors 6 344 639 7 029 344 8 329 236 13 031 365Tax payable 3 552 150 4 237 376 3 956 378 6 422 095Value added taxes 19 492 441 16 939 438 26 360 669 19 559 018Dividend 40 000 000 22 400 000 40 000 000 22 400 000Other short-term debt 131 257 562 116 285 104 159 992 380 152 470 454Total short-term debt 200 646 792 166 891 262 238 638 663 213 882 932

Total liabilities 256 273 757 231 365 462 279 382 863 266 113 132 Total equity and liabilities 330 633 876 296 679 414 329 029 396 319 260 807


Infotjenester AS(Infotjenester Group AS from 2019)

2018 2017

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