Micro Systemation

Interim / Quarterly Report • Jul 22, 2020

Interim report January – March 2020

MSAB – Increase in sales and profit

January - June

• Net sales increased 15.1 percent to SEK 150.1 (130.4) million (13.4 percent in local currencies).
• EBIT amounted to SEK 3.3 (-17.1) million.
• The EBIT margin was 2.2 (-13.1) percent.
• Profit after tax amounted to SEK 1.9 (-15.3) million.
• Earnings per share amounted to SEK 0.10 (-0.82).
• Cash flow from operating activities amounted to SEK 7.8 (3.9) million.
• Cash and cash equivalents and short-term investments at the end of the period amounted to SEK 64.8 (52.5) million.

Second quarter

• Net sales increased 30 percent to SEK 83.9 (64.1) million (30.3 percent in local currencies).
• EBIT amounted to SEK 12.1 (-11.4) million.
• The EBIT margin was 14.4 (-17.8) percent.
• Profit after tax amounted to SEK 10.4 (-10.8) million.
• Earnings per share amounted to SEK 0.56 (-0.58).
• Cash flow from operating activities amounted to SEK -1.6 (0.7) million.

MSAB in brief

MSAB is a world leader in mobile forensics technology with the aim of extracting and analysing data from confiscated mobile devices, mainly from mobile phones. The Company has its own sales offices and sales representatives in Europe, North America, South America, China, Australia, Singapore, Japan and Russia, and together with a number of distributors, covers most of the world. The proprietary products have become a de facto standard in the field and are used for securing evidence in more than 100 countries. These products are complemented by a wide range of training courses with the possibility of becoming certified in a forensically sound methodology. Customers are primarily law enforcement agencies, such as police, military and customs. MSAB is listed on NASDAQ Stockholm under the ticker symbol: MSAB B.

MSAB

Comments from the CEO

In early April, the situation for Sweden and the world was more uncertain than ever, and the global community had shut down in a way that has never before been witnessed. Covid-19 was spreading from country to country, region by region. Our customers stopped receiving visitors and we were unable to travel at all. The uncertainty surrounding this second quarter is greater than anything I have ever experienced as MSAB's CEO.

My message to the organisation was crystal clear: we are facing one of the greatest challenges of our time and we have two choices. Either we tighten our belts and survive on hope. or we accept the challenge and adapt to the new conditions with a view to the possibilities. My choice was to accept the challenge and see the possibilities in the current situation.

MSAB has been operating for 36 years - through good times and bad – taking on challenges as they appear and adapting. And this time is no different.

One of the most important decisions we took was to not cancel a single meeting or activity, but rather to adapt. We transformed all planned customer interactions and exhibitions to their digital equivalents. We have had a recordbreaking number of customer interactions during the second quarter and we have done so successfully.

The current situation has hastened our and our customers' digital transformation. This has provided us with new insights which will impact our own and our customers' ways of working forever.

Considering the prevailing conditions at the beginning of the second quarter, it is with considerable pride that I report that we grew 30 percent, with all-time highs for the second quarter for both sales and profit.

Growth for the period January – June was broad. New sales and license renewal sales both increased compared to last vear. The increasing number of license renewals demonstrates once again how much users value the benefits our products provide, not just for our customers, but for the greater legal security of society in general. Furthermore, it also clearly demonstrates the strength of our business model.

Once again, XRY Office represents the lion's share of new sales. We have been developing the product for 18 years and now - because of the continual improvements - it is better than ever. XRY Office supports the most relevant phones and apps that our customers deal with. Today, XRY Office supports over 32,000 different device profiles!

Training was one area that demonstrated somewhat negative growth during the period. This is a direct consequence of not being able to travel to meet our customers. We have rapidly increased the pace at which we are digitalising an everincreasing number of our courses for on-line study. There are several reasons why this takes time, and some training is difficult to execute completely in digital format.

It is difficult to assess with any certainty how the global pandemic will affect us and our customers in the future. But one thing is certain: the future will look different for both MSAB and our customers.

The need to secure evidence retrieved from digital devices will continue to be a high priority for our customers. We will continue to deliver the most effective solutions on the market. Exactly how we do this in the best possible manner will depend on our own strategy and how the world at large looks.

One thing is certain, MSAB is committed to its ambition to be the best in the world at providing value for customers - no matter what conditions arise.

Enjoy your summer!

Stockholm, July 2020

loel Bollö Chief Executive Officer

Comments on operations

The market

EMEA & Latin America – experienced most growth during the period. We continue to deliver value to our customers, and with our focus on customer benefit we demonstrate that we understand our customers' needs. EMEA demonstrated strong growth for the first half-year.

North America – sales for the region grew somewhat compared with last year. Our largest customers in North America are federal authorities, all of which have budget years ending 30 September.

Asia and Commonwealth of Independent States (CIS) – within the region, southeast Asia demonstrated good growth. Our offering to countries in the region was further strengthened through expansion in our regional presence.

Products

Development has been working hard to add value to our product offering, and during the period we started delivering the latest version of XRY Kiosk. This latest model has been completely redesigned and its reception on the market has been phenomenal. The current version of Kiosk is probably the best in the world as regards design and function. The basic unit is new, with a larger screen, faster retrieval, a step-by-step user interface, and many other new improvements.

XRY Office was also updated during the period. Some of the most powerful additions to Office include Photon support for the most advanced apps, expanded support for iPhone, unique support for Huawei and improvements for Samsung. In total, we now have support for over 32,000 different profiles, which is an increase of more than 5,000 in one year, or 22 new profiles for each workday over the last twelve months.

Training

Revenue from training activities declined somewhat compared with the previous year, which is a direct consequence of travel restrictions during the pandemic. Because of the prevailing situation, we have increased the pace at which we are vitalising our training operations, an exercise which was already underway. Demand for our best accredited courses is strong, so we will continue to lay focus on our training offering.

Comments on financial performance

Net sales

Consolidated net sales rose 30.8 percent during the second quarter to SEK 83.9 (64.1) million, and for the period sales rose 15.1 percent to SEK 150.1 (130.4) million. In local currencies, net sales increased 13.4 percent for the quarter and 30.3 percent for the period. Please refer to the section Comments on operations and the associated graphs for more detailed information on income.

Expenses

Expenses for goods for resale for the quarter amounted to SEK 8.3 (4.0) million and for the period SEK 13.4 (9.9) million. Direct expenses are linked to the product mix sold. Other external expenses included depreciation amounting to SEK 14.4 (22.8) million for the quarter and SEK 34.5 (43.9) million for the period. Personnel expenses amounted to SEK 49.1 (48.7) million for the quarter and SEK 98.9 (93.7) million for the period.

Profit/loss

EBIT for the quarter amounted to SEK 12.1 (-11.4) million, corresponding to an EBIT margin of 14.4 (-17.8) percent. EBIT for the period amounted to SEK 3.3 (-17.1) million, corresponding to an EBIT margin of 2.2 (-13.1) percent. The net financial income/expense was SEK -0.9 (1.1) million for the quarter and SEK -0.1 (2.6) million for the period. Net financial income/expense stemmed primarily from revaluation of cash and cash equivalents in foreign currencies. Profit after tax amounted to SEK 10.4 (-10.8) million for the quarter and SEK 1.9 (15.3) million for the period.

Cash flow and financial position

The equity/assets ratio at the end of the period was 41.2 (33.7) percent. Cash flow from operating activities for the quarter amounted to SEK -1.6 (3.9) million and to SEK 7.8 (0.2) million for the period. No dividends were distributed (SEK 40.6 million) during the quarter, as a precautionary response to the pandemic. Cash and cash equivalents at the end of the period amounted to SEK 64.8 (52.5) million.

Fluctuations in quarterly sales and profit

Consolidated sales and profit both tend to fluctuate between quarters, primarily due to our customers' purchasing patterns and single, larger orders. This is illustrated in the diagram below, where the substantial variation between individual quarters is clearly visible for sales and profit. Viewed over a one-year period, the trend is more even and stable for sales and profit. However, even when trends are viewed across one-year periods, growth has occurred in waves, where for example growth was strong in 2015, more modest in 2016, and then significantly stronger in 2017.

Personnel

There were 204 (185) employees in the Group at the end of the period. The average number of employees was 203 (182).

Other

Seasonal effects

MSAB is not dependent on the seasons in the sense that is normally meant by the term seasonal effects. However, the majority of the Company's customers have a purchasing pattern that follows their budget period. Budget periods differ between countries, but most common in MSAB's largest markets is that they follow the calendar year or end on 30 September. Historically, this has been reflected in sales in such a way that the second half of the year is stronger than the first.

Risks and uncertainty factors

Through its operations, the Group is exposed to risks and uncertainty factors. Information on risks and uncertainties other than currency exposure due to foreign subsidiaries and the fact that most invoicing in Sweden is denominated in foreign currencies can be found in more detail in the 2019 Annual Report. The Annual Report is available on the Company's website. MSAB is monitoring developments regarding Corona virus Covid-19 and is evaluating the extent to which it can impact the Company's operations in the short- and long-term. It is currently not possible to assess the extent of impact on operations.

Accounting principles

This report has been prepared for the Group in accordance with the Swedish Annual Accounts Act and IAS 34 Interim Financial Reporting, and for the Parent Company in accordance with the Swedish Annual Accounts Act and the Swedish Financial Reporting Board's recommendation RFR 2 Accounting for Legal Entities. Information as per IAS 34 is provided in notes as well as in other places throughout this interim report. The accounting principles adopted for the Group and the Parent Company are consistent, unless stated below, with the accounting principles used to

prepare the most recent annual report. For short-term financial assets and liabilities, the reported value is a reasonable estimate of fair value.

The Parent Company

Net sales for the Parent Company for the period amounted to SEK 105.7 (82.3) million. EBIT for the period was SEK -2.1 (-21.3) million. Investments for the period amounted to SEK 0.2 (1.0) million. There were 153 (138) employees in the Parent Company at the end of the period. Risks and uncertainty factors are the same for the Parent Company as for the Group.

Related party transactions

There were no related party transactions during the period other than settlement of internal transactions between the Parent Company and its subsidiaries.

Financial Calendar

28 October, 2020	Interim report January-September
27 January, 2021	Year-end report 2020

The information in this report is such that MSAB, Corporate ID number 556244-3050, is required to disclose in accordance with the EU's Market Abuse Regulation. The information in this report was submitted for publication on 22 July, 2020 at 08:00 CEST.

This report and earlier financial reports and press releases are available on the Company's website: www.msab.com.

Questions should be addressed to: Chief Executive Officer Joel Bollö Tel. +46 8 739 0270 Email: joel.bollo@msab.com

Statement from the Board and CEO

The under-signed certify that this interim report provides, in accordance with current regulations, a fair and true overview of the Parent Company's and Group's operations, financial position and earnings, as well as describing the significant risks and uncertainty factors to which the Parent Company and the subsidiaries that comprise the Group are exposed.

Stockholm, 22 July, 2020

Micro Systemation AB (publ)

Corporate ID number 556244-3050

Henrik Tjernberg Joel Bollö Ann Hellenius Jan-Olof Backman Board Chair Chief Executive Officer Board Member Board Member

Carl Bildt Linda Nyberg Peter Gille Board Member Board Member Board Member

This report has not been reviewed by the Company's auditors.

Consolidated income statement in summary

Consolidated income statement in summary
		Apr-June	Jan-June		12 months
MSEK	2020	2019	2020	2019	July-June	2019
Net sales	83.9	64.1	150.1	130.4	327.3	307.6
Cost of goods sold	-8.3	-4.0	-13.4	-9.9	-33.0	-29.5
Other external costs	-11.4	-19.9	-28.5	-38.1	-61.3	-70.9
Personnel costs	-49.1	-48.7	-98.9	-93.7	-194.2	-189.0
Depreciation of fixed assets	-3.0	-2.9	-6.0	-5.8	-12.2	-12.0
Total operating cost	-71.8	-75.5	-146.8	-147.5	-300.7	-301.4
Operating profit - EBIT	12.1	-11.4	3.3	-17.1	26.6	6.2
Financial income	0.7	1.7	2.3	3.8	4.1	5.6
Financial expenses	-1.6	-0.6	-2.4	-1.2	-5.7	-4.5
Profit/loss before tax	11.2	-10.3	3.2	-14.5	25.0	7.3
Tax	-0.8	-0.5	-1.3	-0.8	-2.9	-2.4
Net profit/loss after tax	10.4	-10.8	1.9	-15.3	22.1	4.9
Statement of comprehensive income
		Apr-June	Jan-June		12 months
MSEK	2020	2019	2020	2019	July-June	2019
Net profit/loss after tax	10.4	-10.8	1.9	-15.3	22.1	4.9
Currency translation differences	2.1	0.1	-0.6	1.0	-	1.6
Tax on currency translation differences	0.4	-	0.1	-0.1	0.3	0.1
Total comprehensive income	12.9	-10.7	1.4	-14.4	22.4	6.6
Comprehensive income for the period attributable to the shareholders of the parent company
	12.9	-10.7	1.4	-14.4	22.4	6.6
Key figures

Statement of comprehensive income

Statement of comprehensive income					12 months
Net profit/loss after tax	10.4	-10.8	1.9	-15.3	22.1	4.9
Currency translation differences	2.1	0.1	-0.6	1.0	-	1.6
Tax on currency translation differences	0.4	-	0.1	-0.1	0.3	0.1
Total comprehensive income	12.9	-10.7	1.4	-14.4	22.4	6.6
Comprehensive income for the period attributable to the shareholders of the parent company	12.9	-10.7	1.4	-14.4	22.4	6.6
Key figures
		Apr-June	Jan-June		12 months
	2020	2019	2020	2019	July-June	2019
Revenue growth, %	30.9	1.7	15.1	1.6	7.0	1.2
EBIT-margin, %	14.4	-17.8	2.2	-13.1	8.1	2.0
Cash flow from operating activities per share, SEK	-0.08	0.04	0.28	-0.34	1.58	1.00
Return on equity, %	15.7	-15.4	2.9	-22.0	26.3	5.5

Key figures

Statement of comprehensive income
					12 months
Comprehensive income for the period attributable to the
shareholders of the parent company	12.9	-10.7	1.4	-14.4	22.4	6.6
Key figures
		Apr-June	Jan-June		12 months
	2020	2019	2020	2019	July-June	2019
Revenue growth, %	30.9	1.7	15.1	1.6	7.0	1.2
EBIT-margin, %	14.4	-17.8	2.2	-13.1	8.1	2.0
Cash flow from operating activities per share, SEK	-0.08	0.04	0.28	-0.34	1.58	1.00
Return on equity, %	15.7	-15.4	2.9	-22.0	26.3	5.5
	21.7	-14.0	10.9	-19.1	26.3	12.9
Return on capital employed, %			4.19	2.98	3.59	4.10
Equity per share, SEK	4.19	2.98				18.5
Average number of shares, basic, million	18.5	18.5	18.5	18.5	18.5

Consolidated balance sheet in summary

Consolidated balance sheet in summary
		30-jun	31-dec
MSEK	2020	2019	2019
ASSETS
Intangible assets	0.0	0.1	0.0
Tangible assets	2.5	2.8	2.7
Assets with right to use	25.9	34.8	29.8
Deferred tax asset	0.3	0.0	0.6
Total non-current assets	28.7	37.7	33.1
Inventories	9.5	6.8	6.4
Accounts receivable - trade	69.3	43.0	75.2
Current tax asset	6.0	6.2	5.5
Other current assets	9.7	16.9	6.0
Cash and cash equivalents	64.8	52.5	63.9
Total current assets	159.3	125.4	157.0
TOTAL ASSETS	188.0	163.1	190.1
EQUITY AND LIABILITIES
Equity	77.4	55.1	76.1
Long term leasing liabilities related to assets with right to use	12.6	18.4	16.5
Accounts payable - trade	4.3	3.1	4.6
Current tax liability	1.1	1.3	1.2
Leasing liabilities related to assets with right to use	11.7	10.1	11.8
Other current liabilities	80.9	75.1	79.9
Total current liabilities	98.0	89.6	97.5
TOTAL EQUITY AND LIABILITIES	188.0	163.1	190.1
Change in equity
		30-jun	31-dec
MSEK	2020	2019	2019
Opening balance	76.1	110.1	110.1
Profit/loss for the period	1.3	-14.4	6.6
Dividend	-	-40.6	- 40.6

Change in equity

Change in equity
		30-jun	31-dec
MSEK	2020	2019	2019
	76.1	110.1	110.1
Opening balance
Profit/loss for the period	1.3	-14.4	6.6
Dividend	-	-40.6	- 40.6

Cash flow statement in summary

Cash flow statement in summary
		Apr-June		Jan-June		12 months
MSEK		2020	2019	2020	2019	July-June	2019
Cash flow before working capital changes		12.2	-5.0	7.4	-6.1	31.1	17.6
Working capital changes		-13.8	8.9	0.4	6.3	-5.8	0.1
Cash flow from operating activities		-1.6	3.9	7.8	0.2	25.3	17.7
Investments in fixed assets		-0.2	-0.4	-0.3	-0.9	-0.9	-1.5
Cash flow from investing activities		-0.2	-0.4	-0.3	-0.9	-0.9	-1.5
Dividend paid to shareholders		-	-40.6	-	-40.6	-	-40.6
Conversion/issue of share option rights		-2.5	-3.2	-5.2	-6.4	-11.4	-12.6
Cash flow from financing activities Cash flow for the period		-2.5 -4.2	-43.8 -40.3	-5.2 2.3	-47.0 -47.7	-11.4 13.0	-53.2 -37.0
Cash at the beginning of the period		71.5	93.1	63.9	98.8	52.5	98.8
Exchange rate difference in cash		-2.5	-0.3	-1.4	1.4	-0.7	2.1
Cash at the end of the period		64.8	52.5	64.8	52.5	64.8	63.9
Segment reporting
MSEK Jan-Jun 2020	Asia & CIS		EMEA & Latin America		North America		Total
Product sales
Training & other services	23.8		64.9		43.2		132.0
Total	3.2		9.9		5.3		18.3
	27.0		74.8		48.6		150.3
	24.3
			63.1		39.5 9.1		126.9 23.4
Recognized at a certain point in time Recognized over time	2.7		11.7

Segment reporting

Segment reporting
		EMEA & Latin
MSEK Jan-Jun 2020	Asia & CIS	America	North America		Total
Training & other services	3.2	9.9		5.3	18.3
Total	27.0	74.8		48.6	150.3
Recognized at a certain point in time	24.3	63.1		39.5	126.9
Recognized over time	2.7	11.7		9.1	23.4
Total	27.0	74.8		48.6	150.3
		EMEA & Latin
MSEK Jan-Jun 2019	Asia & CIS	America	North America		Total
Product sales	20.4	51.6		44.4	116.6
Training & other services	3.0	7.2		3.8	13.8
Total	23.4	58.8		48.2	130.4
Recognized at a certain point in time	19.6	49.6		37.6	106.8
Recognized over time
	3.8	9.2		10.6	23.6
Total	23.4	58.8		48.2	130.4

		EMEA & Latin
Total	23.4	58.8	48.2	130.4
Recognized at a certain point in time	19.6	49.6	37.6	106.8
Recognized over time	3.8	9.2	10.6	23.6
Total	23.4	58.8	48.2	130.4

Quarterly data
	2020 Q2	2019 Q1 Q4	Q3	Q2	2018 Q1 Q4	Q3	Q2	2017 Q1 Q4 Q3	Q2	Q1
Net sales, MSEK	83.9	66.2 84.0	93.3	64.1	66.3 86.2	89.4	63.0	65.3 84.8 102.0	59.5	55.4
EBIT, MSEK	12.1	-8.8 3.7	19.8	-11.5	-5.6 8.7	20.1	0.1	3.7 16.9 40.0	6.1	5.8
EBIT-margin, %	14.4	-13.2 4.4	21.2	-17.9	-8.6 10.1	22.5	0.2	5.6 19.9 39.2	10.2	10.6
Earnings per share, SEK	0.56	-0.46 0.07	1.03	-0.58	-0.23 0.40	0.79	0.07	0.24 0.76 1.65	0.24	0.22
Return on equity, %	15.7	-9.7 1.5	21.2	-15.4	-3.9 6.6	14.4	1.8	3.8 12.8 32.5	6.4	3.9
	21.7	-8.1 4.8	23.2	-14.0	-3.2 9.5	20.7	3.3	6.5 18.2 43.7	8.9	5.3
Return on capital employed, %		38.2 40.0	40.3 0.73	33.7 0.04	49.2 57.2 -0.38 1.57	55.2 -0.69	53.4 -0.62	59.8 57.2 52.2 0.01 2.75 -0.06	52.0 -0.24	60.6 0.15
Equity ratio, %	41.2				5.79 5.96	5.58	4.59	6.53 6.23 5.46	3.87	5.90
Cash flow from operations/per share, SEK Equity per share, SEK	-0.08 4.19	0.36 0.57 3.78 4.12	4.14	2.98
Definitions
The Company presents certain financial metrics in the interim report that are not defined under IFRS. The Company believes that these metrics provide useful supplemental information to investors and the Company's management as they allow for the evaluation
of the Company's performance .The key ratios are further described in the 2018 annual report. EBIT
Earnings before interest and taxes.
EBIT margin EBIT in relation to net sales.
Earnings per share *
Profit/loss after tax in relation to average number of outstanding shares after dilution. Return on equity Profit/loss after tax in relation to average adjusted equity.

Definitions

EBIT Earnings before interest and taxes. EBIT margin EBIT in relation to net sales. Earnings per share * Profit/loss after tax in relation to average number of outstanding shares after dilution. Return on equity Profit/loss after tax in relation to average adjusted equity. Return on capital employedEBIT plus financial items in relation to average capital employed. Equity ratio Equity in relation to total assets. Cash flow from operations/per share Cash flow from operations in relation to average number of outstanding shares after dilution. Equity per share Equity in relation to outstanding shares at the end of the period. Average adjusted equity Average of equity during 12 months-period. Opening plus closing shareholders' equity divided by two. Capital employed /average capital employedCapital employed is calculated as total assets less non- interest-bearing liabilities. Revenue growth, %Sales current period in relation to same period prior year Net financial items Net of financial income and expenses Average capital employed is calculated as capital employed over a 12 months period. Capital employed at beginning of period plus capital employed at end of period divided by two. Capital employed 2020 2019 2018 2017 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Total assets, MSEK 188.0 182.8 190.1 189.7 163.2 217.4 192.5 186.9 158.3 200.9 200.2 192.5 136.5 179.0 Accounts payables, MSEK -4.3 -4.5 -4.6 -5.5 -3.1 -3.9 -3.7 -4.5 -4.7 -10.9 -5.0 -11.3 -4.1 -4.5

* Defined in line with IFRS

Reconciliations of measurements that are not defined under IFRS.

Earnings per share *
Profit/loss after tax in relation to average number of outstanding shares after dilution.
Return on equity
Profit/loss after tax in relation to average adjusted equity.
Return on capital employed
EBIT plus financial items in relation to average capital employed.
Equity ratio
Equity in relation to total assets.
Cash flow from operations/per share
Cash flow from operations in relation to average number of outstanding shares after dilution.
Equity per share
Equity in relation to outstanding shares at the end of the period.
Average adjusted equity
Average of equity during 12 months-period. Opening plus closing shareholders' equity divided by two.
Capital employed /average capital employed
Capital employed is calculated as total assets less non- interest-bearing liabilities.
Average capital employed is calculated as capital employed over a 12 months period. Capital employed at beginning of period plus capital employed at end of period divided by two.
Revenue growth, %
Sales current period in relation to same period prior year
Net financial items Net of financial income and expenses
* Defined in line with IFRS
Reconciliations of measurements that are not defined under IFRS.
Capital employed
	2020		2019				2018			2017
	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1 Q4	Q3	Q2	Q1
Total assets, MSEK	188.0	182.8	190.1	189.7	163.2	217.4	192.5	186.9	158.3	200.9 200.2	192.5	136.5	179.0
Accounts payables, MSEK	-4.3	-4.5	-4.6	-5.5	-3.1	-3.9	-3.7	-4.5	-4.7	-10.9 -5.0	-11.3	-4.1	-4.5
Tax liabilities, MSEK	-1.1	-1.9	-1.2	-0.8	-1.3	-0.9	-0.5	-6.9	-2.5	-2.1 -3.6	-11.4	-3.1	-4.7
Leasing liabilities related to assets with right to use		-25.7	-28.3	-30.8	-33.1	-32.8	-	-	-	- -	-	-	-
Other liabilities, MSEK	-24.3
	-80.9	-78.4	-79.9	-92.5	-70.5	-72.8	-78.2	-72.4	-35.2	-67.9 -77.0	-69.4	-58.3	-61.4
Capital employed, MSEK	77.4	72.3	76.1	60.1	55.2	107.0	110.1	103.1	115.9	120.0 114.6	100.4	71.0	108.4
Average capital employed, MSEK	66.3	89.6	93.1	81.6	85.5	113.5	112.4	101.8	93.5	114.2 109.5	93.6	69.4	104.8

Parent company income statement in summary

Parent company income statement in summary
	Jan-Jun
MSEK	2020	2019
Net sales	105.7	82.3
Cost of goods sold	-13.4	-9.9
Other external costs	-19.0	-23.6
Personnell costs	-69.9	-64.8
Depreciation of fixed assets	-5.5	-5.3
Total operating cost	-107.8	-103.6
Operating profit - EBIT	-2.1	-21.3
Net financial items	-0.3	6.5
Profit/loss before tax	-2.4	-14.8
Tax	-	-
Net profit/loss after tax	-2.4	-14.8

Statement of comprehensive income

Jan-Jun

Parent company balance sheet in summary

Parent company balance sheet in summary
		30-jun
MSEK	2020	2019
ASSETS
Intangible assets	0.0	0.1
Tangible assets	2.5	2.7
Assets with right to use	24.5	32.4
Shares in group companies	0.4	0.4
Other long term asset	-	-
Total fixed assets	27.4	35.6
Inventories	9.5	6.8
Accounts receivable - trade	25.3	17.0
Other current assets	47.5	31.4
Cash and cash equivalents	10.3	24.1
Total current assets	92.6	79.3
TOTAL ASSETS	120.0	114.9
EQUITY AND LIABILITIES
Share capital	3.8	3.8
Share premium	20.3	20.3
Restricted equity	24.1	24.1
Statutory reserve	7.8	7.8
Profit brought forward	12.4	-4.9
Non-restricted equity	20.2	2.9
Total equity	44.3	27.0
Long term leasing liabilities related to assets with right to use	12.3	21.6
Accounts payable - trade	4.1	2.6
Current tax liability	-	-
Short term leasing liabilities related to assets with right to use	10.7	9.0
Other current liabilities	48.6	54.7
Total current liabilities	63.4	87.9

MSAB

https://www.msab.com/products/

Combined together, all of our products, platforms and services form a complete ecosystem of mobile forensics that protects our customers throughout the evidence chain. No matter what type of user, location, mobile device or environment; we have a tool designed to suit that particular need. These solutions work together in harmony to ensure best practice workflows for all stakeholders; from the field to the lab, through to the court room and beyond.

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