SCANDINAVIAN REACH TECHNOLOGIES AS

5354 STRAUME

Finances

Share Ownership

Return on Equity

−58,81 %

Current Ratio

7,02

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 284 000	1 798 000	719 000	14 000
Net Income	−52 393 000	−8 661 000	−5 213 000	−3 033 000
Total Assets	103 545 000	90 821 000	94 000 000	54 182 000
Total Equity	89 092 000	71 486 000	80 147 000	50 070 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 284 000	1 798 000	719 000	14 000
Expenditure	67 872 000	12 924 000	7 215 000	3 875 000
Operating Profit	−66 588 000	−11 126 000	−6 496 000	−3 862 000
Financial Income	68 000	65 000	44 000	14 000
Financial Costs	651 000	276 000	228 000	3 000
Financial Balance	−583 000	−211 000	−184 000	11 000
Earnings Before Tax	−67 171 000	−11 337 000	−6 681 000	−3 852 000
Tax	−14 778 000	−2 676 000	−1 468 000	−819 000
Net Income	−52 393 000	−8 661 000	−5 213 000	−3 033 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	60 591 000	72 068 000	50 922 000	27 046 000
Total Current Assets	42 953 000	18 754 000	43 079 000	27 136 000
Total Assets	103 545 000	90 821 000	94 000 000	54 182 000
Total Retained Equity	0	0	0	0
Total Equity	89 092 000	71 486 000	80 147 000	50 070 000
Total Long-Term Debt	8 333 000	9 000 000	9 000 000	0
Total Current Debt	6 119 000	10 335 000	4 853 000	4 112 000
Total Equity and Debt	103 545 000	90 821 000	94 000 000	54 182 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 284 000	1 798 000	719 000	14 000
Other Income	0	0	0	0
Revenue	1 284 000	1 798 000	719 000	14 000
Cost of Goods Sold	3 678 000	753 000	421 000	0
Salary Costs	14 605 000	5 823 000	4 111 000	1 468 000
Depreciation	222 000	158 000	99 000	0
Impairment	37 785 000	0	0	0
Expenditure	67 872 000	12 924 000	7 215 000	3 875 000
Operating Profit	−66 588 000	−11 126 000	−6 496 000	−3 862 000
Financial Income	68 000	65 000	44 000	14 000
Financial Costs	651 000	276 000	228 000	3 000
Financial Balance	−583 000	−211 000	−184 000	11 000
Dividends	0	0	0	0
Net Income	−52 393 000	−8 661 000	−5 213 000	−3 033 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	59 817 000	71 557 000	50 616 000	26 841 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	64 000	0	0	0
Fixtures	710 000	510 000	306 000	205 000
Total Tangible Assets	774 000	510 000	306 000	205 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	60 591 000	72 068 000	50 922 000	27 046 000
Stock	11 433 000	9 894 000	1 234 000	0
Total Investments	0	0	0	0
Cash, Bank	29 500 000	6 657 000	5 283 000	25 640 000
Total Current Assets	42 953 000	18 754 000	43 079 000	27 136 000
Total Assets	103 545 000	90 821 000	94 000 000	54 182 000
Total Equity	89 092 000	71 486 000	80 147 000	50 070 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 333 000	9 000 000	9 000 000	0
Creditors	1 835 000	1 619 000	1 938 000	2 500 000
Unpaid Taxes	1 446 000	1 555 000	1 351 000	803 000
Dividends	0	0	0	0
Other Current Debt	2 837 000	7 161 000	1 564 000	809 000
Total Current Debt	6 119 000	10 335 000	4 853 000	4 112 000
Total Equity and Debt	103 545 000	90 821 000	94 000 000	54 182 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−58,81 %	−12,12 %	−6,5 %	−6,06 %
Debt-to-Equity Ratio	0,09	0,13	0,11	0
Operating Profit Margin	−5 185,98 %	−618,8 %	−903,48 %	−27 585,71 %
Current Ratio	7,02	1,81	8,88	6,6
Quick Ratio	−8,08	42,53	11,9	6,6
Equity Ratio	0,86	0,79	0,85	0,92
Gross Profit Margin	−186,45 %	58,12 %	41,45 %	100 %