SMESTAD GROUP AS

0477 OSLO

Finances

Share Ownership

Return on Equity

69,06 %

Current Ratio

0,24

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 481 000	3 440 000	2 294 000	2 955 000
Net Income	−279 000	129 000	−1 000	−179 000
Total Assets	446 000	489 000	257 000	236 000
Total Equity	−404 000	−125 000	−254 000	−252 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 481 000	3 440 000	2 294 000	2 955 000
Expenditure	2 817 000	3 238 000	2 289 000	3 100 000
Operating Profit	−336 000	202 000	5 000	−144 000
Financial Income	0	0	0	0
Financial Costs	22 000	38 000	41 000	37 000
Financial Balance	−22 000	−38 000	−41 000	−37 000
Earnings Before Tax	−357 000	164 000	−37 000	−181 000
Tax	−79 000	36 000	−36 000	−2 000
Net Income	−279 000	129 000	−1 000	−179 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	246 000	225 000	84 000	110 000
Total Current Assets	200 000	264 000	173 000	126 000
Total Assets	446 000	489 000	257 000	236 000
Total Retained Equity	−504 000	−225 000	−354 000	−352 000
Total Equity	−404 000	−125 000	−254 000	−252 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	850 000	614 000	511 000	488 000
Total Equity and Debt	446 000	489 000	257 000	236 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 481 000	3 440 000	2 294 000	2 949 000
Other Income	0	0	0	5 000
Revenue	2 481 000	3 440 000	2 294 000	2 955 000
Cost of Goods Sold	27 000	197 000	63 000	474 000
Salary Costs	1 729 000	2 234 000	1 200 000	1 341 000
Depreciation	8 000	30 000	51 000	66 000
Impairment	0	0	0	0
Expenditure	2 817 000	3 238 000	2 289 000	3 100 000
Operating Profit	−336 000	202 000	5 000	−144 000
Financial Income	0	0	0	0
Financial Costs	22 000	38 000	41 000	37 000
Financial Balance	−22 000	−38 000	−41 000	−37 000
Dividends	0	0	0	0
Net Income	−279 000	129 000	−1 000	−179 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	99 000	21 000	36 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	18 000	48 000	99 000
Total Tangible Assets	0	18 000	48 000	99 000
Total Fiancial Fixed Assets	147 000	187 000	0	11 000
Total Fixed Assets	246 000	225 000	84 000	110 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	25 000	55 000	67 000	38 000
Total Current Assets	200 000	264 000	173 000	126 000
Total Assets	446 000	489 000	257 000	236 000
Total Equity	−404 000	−125 000	−254 000	−252 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	105 000	31 000	90 000	26 000
Unpaid Taxes	89 000	187 000	192 000	72 000
Dividends	0	0	0	0
Other Current Debt	253 000	333 000	135 000	114 000
Total Current Debt	850 000	614 000	511 000	488 000
Total Equity and Debt	446 000	489 000	257 000	236 000

Financial indicators	2022	2021	2020	2019
Return on Equity	69,06 %	−103,2 %	0,39 %	71,03 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−13,54 %	5,87 %	0,22 %	−4,87 %
Current Ratio	0,24	0,43	0,34	0,26
Quick Ratio	0,24	0,43	0,34	0,26
Equity Ratio	−0,91	−0,26	−0,99	−1,07
Gross Profit Margin	98,91 %	94,27 %	97,25 %	83,96 %