SQT AS

8516 NARVIK

Finances

Share Ownership

Return on Equity

13,33 %

Current Ratio

2,22

Debt-to-Equity Ratio

3,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 557 000	1 086 000	161 000	59 000
Net Income	60 000	274 000	71 000	−55 000
Total Assets	2 345 000	1 043 000	225 000	80 000
Total Equity	450 000	390 000	116 000	−25 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 557 000	1 086 000	161 000	59 000
Expenditure	3 380 000	722 000	86 000	111 000
Operating Profit	177 000	365 000	75 000	−53 000
Financial Income	0	0	0	0
Financial Costs	99 000	14 000	0	2 000
Financial Balance	−99 000	−14 000	0	−2 000
Earnings Before Tax	78 000	351 000	74 000	−55 000
Tax	18 000	78 000	3 000	0
Net Income	60 000	274 000	71 000	−55 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 759 000	277 000	46 000	37 000
Total Current Assets	587 000	765 000	179 000	42 000
Total Assets	2 345 000	1 043 000	225 000	80 000
Total Retained Equity	350 000	290 000	16 000	−55 000
Total Equity	450 000	390 000	116 000	−25 000
Total Long-Term Debt	1 632 000	439 000	2 000	0
Total Current Debt	264 000	213 000	107 000	105 000
Total Equity and Debt	2 345 000	1 043 000	225 000	80 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 557 000	833 000	57 000	59 000
Other Income	0	253 000	103 000	0
Revenue	3 557 000	1 086 000	161 000	59 000
Cost of Goods Sold	498 000	60 000	15 000	6 000
Salary Costs	1 282 000	346 000	0	0
Depreciation	365 000	34 000	0	8 000
Impairment	0	0	0	0
Expenditure	3 380 000	722 000	86 000	111 000
Operating Profit	177 000	365 000	75 000	−53 000
Financial Income	0	0	0	0
Financial Costs	99 000	14 000	0	2 000
Financial Balance	−99 000	−14 000	0	−2 000
Dividends	0	0	0	0
Net Income	60 000	274 000	71 000	−55 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	6 000	9 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 756 000	271 000	37 000	37 000
Total Tangible Assets	1 756 000	271 000	37 000	37 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 759 000	277 000	46 000	37 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	587 000	665 000	176 000	35 000
Total Current Assets	587 000	765 000	179 000	42 000
Total Assets	2 345 000	1 043 000	225 000	80 000
Total Equity	450 000	390 000	116 000	−25 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 632 000	439 000	2 000	0
Creditors	20 000	9 000	12 000	18 000
Unpaid Taxes	72 000	2 000	0	0
Dividends	0	0	0	0
Other Current Debt	165 000	131 000	95 000	87 000
Total Current Debt	264 000	213 000	107 000	105 000
Total Equity and Debt	2 345 000	1 043 000	225 000	80 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,33 %	70,26 %	61,21 %	220 %
Debt-to-Equity Ratio	3,63	1,13	0,02	−0
Operating Profit Margin	4,98 %	33,61 %	46,58 %	−89,83 %
Current Ratio	2,22	3,59	1,67	0,4
Quick Ratio	2,22	3,59	1,67	0,4
Equity Ratio	0,19	0,37	0,52	−0,31
Gross Profit Margin	86 %	94,48 %	90,68 %	89,83 %