SQMIT AS

4072 RANDABERG

Finances

Share Ownership

Return on Equity

3,02 %

Current Ratio

1,66

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 731 000	1 945 000	1 321 000	0
Net Income	6 000	40 000	123 000	0
Total Assets	490 000	500 000	441 000	30 000
Total Equity	199 000	193 000	153 000	30 000

Income (NOK)	2022	2021	2020
Revenue	1 731 000	1 945 000	1 321 000
Expenditure	1 722 000	1 893 000	1 161 000
Operating Profit	9 000	52 000	160 000
Financial Income	0	0	0
Financial Costs	0	1 000	2 000
Financial Balance	0	−1 000	−2 000
Earnings Before Tax	9 000	52 000	158 000
Tax	3 000	12 000	35 000
Net Income	6 000	40 000	123 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 000	16 000	0	0
Total Current Assets	482 000	484 000	441 000	30 000
Total Assets	490 000	500 000	441 000	30 000
Total Retained Equity	169 000	163 000	123 000	0
Total Equity	199 000	193 000	153 000	30 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	291 000	307 000	288 000	0
Total Equity and Debt	490 000	500 000	441 000	30 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 731 000	1 945 000	1 321 000
Other Income	0	0	0
Revenue	1 731 000	1 945 000	1 321 000
Cost of Goods Sold	893 000	368 000	0
Salary Costs	763 000	1 421 000	1 073 000
Depreciation	7 000	7 000	0
Impairment	0	0	0
Expenditure	1 722 000	1 893 000	1 161 000
Operating Profit	9 000	52 000	160 000
Financial Income	0	0	0
Financial Costs	0	1 000	2 000
Financial Balance	0	−1 000	−2 000
Dividends	0	0	0
Net Income	6 000	40 000	123 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	8 000	16 000	0	0
Total Tangible Assets	8 000	16 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	8 000	16 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	307 000	312 000	441 000	30 000
Total Current Assets	482 000	484 000	441 000	30 000
Total Assets	490 000	500 000	441 000	30 000
Total Equity	199 000	193 000	153 000	30 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	65 000	84 000	2 000	0
Unpaid Taxes	147 000	128 000	123 000	0
Dividends	0	0	0	0
Other Current Debt	75 000	83 000	128 000	0
Total Current Debt	291 000	307 000	288 000	0
Total Equity and Debt	490 000	500 000	441 000	30 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,02 %	20,73 %	80,39 %	0 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,52 %	2,67 %	12,11 %	-
Current Ratio	1,66	1,58	1,53	-
Quick Ratio	1,66	1,58	1,53	-
Equity Ratio	0,41	0,39	0,35	1
Gross Profit Margin	48,41 %	81,08 %	100 %	-