SMARTSEAL AS

4014 STAVANGER

Finances

Return on Equity

−9,78 %

Current Ratio

0,57

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 899 000	20 246 000	18 529 000	19 577 000
Net Income	−3 295 000	−4 459 000	−2 742 000	−11 606 000
Total Assets	50 105 000	46 288 000	40 786 000	38 402 000
Total Equity	33 683 000	36 978 000	26 437 000	29 179 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 899 000	20 246 000	18 529 000	19 577 000
Expenditure	20 458 000	23 823 000	21 088 000	30 927 000
Operating Profit	−2 558 000	−3 578 000	−2 560 000	−11 350 000
Financial Income	676 000	881 000	1 715 000	440 000
Financial Costs	1 413 000	1 762 000	1 897 000	696 000
Financial Balance	−737 000	−881 000	−182 000	−256 000
Earnings Before Tax	−3 295 000	−4 459 000	−2 742 000	−11 606 000
Tax	0	0	0	0
Net Income	−3 295 000	−4 459 000	−2 742 000	−11 606 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	41 606 000	38 409 000	32 811 000	32 857 000
Total Current Assets	8 499 000	7 879 000	7 975 000	5 545 000
Total Assets	50 105 000	46 288 000	40 786 000	38 402 000
Total Retained Equity	0	0	0	0
Total Equity	33 683 000	36 978 000	26 437 000	29 179 000
Total Long-Term Debt	1 500 000	2 783 000	3 656 000	3 901 000
Total Current Debt	14 921 000	6 527 000	10 693 000	5 322 000
Total Equity and Debt	50 105 000	46 288 000	40 786 000	38 402 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 899 000	20 246 000	18 529 000	19 577 000
Other Income	0	0	0	0
Revenue	17 899 000	20 246 000	18 529 000	19 577 000
Cost of Goods Sold	13 519 000	14 931 000	11 343 000	14 502 000
Salary Costs	658 000	884 000	1 103 000	1 900 000
Depreciation	1 533 000	1 809 000	1 571 000	1 974 000
Impairment	0	0	0	4 720 000
Expenditure	20 458 000	23 823 000	21 088 000	30 927 000
Operating Profit	−2 558 000	−3 578 000	−2 560 000	−11 350 000
Financial Income	676 000	881 000	1 715 000	440 000
Financial Costs	1 413 000	1 762 000	1 897 000	696 000
Financial Balance	−737 000	−881 000	−182 000	−256 000
Dividends	0	0	0	0
Net Income	−3 295 000	−4 459 000	−2 742 000	−11 606 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	18 608 000	14 705 000	12 733 000	12 034 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	22 261 000	23 325 000	19 962 000	20 705 000
Fixtures	0	0	0	2 000
Total Tangible Assets	22 261 000	23 325 000	19 962 000	20 707 000
Total Fiancial Fixed Assets	737 000	378 000	116 000	116 000
Total Fixed Assets	41 606 000	38 409 000	32 811 000	32 857 000
Stock	419 000	756 000	0	0
Total Investments	0	0	0	0
Cash, Bank	5 328 000	2 300 000	4 195 000	1 383 000
Total Current Assets	8 499 000	7 879 000	7 975 000	5 545 000
Total Assets	50 105 000	46 288 000	40 786 000	38 402 000
Total Equity	33 683 000	36 978 000	26 437 000	29 179 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 500 000	2 783 000	3 656 000	3 901 000
Creditors	2 508 000	6 093 000	1 693 000	2 766 000
Unpaid Taxes	52 000	111 000	112 000	167 000
Dividends	0	0	0	0
Other Current Debt	363 000	323 000	845 000	389 000
Total Current Debt	14 921 000	6 527 000	10 693 000	5 322 000
Total Equity and Debt	50 105 000	46 288 000	40 786 000	38 402 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,78 %	−12,06 %	−10,37 %	−39,78 %
Debt-to-Equity Ratio	0,04	0,08	0,14	0,13
Operating Profit Margin	−14,29 %	−17,67 %	−13,82 %	−57,98 %
Current Ratio	0,57	1,21	0,75	1,04
Quick Ratio	0,59	1,37	0,75	1,04
Equity Ratio	0,67	0,8	0,65	0,76
Gross Profit Margin	24,47 %	26,25 %	38,78 %	25,92 %