SMARTSTUD NORDIC AS

6004 ÅLESUND

Finances

Share Ownership

Return on Equity

31,45 %

Current Ratio

1,13

Debt-to-Equity Ratio

−1,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−206 000	−148 000	−122 000	−69 000
Total Assets	4 519 000	2 121 000	1 804 000	1 240 000
Total Equity	−655 000	−449 000	−301 000	−179 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	113 000	106 000	99 000	69 000
Operating Profit	−113 000	−106 000	−99 000	−69 000
Financial Income	0	0	0	0
Financial Costs	93 000	42 000	23 000	0
Financial Balance	−93 000	−42 000	−23 000	0
Earnings Before Tax	−206 000	−148 000	−122 000	−69 000
Tax	0	0	0	0
Net Income	−206 000	−148 000	−122 000	−69 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	4 519 000	2 121 000	1 804 000	1 240 000
Total Assets	4 519 000	2 121 000	1 804 000	1 240 000
Total Retained Equity	−755 000	−549 000	−401 000	−279 000
Total Equity	−655 000	−449 000	−301 000	−179 000
Total Long-Term Debt	1 160 000	1 742 000	1 647 000	1 419 000
Total Current Debt	4 014 000	828 000	458 000	0
Total Equity and Debt	4 519 000	2 121 000	1 804 000	1 240 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	80 000	77 000	55 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	113 000	106 000	99 000	69 000
Operating Profit	−113 000	−106 000	−99 000	−69 000
Financial Income	0	0	0	0
Financial Costs	93 000	42 000	23 000	0
Financial Balance	−93 000	−42 000	−23 000	0
Dividends	0	0	0	0
Net Income	−206 000	−148 000	−122 000	−69 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	4 416 000	2 021 000	1 594 000	1 230 000
Total Investments	0	0	0	0
Cash, Bank	100 000	100 000	210 000	10 000
Total Current Assets	4 519 000	2 121 000	1 804 000	1 240 000
Total Assets	4 519 000	2 121 000	1 804 000	1 240 000
Total Equity	−655 000	−449 000	−301 000	−179 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 160 000	1 742 000	1 647 000	1 419 000
Creditors	235 000	76 000	3 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 923 000	0	9 000	0
Total Current Debt	4 014 000	828 000	458 000	0
Total Equity and Debt	4 519 000	2 121 000	1 804 000	1 240 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,45 %	32,96 %	40,53 %	38,55 %
Debt-to-Equity Ratio	−1,77	−3,88	−5,47	−7,93
Operating Profit Margin	-	-	-	-
Current Ratio	1,13	2,56	3,94	-
Quick Ratio	−11,24	−1,78	−1,59	−1,01
Equity Ratio	−0,14	−0,21	−0,17	−0,14
Gross Profit Margin	-	-	-	-